Core Viewpoint - Apple is expected to experience a significant rebound in the second half of fiscal 2025, driven by new product launches and strong performance in its Services division, despite facing rising tariff costs and regulatory challenges [1][3]. Financial Projections - For fiscal Q3 2025, revenue is projected at $90.2 billion and earnings per share (EPS) at $1.45, slightly above consensus estimates of $89.3 billion and $1.43 [4]. - The anticipated gross margin is approximately 46.1%, despite absorbing $900 million in tariff-related costs [5]. - For fiscal Q4 2025, revenue is expected to reach $99.5 billion and EPS at $1.66, aligning with market expectations [5]. Product Launches - The upcoming "slim" iPhone, potentially branded as iPhone "Air," is expected to drive sales, featuring a 6.6-inch display, a thickness of 6mm, and a price $100 higher than the previous Plus model [6][7]. - The new MacBook Air with the M4 chip, launched in March, is anticipated to enhance Mac revenue, priced at $999, which is $100 lower than its predecessor [8]. - The iPad segment is expected to benefit from the fall launch of iPad Pro models with the M5 chip, driving revenue growth through higher average selling prices and product upgrades [9]. Services Segment - The Services segment is projected to generate $27.1 billion in revenue for Q3, reflecting a 2% quarter-over-quarter increase and a 12% year-over-year increase [10]. - For Q4, Services revenue is expected to rise to $28 billion, again marking a 12% annual increase, with Licensing and Apple Pay projected to grow over 20% year-over-year [11]. Overall Outlook - The full fiscal year 2025 revenue estimate has been slightly raised to $409 billion, with EPS forecasted at $7.15 [12]. - Despite near-term margin pressures and regulatory scrutiny, there is potential for growth driven by new product cycles and improving Services momentum [13].

Hello and welcome to Morning Brief Market Sunrise. I'm Raman Karamali live from Yahoo Finance Studios in London. It's Monday, 28th July.Coming up on the show, the US and EU strike a 15% tariff deal in order to avoid a trade war. Meanwhile, the trade truce between the US and China is expected to be extended by three months. Samsung is to make Tesla AI chips under a 16 and a half billion dollar deal.And after record highs were hit every day last week on the stock markets, we ask, is the Euphoria here to stay. ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Earnings Reports - Q2 earnings season is ramping up with major companies like Microsoft, Meta Platforms, Apple, and Amazon set to report earnings this week [2][3] - A total of 164 companies in the S&P 500 are expected to release their earnings results by August 1st [3] Federal Reserve Outlook - The Federal Reserve is unlikely to lower interest rates in the upcoming FOMC meeting, maintaining the current rate of +4.25-4.50% [4] - There is only a 2% chance that the Fed will cut rates at this meeting, with a 67% probability of a 25 basis-point cut in September [5] Labor Market Insights - Initial Jobless Claims have decreased to 217K, but the labor market may be weakening as ADP reported a negative -33K jobs filled in June, the first decline in over two years [7] - The BLS report indicated +147K new jobs in June, but only about 70K were outside government hires, which may not be sufficient to offset the retiring workforce [8]

Core Insights - Apple is expected to report third-quarter fiscal 2025 results on July 31, with projected revenue growth in the low to mid-single digits year-over-year [1] - The Zacks Consensus Estimate for fiscal third-quarter revenues is $88.92 billion, indicating a 3.67% year-over-year growth [1] - Earnings consensus is set at $1.42 per share, reflecting a 1.43% increase from the previous year [2] Revenue Breakdown - iPhone sales are projected to reach $40.61 billion in the third quarter, suggesting a 3.3% year-over-year growth [4] - Services revenue is expected to grow to $26.96 billion, indicating an 11.3% year-over-year increase [8] - Mac revenues are estimated at $7.16 billion, reflecting a 2.2% year-over-year growth [12] Market Performance - Apple's iPhone accounted for 49.1% of net sales in the second quarter, with sales increasing 1.9% year-over-year to $46.84 billion [4] - Greater China sales are estimated at $15.27 billion for the third quarter, suggesting a 3.7% growth year-over-year [6] - Apple has gained market share in the PC market, with a 9.1% share according to IDC, up 110 basis points year-over-year [10] Competitive Landscape - iPhone sales have faced competition from Chinese vendors like Huawei and Xiaomi, but Apple has seen over 8% year-over-year growth in China recently [5] - Apple's Mac shipment growth rate is the largest among competitors, with a 21.4% year-over-year increase [11] Stock Performance - Apple shares have risen 14.5% year-to-date, underperforming the Zacks Computer & Technology sector's return of 11% [13] - The forward 12-month Price/Earnings ratio for Apple is 28.23X, higher than the sector average of 27.86X, indicating a stretched valuation [16] Future Prospects - Apple's focus on AI is expected to enhance iPhone sales and Mac shipments, with expanded availability of Apple Intelligence in multiple languages [19][20]

