海外科技行业周报：苹果iPhone三季度收入超预期；AMD再次上调AI芯片收入指引

Investment Rating - The report maintains a positive outlook on the overseas technology sector, specifically highlighting Apple and AMD's performance [2][3]. Core Insights - Apple's FY24Q4 revenue reached $94.93 billion, a year-over-year increase of 6.1%, driven by iPhone, iPad, Mac, and services, while wearables/home/accessories saw a decline [3][4]. - AMD's Q3 revenue was $6.819 billion, up 18% year-over-year, with an upward revision of its annual AI chip revenue guidance to $5 billion [9][10]. Summary by Sections Apple Performance - FY24Q4 revenue was $94.93 billion, matching expectations, with a gross margin of 46.2% [3][4]. - Net profit was $14.736 billion, down 35.8% year-over-year due to a one-time tax expense of $10.2 billion [3][4]. - FY25Q1 guidance indicates low single-digit percentage growth, reflecting potential production cuts for the iPhone 16 series [3][4]. Product Breakdown - Product revenue was $69.96 billion, a 4.1% year-over-year increase, with iPhone revenue at $46.222 billion, up 5.5% year-over-year [4][6]. - Service revenue reached $24.972 billion, a historical high, with an 11.9% year-over-year growth [6][7]. Regional Performance - Revenue from the Greater China region showed a narrowing decline, while other regions experienced growth [6][7]. - Year-over-year revenue growth in the U.S., Europe, and other regions was 3.9%, 11.0%, and 16.6%, respectively [6][7]. AMD Performance - AMD's Q3 revenue was $6.819 billion, with a gross margin of 54% [9][10]. - The data center business saw a significant increase, with revenue of $3.549 billion, up 122% year-over-year [10][11]. - Client segment revenue was $1.881 billion, up 29% year-over-year, driven by the fifth-generation Ryzen CPU sales [13][14]. AI and Future Outlook - Apple is focusing on AI integration, with the iOS 18.1 upgrade rate doubling compared to the previous version [7]. - AMD's AI chip revenue guidance was raised to $5 billion, primarily driven by the MI300X for inference workloads [9][11].