Apple beats estimates with record India sales; memory chip costs threaten holiday profits

Apple has reported record sales in India, according to its Q4 FY2026 earnings call, as the company closed its financial year on a strong note. However, the company has warned that rising memory-chip prices could put pressure on its profits during the upcoming holiday quarter, one of its busiest periods of the year. On Monday, Apple reported record revenue of $114.5 billion for the September quarter, beating Wall Street estimates. This was the company’s first earnings report under new CEO John Ternus, who took over from Tim Cook in September.