当地时间1月29日，苹果公司发布2026财年第一季度(截至2025年12月27日)财报，多项核心财务指标创下历史新高。 苹果CEO库克表示，苹果本季度取得创纪录的卓越业绩，营收达1438亿美元，同比增长16%，远超预期。iPhone业务凭借前所未有的市场需求创下历史最佳 季度表现，全球所有地区市场均刷新纪录;服务业务收入同样创历史新高，同比增长14%。 不过，在财报电话会上，库克预计内存涨价将影响第二财季利润率。 | | Three Months Ended | | | | --- | --- | --- | --- | | | December 27, | December 28, | | | | 2025 | 2024 | | | Net sales: | | | | | Products | ക 113,743 $ | | 97,960 | | Services | 30,013 | | 26,340 | | Total net sales (1) | 143,756 | | 124,300 | | Cost of sales: | | | | | Products | 67,478 | | 59,44 ...

来源：环球网 【环球网科技综合报道】1月30日消息，据CNBC报道，在近日举行的苹果公司财报电话会议上，分析 师就当前内存组件供应紧张及价格飙升问题向首席执行官蒂姆·库克展开提问。受人工智能数据中心需 求激增推动，全球内存市场出现短缺，价格持续走高，引发业界对科技企业供应链稳定性的广泛关注。 财务数据方面，苹果预计2024年3月季度毛利率将维持在48%至49%区间，中枢值较2023年12月季度有 所提升。库克解释称，内存涨价对12月季度业绩影响"微乎其微"，但预计对3月季度的影响将更为显 著。（青山） 库克在回应中未过度聚焦内存议题，而是强调公司正面临更核心的芯片制造瓶颈。他指出，iPhone等产 品产能受限的主因并非内存，而是A系列与M系列系统级芯片（SoC）的先进制程产能不足。目前，苹 果完全依赖台积电（TSMC）的3纳米等尖端工艺生产此类芯片，而台积电在先进制程市场的主导地位 导致供应链灵活性降低。"我们受制于先进节点的可用性，需求激增下供应链调整空间较以往更小。"库 克坦言。 针对内存价格波动，库克承认其将对苹果成本结构产生影响，但拒绝透露具体应对策略，仅表示公司正 评估"一系列方案"以缓解压力。他强 ...

来源：环球网 【环球网科技综合报道】1月30日消息，苹果公司发布2026财年第一季度（截至2025年12月28日）财 报，显示其营收与净利润均实现两位数增长，核心业务表现强劲。报告期内，苹果实现营收1437.56亿 美元，同比增长16%；净利润达420.97亿美元，同比增长15.9%；稀释每股收益（EPS）为2.84美元，同 比增长19%，三项关键指标均超出市场预期。 库克特别提及中国市场表现，称尽管面临竞争加剧，但iPhone在华销量仍实现同比增长，服务业务增速 尤为显著。他重申，苹果将持续加大在华研发投入，深化本地化生态合作。此外，库克透露，苹果正加 速推进生成式AI技术的落地应用，预计将于今年晚些时候推出首批AI功能更新，并强调"AI将深度整合 至所有产品线"。（青山）· 苹果首席执行官蒂姆·库克（Tim Cook）在财报电话会议中表示，本季度iPhone业务表现"堪称史上最 佳"，得益于全球范围内"前所未有的需求"，其销售额在各大地理区域均刷新历史纪录。尽管未披露具 体销量数据，但库克强调，高端机型的强劲需求及新兴市场渗透率的提升，是推动增长的核心因素。 与此同时，服务业务收入同比增长14%，再创历史 ...

Core Insights - Apple Inc. reported a record revenue of $143.8 billion for the holiday quarter, exceeding Wall Street estimates of $138.4 billion, driven by strong demand for the iPhone 17, growth in services, and a rebound in China [1][5] - The iPhone generated $85.3 billion in revenue, surpassing the estimate of $78.3 billion, with a year-over-year growth of 23% [6] - Services revenue reached $30 billion, reflecting a 14% increase from the previous year, aligning with market expectations [6] Revenue Breakdown - Total revenue for the holiday quarter increased by 16% compared to the previous year [1] - Revenue from China was reported at $25.5 billion, marking a significant 38% increase year-over-year, exceeding Wall Street's projection of $21.8 billion [5] - The Mac segment saw a decline in revenue, falling 6.7% to $8.39 billion, which was below the expected $9.13 billion [7] Market Position and Future Outlook - Apple regained its position as the No. 1 smartphone seller globally, surpassing Samsung Electronics [3] - The company faces uncertainty in maintaining its market dominance, particularly regarding pricing strategies and the development of next-generation devices [4] - The wearables segment showed sluggish performance, with sales declining 2.2% to $11.5 billion, falling short of the $12.1 billion expectation [7]

