Apple sets a September quarter revenue record after improved iPhone 16 sales

Apple posted its financial report for the past three months, the last quarter of its fiscal year. Revenue increased 6% in July-September as iPhone sales picked up, totaling $94.9 billion.

Apple saw an increase in sales in all categories (iPhone, Mac, iPad, Services) minus the wearables, where it declined just 3%.

Tim Cook, CEO, said on a conference call that iPhone sales set a September revenue record, marking a growth in every geographic segment. The iPhone 16 devices were on sale for the final ten days of the quarter.

Overall revenue might have increased, but net income went down 35% YoY. The company said that's due to retroactive payment of €14.3 billion (15.8 billion) in taxes to Ireland after a deal was found to be breaking state aid laws in the European Union.