Apple reported over $28.7 billion in services revenue this quarter, up from just under $25 billion in the same quarter last year. Apple CEO Tim Cook said in the earnings press release that this was an „all-time revenue record for Services.” Recent reports highlight Apple’s potential in humanoid robotics, estimating $133 billion in revenue by 2040, and showcase its record quarter with $416 billion in revenue.
Stocks were lower on Thursday in response to earnings from big IT players.
Looking to the holiday quarter, Apple’s CFO said the company expects total revenue to increase 10-12% year over year — higher than Wall Street analysts expected — and iPhone sales to grow double digits. If those growth projections hold, Apple’s CFO said it would be „our best quarter ever.” Thanks to the astronomical rise over the years, Apple split the stock again in June 2014, this time seven-for-one. Three years later, in 2017, with Tim Cook at the helm and a services business providing a bulk of revenue, Apple’s stock price is still steadily climbing. Apple periodically provides information for investors on its corporate website, apple.com, and its investor relations website, investor.apple.com.
Apple II sold at a minimum $1,298 price point, setting the stage for much bigger cash flow into a growing Apple. Zino pointed to how investors now have more clarity relating to Apple’s regulatory issues and the potential impact of tariffs. „While the market remains fixated on AI adoption and monetization, Apple proves that the old recipe still works,” Thomas Monteiro, senior analyst at Investing.com, said.
Fiscal Year Ends
Steve Jobs, the largest shareholder, made $217 million on the first day of trading. By the end of trading on that Friday afternoon, Apple’s stock price had risen by almost 32%, closing near a stock Green hydrogen stocks price of $29 and resulting in a market value of $1.778 billion for Apple. Apple’s services business, which includes revenue from iCloud, Apple TV+, and its $20 billion search engine deal with Google, among others, has long been a highlight of Tim Cook’s tenure at the helm. Cook has grown areas like Apple TV+ into household names, and the services segment’s consistent revenue growth has helped insulate Apple amid turbulence in the US smartphone market.
- Apple (AAPL) is reportedly nearing a deal with Alphabet (GOOG, GOOGL) to overhaul Siri, according to Bloomberg.
- „The advertising category, which is a combination of third-party and first-party, did set a record during the quarter,” Cook says.
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- Apple reported over $28.7 billion in services revenue this quarter, up from just under $25 billion in the same quarter last year.
- Steve Jobs’ prepared speech was reportedly interrupted several times and eventually devolved into an emotionally-charged rant about respect and betrayal.
On June 21, with Apple’s stock price at $101.25, Apple issued two shares to investors at $55.62. Market Domination host Josh Lipton examines some of Wednesday’s trending tickers. Apple (AAPL) is reportedly nearing a deal with Alphabet (GOOG, GOOGL) to overhaul Siri, according to Bloomberg. Teva (TEVA) stock rose after the company reported earnings, while Axon (AXON) stock fell after the company’s quarterly results missed estimates. To watch more expert insights and analysis on the latest market action, check out more Market Domination. Analysts also said they saw „strength” in new iPhone demand, and estimated that total iPhone unit sales could reach 57 million for the current quarter, compared to consensus estimates of 54 million.
Its services include advertising, AppleCare, cloud services, digital content and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.
And we’re off! Apple’s analyst call begins.
That number was expected to grow considerably in this most recent quarter, with Apple guiding that its tariff-related costs would be around $1.1 billion. While Tim Cook has managed to curry favor with President Donald Trump, Apple has still felt the bite of tariffs — $800 million in added costs in its fiscal third quarter, to be precise. That projection is based on „what we know right now” and where the tariff policies are currently. „We are increasing our investments in AI while also continuing to invest in our product roadmap,” Parekh says. „We are increasing our investments in AI while also continuing to invest in our product road map,” CFO Kevan Parekh said. Released in 1977, the updated model kept many of the innovative features from the duo’s first machines, like the 60 character-per-second display screen and cassette interface, while adding more memory and colors to the display.
Apple continues to show its ability to finesse its supply chain amid tariff pressures.
- Cook has grown areas like Apple TV+ into household names, and the services segment’s consistent revenue growth has helped insulate Apple amid turbulence in the US smartphone market.
- Zino pointed to how investors now have more clarity relating to Apple’s regulatory issues and the potential impact of tariffs.
- As concerns of Steve Jobs’ deteriorating health proliferated, Apple began diversifying from computers, adding consumer electronics like iPod and iPhone.
- The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts.
This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders. After Apple’s first two-for-one stock split in June 1987, shareholders received two shares at a stock price of $41.50 each for their stock which had closed the previous day at stock price of $78.50. On December 12, 1980, Apple stock began trading on the Nasdaq at $22 per share.
This price reflects trading activity during the overnight session on the Blue Ocean ATS, available 8 PM to 4 AM ET, Sunday through Thursday, when regular markets are closed. JPMorgan said it expected Apple earnings to „track modestly better” from September through the end of the year, thanks to strong demand for the iPhone 17. Asked about capex growth on Apple’s last earnings call, CFO Kevan Parekh said that „a significant portion of the driver of growth that you’re seeing now is really driven by some of our AI-related investments.” Demand for the iPhone 17 lineup appears strong, according to third-party data, with the entry-level 17 and high-end Pro models the early standouts. We’ll soon see if it managed to mitigate those costs down below that estimate — or whether the impact was worse than anticipated.
Still, „key areas of debate” among investors include the sustainability of iPhone demand due to trade policy uncertainty, as well as risks to the company’s App Store revenue, the bank said. The bank estimated that iPhone product revenue could see a 10% year-over-year increase to $50.8 billion, compared to the consensus estimate of $49.8 billion in revenue for the quarter. The bank also said it expects Apple to post solid revenue growth in the first quarter of its 2026 fiscal year.
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers and resellers. The company was formerly known as Apple Computer, Inc. and changed its name to Apple Inc. in January 2007. Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, and Wearables, Home and Accessories.
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