Welcome to 995 Mac Daily for Friday, October 31st, 2025.

I'm your host, Chance Miller.

We are supported this week by card pointers.

Leading off today, Apple has reported its earnings for the fourth fiscal quarter of 2025.

This covers the months of July, August, and September. In short, the best way to summarize

it is that Apple made a lot of money. The company reported total revenue of $102.5 billion,

an increase of 8% year-over-year. iPhone revenue came in at $49 billion, which is an increase of 6% year-over-year.

Mac revenue came in at $8.7 billion, an increase of 13% year-over-year. iPad revenue was $6.9 billion,

down 1% compared to last year.

The wearables home and accessories category, which includes things like Apple Watch, Airpods, and Vision Pro, saw revenue of $9 billion, which is flat year over year.

And finally, Apple's services category saw revenue of $28.8 billion, an increase of 15%.

Net income for Apple was $27.5 billion, and Apple's gross margin came in at around 47%.

In total, Apple beat Wall Street expectations on earnings per share, revenue, Mac, wearables, and services, but missed on iPad and missed slightly on iPhone.

Still, investors are happy with $100 plus billion in revenue, and Apple's stock is up a little over 2% since the announcement.

In addition to the earnings release itself, Apple held a call

with investors and analysts afterwards to answer questions and provide more guidance. In terms of what

to expect for the first quarter of 26, which covers October, November, and December,

Apple says that it will be the company's biggest quarter ever, the biggest

quarter in Apple history. The company is expecting that total company revenue will grow by 10 to 12%

year over year. iPhone revenue is also expected to grow double digits year over year, which would be

the best iPhone quarter ever. So best

revenue for Apple and best iPhone revenue ever. That would come out to around $138 billion

...