Apple(US:AAPL) 3 6 Ke·2025-10-31 01:05Core Insights - Apple's Q4 FY2025 financial results exceeded Wall Street expectations, driven by strong demand for the iPhone 17 series [1][4] Financial Performance - For Q4 FY2025, Apple's net revenue was $102.466 billion, an 8% increase from $94.930 billion in the same quarter last year [2][4] - Gross profit for Q4 FY2025 was $48.341 billion, up from $43.879 billion year-over-year, with a gross margin of 47.2%, surpassing the Wall Street average expectation of 46.4% [3][4] - Operating income for Q4 FY2025 reached $32.427 billion, compared to $29.591 billion in the previous year [4] - Net income for Q4 FY2025 was $27.466 billion, an 86% increase from $14.736 billion year-over-year, with diluted earnings per share of $1.85, up 91% from $0.97 [4] Revenue Breakdown - Product revenue for Q4 FY2025 was $73.716 billion, compared to $69.958 billion in the same quarter last year [2] - Service revenue for Q4 FY2025 was $28.750 billion, up from $24.972 billion year-over-year [2] - iPhone revenue for Q4 FY2025 was $49.025 billion, slightly below Wall Street's expectation of $50.19 billion [7] - Mac revenue for Q4 FY2025 was $8.726 billion, exceeding expectations of $8.59 billion [7] - iPad revenue for Q4 FY2025 was $6.952 billion, slightly below expectations [7] - Wearables, Home, and Accessories revenue for Q4 FY2025 was $9.013 billion, exceeding expectations [7] - Services revenue for Q4 FY2025 was $28.750 billion, surpassing expectations [7] Geographic Performance - Revenue from the Americas for Q4 FY2025 was $44.192 billion, up from $41.664 billion year-over-year [9] - Revenue from Europe for Q4 FY2025 was $28.703 billion, compared to $24.924 billion last year [9] - Revenue from Greater China for Q4 FY2025 was $14.493 billion, down 4% from $15.033 billion [9] Annual Performance - For FY2025, total net revenue was $416.161 billion, a 6% increase from $391.035 billion in FY2024 [10] - Net income for FY2025 was $112.010 billion, a 19% increase from $93.736 billion in FY2024 [10] - Diluted earnings per share for FY2025 were $7.46, up 23% from $6.08 in FY2024 [10] Executive Commentary - CEO Tim Cook highlighted record revenue for Q4 FY2025 and expressed confidence in the upcoming holiday shopping season, expecting 10% to 12% revenue growth [13][14] - CFO Kevan Parekh noted high customer satisfaction and loyalty, contributing to record active device installations across all product categories [13] - Cook mentioned supply chain constraints affecting iPhone models but remained optimistic about future growth, particularly in the Chinese market [13][14] Capital Return Plan - The company announced a cash dividend of $0.26 per share, with a record date of November 10, 2025, and a payment date of November 13, 2025 [14]