Apple reported a record September quarter, its first earnings report under new CEO John Ternus, with revenue rising 12 percent to $114.5 billion, narrowly beating the $113.5 billion analysts expected, and earnings of $2.10 a share beating the $2.00 expected, per Bloomberg. The full fiscal year came in at an all-time record $479 billion, up 15 percent, though growth slowed from 16 percent in the June quarter. China fell more than $1 billion short of estimates, and iPad and wearables were weak. Apple also flagged slower Services growth and lower holiday-quarter margins on memory costs; shares were flat after the release, then fell as much as 4 percent after the outlook, per the WSJ. iPhone hit a September-quarter record at $57.6 billion, up 17 percent, beating the $56.5 billion expected, with only eight days of iPhone 18 Pro sales in the quarter, per CNBC. The Mac grew 24 percent to $10.8 billion, smashing the $9.7 billion expected. Services rose 10 percent to an all-time high of $31.6 billion, its slowest growth since 2022. iPad fell 10 percent and Wearables, Home and Accessories fell 8 percent. Ternus called the Duo “the most transformational iPhone since the original.”