Apple(US:AAPL) 智通财经网·2025-10-31 00:01Core Insights - Apple reported better-than-expected Q4 FY2025 results, with revenue growth of 7.9% year-over-year to $102.5 billion, surpassing the average estimate of $102.2 billion [1] - Earnings per share increased to $1.85, exceeding the average forecast of $1.77 [1] - The company anticipates significant sales growth during the holiday season following the launch of new iPhone models, reinforcing investor confidence in its flagship products [1][3] Financial Performance - Q4 net profit was $27.46 billion, up from $14.29 billion year-over-year, impacted by one-time tax expenses [1] - Gross margin stood at 47.2%, above the analyst expectation of 46.4% [1] - Revenue from services grew 15% to $28.8 billion, outperforming the analyst estimate of $28.2 billion [9] Product Segments - iPhone revenue increased by 6.1% to $49 billion, slightly below the analyst forecast of $49.3 billion, attributed to supply constraints [6] - Mac revenue rose 13% to $8.73 billion, exceeding the average estimate of $8.6 billion [11] - Wearables, home, and accessories revenue decreased by less than 1% to $9.01 billion, with analysts expecting a more significant decline [11] Market Outlook - CEO Tim Cook expressed confidence in recovering growth in the Greater China region, despite a 3.6% revenue decline to $14.5 billion in Q4 [3] - CFO Kevan Parekh projected Q1 revenue growth of 10% to 12%, significantly above the analyst average of 6% [3] - Analysts expect Q1 sales to reach $132.31 billion, with earnings per share of $2.53, indicating strong performance expectations [3] Competitive Landscape - Apple faces increasing competition from local smartphone manufacturers in China and challenges in developing AI capabilities [3][8] - The company is working on significant updates to its virtual assistant Siri, with a major update expected next year [8] - Despite a slower stock price increase compared to competitors, Apple remains focused on leveraging AI opportunities within its ecosystem [8] Supply Chain and Costs - Tariffs increased costs by $1.1 billion in Q4, with expectations of $1.4 billion in the upcoming quarter [5] - Supply constraints have affected the availability of iPhone 17 models, leading to strong initial demand but limited revenue growth [6]