Apple(US:AAPL) Sou Hu Cai Jing·2025-10-27 09:26Group 1: iPhone Air Sales Performance - iPhone Air's offline sales have fallen short of expectations, with reports indicating that orders have been cut by over 80% [2][9] - Despite strong online pre-sales, where the first batch sold out in 5 minutes and achieved over 100 million yuan in sales within 1 second, the device is now facing significant price drops in the second-hand market [7][9] - The demand for iPhone Air is lower than anticipated, leading to a reduction in supply chain capacity by over 80% [9] Group 2: Satellite Communication Service Changes - Apple is reportedly considering switching its satellite communication service from Globalstar to SpaceX's Starlink, as SpaceX has integrated compatibility for Apple's existing satellite frequency in its new satellite designs [3][4] - Globalstar has warned that losing Apple as a core customer could significantly impact its financials, as Apple has invested approximately $2 billion in the company over the past three years [4] - SpaceX's Starlink currently dominates the satellite market, having launched its 10,000th satellite, which accounts for over 60% of active satellites in Earth's orbit [3] Group 3: Upcoming Financial Performance - Apple is set to announce its Q4 2025 financial results on October 31, with expected revenue of $101.7 billion, a year-on-year increase of 7.13% [11] - The adjusted net profit is projected to be $26.06 billion, reflecting a 4.32% year-on-year growth, with earnings per share expected to rise by 81.4% [11] - The strong performance is attributed to the successful sales of the iPhone 17 series, which has seen a 14% increase in sales compared to the iPhone 16 series during the first 10 days of launch [11]