Skip to content
HomeTechAIBusinessBCCanadaWorldClimateSportCultureWest Coast Tech deskDaily archiveCompany releasesPress roomSearch
Press roomAdvertise with us
Today's EditionGoogle releases Gemini 4 Argon to developers and businesses worldwideLead story →

TechnologyBusinessBritish Columbia

West Coast News

·Vancouver Edition·

In picturesB.C. drought could last into 2027 as communities brace for fall floods
Latest
Court halts Vancouver Aquatic Centre demolition until after civic election TSX gains 319 points as energy and telecom stocks lead Poilievre takes his tariff-free auto pact pitch to Detroit 'I Play Rocky' and 'Ceremony' take VIFF audience awards BC Conservatives take five-point lead as leaders head into only TV debate Google releases Gemini 4 Argon to developers and businesses worldwide
Business · Cupertino

Apple's first Ternus quarter: $114.5 billion in revenue

July-through-September sales rose 12 percent. Net income was $30.71 billion, or $2.10 a share, in the first report since John Ternus became chief executive.

By West Coast News staff ·
Apple Park in Cupertino
Apple Park in Cupertino, California.

Apple said fiscal fourth-quarter revenue was $114.5 billion, up 12 percent from $102.5 billion a year earlier, the Associated Press reported on November 3. Net income was $30.71 billion, or $2.10 a share, compared with $27.47 billion, or $1.85 a share, a year earlier. The result includes 5 cents a share from tariff refunds. FactSet had expected $1.99 a share on $113.4 billion of revenue. It is the first earnings report since John Ternus became chief executive in September.

Gross margin was 47.9 percent. Apple guided the December quarter to a gross margin of 45 to 46 percent, citing higher memory costs and spending on Siri. The stock was about flat, then fell 2.6 percent to $329.60 during the call. It closed the regular session at $338.32, down 1.8 percent.

From ARQS Sponsored

Owners and managers following this story can look at Design Workbench, TradeHound, Website audit and Flow automation. In the ARQS Store, Wine Cellar Ledger — 1 Month Access, ARQS ContractDiff Desk, Menu Maker — 1 Month Access are among the newest tools available.