Apple Reports Record iPhone Revenue Without a New Standard Model
Apple reported record iPhone revenue for its latest fourth quarter, generating $57.58 billion, a 17 percent increase from the same period last year.
The result was notable because Apple did not release a new standard iPhone during its latest product refresh. Revenue growth followed the September launch of the iPhone 18 lineup, which included higher-priced iPhone 18 Pro and Pro Max models. Apple also raised prices on older devices at the same time.
Apple additionally introduced its first folding phone, the iPhone Duo, but preorder sales for that device were not included in the earnings report.