来源：环球网 【环球网科技综合报道】1月30日消息，据CNBC报道，在近日举行的苹果公司财报电话会议上，分析 师就当前内存组件供应紧张及价格飙升问题向首席执行官蒂姆·库克展开提问。受人工智能数据中心需 求激增推动，全球内存市场出现短缺，价格持续走高，引发业界对科技企业供应链稳定性的广泛关注。 财务数据方面，苹果预计2024年3月季度毛利率将维持在48%至49%区间，中枢值较2023年12月季度有 所提升。库克解释称，内存涨价对12月季度业绩影响"微乎其微"，但预计对3月季度的影响将更为显 著。（青山） 库克在回应中未过度聚焦内存议题，而是强调公司正面临更核心的芯片制造瓶颈。他指出，iPhone等产 品产能受限的主因并非内存，而是A系列与M系列系统级芯片（SoC）的先进制程产能不足。目前，苹 果完全依赖台积电（TSMC）的3纳米等尖端工艺生产此类芯片，而台积电在先进制程市场的主导地位 导致供应链灵活性降低。"我们受制于先进节点的可用性，需求激增下供应链调整空间较以往更小。"库 克坦言。 针对内存价格波动，库克承认其将对苹果成本结构产生影响，但拒绝透露具体应对策略，仅表示公司正 评估"一系列方案"以缓解压力。他强 ...

Core Insights - Apple reported strong financial results for Q1 of FY2026, with revenue of $143.76 billion, a 16% year-over-year increase, and net income of $42.10 billion, up 15.9% [1][3] - The diluted earnings per share (EPS) reached $2.84, reflecting a 19% increase compared to the previous year, exceeding market expectations across all key metrics [1][3] Group 1: Business Performance - The iPhone business achieved record sales globally, driven by unprecedented demand, particularly for high-end models and increased penetration in emerging markets [3] - Service revenue grew by 14% year-over-year, reaching a new historical high, highlighting the stickiness of Apple's ecosystem [3] - Apple's active device installations surpassed 2.5 billion, with over 150 million new devices added compared to the previous year, supporting the expansion of service revenue [3] Group 2: Financial Metrics - The gross margin for the quarter was 47.5%, an increase of 1.2 percentage points year-over-year, attributed to supply chain optimization and a higher proportion of high-margin services [3] - Despite rising component costs, Apple effectively mitigated profit impacts through diversified procurement strategies and product mix adjustments [3] Group 3: Market and Strategic Initiatives - In the Chinese market, iPhone sales experienced year-over-year growth despite increased competition, with significant growth in service revenue [4] - Apple plans to increase R&D investments in China and deepen local ecosystem collaborations [4] - The company is accelerating the application of generative AI technology, with the first AI feature updates expected later this year, emphasizing integration across all product lines [4]

Core Insights - Apple Inc. reported a record revenue of $143.8 billion for the holiday quarter, exceeding Wall Street estimates of $138.4 billion, driven by strong demand for the iPhone 17, growth in services, and a rebound in China [1][5] - The iPhone generated $85.3 billion in revenue, surpassing the estimate of $78.3 billion, with a year-over-year growth of 23% [6] - Services revenue reached $30 billion, reflecting a 14% increase from the previous year, aligning with market expectations [6] Revenue Breakdown - Total revenue for the holiday quarter increased by 16% compared to the previous year [1] - Revenue from China was reported at $25.5 billion, marking a significant 38% increase year-over-year, exceeding Wall Street's projection of $21.8 billion [5] - The Mac segment saw a decline in revenue, falling 6.7% to $8.39 billion, which was below the expected $9.13 billion [7] Market Position and Future Outlook - Apple regained its position as the No. 1 smartphone seller globally, surpassing Samsung Electronics [3] - The company faces uncertainty in maintaining its market dominance, particularly regarding pricing strategies and the development of next-generation devices [4] - The wearables segment showed sluggish performance, with sales declining 2.2% to $11.5 billion, falling short of the $12.1 billion expectation [7]