Group 1: Technology Sector Developments - Alibaba's "Tongyun Ge" concept integrates "Cloud + AI + Chips" as a strategic support triangle for future technology initiatives, emphasizing AI as a core driver of change in cloud computing over the next decade [2] - ByteDance's CEO Liang Rubo announced the company's 2026 focus on "climbing to new heights," highlighting the importance of AI opportunities and the need to enhance talent density and incentives [5] - Waymo plans to launch fully autonomous ride-hailing services in London by Q4 2023, expanding its operations internationally despite regulatory challenges [7] Group 2: Market and Company News - Guizhou Moutai denied rumors of participating in SpaceX's Series A funding, with its stock closing at 1437.72 yuan per share, up 8.61%, and a market capitalization exceeding 1.8 trillion yuan [3] - Byte's new "Doubao" smartphone is expected to be released in late Q2 2026, with significant improvements over its predecessor, developed in collaboration with ZTE Nubia [4] - Meituan's new "one-shot" verification feature requires new restaurant partners to upload unedited videos showcasing their premises, aimed at enhancing platform integrity [8] Group 3: Industry Collaborations - Black Sesame Intelligence and Baidu's "萝卜快跑" signed a strategic cooperation agreement to develop a collaborative ecosystem for autonomous driving, focusing on technology research and product development [11] - Shanghai Xixi Intelligent Technology completed several million yuan in angel financing, aimed at integrating AI with flexible robotics for food processing solutions [12] Group 4: Consumer Electronics - Apple's iPhone 16 was the best-selling smartphone globally in 2025, with Apple and Samsung dominating the top ten list, holding seven and three positions respectively, indicating strong market leadership [10]

iPhone 销量 创纪录 iPhone 17 系列，果然卖爆了。 2025 年第四季度，苹果收入为 1437.56 亿美元，同比增长 16%，创历史新高；净利润达 420.97 亿美元，同比增长 16%；毛利率也升至史无前例的 48.2%。 这其中，iPhone 销售收入同比大增 23% 至 852.7 亿美元，超过了市场和苹果自己的预期，收入创下单季新高。尽管苹果极少公布 iPhone 的销量， 但 iPhone 按均价 1000 美元推算，自新 iPhone 发布以来，几乎每天能卖出近百万台 iPhone。 所有人都想过新 iPhone 会大卖，没想到会卖得这么好，苹果股价受到提振，盘后一度涨超 2%。 只是强如苹果，内存涨价依旧是一大挑战。市场对此态度比较消极，苹果股价收盘涨幅 0.72%。 ▲ 图源：App Economy Insights iPhone 卖爆，面临涨价 在随后的电话会议上，苹果 CEO 蒂姆 · 库克对 iPhone 的销售表现也赞不绝口，接连使用「极其出色（fantastic）」「非同寻常（extraordinary）」 等词汇形容： iPhone 实现了有史以来最佳季度表现，得 ...

1月25日，苹果无预警官宣iPhone Air参与「年货狂欢节」，原价7999元的256GB版本立减2000元，叠加优惠券到手5499元。官降后的iPhone Air迅速卖爆， 多个平台显示发货日期延后，付款后15天内发货。 iPhone Air之所以发售三个月就迎来官降，主要还是销量不及预期。数据显示，iPhone Air激活量仅20万左右，远不及iPhone 17系列其他三款机型。对于多数 普通消费者而言，选购这款机型最大的阻碍就是eSIM。 （图源：中国联通） 就在苹果宣布官降的同时，中国联通发布了2026年eSIM的相关计划，预计接下来的一年时间里，每个月至少有一款支持eSIM的新机上线。一边是降价后卖 爆的iPhone Air，一边是中国联通大力推进eSIM新机上市，不难看出，2026年将会是eSIM用户数量暴增的一年。 （图源：荣耀） 那么为何手机厂商选择在2026年集体拥抱eSIM呢？其实这波"新机集体开始支持 eSIM"的根本原因，是这条产业链的三个关键产业终于在同一个时间节点， 找到了新的方向。 这其中最重要的自然是运营商。比如在中国联通公开的计划里，不管是鸿蒙eSIM、安卓eSIM还是苹果 ...

凤凰网科技讯 1月30日，根据市场研究机构Omdia最新报告，2025年全球智能手机出货量同比增长2%，达到12.5亿部，为2021年以来的最高水平。除大中华 区外，其他地区出货量均实现同比增长，中国大陆市场因补贴政策效应不及预期而略有下滑。 苹果在2025年创下年度出货量新高，iPhone出货量达2.406亿部，同比增长7%，连续第三年位居全球第一。其第四季度出货量创单季历史纪录，中国大陆市 场同比增长26%，主要受iPhone 17系列需求推动。 小米全年出货1.654亿部，保持全球第三，但第四季度出货量同比下降2%。vivo首次跻身全球第四，出货1.053亿部，同比增长4%。OPPO出货1.007亿部，同 比下降3%，其第四季度在新机推动下重回增长。 报告同时指出，年末关键组件及存储器成本上涨已开始抑制2026年的出货预期。 2025年全球智能手机前十大厂商市场份额：苹果19%、三星19%、小米13%、vivo 8%、OPPO 8%、传音8%、荣耀6%、联想5%、华为4%、realme 3%。 ...

