CONCLUDED Apple Earnings: Stock Rises After Solid Report—and Despite Some Misses Last Updated: 1 hour ago Apple Cash Return Nears $1 Trillion Customer Center Network Cryptocurrencies Data Magazine Markets Stock Picks Barron's Live Roundtable Barron's Stock Screen Personal Finance Streetwise Advisor Directory By Adam Levine Apple paid $15.4 billion in dividends in fiscal-year 2025, and spent another $90.7 billion on buybacks. That brings the company's total cash return since 2012 to $994 billion. It will lik ...

Financial Data and Key Metrics Changes - The company reported revenue of $102.5 billion, an 8% increase year-over-year, marking a September quarter record [4][20] - Earnings per share (EPS) reached $1.85, a 13% increase year-over-year on an adjusted basis [21] - Gross margin was 47.2%, up 70 basis points sequentially, exceeding guidance [21] - Net income was $27.5 billion, setting a September quarter record [21] Business Line Data and Key Metrics Changes - iPhone revenue was $49 billion, up 6% year-over-year, driven by the iPhone 16 family [10][22] - Mac revenue increased to $8.7 billion, a 13% year-over-year growth, primarily due to the MacBook Air [11][22] - iPad revenue remained flat at $7 billion year-over-year, facing tough comparisons from previous launches [12][23] - Wearables, home, and accessories revenue was $9 billion, flat year-over-year, with strong performance from Apple Watch and AirPods [12][24] - Services revenue reached an all-time high of $28.8 billion, up 15% year-over-year, with double-digit growth across most categories [14][25] Market Data and Key Metrics Changes - The company achieved revenue records in numerous markets, including the U.S., Canada, Latin America, Western Europe, and emerging markets [4][5] - India saw an all-time revenue record, reflecting strong demand in emerging markets [4][22] - Customer satisfaction for iPhone in the U.S. was reported at 98%, while Mac satisfaction was at 96% [22][23] Company Strategy and Development Direction - The company is focusing on innovation and expanding its product lineup, particularly in AI and health features [6][9][17] - A commitment to invest $600 billion over the next four years in the U.S. is aimed at advanced manufacturing and AI [17][18] - The company is enhancing its services portfolio, with a focus on organic growth and expanding its active device install base [25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for the December quarter, expecting revenue growth of 10% to 12% year-over-year [29] - The company anticipates strong demand for the iPhone 17 family, despite supply constraints [10][22] - Management noted that the advertising category set a record during the quarter, indicating strong performance in services [65] Other Important Information - The company opened new stores in emerging markets and redesigned existing locations, enhancing customer engagement [16] - The company is committed to sustainability, using more recycled materials in its products [17] Q&A Session Summary Question: What is driving the success of the iPhone 17? - Management attributed the success to a strong product lineup and innovative features, making it the strongest iPhone lineup ever [33] Question: How is the company managing component cost inflation? - The procurement team is actively finding cost-saving opportunities, and there is a slight tailwind on memory and storage prices [34][36] Question: What is the outlook for iPhone sales in China? - Management reported strong store traffic and positive reception for the iPhone 17 family, expecting growth in Q1 [42] Question: What drove the strong services revenue growth? - The strong performance was attributed to organic growth across various categories, with no significant tax-related impacts [46] Question: How is the company addressing supply constraints for iPhones? - Management clarified that constraints were due to underestimating demand rather than manufacturing capacity [85] Question: What role do subsidies play in consumer demand in China? - Subsidies positively influence demand, but they only apply to certain price ranges of products [70] Question: How does the company view the impact of AI on consumer behavior? - Management sees opportunities for AI to enhance the App Store and improve app features, benefiting both developers and Apple [86]

