Following a successful Q4 where Apple posted $102.5 billion in revenue, CEO Tim Cook spoke to CNBC about the company’s performance and its future goals. Cook revealed that despite the strong demand, Apple was facing supply constraints on several models of the iPhone 17 and last year’s 16 series.
Apple’s favorable revenue results are also expected to carry over into the Holiday period, with projected revenue growth for the December quarter up by 10%-12%.
Cook also confirmed that Cupertino plans to release its long-awaited and delayed version of its AI-overhauled Siri next year. Apple was supposed to bring its updated Siri earlier this year, but the launch got delayed yet again. The most recent rumors suggest it will launch in March, 2026.
Apple is also planning to partner with more AI providers for the Apple Intelligence suite following its OpenAI deal from 2024. Cook did not go into detail about specific companies, but he did confirm Apple’s intent to strike new AI partnerships.
Tariffs have been a hot topic in tech for the better part of this year, and Cook confirmed that Apple incurred $1.1 billion in additional costs during the September quarter. Apple is expecting $1.4 billion in tariff costs for the December quarter.
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