Core Viewpoint - Apple reported record quarterly revenue but issued a warning about rising component costs impacting profit margins [1] Group 1: Financial Performance - For the second quarter of fiscal year 2026, Apple expects revenue growth of 13% to 16% year-over-year, exceeding Wall Street's previous forecast of 10% [1] - In the first fiscal quarter, Apple's gross margin reached 48.2%, surpassing both the company's guidance and analysts' expectations of 47.45% [1] - Apple's quarterly sales surged 16% to $143.8 billion, exceeding analysts' average forecast of $138.4 billion and the company's own growth target of 10% to 12% [2] Group 2: Market Challenges - Rising prices of storage chips are expected to exert pressure on hardware gross margins in the coming quarters, making the growth of high-margin service business increasingly critical [2] - Apple faces supply chain issues with the 3nm processors for iPhones and the third-generation AirPods Pro, which are independent of each other [1] - The company experienced a $1.4 billion negative impact on performance due to tariff issues during the holiday season [3] Group 3: Competitive Position - Apple has regained its position as the world's largest smartphone seller, surpassing Samsung Electronics [3] - Concerns remain about maintaining this market dominance, particularly regarding pricing strategies and the development of next-generation devices, including wearables and the anticipated foldable iPhone [3]

智通财经获悉，美东时间周四美股盘后，苹果(AAPL.US)发布了2026财年第一季度财报。在iPhone 17系列的强劲拉动下，公司假日季营收创下历史新高，大 中华区市场实现38%的同比暴涨，同时苹果还给出了超预期的第二财季营收指引，一扫此前市场对其硬件增长见顶的担忧。 业绩概览：iPhone需求"火爆"，驱动创纪录增长 财报显示，在截至2025年12月27日的第一财季，苹果总营收达到创纪录的1438亿美元，同比增长16%，远超分析师平均预期1384亿美元，也高于公司自身此 前10%-12%的增长指引。每股收益为2.84美元，同样超过市场预期的2.68美元。 作为苹果的核心营收支柱，iPhone业务在本季度迎来爆发式增长，营收达853亿美元，同比大增23%，远超分析师782亿美元的预期，创下历史最佳季度表 现。苹果CEO库克表示，iPhone17系列的市场需求"堪称火爆"，在全球所有地理区域均创下销量纪录，其中高端版本尤为畅销，成为拉动营收和利润的关 键。这一成绩也助力苹果在近几个月超越三星(SSNLF.US)，重新夺回全球智能手机市场销量第一的宝座。库克透露，目前苹果全生态设备的安装基数已达 25亿台。 大 ...

智通财经APP获悉，尽管苹果(AAPL.US)公布最新季度营收创下历史新高，且对当前季度业绩展望超出 市场预期，但公司同时发出预警，称零部件成本上涨正对利润率形成挤压风险。 在周四召开的分析师电话会议上，苹果表示，截至3月的2026财年第二季度营收预计同比增长13%至 16%，这一增幅超过华尔街此前10%的预测值，彰显出在第一财季依托iPhone实现营收暴涨后，苹果仍 能保持增长势头。 不过，存储芯片价格持续上涨的阴影为这份亮眼业绩蒙上一层阴霾。苹果首席执行官库克称，上一季度 存储芯片成本的影响微乎其微，但当前季度其对毛利率的拖累效应将进一步显现。数据显示，苹果第一 财季毛利率达48.2%，不仅高于公司自身此前给出的指引，也超过分析师预期的47.45%。 这些担忧给苹果股价带来压力。业绩公布后，苹果股价在盘后交易中波动，该股一度上涨近3.5%，但 截至发稿，涨幅已不足1%。今年以来，苹果股价已累计下跌5%，而同期标普500指数上涨了1.8%。 在节日购物季期间，得益于iPhone 17的强劲需求、服务业务的增长以及中国市场的复苏，苹果营收远 超华尔街预期。截至12月27日，季度销售额跃升16%至1438亿美元 ...