Financial Data and Key Metrics Changes - The company reported revenue of $102.5 billion, an 8% increase year-over-year, marking a September quarter record [4][20] - Earnings per share (EPS) reached $1.85, a 13% increase year-over-year on an adjusted basis [21] - Net income was $27.5 billion, setting a September quarter record [21] - Gross margin was 47.2%, up 70 basis points sequentially, driven by a favorable mix [21] Business Line Data and Key Metrics Changes - iPhone revenue was $49 billion, up 6% year-over-year, with strong demand despite supply constraints [10][22] - Mac revenue increased to $8.7 billion, a 13% year-over-year growth, driven by the MacBook Air [11][22] - iPad revenue remained flat at $7 billion year-over-year, facing tough comparisons from previous launches [12][23] - Wearables, home, and accessories revenue was $9 billion, flat year-over-year, with growth in Apple Watch and AirPods [12][24] - Services revenue reached an all-time high of $28.8 billion, a 15% increase year-over-year [14][25] Market Data and Key Metrics Changes - The company achieved revenue records in the Americas, Europe, Japan, and the rest of Asia-Pacific [20] - Emerging markets, including India, saw significant revenue growth, with India achieving an all-time revenue record [4][5] - Customer satisfaction for iPhone in the U.S. was reported at 98%, while Mac satisfaction was at 96% [22][23] Company Strategy and Development Direction - The company is focusing on innovation and expanding its investment in AI, committing $600 billion over the next four years [17][18] - New product launches, including the iPhone 17 and M5 chip, are expected to drive future growth [6][8] - The company aims to enhance user experiences through new features and a unified software design across platforms [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming December quarter, expecting it to be the best ever for the company and iPhone [5][29] - The company anticipates revenue growth of 10%-12% year-over-year for the December quarter [29] - Management acknowledged supply constraints but indicated strong demand for iPhone models [10][86] Other Important Information - The company returned $24 billion to shareholders during the quarter, including $3.9 billion in dividends [28] - The company ended the quarter with $132 billion in cash and marketable securities [28] Q&A Session Summary Question: What is driving the success of the iPhone 17? - Management attributed the success to a strong product lineup and features that resonate with consumers [32][33] Question: How is the company managing component cost inflation? - The procurement team is actively finding cost opportunities, and there is a slight tailwind on memory and storage prices [34][36] Question: What is the outlook for iPhone in China? - Management reported significant store traffic and positive reception for the iPhone 17 family, expecting growth in Q1 [41][42] Question: What drove the strong services revenue growth? - The strong performance was attributed to organic growth across various categories, with no tax-related impacts [43][46] Question: What are the expectations for gross margins in the December quarter? - Management expects gross margins to be between 47% and 48%, driven by favorable product mix [57][58] Question: How is the company addressing supply constraints for iPhones? - Management clarified that constraints were due to underestimating demand rather than manufacturing capacity [86] Question: What role do subsidies play in consumer demand in China? - Subsidies have a favorable effect on demand, particularly for certain price ranges [70] Question: How is the company leveraging AI in its products? - Management highlighted opportunities for AI in the App Store and ongoing development of Apple foundation models [87][100]

Welcome back to Market on Close. I'm Sam Bis on the floor of the New York Stock Exchange alongside Marley Kaden in our Chicago headquarters. Let's talk more about this report out from Apple with our next guest.That is Matt Mey who's the chief market strategist at Miller Tabac. Thank you so much for your time, Matt. Really nice to see you.What do you think of the quarter for Apple. >> Well Sam, you know the uh you know it seemed like a pretty good pretty good quarter. I mean the thing that I that talking to ...

Financial Data and Key Metrics Changes - Company reported revenue of $102.5 billion, an increase of 8% year over year, setting a September quarter record [3][18] - Earnings per share (EPS) reached $1.85, marking a record for the September quarter [3][19] - Gross margin was 47.2%, up 70 basis points sequentially, exceeding guidance [19][29] - Net income was $27.5 billion, with operating cash flow also reaching a September quarter record of $29.7 billion [19][26] Business Line Data and Key Metrics Changes - iPhone revenue was $49 billion, up 6% year over year, driven by strong demand despite supply constraints [9][20] - Mac revenue increased to $8.7 billion, up 13% year over year, primarily due to the popularity of the MacBook Air [10][21] - iPad revenue remained flat at $7 billion year over year, facing tough comparisons from previous launches [11][22] - Wearables, home, and accessories revenue was $9 billion, flat year over year, with strong performance from Apple Watch and AirPods [12][23] - Services revenue reached an all-time high of $28.8 billion, up 15% year over year, with double-digit growth across most categories [13][24] Market Data and Key Metrics Changes - Company achieved revenue records in multiple markets, including the U.S., Canada, Latin America, Western Europe, and emerging markets like India [3][4] - Strong growth was noted in both developed and emerging markets, with significant records set in India [3][4][18] Company Strategy and Development Direction - Company is focusing on innovation and expanding its product lineup, particularly in AI and health features [4][8][16] - Plans to invest $600 billion over the next four years in the U.S., emphasizing advanced manufacturing and AI [16][17] - The company aims to enhance customer engagement and satisfaction through new features and services [8][24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for the December quarter, expecting it to be the best ever for the company and iPhone [4][27] - The company anticipates revenue growth of 10% to 12% year over year for the December quarter [27][29] - Management highlighted strong customer satisfaction levels, with 98% for iPhone and 96% for Mac in the U.S. [21][22] Other Important Information - The company is increasing investments in AI and product development, with a focus on enhancing user experiences [16][44] - The launch of new products, including the M5 chip, is expected to drive future growth [5][7] Q&A Session Summary Question: What is driving the success of the iPhone 17? - Management attributes the success to a strong product lineup and features that resonate with consumers [30][31] Question: How is the company managing component cost inflation? - The procurement team is actively finding cost-saving opportunities, and recent trends in memory prices are favorable [31][32] Question: What is the outlook for iPhone sales in China? - Management noted strong reception for the iPhone 17 family and expects to return to growth in Q1 [33][40] Question: What are the drivers behind the acceleration in services revenue? - The growth is attributed to organic performance across various categories, with no significant external factors impacting it [34][35] Question: How does the company view the impact of AI on consumer behavior? - Management believes AI capabilities are becoming a factor in purchasing decisions, though it's still early to quantify its impact [55]

Jean, great to have you with us. And you've been on both of the calls. I don't know how you do it.Um, but from Apple specifically, you're saying that they're they're being a lot more specific about things, which is a good sign. >> Yeah, Melissa, if you we go back to 2019, that's the last time they would give like really detailed iPhone guidance. And then, of course, during the pandemic, they pulled that and then they kind of started to slowly give more guidance uh but that not to the product level detail.An ...

