Apple (AAPL) 06 (Aug 23 - Dec 26)

[behappyalways]

AAPL Dumps Then Pumps Despite Dismal China Sales
https://www.zerohedge.com/markets/aapl- ... hina-sales

[winston]

not vested

Apple (No. 4) posted record sales for the quarter, even though iPhone revenue fell slightly short of expectations.

CFO Kevan Parekh said the company expects next quarter to be its best ever, with 10% to 12% revenue growth year-over-year if holiday spending stays strong amid macroeconomic uncertainty.

Source: Fortune

[winston]

not vested

The company reported earnings of $1.85 per share on $102.5 billion in revenue, topping Wall Street forecasts for $1.77 and $102.2 billion, respectively. That’s 13% earnings growth and an 8% increase in sales year over year – marking a record September quarter and capping off a record fiscal year with $416 billion in annual revenue.

iPhone sales came in just shy of expectations at $49 billion, but CEO Tim Cook said demand for the new iPhone 17 lineup remains strong, with supply “constrained by high demand.”

Cook added that the company expects the December quarter to be its “best ever” for both iPhone and total revenue.

Apple’s Services segment – its second-largest business – climbed to a record $28.7 billion, above the $28.2 billion expected. The category continues to be a powerful profit driver, helped by growth in subscriptions, App Store revenue and Apple Pay usage.

Mac and iPad sales also modestly beat forecasts, at $8.7 billion and $7 billion, respectively.

Greater China revenue was a weak spot, at $14.5 billion versus the $16.4 billion analysts projected. But Cook emphasized that he expects a return to growth next quarter as iPhone 17 availability expands.

All told, this was another steady quarter from one of the world’s most valuable companies. Margins are holding up, services are accelerating and early iPhone 17 momentum points to a strong finish for 2025.

Shares of AAPL briefly hit an all-time high on Friday before pulling back a bit. The stock currently earns a “C” (Neutral) from Stock Grader.

Source: Market 360

[winston]

not vested

Apple Inc - Stock Analyst Research
Target Price* US 230.00
Recommendation REDUCE

Apple Inc.-Strong outlook, yet no real game changer

4Q25 PATMI was within our expectations, while revenue underperformed slightly due to supply constraints in iPhone 16 and 17.

FY25 revenue/PATMI were at 98%/100% of our FY25e forecasts.

Revenue grew 8% YoY, mainly driven by growth in iPhone (+6% YoY) and Services (+15% YoY).

China revenue fell 4% YoY.

We raise our FY26e revenue and PATMI assumption by 1% and 5% respectively, to account for the higher-than-expected growth in iPhone.

We roll over another year of valuations and maintain our recommendation of REDUCE, with a raised DCF target price of US$230 (prev. US$200). WACC of 6.5% and a terminal growth rate of 3% remain unchanged.

Apple’s AI rollout thus far has been disappointing, with no game-changing AI to trigger a major product upgrade cycle. We continue to remain cautious.

Source: Phillips

https://www.poems.com.sg/stock-research/AAPL/

[behappyalways]

Apple Taps Rival Google's 1.2-Trillion-Parameter AI Model To Power Siri
https://www.zerohedge.com/ai/apple-taps ... power-siri

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Soft iPhone Air Sales May Force Apple To Hit Pause On Next Version
https://www.zerohedge.com/technology/so ... xt-version