Apple(US:AAPL) Mei Ri Jing Ji Xin Wen·2025-10-31 09:29Core Insights - Apple's Q4 FY2025 revenue reached $102.466 billion, marking an 8% year-over-year increase, with net profit soaring 86.4% to $27.466 billion and a gross margin of 47.18% [2] - CEO Tim Cook highlighted record revenues for both iPhone and services, projecting a 10% to 12% revenue growth for Q1 FY2026, with iPhone sales expected to achieve double-digit growth [2] - Despite overall growth, revenue in Greater China declined by 3.6% to $14.493 billion, making it the only region with a revenue drop [2][6] Business Segment Performance - iPhone revenue for Q4 FY2025 was $49.025 billion, a 6% increase from $46.222 billion in the same quarter last year [3] - The Mac segment generated $8.726 billion, up 12.7%, while iPad revenue was $6.952 billion, showing minimal growth of 0.03% [5] - Services revenue continued its upward trend, reaching $28.75 billion, a 15% increase year-over-year [5] Regional Performance - Revenue growth was observed across most global regions, with the Americas, Europe, Japan, and other Asia-Pacific markets reporting increases of 6%, 15.2%, 12%, and 14.3% respectively [6] - The decline in Greater China revenue is attributed to supply constraints and increased competition, despite a brief recovery in Q3 FY2025 [6][8] Market Dynamics - The iPhone 17 series has seen strong demand, with initial sales in the first 10 days surpassing those of the iPhone 16 series by 14% in both China and the U.S. [5] - Apple is facing intensified competition in the Chinese market, with local brands like Vivo and Huawei gaining market share [8] - Cook noted that subsidies in China have positively impacted sales, although many Apple products exceed the subsidy price range [6][8]