Core Insights - Apple Inc. reported a net profit of $27.5 billion for the quarter ended September 27, 2025, driven by strong demand for the iPhone 17 and growth in its services business [1] - Revenue reached $102.5 billion, an 8% year-on-year increase, surpassing Wall Street estimates of $102.24 billion [1] - Earnings per share were $1.85, exceeding expectations of $1.77 [1] iPhone Sales Performance - Initial sales of the iPhone 17 series contributed significantly to growth, with iPhone revenue totaling $49.03 billion, a 6% increase from the previous year [2] - The iPhone 17 series, despite lacking advanced AI features, attracted buyers due to its redesigned models and new "liquid glass" display [2] - iPhone revenue fell short of analyst expectations of $50.19 billion and the previous quarter's 13% growth [2] Regional Performance - Sales in Greater China decreased to $14.49 billion, missing estimates of $16.24 billion due to regulatory delays affecting the iPhone 17 Air launch [3] - The delay was attributed to the device's exclusive use of e-SIM for wireless connectivity [3] Services Segment Growth - The services business generated a record $28.75 billion, exceeding expectations of $28.17 billion [4] - CEO Tim Cook highlighted customer loyalty and growing digital engagement as key factors for the services segment's success [4] Other Product Segments - Mac sales reached $8.73 billion, slightly above the expected $8.59 billion [5] - iPad sales were $6.95 billion, slightly below the expected $6.98 billion [5] - Wearables and accessories generated $9.01 billion, surpassing expectations of $8.49 billion [5] - Despite trade pressures from US tariffs on devices made in India and China, Apple maintained its pricing strategy on new models [5] Market Reaction - Apple's stock rose in after-hours trading as investors responded positively to the stronger-than-expected results and resilient consumer demand ahead of the holiday season [6]

Core Insights - Apple's Q4 earnings report shows an EPS of $1.85, surpassing the street estimate of $1.77, while revenue reached $102.47 billion, slightly above the expected $102.19 billion [1] - Greater China revenue was $14.49 billion, falling short of the street's expectation of $16.43 billion, indicating a significant miss in this key market [1][4] - iPhone revenue was reported at $49.03 billion, a 6% year-over-year increase, but below the consensus estimate of $49.33 billion [1][11] - Services revenue reached $28.75 billion, exceeding expectations of $28.18 billion, indicating strong growth in this higher-margin segment [3][12] Revenue Breakdown - Mac revenue was $8.73 billion, slightly above the street estimate of $8.55 billion [2] - Wearables, home, and accessories generated $9.01 billion, outperforming the expected $8.6 billion [3] - Services continue to show robust growth, with projections of 12-13% consistent growth into 2026, despite earlier concerns regarding potential growth sustainability [13][14] Market Commentary - The commentary for the upcoming December quarter is anticipated to be crucial, especially regarding inventory levels and sell-through rates in China [4][6] - Investors are particularly focused on the tone and enthusiasm from CEO Tim Cook regarding the company's performance in China and the overall holiday quarter outlook [5][7] - There is skepticism regarding Apple's AI strategy, with expectations that more information will be revealed in future developer conferences [9][10]

Core Insights - Apple reported fiscal Q4 earnings of $1.85 per share on sales of $102.5 billion, surpassing analyst expectations of $1.78 per share and $102.2 billion in sales [2][4] - Year-over-year, Apple's adjusted earnings increased by 13% and sales rose by 8% [2] - The company anticipates a revenue increase of 10% to 12% for the current quarter, projecting a midpoint revenue of $138 billion [4] Financial Performance - Services revenue grew by 15% year-over-year to $28.75 billion, accounting for 28% of total revenue [3] - iPhone sales increased by 6% to $49 billion, representing 48% of total revenue [3] - Mac computer sales rose by 13% to $8.7 billion, while iPad and Wearables sales remained flat [3] Market Reaction - Following the earnings report, Apple stock rose by 3.5% in after-hours trading, reaching $281.01, after a regular session close of $271.40 [5] - The market capitalization of Apple is now $4.03 trillion, with an intraday record high of $274.14 [5][6] Future Outlook - CEO Tim Cook highlighted a strong product lineup heading into the holiday season [5] - Analysts forecast earnings of $2.54 per share for fiscal Q1, reflecting a 6% increase [4]

Core Insights - The article discusses the importance of enabling Javascript and cookies in browsers to ensure proper functionality and access to content [1] Group 1 - The article emphasizes that users may face access issues if ad-blockers are enabled, suggesting the need to disable them for a better experience [1]