Core Insights - The focus of the recent earnings report from Apple is on the execution of its services segment, which met expectations and achieved record revenue [2][5] - The partnership with Google in the AI space is seen as a significant development that could transform Apple's business model moving forward [3][4] - Apple's performance in China has shown a notable increase, with revenue reaching $25.5 billion, allowing it to regain the top position in the market [5] Services Performance - Apple's services segment delivered inline results, contributing to overall revenue growth and setting a record [2] - The company is expected to maintain solid performance throughout the year despite the absence of a new phone refresh cycle [4] AI and Strategic Partnerships - The collaboration with Google in AI is viewed as a potential game-changer for Apple, akin to the impact of the iPhone on laptop sales [3] - There is speculation about how quickly Apple will integrate Google's Gemini into its offerings, particularly concerning Siri [8][9] Market Position and Competition - Apple's recent success in China is highlighted, but concerns remain about the sustainability of this position amid fierce competition from local manufacturers [5][6] - The cyclical nature of device sales is acknowledged, with the potential for other companies to disrupt Apple's market share [6][7] Supply Chain and Margin Considerations - Rising memory costs are a concern for Apple, which could exert pressure on margins, although the company is better positioned than many competitors to manage these challenges [15][16] - The long-term outlook suggests that the value unlocked through Apple's iOS ecosystem and AI advancements will outweigh short-term margin pressures [17]

Apple enjoyed a sharp rebound in China during the holiday period, when demand for the new iPhone 17 fueled its first $25 billion quarter in the region since the end of 2021 https://t.co/UBM5ccO7Eu ...

Core Viewpoint - Apple's Q1 FY2026 financial results significantly exceeded market expectations, driven by strong iPhone demand and a notable rebound in the Greater China market, with multiple key financial metrics reaching historical highs [3][4]. Financial Performance - Apple reported revenue of $143.76 billion, a year-over-year increase of 16%, and a net profit of $42.10 billion, up 15.9%. The diluted earnings per share were $2.84, reflecting an 18.3% increase, all surpassing market consensus [3][4]. - The stock price rose approximately 0.8% in after-hours trading following the earnings report [3]. iPhone Sales - iPhone revenue reached $85.27 billion, significantly above analyst expectations of $78.65 billion, accounting for 59.3% of total revenue and setting sales records across all geographic regions [4][5]. - Year-over-year, iPhone revenue grew by 23%, marking the largest quarterly scale in the company's history. The iPhone 17 series upgrades in camera features and performance spurred a substantial number of upgrades from older models [5]. Greater China Market - The Greater China region showed remarkable performance with revenue increasing by 38% year-over-year to $25.53 billion, well above market expectations. The iPhone set sales records in China, contributing to a double-digit growth in users switching from Android devices to Apple [5]. Services Business - Apple's services revenue surpassed $30 billion for the first time, reaching $30.01 billion, with a gross margin of 76.5%, significantly higher than the hardware business's 39.4% gross margin [5]. - The overall gross margin for the company increased to 48.2%, up 1.3 percentage points from the previous year, driven by the expansion of software and subscription services [5]. Cash Flow and Shareholder Returns - Operating cash flow for the quarter was $53.93 billion, a nearly 80% year-over-year increase. The company returned nearly $32 billion to shareholders through stock buybacks of $24.70 billion and dividends of $3.92 billion [6]. Hardware Business Challenges - Despite strong overall performance, there are concerns regarding potential pressures on hardware business margins in the medium term due to inflation affecting consumer purchasing power and ongoing memory chip shortages [8]. - Mac revenue was $8.39 billion, slightly below expectations, while iPad sales reached $8.6 billion, exceeding market forecasts. Wearables, home, and accessories revenue fell short of expectations due to supply constraints on AirPods Pro 3 [8]. AI and Acquisitions - Apple confirmed the acquisition of Israeli AI startup Q.ai, although the transaction amount was not disclosed. This acquisition aligns with Apple's ongoing efforts to enhance its AI capabilities [9].

Market Overview - Major indexes closed off session lows, with the Dow up +55 points (+0.11%) and the S&P 500 down -0.13%. The Nasdaq fell -172 points (-0.72%) before recovering somewhat [1] Microsoft (MSFT) - Microsoft experienced a significant sell-off due to higher-than-anticipated AI spending and OpenAI exposure, resulting in a market cap loss of -$430 billion in one day. Despite beating earnings expectations for fiscal Q2, the outlook on AI spending appears riskier [2][8] Meta Platforms (META) - In contrast to Microsoft, Meta Platforms saw a +10.4% increase in stock price, benefiting from its AI investments in advertising and marketing, which are yielding gains in the social media space [3] Apple (AAPL) - Apple outperformed expectations in its fiscal Q3 report, with earnings of $2.84 per share surpassing the $2.65 consensus. Revenues reached $143.76 billion, exceeding expectations and showing a +16% year-over-year increase. iPhone sales rose +23% year-over-year to $85.27 billion, driven by a +38% surge in China sales [4][5] Visa (V) - Visa reported earnings of $3.17 per share, beating estimates by three cents, with revenues of $10.9 billion, a +15% increase from the previous year. However, concerns about future growth arise from proposed caps on credit card rates [6] SanDisk (SNDK) - SanDisk posted a remarkable earnings beat of $6.20 per share compared to the anticipated $3.54, with revenues of $3.03 billion. The company provided optimistic next-quarter earnings guidance of $12-14 per share, significantly higher than the Zacks consensus of $5.36. SanDisk's Data Center business saw a +64% growth quarter over quarter [7]