Summary of Apple Inc. (AAPL) Conference Call Company Overview - **Company**: Apple Inc. (AAPL) - **Market Cap**: $3.8 trillion - **Current Price**: $258.28 - **Target Price**: $330.00 - **Upside Potential**: 27.8% [1][24] Key Financial Highlights - **F1Q26 EPS**: $2.84, beating GS/consensus estimates of $2.66/$2.67 [1][17] - **Total Revenue**: $143.8 billion, exceeding GS/consensus of $137.4 billion/$138.4 billion [1][22] - **iPhone Revenue**: $85.3 billion, a 23% year-over-year increase, surpassing GS/consensus of $78.0 billion/$78.2 billion [1][22] - **Services Revenue**: $30.0 billion, a 14% year-over-year growth, in line with expectations [1][22] - **Gross Margin**: Achieved record gross margins of 48.2%, above consensus of 47.4% [1][18] - **Operating Expenses (opex)**: Expected to be $18.4-$18.7 billion, marking the first quarter-over-quarter increase in opex [1][19] Growth and Demand Insights - **iPhone Demand**: Strong global demand, particularly in China with a 38% year-over-year revenue increase [1][16] - **Product Mix**: Favorable revenue mix with higher contributions from Services and iPhone [1][18] - **Supply Constraints**: Advanced 3nm SOC constraints may delay the launch of iPhone 18 and iPhone Air 2 to Spring 2027 [1][16] Future Guidance - **F2Q26 Revenue Growth**: Expected between 13-16% year-over-year, beating consensus of 10% [1][19] - **Gross Margin Outlook**: Anticipated to be between 48-49%, reflecting the impact of rising memory costs [1][19] - **Services Growth**: Expected to maintain a growth rate similar to F1Q26 at 14% year-over-year [1][19] Risks and Challenges - **Consumer Demand**: Potential weakening due to macroeconomic conditions, impacting iPhone upgrade cycles [1][25] - **Supply Chain Disruption**: Risks associated with geopolitical tensions affecting global trade [1][26] - **Intensifying Competition**: Competing in various sectors with significant investment from rivals [1][27] - **Regulatory Risks**: Increased scrutiny in major markets could impact competitive advantages [1][28] Investment Thesis - **Buy Rating**: AAPL is rated as a Buy, with a focus on the strength of the Apple ecosystem and revenue visibility [1][32] - **Services Growth**: Expected to drive gross profit growth over the next five years, supporting a premium valuation [1][32] - **Recurring Revenue Opportunity**: The durability of Apple's installed base is expected to enhance revenue growth through increased service and product attachments [1][32] Conclusion Apple Inc. continues to demonstrate strong financial performance with robust iPhone demand and record gross margins. The company is well-positioned for future growth, although it faces risks related to consumer demand and supply chain challenges. The investment thesis remains positive, emphasizing the strength of the Apple ecosystem and the potential for service-driven revenue growth.

Group 1 - The core viewpoint of the article is that Apple Inc. is expecting a revenue growth rate of up to 16% for the quarter ending in March, surpassing market expectations due to strong iPhone demand, a significant recovery in the Chinese market, and accelerated growth in the Indian market [1] Group 2 - Apple's performance during the holiday season exceeded expectations, with CEO Tim Cook stating that the demand for the latest iPhone models was "incredible," leading to record quarterly performance [2] - For the fiscal quarter ending December 27, 2025, Apple reported a 16% year-over-year revenue growth, with iPhone sales revenue increasing by 23%, both exceeding analyst expectations by nearly 4% and 9% respectively, and surpassing the company's guidance of 10%-12% [2] - Earnings per share (EPS) also reached a record high, exceeding analyst expectations by over 6%, while service business revenue achieved a new quarterly high for the first time in three years [2] - The iPhone 17 series contributed to sales growth in key markets, alleviating investor concerns about stagnation in hardware sales, despite previous setbacks and competition leading to talent loss [2] - CFO Luca Maestri noted that a surge in Chinese consumers purchasing the iPhone 17 has driven a trend of upgrading Apple products or switching from competitors, marking a recovery in the Chinese market after two years of fluctuating sales due to intense competition from local brands like Huawei [2] Group 3 - Following the earnings announcement, Apple's stock price initially rose by 3.5% in after-hours trading but later narrowed the gains, ultimately closing up by 0.8% [3]