Apple CEO Tim Cook announced a "tremendous response" to the latest iPhone 16 and iPhone 17 models globally, despite missing Q4 sales estimates due to supply constraints. The company projects its "best quarter ever" for the upcoming holiday season.

• Apple reported overall Q4 revenue of $102.5 billion (£77bn), an 8% increase year-over-year, though iPhone revenue of $49 billion (£37bn) was slightly below expectations.
• CEO Tim Cook attributed the missed iPhone sales estimates to supply issues and a lag in shipments to China, but noted robust global demand.
• Apple expects a $1.1 billion (£836m) hit from tariffs in the recently ended quarter, with another $1.4 billion projected for the holiday quarter.