Key facts
- Apple forecast lower gross margins for the holiday quarter, citing rising memory-chip costs.
- Apple projected services revenue growth below Wall Street expectations.
- Apple's fiscal fourth-quarter sales were $114.48 billion, beating estimates on iPhone 18 Pro demand and higher prices.
- Apple faced supply constraints for its foldable iPhone Duo, according to the report.
- Apple was working to address customer reports of cracked screens, according to the report.
Apple forecast lower gross margins for the holiday quarter, citing rising memory-chip costs, and projected services revenue growth below Wall Street expectations, in a report that did not date the event.
The company also reported fiscal fourth-quarter sales of $114.48 billion, beating estimates. The report attributed the beat to early demand for the iPhone 18 Pro lineup and to higher prices.
The report said Apple faced supply constraints for its foldable iPhone Duo and was working to address customer reports of cracked screens. It gave no figures for the margin forecast, the services growth projection or the results themselves.