Core Insights - Apple is set to report its fiscal fourth quarter earnings, which includes initial sales data for the new iPhone 17 models [1] - Analysts indicate improved demand for iPhone 17, particularly for entry-level and Pro models, with expectations for sales growth in fiscal 2025 [2] Financial Performance - In the June quarter, Apple reported a 10% year-over-year revenue growth, while analysts expect a 7.7% sales growth for the September quarter [6] - Analysts project Apple to guide for $132.31 billion in December quarter sales and earnings of $2.53 per share, compared to an EPS of $1.77 and revenue of $102.24 billion in the previous quarter [6] Tariff Impact and Capital Expenditure - Apple has faced negative impacts from tariffs, with potential costs of $1.1 billion, and investors are keen to see if actual costs were below forecasts [3][4] - There is a call for Apple to increase capital expenditure and AI investments, as it has not participated significantly in the data center and AI chip investment boom [4] AI and Technology Investments - Apple has indicated a significant increase in investments in technology, which is expected to reflect in capital expenditures, with insights on AI strategy anticipated from CEO Tim Cook [5] - The company is also shipping AI servers from a factory in Houston, indicating a move towards enhancing its AI capabilities [3] Sports and Media Strategy - Apple has secured a five-year deal with Formula 1 to broadcast races in the U.S. on Apple TV, which is part of its broader sports and media strategy [5]

Doug, um, how are you thinking about this. Obviously, there's always going to be give and take in the reactions, but talk a little bit about Amazon in particular and its spot within this full AI boom. >> Yeah, Mike, we actually have not owned Amazon at Intelligent Alpha.Our models, we use AI to do our our stock picks. Our models haven't liked Amazon, and it's been right. It's been the worst performer of the Mag 7 year to date.And I think the primary concern is that question around AWS. We just saw an incred ...

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Apple Chief Executive Tim Cook on Thursday gave a forecast for holiday quarter iPhone sales and overall revenue that beat Wall Street expectations, powered by orders for iPhone 17 models that the comp... ...

Core Insights - The company reported record revenue for the September quarter, indicating strong financial performance [1] - There was strong early demand for the Pro and Pro Max iPhone models, suggesting positive market reception [1] Financial Performance - September-quarter revenue reached a record high, reflecting robust sales and market demand [1] Product Demand - Early demand for the Pro and Pro Max iPhone models was strong, indicating consumer interest and potential for continued sales growth [1]

Financial Performance - Apple reported quarterly revenue of $102.5 billion, an increase of 8% year over year[1] - Diluted earnings per share (EPS) was $1.85, reflecting a 13% year-over-year growth on an adjusted basis[1] - Total net sales for the fiscal year reached $416.16 billion, compared to $391.04 billion in the previous year, representing a 6.4% growth[9] - Total net income for the quarter was $27.47 billion, compared to $14.74 billion in the same quarter last year, showing an 86% increase[9] - Net income for the twelve months ended September 27, 2025, increased to $112,010 million, up from $93,736 million in the previous year, representing a growth of 19.4%[15] Services and Product Launches - Services revenue reached an all-time high of $28.75 billion, up from $24.97 billion in the same quarter last year, marking a 15% increase[9] - The company launched its best iPhone lineup ever, including iPhone 17, iPhone 17 Pro, and iPhone Air, along with new AirPods Pro 3 and Apple Watch lineup[1] Cash and Dividends - Apple declared a cash dividend of $0.26 per share, payable on November 13, 2025[1] - The company paid $15,421 million in dividends and dividend equivalents during the twelve months ended September 27, 2025, compared to $15,234 million in the previous year[15] Research and Development - Research and development expenses for the quarter were $8.87 billion, up from $7.77 billion year over year, indicating a 14% increase[9] Assets and Liabilities - The company’s total assets decreased to $359.24 billion from $364.98 billion year over year[12] - The company’s total liabilities decreased by $11,076 million in the twelve months ended September 27, 2025, compared to an increase of $15,552 million in the previous year[15] Cash Flow - Cash generated by operating activities for the twelve months ended September 27, 2025, was $111,482 million, compared to $118,254 million in the prior year, reflecting a decrease of 5.7%[15] - Cash generated by investing activities increased to $15,195 million from $2,935 million year-over-year, indicating a significant improvement[15] - Cash, cash equivalents, and restricted cash at the end of the period increased to $35,934 million from $29,943 million, marking an increase of 20%[15] Stock Repurchase - The company repurchased common stock amounting to $90,711 million during the twelve months ended September 27, 2025, slightly down from $94,949 million in the previous year[15] Tax Charges - The company recorded a one-time income tax charge of $10.2 billion due to the reversal of the European General Court's State Aid decision, impacting net income significantly[17] Accounts Receivable - The company experienced a decrease in accounts receivable, net, amounting to $(6,682) million, compared to $(3,788) million in the prior year, indicating a worsening in collection efficiency[15] Earnings Per Share - Diluted earnings per share for the twelve months ended September 28, 2024, adjusted for non-GAAP measures, was $6.75, compared to $6.08 as reported under GAAP[19]