Core Viewpoint - A lawsuit has been filed against Apple Inc. and certain senior executives for potential violations of federal securities laws related to misrepresentations about the AI capabilities of Siri and the iPhone 16 product cycle [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of California, titled Tucker v. Apple Inc., et al., No. 5:25-cv-05197 [2]. - Investors have until August 19, 2025, to request to be appointed to lead the case [2]. Group 2: Allegations Against Apple - The complaint alleges that Apple misrepresented the advanced AI features of Siri and the timeline for their integration into devices [3][4]. - It is claimed that Apple did not have a functional prototype of the advanced features it promised [4]. Group 3: Stock Performance Impact - Following the announcement on March 7, 2025, that Apple would indefinitely delay several AI-based Siri features, the stock price fell by $11.59, or nearly 5%, from $239.07 to $227.48 per share [5]. - On June 9, 2025, after the Worldwide Developer Conference where no new updates on Siri features were announced, the stock price declined by $2.47, or over 1%, from $203.92 to $201.45 per share [6].

Core Insights - Current market conditions are favorable for income investors due to the abundance of income funds available for wealth compounding and creating secondary income streams [1] - A hybrid investment strategy combining classic dividend growth stocks, Business Development Companies, REITs, and Closed End Funds can enhance investment income while achieving total returns comparable to traditional index funds like the S&P [1] Investment Strategy - The approach focuses on high-quality dividend stocks and assets with long-term growth potential, which can significantly contribute to bill-paying capabilities [1] - The hybrid system developed allows for capturing total returns that align with the performance of the S&P index, indicating a balanced strategy between growth and income [1]

Should You Join This Class Action Lawsuit? If you purchased or acquired Apple securities, and/or would like to discuss your legal rights and options please visit Apple Inc. Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com. According to the lawsuit, Defendants made misrepresentations concerning the damages to iPhone 16 sales due to the time it would take to integrate the advanced AI-based Siri features into its devices. NEW YORK, ...

Core Viewpoint - Apple is facing significant challenges in the Chinese smartphone market, which is critical for its revenue, and needs to find solutions to either regain market share or develop new revenue streams [1][4][18] Market Performance - Apple's market capitalization stands at $3.2 trillion, but the stock has declined by 14% in 2025, underperforming compared to the broader market [2] - The stock has shown a slight recovery with a 6% increase in the last month, but concerns remain about its declining market share in China [4] Market Share in China - Apple's market share in China has decreased from 21% in Q4 2023 to 15% in Q1 2025, while competitors Huawei and Xiaomi hold 19% each [7] - Sales in Greater China dropped by 2% year-over-year in Q2 2025, contrasting with growth in other regions [8] Revenue Breakdown - Total sales for Apple in Q2 2025 were $95.3 billion, a 5% increase from $90.7 billion in Q2 2024 [8] - The Services segment generated $26.64 billion in Q2 2025, up 11.6% from $23.86 billion in Q2 2024, highlighting its importance as a revenue source [12] Product Performance - iPhone sales reached $48.84 billion in Q2 2025, a 6.2% increase from the previous year, but the overall growth has stagnated since 2023 [13][9] - The lack of significant technological advancements in recent iPhone models has led to consumers holding onto their devices longer, impacting sales [14][15] Trade and Production Challenges - Apple is affected by the ongoing trade tensions between the U.S. and China, with potential tariffs threatening profit margins [16][17] - The company is in the process of relocating some production to Vietnam and India, but this transition is lengthy and does not fully mitigate tariff risks [16] Future Outlook - Investors should monitor the upcoming fiscal third-quarter earnings report on July 31, particularly focusing on sales trends in Greater China and their impact on overall revenue [18]

Flash | 24 Jul 2025 03:00:00 ET │ 12 pages US Semiconductors AI Spending Remains Strong as Alphabet Raises Capex by $10 billion… Good for AVGO, MU, and NVDA CITI'S TAKE Yesterday after the close, Google (covered by Ronald Josey) raised their 2025 capex expectations by $10 billion, from $75 billion to $85 billion. We believe AVGO is one of the primary beneficiaries of this raised capex and would note that Google is roughly 20% of AVGO's sales. Citi continues to expect cloud data center capex to grow 35% YoY ...