Apple is sounding the alarm and forecasting a sharp slowdown over the festive season
Apple has posted a record quarter, but has, above all, dampened Wall Street’s enthusiasm with its outlook for the end of the year. In terms of figures, everything is looking good for a record quarter, which marks an excellent start to John Ternus’s tenure at the helm of Apple. The tech giant posted revenue of $114.5 billion in the fourth quarter of its fiscal year (which runs on a different calendar), up 12 per… cent year-on-year, and a net profit of $30.7 billion, also up 12 per cent. The gross margin stood at 47.9 per cent, an impressive figure. For the full financial year ending 26 September 2026, Apple reported revenue of $479 billion – quite simply a record for the group. The Cupertino-based company’s main driver is, more than…