苹果公司周四公布了远超预期的第一财季业绩，并预计在第二财季也将实现至多16%的营收增长。 该公司表示，如果能够获得足够的芯片来满足客户对 iPhone 的需求，那么第一财季的销售业绩将会更 加出色。 苹果首席财务官凯文·帕雷克在财报电话会议上对分析师表示："我们预计公司3月当季（第二财季）的 营收将同比增长 13%至 16%，这涵盖了我们对该季度 iPhone 供应受限情况的最乐观估计。" 在财报电话会议上，分析师们向CEO蒂姆·库克提出了几个关于苹果内存组件供应情况的问题。由于与 AI数据中心所需芯片相关的市场需求激增，内存组件的价格大幅上涨，从而导致了内存短缺的情况。 库克并未过多纠结于过去，而是将重点放在了不断增长的需求以及公司较低的库存上。他表示，阻碍公 司生产更多 iPhone 的因素在于苹果公司获取先进节点制造技术的能力，用于其 A 系列和 M 系列芯片 （该公司称之为 SoC，即系统上芯片）。 苹果使用台积电生产的先进节点芯片。台积电公司在高端节点制造领域占据着主导地位。 库克表示："我们所面临的限制因素是由我们所使用的先进芯片制造工艺节点的可用性所决定的。目 前，我们看到供应链的灵活性比往常要 ...

Apple on Thursday evening reported a blowout holiday quarter, driven by a 23% increase in iPhone sales. A strong revenue guide for the current March quarter suggests this strong device cycle will continue. Revenue in Apple's fiscal 2026 first quarter, which ended back on Dec. 27, rose 16% year over year to $143.76 billion, exceeding the $138.48 billion consensus estimate compiled by LSEG. Earnings per share of $2.84 increased 18% year over year, beating the $2.67 consensus estimate, according to LSEG. AAPL ...

Core Insights - Apple reported a revenue of $143.76 billion for the quarter ended December 2025, marking a 15.7% increase year-over-year and exceeding the Zacks Consensus Estimate by 4.32% [1] - The earnings per share (EPS) for the quarter was $2.84, up from $2.40 in the same quarter last year, representing a surprise of 7% over the consensus estimate of $2.65 [1] Revenue Performance - Greater China revenue reached $25.53 billion, surpassing the average estimate of $21.91 billion, with a year-over-year increase of 37.9% [4] - Europe generated $38.15 billion, exceeding the estimate of $36.59 billion, reflecting a 12.7% year-over-year growth [4] - Revenue from the Rest of Asia Pacific was $12.14 billion, above the estimated $11.39 billion, showing an 18% increase year-over-year [4] - Japan's revenue was $9.41 billion, slightly below the estimate of $9.5 billion, with a year-over-year growth of 4.7% [4] - The Americas contributed $58.53 billion, slightly below the estimate of $58.85 billion, with an 11.2% year-over-year increase [4] Sales by Category - iPhone sales amounted to $85.27 billion, significantly exceeding the estimate of $78.03 billion, with a year-over-year increase of 23.3% [4] - Services generated $30.01 billion, matching the average estimate, and reflecting a 13.9% year-over-year growth [4] - Wearables, Home and Accessories sales were $11.49 billion, below the estimate of $12.19 billion, showing a decline of 2.2% year-over-year [4] - Mac sales were $8.39 billion, below the estimate of $9.07 billion, representing a decrease of 6.7% year-over-year [4] - iPad sales reached $8.6 billion, slightly above the estimate of $8.49 billion, with a year-over-year increase of 6.3% [4] - Total net sales for products were $113.74 billion, exceeding the estimate of $107.77 billion, with a year-over-year increase of 16.1% [4] Market Performance - Over the past month, Apple's shares have returned -5.7%, while the Zacks S&P 500 composite has increased by 0.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]