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Apple sales surge 16% on ‘staggering’ iPhone demand
Apple expects 10% to 12% revenue growth driven by iPhone 17 sales and on-device AI despite rising costs for memory and storage components.
- On Thursday, Apple is set to report fiscal first-quarter earnings after the bell, with LSEG consensus expecting EPS: $2.67 and Revenue: $138.48 billion.
- Earlier this month, the company announced it picked Google's Gemini to run part of Apple Intelligence software, complementing new iPhone chips and on-device AI plans driving demand.
- Investors have sold off the stock, leaving it down nearly 11% since its peak on Dec. 2, while Morgan Stanley analyst Erik Woodring wrote, `We don't believe Street has embedded enough of a margin impact from rising memory costs into its FY26 estimates.`
- Jefferies analysts cautioned that AI's commercialization remains challenging with rising memory prices, while Woodring wrote, `We don't believe consensus still has adjusted to the better than expected iPhone 17 cycle, yet at the same time they haven't adjusted to higher opex and/or gross margin headwinds`.
- Apple finance chief Kevan Parekh said in October that while memory prices gave a slight tailwind, he called it "nothing really to note there"; analysts hold mixed views with a buy-equivalent $315 target and holds.
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14 Articles
14 Articles
Apple Revenue Pops 16% to Nearly $144 Billion in Year-End 2025 Quarter on iPhone 17 Sales Blitz, Services Biz Hits $30 Billion
Apple booked a record haul for the December 2025 quarter thanks to a spike in iPhone sales, while its services business hit $30 billion.
·Los Angeles, United States
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Coverage Details
Total News Sources14
Leaning Left2Leaning Right0Center6Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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