Apple(US:AAPL) 美股IPO·2025-10-31 02:55Core Viewpoint - The company expects a revenue growth of 10-12% for the December quarter, significantly exceeding analyst expectations, driven by strong iPhone demand and increased investment in AI research and development [1][5][33]. Financial Performance - The latest quarterly sales reached $102.5 billion, a 7.9% increase year-over-year, slightly above market expectations [3][26]. - Earnings per share were $1.85, surpassing the average forecast of $1.77 [3]. - The services segment remains the fastest-growing area, with revenue increasing by 15% to $28.8 billion, exceeding analyst expectations [3][26]. iPhone Business - iPhone sales reached $49 billion, a 6.1% year-over-year increase, despite supply constraints [5][6]. - The company faced supply limitations due to underestimated demand for iPhone 16 and 17 models, not related to manufacturing capacity [6][17]. - CEO Tim Cook indicated that the company anticipates double-digit year-over-year growth in iPhone revenue for the December quarter, marking the strongest iPhone quarter in history [5][33]. Services Segment - The services business achieved a record revenue of $28.8 billion, contributing significantly to the overall growth [6][29]. - The total service revenue for the fiscal year exceeded $100 billion, marking a 14% year-over-year increase [6][30]. AI and Technology Investments - The company is significantly increasing its investment in AI, launching the M5 chip, which offers unparalleled speed and AI performance improvements [7][8][10]. - A new private cloud computing facility has begun production in Houston, aimed at enhancing AI capabilities [7][10]. Market Outlook - The company expects the Greater China region to recover from a 4% year-over-year revenue decline, driven by increased foot traffic and strong demand for the iPhone 17 series [6][17]. - The overall gross margin for the company was reported at 47.2%, with expectations for the December quarter to remain between 47% and 48% [6][33]. Product Innovations - The latest Apple Watch products feature advanced health monitoring capabilities, including a high blood pressure notification function, expected to alert over 1 million users [9][19]. - The M5 chip is integrated into various products, enhancing performance and user experience across the board [8][14].