Apple Inc AAPL Stock Price, News, Quote & History

While Apple’s revenue grew 8% year over year to $102.5 billion, beating estimates, and EPS grew 13% year over year to $1.85, sales in China decreased from the year-ago period, missing estimates. Apple looks like it’s in a better position heading into its earnings report than it has been in a year, according to Angelo Zino, a senior equity analyst at CFRA Research. Cook, alongside other tech leaders, joined Trump for a dinner event in September. The Apple CEO addressed the president in a speech, praising his efforts to bring more manufacturing to the US.

They’ll begin by reading prepared remarks on the quarter and then open it up to a live Q&A with analysts. Cook says the success of the iPhone this quarter is credited to the “incredibly” strong iPhone 17 lineup. Cook says he “couldn’t be more pleased” with how well the iPhone 17 is being received in Greater China. “Sorry, just to be clear, both Apple’s internal advertising and within the licensing individually set records?” the analyst asks in a follow-up. “The advertising category, which is a combination of third-party and first-party, did set a record during the quarter,” Cook says.

Five years later, with Apple stock price at an ever-higher $88.99, Apple issued a third two-for-one stock split. Apple could also see its services revenue grow 13% year-over-year, thanks to continued momentum across subscription services like iCloud+ and AppleCare+, analysts added. The research firm said it believed that the company’s sales in China would pick up over the near term. Profit margins could also improve on demand for Apple’s new lineup of iPhones, analysts said, adding that they believed Apple was “getting its groove back.”

An analyst asks Cook about whether he had concerns about “search volumes decelerating at the expense of AI” and how the company thinks about the “broader sustainability of these very strong mid-teens growth rates for services.” Apple’s CFO says AI investments are expected to drive the increase in capex — which is what many other Big Tech companies are saying this earnings cycle. The iPhone 17, which had only had about a week of sales recorded in the quarterly numbers released, is “resonating around the world,” Cook said. CEO Tim Cook said he expected China revenue to return to growth in the holiday quarter, and that a supply constraint drove the 4% year-over-year decline in the region.

Analysts are optimistic about Apple’s growth trajectory, supported by strong performance in services and upcoming AI advancements. Goldman reiterated its “Buy” rating for the stock and issued a price target of $279 a share, implying 3% upside from current levels. The firm reiterated its “Buy” rating on the stock and issued a price target of $290 a share, implying 8% upside from current levels. At 5.6 millimeters — Apple’s thinnest iPhone yet — the frame comes with a smaller battery than Pro models and no physical SIM card.

Apple’s stock is trading up 3.6% after hours as the analyst call progresses.

Analysts pointed to revenues potentially increasing due to AI and its possible impact on coming product offerings. Then there are reports of new home devices and AR glasses — all of which will need good AI. Don’t expect Tim Cook to break character and start gossiping about future products, but this would be a good time for a bit of extra candor. US shoppers discovered earlier this month that the M5 Vision Pro, a refreshed model, is labeled as being a product of Vietnam.

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.

Revenue vs. Earnings

Unfortunately, the financial crisis of the late 2000’s would spell an end to Apple’s good times. As concerns of Steve Jobs’ deteriorating health proliferated, Apple began diversifying from computers, adding consumer electronics like iPod and iPhone. In May 1980, just five months before its IPO, Apple released the third generation of its computer.

HERE ARE THE KEY NUMBERS: Apple releases fiscal fourth quarter earnings report

It’s the latest example of Apple making changes to its supply chain for US-bound products to mitigate its tariff costs. While Apple’s most recent quarter will only include a week or so of sales from the 17 lineup, execs will likely provide some color on how the Air is doing so far. In the US, Counterpoint estimates that demand was strongest for the iPhone 17 Pro Max, the priciest model in the lineup, through the first two weekends of its release. China, a key market for Apple sales, continues to be a tough area for the tech giant. In this most recent quarter, revenue was $14.49 billion, down from $15.03 billion in the same period last year.

