Apple posts record iPhone revenue despite skipping a standard model in latest refresh

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Apple reported a record-breaking fourth quarter for iPhone sales even though it did not release a standard iPhone model in its latest update. In its earnings report released Monday, the company said iPhone revenue reached $57.58 billion, up 17 percent from the same period a year earlier. The growth followed the September launch of the iPhone 18 lineup, which featured a higher-priced iPhone 18 Pro and Pro Max. Apple also raised prices on its older models at the same time. The company's first folding phone, the iPhone Duo, was unveiled, but its preorder sales are not included in the reported figures.

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