Summary of Apple Inc. (AAPL) Conference Call Company Overview - **Company**: Apple Inc. (AAPL) - **Market Cap**: $3.8 trillion - **Current Price**: $258.28 - **Target Price**: $330.00 - **Upside Potential**: 27.8% [1][24] Key Financial Highlights - **F1Q26 EPS**: $2.84, beating GS/consensus estimates of $2.66/$2.67 [1][17] - **Total Revenue**: $143.8 billion, exceeding GS/consensus of $137.4 billion/$138.4 billion [1][22] - **iPhone Revenue**: $85.3 billion, a 23% year-over-year increase, surpassing GS/consensus of $78.0 billion/$78.2 billion [1][22] - **Services Revenue**: $30.0 billion, a 14% year-over-year growth, in line with expectations [1][22] - **Gross Margin**: Achieved record gross margins of 48.2%, above consensus of 47.4% [1][18] - **Operating Expenses (opex)**: Expected to be $18.4-$18.7 billion, marking the first quarter-over-quarter increase in opex [1][19] Growth and Demand Insights - **iPhone Demand**: Strong global demand, particularly in China with a 38% year-over-year revenue increase [1][16] - **Product Mix**: Favorable revenue mix with higher contributions from Services and iPhone [1][18] - **Supply Constraints**: Advanced 3nm SOC constraints may delay the launch of iPhone 18 and iPhone Air 2 to Spring 2027 [1][16] Future Guidance - **F2Q26 Revenue Growth**: Expected between 13-16% year-over-year, beating consensus of 10% [1][19] - **Gross Margin Outlook**: Anticipated to be between 48-49%, reflecting the impact of rising memory costs [1][19] - **Services Growth**: Expected to maintain a growth rate similar to F1Q26 at 14% year-over-year [1][19] Risks and Challenges - **Consumer Demand**: Potential weakening due to macroeconomic conditions, impacting iPhone upgrade cycles [1][25] - **Supply Chain Disruption**: Risks associated with geopolitical tensions affecting global trade [1][26] - **Intensifying Competition**: Competing in various sectors with significant investment from rivals [1][27] - **Regulatory Risks**: Increased scrutiny in major markets could impact competitive advantages [1][28] Investment Thesis - **Buy Rating**: AAPL is rated as a Buy, with a focus on the strength of the Apple ecosystem and revenue visibility [1][32] - **Services Growth**: Expected to drive gross profit growth over the next five years, supporting a premium valuation [1][32] - **Recurring Revenue Opportunity**: The durability of Apple's installed base is expected to enhance revenue growth through increased service and product attachments [1][32] Conclusion Apple Inc. continues to demonstrate strong financial performance with robust iPhone demand and record gross margins. The company is well-positioned for future growth, although it faces risks related to consumer demand and supply chain challenges. The investment thesis remains positive, emphasizing the strength of the Apple ecosystem and the potential for service-driven revenue growth.

Group 1 - The core viewpoint of the article is that Apple Inc. is expecting a revenue growth rate of up to 16% for the quarter ending in March, surpassing market expectations due to strong iPhone demand, a significant recovery in the Chinese market, and accelerated growth in the Indian market [1] Group 2 - Apple's performance during the holiday season exceeded expectations, with CEO Tim Cook stating that the demand for the latest iPhone models was "incredible," leading to record quarterly performance [2] - For the fiscal quarter ending December 27, 2025, Apple reported a 16% year-over-year revenue growth, with iPhone sales revenue increasing by 23%, both exceeding analyst expectations by nearly 4% and 9% respectively, and surpassing the company's guidance of 10%-12% [2] - Earnings per share (EPS) also reached a record high, exceeding analyst expectations by over 6%, while service business revenue achieved a new quarterly high for the first time in three years [2] - The iPhone 17 series contributed to sales growth in key markets, alleviating investor concerns about stagnation in hardware sales, despite previous setbacks and competition leading to talent loss [2] - CFO Luca Maestri noted that a surge in Chinese consumers purchasing the iPhone 17 has driven a trend of upgrading Apple products or switching from competitors, marking a recovery in the Chinese market after two years of fluctuating sales due to intense competition from local brands like Huawei [2] Group 3 - Following the earnings announcement, Apple's stock price initially rose by 3.5% in after-hours trading but later narrowed the gains, ultimately closing up by 0.8% [3]

