Apple's beats on both iPhone and overall revenue were among its largest in four years. The company's $85.3 billion in December-quarter iPhone revenue was 9% above the consensus view, while overall revenue of $143.

Apple on Thursday forecast a surge of up to 16% in revenue for the March ​quarter, well ahead of Wall Street's expectations, powered by strong demand for its iPhones and a sharp rebound in China.

Apple is expected to easily set a new record with its iPhone sales for the December quarter. The FactSet consensus calls for $78.2 billion in iPhone revenue, up 13.1% from a year before. The company's current record quarterly total for this segment is the $71.

Apple on Thursday said it saw record-high earnings in the final three months of last year, with iPhone sales surging in greater China.

Memory demand is outpacing supply because of artificial intelligence. According to research firm IDC, memory makers have shifted production toward memory used in AI data centers i

Apple earnings could show strong holiday iPhone demand, but rising memory costs could pose a problem for the tech giant’s outlook. Apple is scheduled to report fiscal first-quarter results after the stock market closes on Thursday.

Ahead of Apple announcing its latest earnings, CEO Tim Cook has revealed that Apple did not quite expect the iPhone 17 range to do as well as it has in China.

Investors Eye Record Revenue And AI Updates Amidst Market Jitters Apple: Rolling Over Into Key Earnings Apple: One Strong Quarter Away From A Reality Check The AI euphoria isn’t over as the Mag 7 stocks will continue to post earnings growth Apple buys Israeli startup Q.