Apple(US:AAPL) Mei Ri Jing Ji Xin Wen·2025-10-31 09:15Core Insights - Apple reported Q4 FY2025 revenue of $102.466 billion, an 8% year-over-year increase, with net profit reaching $27.466 billion, up 86.4% [2] - CEO Tim Cook highlighted record revenue from both iPhone and services, projecting a 10% to 12% revenue growth for Q1 FY2026, with iPhone sales expected to achieve double-digit growth [2][3] - Despite overall growth, revenue from Greater China declined by 3.6% to $14.493 billion, marking it as the only region with a revenue drop [2][5] Business Segment Summary - iPhone revenue for Q4 FY2025 was $49.025 billion, a 6% increase from $46.222 billion in the same quarter last year [3][4] - Supply constraints were noted for several iPhone models due to strong demand, with Apple working to fulfill all orders [3] - Other hardware revenues included Mac at $8.726 billion (up 12.7%), iPad at $6.952 billion (up 0.03%), and wearables, home, and accessories at $9.013 billion (down 0.3%) [4] Regional Performance - Revenue growth was observed in the Americas ($44.192 billion, up 6%), Europe ($28.703 billion, up 15.2%), Japan ($6.636 billion, up 12%), and other Asia-Pacific markets ($8.442 billion, up 14.3%) [5] - The decline in Greater China revenue is attributed to supply constraints and increased competition, with Apple facing challenges from local brands [5][7] - Cook mentioned that subsidies in China positively impacted sales, although many Apple products exceed the subsidy price range [5] Market Dynamics - The Chinese smartphone market saw a 3% year-over-year decline, with increased competition among top brands [7] - Apple ranked third in the Chinese market with a shipment of 10.1 million units, while local brands like Vivo and Huawei led the market [7] - Apple is working on introducing Apple Intelligence in China, aiming to enhance user experience with new features [7]