Apple gains 18% more at the close of its fiscal year with a record revenue figure thanks to the iPhone

Apple reported a net profit of $132.175 billion for its fiscal year ending in September, an 18% increase from the previous year. The company's revenue reached a record $478.834 billion, driven by a 21.2% rise in iPhone sales, totaling $254.098 billion. While Mac sales grew by 12.5%, iPad and accessory revenues saw slight declines. Service revenues increased by 13%, totaling $123.301 billion. Geographically, sales rose in all regions, with China experiencing a notable 28% growth. In the last quarter, Apple achieved a net profit of $30.711 billion and record quarterly sales of $114.477 billion, marking an 11.7% increase from the previous year. CEO John Ternus and CFO Kevan Parekh highlighted the strong fiscal performance and significant cash flow generated during the quarter.