Apple(US:AAPL) Zhong Guo Jing Ying Bao·2025-10-31 12:51Core Insights - Apple's Q4 FY2025 revenue reached $102.47 billion, a year-over-year increase of 7.9%, exceeding market expectations [1] - The iPhone segment grew by 6%, while Mac and software services saw double-digit growth [1] - The Greater China region experienced a revenue decline, attributed to the delayed launch of the iPhone Air [1][4] Revenue Breakdown - iPhone revenue for Q4 FY2025 was $49.025 billion, up 6% year-over-year, surpassing analyst expectations [2] - Mac revenue reached $8.726 billion, a 13% increase from $7.744 billion in the same quarter last year [3] - Service revenue grew by 15% to $28.750 billion, compared to $24.972 billion in the previous year [3] Regional Performance - Greater China revenue fell to $14.493 billion, down 3.59% from $15.033 billion year-over-year, marking it as the only region with a revenue decline [4] - Other regions, including the Americas, Europe, Japan, and Asia-Pacific, reported revenue growth [4] - Despite the revenue drop, iPhone shipments in China remained stable, with a 1% year-over-year increase to 10.1 million units [6] Market Dynamics - The iPhone 17 series, launched on September 10, 2025, contributed to Apple's strong performance, with pre-order demand exceeding that of previous models [2] - The smartphone market showed resilience despite economic uncertainties, with Apple capitalizing on high-end market demand [2] - Analysts noted that the iPhone Air's delayed launch impacted sales in China, but expectations for recovery in Q1 FY2026 remain optimistic [4][5]