Apple(US:AAPL) Feng Huang Wang·2025-10-31 04:59Core Insights - Apple reported record revenue of $102.466 billion for Q4 FY2025, an 8% increase from $94.930 billion in the same quarter last year, with net profit rising 86% to $27.466 billion from $14.736 billion [2] Revenue Performance - Revenue from Greater China in Q4 was $14.493 billion, a 3.6% decline from $15.033 billion year-over-year, falling short of analyst expectations of $16 billion [2] - CEO Tim Cook indicated strong demand for the iPhone 17, projecting double-digit percentage growth in iPhone revenue for Q1 FY2026, with overall revenue expected to grow 10% to 12% year-over-year [2] Product Demand and Market Strategy - Apple faced challenges in meeting market demand for multiple iPhone 17 models and some older iPhone 16 models during Q4 [2] - The decline in Greater China revenue was attributed to the delayed launch of iPhone Air, which Cook identified as the "main reason" for the drop, but he expressed optimism for recovery in Q1 [2] AI Development and Strategic Plans - Cook reported positive progress in the development of a more personalized Siri, with plans to launch it sometime next year [2] - The company is open to AI acquisition deals and aims to collaborate with more AI companies, similar to integrating ChatGPT into Apple Intelligence [4] Financial Impact - Apple incurred $1.1 billion in tariff-related costs in Q4, with an expected increase to $1.4 billion in Q1 FY2026 [3] Market Reaction - Following the earnings report, Apple's stock price rose by 2.73% in after-hours trading [5]