在1月29日的发布会上，小米正式推出了REDMI Turbo5系列，首次迎来Max版本，宣告其不再满足于中端"卷王"，意图实现全面突破。 根据REDMI手机在官微上发布的首销战报，REDMI这款Max新机发布仅2小时，就刷新了2K-3K价位段的新机首销记录，市场表现非常出色。 虽然小米称是2-3K档，实际上REDMI Turbo5 Max最低在千元价位就能拿下，是一款"千元机"。 REDMI Turbo5 Max的热销，在于其坚持了非常残暴的性价比。 面对内存价格的疯涨，小米在行业内率先推出了10亿内存补贴，结合国补之后，让REDMI Turbo5 Max依旧成为了一款"千元机"。 REDMI Turbo5 Max首销期间全版本直降300元，12+256G到手价1869.15元。512G版本额外再减200元，顶配16+512G也只要2379.15元，相当于直降近千元。 核心性能上，REDMI Turbo5 Max全球首发天玑9500s处理器，这是Turbo系列首次采用发哥的顶级9系处理器，安兔兔跑分高达361万，堪称千元机的性能天 花板。 天玑9500s采用3nm工艺与全大核架构。实测安兔兔跑分超324万，在 ...

Core Insights - Apple reported a record-breaking quarter, with significant growth in revenue and earnings, highlighting the importance of Apple Intelligence as a business lever and its partnership with Google for AI development [1][7] Group 1: Financial Performance - Apple achieved quarterly revenue of $143.8 billion, representing a 16% year-over-year increase, with diluted EPS of $2.84 [7] - iPhone revenue reached $85.3 billion, up 23% year-over-year, while Services revenue hit an all-time high of approximately $30 billion, increasing by 14% [7] - Sales in greater China surged to $25.5 billion, marking a 38% year-over-year growth, primarily driven by iPhone sales [7] Group 2: Apple Intelligence and AI Strategy - Apple Intelligence is framed as an operating-system-level capability rather than a standalone product, aimed at enhancing the overall ecosystem and monetization opportunities across hardware and services [3][4] - CEO Tim Cook emphasized that the integration of AI features is designed to be personal and private, enhancing user experience without necessarily being tied to a direct revenue model [4] - The potential for revenue growth from AI is linked to improvements in discovery, shopping, customer service, and in-app conversions, which could lead to increased device upgrades and service engagement [4] Group 3: Partnership with Google - Apple announced a partnership with Google, selecting it for its AI technology capabilities while ensuring privacy standards are maintained [5] - Cook stated that Google's AI technology provides a strong foundation for Apple's future developments, although specific deal terms were not disclosed [5] Group 4: Payment Security - Apple Pay reportedly eliminated over $1 billion in fraud for partners in the previous year, with plans to expand the service into more markets [6] - The company is focusing on device-centric security and network tokenization to reduce fraud, indicating ongoing investment in payment security measures [6]

REDMI 大屏平板新品上线，全金属机身，7.5mm + 610g，骁龙 7s Gen4 。还有12.1 英寸 2.5K 护眼柔光 屏配120Hz 高刷，12000mAh 超大电池，杜比四扬这样的旗舰机配置，甚至，还保留了3.5mm耳机口这 种珍贵的接口。 REDMI 大屏平板新品上线，全金属机身，7.5mm + 610g，骁龙 7s Gen4 。还有12.1 英寸 2.5K 护眼柔光 屏配120Hz 高刷，12000mAh 超大电池，杜比四扬这样的旗舰机配置，甚至，还保留了3.5mm耳机口这 种珍贵的接口。 ...

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Apple delivered the goods in its holiday quarter, ringing up billions more than expected in global iPhone sales and in its China business, while beefing up its already impressive profit margins and boasting more than 2.5 billion active Apple devices worldwide. It was a reminder of CEO Tim Cook’s unparalleled mastery of the controls that keep the $3.8 trillion company humming. But it was also a reminder of the challenges Apple faces, and the limits of the company’s leadership in a changing market. Apple ...