Zacks Investment Ideas feature highlights Microsoft, Nvidia, Amazon, Alphabet and Apple

• Steve Jobs, the largest shareholder, made $217 million on the first day of trading.
• To make up for what it lacks in battery life, Apple released an external battery pack alongside the iPhone Air, which costs $99.
• The company was formerly known as Apple Computer, Inc. and changed its name to Apple Inc. in January 2007.
• Apple CEO Tim Cook said in the earnings press release that this was an “all-time revenue record for Services.”
• To watch more expert insights and analysis on the latest market action, check out more Market Domination.

Analysts lifted their price target for the stock from $270 to $320 a share, implying 19% upside from Wednesday’s price. “Reiterate Buy on strong capital returns, eventual winner in AI at the edge & optionality from new products/markets,” BofA said on their rating of the stock. Apple’s newest iPhone lineup is outperforming last year’s models in both the US and China, two of its most important markets, according to data from Counterpoint Research. Sales of the iPhone 17 series were estimated to be 14% higher than those of the iPhone 16 lineup during the first 10 days on the market. But by the time the 2000 boom rolled around, Apple’s stock price skyrocketed above the $30 mark.

• Its product categories include iPhone, Mac, iPad, and Wearables, Home and Accessories.
• 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.
• While Apple’s most recent quarter will only include a week or so of sales from the 17 lineup, execs will likely provide some color on how the Air is doing so far.
• Goldman reiterated its “Buy” rating for the stock and issued a price target of $279 a share, implying 3% upside from current levels.

Apple expects to increase capex and AI investment.

Earlier this year, Tim Cook said Apple expects “the majority of iPhones sold in the US will have India as their country of origin” in the June quarter. The original Vision Pro, with an M2 chip, was manufactured in China ahead of its 2024 release. Around the same time, Apple was exploring ramping up supply chain options outside of China. Apple is also reportedly working on some AI home devices, including one with a robot arm, as well as a foldable iPhone expected to launch as soon as 2026. “These commitments build on our long-standing investments in America, while supporting more than 450,000 jobs with thousands of suppliers across all 50 states,” Cook says. “I’m not saying that. I’m just saying that the combination of the two set a record we don’t,” Cook says.

Greater China revenue misses Wall Street’s estimates — a worrying sign.

“I’m dodging the question intentionally, because we don’t split it at that level.” It’s “too early to call” the mix of demand for specific iPhone 17 models, Cook says. Cook said Apple is “making good progress” on its overhauled Siri, which has faced delays, and he expects it to launch next year. Apple’s cash cow, the iPhone, generated $49.02 billion in revenue, slightly missing Wall Street’s estimates of $49.33 billion. Steve Jobs’ prepared speech was reportedly interrupted several times and eventually devolved into an emotionally-charged rant about respect and betrayal.

The miss comes after Apple released the iPhone 17 lineup and the iPhone Air experienced delays in the region — though only about a week of iPhone 17 sales are reflected in Apple’s fiscal fourth quarter. Apple CEO Tim Cook kicks off the call with opening remarks on the growth areas and the record highs the company hit in revenues in several categories. Looking ahead to the December holiday quarter, Cook says he expects it to be the “best” yet. Apple doesn’t split Algorithmic trading strategist its own internal advertising and licensing within its ad business. Apple’s service category also includes payments from Apple’s $20 billion search deal with Apple.

Stocks were lower on Thursday in response to earnings from big IT players.

To make up for what it lacks in battery life, Apple released an external battery pack alongside the iPhone Air, which costs $99. But Apple’s battery-rich Pro models, with top-of-the-line cameras, are typically the company’s most popular, and reports have begun to emerge that Apple is cutting back on Air production. In fiscal Q3, the company reported a record high of $27.4 billion in services revenue. For this most recent quarter, Wall Street estimates that Apple will surpass that figure with $28.18 billion in revenue. “As we continue to expand our investment in AI, we’re bringing intelligence to more of what people already love about our products and services, making every experience more personal, capable, and effortless,” Cook says. In a call with analysts, Apple said it planned to increase its capex spending in the holiday quarter, driven by expanding AI investments — a theme in Big Tech earnings this quarter.

Cook says Apple is continuing its US investment with its Apple Manufacturing Academy in Detroit and the $600 billion investment it promised over the next four years. The areas of growth in the US include advanced manufacturing, silicon engineering, and artificial intelligence, the CEO says. Apple reported roughly $1.1 billion in tariff-related costs in its fiscal Q4, in line with its previous forecast.