So, the Dow was earlier made of muscle. The S&P and Nasdaq, well, they've been atrophying most of the session here. The S&P hasn't even been in the positive today.Right now, it's down at 48 points. The Nasdaq is lower by 30. Low of the session, 329 points of losses.And two magnificent moguls are really more like preh Halloween monsters right now. Meta is getting kneecapped at the moment. Let's look at Meta.is down right now 11 and a half%. Investors do not care that the Facebook parent posted a double beat ...

will all be in focus. Joining me now is Craig Moffett, co-founder and senior analyst at Moffett Nathansson. Um Craig, first of all, maybe we could take a step back and and get a sense of what you think the read through is from the three reporters, the three companies we saw report yesterday, uh Meta, Microsoft, and Alphabet.What's the read through from those reports for Apple. >> Well, I first of all, hi Leslie. I I don't I don't know that there's a direct read through from the operating results.I think one ...

Apple (AAPL) heads into its earnings report Thursday after the close with renewed momentum after a sluggish start to the year. Year-to-date, Apple shares are up roughly 8%, ahead of only Amazon, but sentiment has shifted sharply over the past quarter. In the last three months, Apple has surged 30%, outpaced only by Alphabet (GOOGL) (+46%) and Tesla (TSLA) (+39%). These flows suggest investors are rotating back into Apple as they recognize the role it will play in the AI boom.After several quarters of consol ...

Core Viewpoint - Apple is expected to report upbeat fourth quarter earnings with an adjusted EPS of $1.73 and revenue exceeding $11 billion, indicating a growth rate of approximately 7-8% [1][3][4] Earnings Expectations - Analysts anticipate strong topline growth, marking the best growth pace for Apple in about four years, with expectations of sustained growth into 2027 [3][4] - The services segment is projected to grow at a rate of 12-13%, benefiting from recent developments in the Google search monopoly case [5] Product Performance - The iPhone 17 is a key focus, with expectations of high single-digit growth in China for the September quarter, driven by the new device [6][10] - The overall performance of the iPhone 17 is crucial for this quarter's results [6] Market Positioning - Apple's business model is characterized by lower capital intensity (3-4%) compared to competitors like Meta, which is expected to have a capital intensity rate above 35% [11][12] - This positioning may insulate Apple from broader market concerns regarding capital expenditure [13] Investor Sentiment - There is a moderately bullish sentiment in the options market, with expectations of a 3.3% move in shares post-earnings [15] - A specific trading strategy involving a broken wing call butterfly is suggested to capitalize on this sentiment while managing risk [16][19] Future Outlook - Analysts remain optimistic about Apple's performance through 2026, suggesting that any pullback in stock price could present a buying opportunity [13][23]