Key Stats for Apple Stock
- Pre-market Price Change for Apple stock: 2%
- $AAPL Share Price as of Oct. 30: $271
- 52-Week High: $274
- $AAPL Stock Price Target: $256
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What Happened?
Apple (AAPL) stock jumped over 2% following a strong fiscal fourth-quarter earnings report that beat Wall Street expectations on both the top and bottom lines.
The tech giant posted earnings per share of $1.85, easily surpassing analyst estimates of $1.77. Revenue came in at $102.47 billion, slightly above the consensus of $102.25 billion.
More importantly, CEO Tim Cook provided optimistic guidance for the critical holiday quarter, projecting revenue growth of 10% to 12% year-over-year, which would make it Apple’s best quarter ever.
The standout performance came from Apple’s Services division, which grew 15% to reach $28.8 billion, setting an all-time record.
This high-margin business encompasses subscriptions such as iCloud and Apple Music, App Store fees, and licensing agreements.
Mac sales also impressed, with 13% growth to $8.73 billion, driven by strong demand for the MacBook Air.
iPhone revenue of $49.03 billion came in below the $50.19 billion estimate, but Cook explained this was due to supply constraints on several iPhone 17 models rather than weak demand.
The new iPhone 17 lineup only launched on September 19, giving just over a week of sales in the quarter.
Store traffic is up significantly year-over-year, and the reception to the iPhone 17 family has been “off the charts.”
Apple stock appears poised for a strong holiday season, with the hardware behemoth expecting double-digit iPhone revenue growth in the December quarter.
The company also expects to return to growth in China after a 4% decline in Greater China revenue to $14.5 billion during the September quarter.
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What the Market Is Telling Us About AAPL Stock
The positive reaction to Apple’s earnings suggests investors are focusing on its strong guidance and Services momentum rather than the slight iPhone revenue miss.
Apple stock is trading at a reasonable valuation given its growth prospects, and the December quarter guidance significantly exceeded analyst expectations.
With supply constraints limiting sales in the September quarter, there’s pent-up demand that should flow into the current quarter.
The company’s ability to absorb $1.1 billion in tariff costs while maintaining gross margins of 47.2%, above the estimated 46.4%, demonstrates pricing power and operational efficiency.
Apple’s full fiscal year 2025 revenue of $416 billion represented 6% growth, demonstrating the company’s continued expansion despite its massive scale.
The Services business is hitting record highs with accelerating growth across most categories, providing a high-margin revenue stream that supports overall profitability.
For the December quarter, Apple expects Services to continue growing at a similar mid-teens rate, with gross margins between 47% and 48%, despite estimated $1.4 billion in tariff costs, and the strongest iPhone quarter in the company’s history.
That combination has investors betting Apple stock has more room to run heading into 2026.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
