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Apple posts record Q4 revenue as iPhone, Mac sales surge on AI demand

Apple reported its best-ever fiscal year for revenue and earnings per share, with September-quarter iPhone revenue up 17.5% to $57.6 billion and Mac revenue up 24% to $10.8 billion, a four-year high. CFO Kevan Parekh said AI offers 'a wide range of ways' to drive revenue, including device upgrades, third-party app fees, and paid access to Apple's own AI features. Shares fell in premarket trading after Apple warned rising memory costs would squeeze holiday-quarter margins.