Apple(US:AAPL) MINTยท2025-10-30 21:55Core Insights - Apple Inc. reported a net profit of $27.5 billion for the quarter ended September 27, 2025, driven by strong demand for the iPhone 17 and growth in its services business [1] - Revenue reached $102.5 billion, an 8% year-on-year increase, surpassing Wall Street estimates of $102.24 billion [1] - Earnings per share were $1.85, exceeding expectations of $1.77 [1] iPhone Sales Performance - Initial sales of the iPhone 17 series contributed significantly to growth, with iPhone revenue totaling $49.03 billion, a 6% increase from the previous year [2] - The iPhone 17 series, despite lacking advanced AI features, attracted buyers due to its redesigned models and new "liquid glass" display [2] - iPhone revenue fell short of analyst expectations of $50.19 billion and the previous quarter's 13% growth [2] Regional Performance - Sales in Greater China decreased to $14.49 billion, missing estimates of $16.24 billion due to regulatory delays affecting the iPhone 17 Air launch [3] - The delay was attributed to the device's exclusive use of e-SIM for wireless connectivity [3] Services Segment Growth - The services business generated a record $28.75 billion, exceeding expectations of $28.17 billion [4] - CEO Tim Cook highlighted customer loyalty and growing digital engagement as key factors for the services segment's success [4] Other Product Segments - Mac sales reached $8.73 billion, slightly above the expected $8.59 billion [5] - iPad sales were $6.95 billion, slightly below the expected $6.98 billion [5] - Wearables and accessories generated $9.01 billion, surpassing expectations of $8.49 billion [5] - Despite trade pressures from US tariffs on devices made in India and China, Apple maintained its pricing strategy on new models [5] Market Reaction - Apple's stock rose in after-hours trading as investors responded positively to the stronger-than-expected results and resilient consumer demand ahead of the holiday season [6]