Apple Inc. posted stronger-than-expected revenue of $30.71 billion, marking a positive start for new CEO John Ternus, who took over from Tim Cook in September. The results bucked a downward trend for tech giants this quarter, contrasting with disappointing quarterly results from companies including Alphabet, Amazon, and Intel.
The company's performance was bolstered by record iPhone revenue and overall business resilience. However, reports on the September quarter showed conflicting results regarding China, with some noting strong growth and others stating that revenue in the region missed estimates amid decelerating sales growth.
Investors are now awaiting the first detailed address and earnings call from John Ternus. There is significant interest in Apple's AI plans, holiday guidance for Christmas sales, and the impact of rising memory costs.