Apple's fourth-quarter revenue and guidance for the next quarter both exceeded expectations.

Apple CEO Tim Cook revealed on Thursday that Apple's revenue expectations for iPhone sales and overall revenue for the next quarter are higher than Wall Street's expectations, thanks to strong demand for the iPhone 17 series models. Apple's overall revenue for the fourth quarter ending in September exceeded $100 billion, reaching a higher-than-expected $102.47 billion. After the financial report was released, Apple's stock price initially dropped 3%, then rose 4%. Cook stated that he expects iPhone sales for the current quarter to grow by double digits year-over-year, with overall revenue growing by 10% to 12%, both higher than market expectations.