What is the market's earnings forecast for Apple next quarter?

What is Apple's gross profit margin?

What does Apple do and what are its main business segments?

What is the revenue and EPS growth rate for Apple year over year?

What is Apple's latest dividend and current dividend yield?

What factors drove the changes in Apple's revenue and profit?

What were the key takeaways from Apple's earnings call?

What were the key takeaways from Apple’s earnings call?

- **Revenue Record**: $143.8 billion (+16% YoY), fueled by 23% iPhone growth and 14% Services expansion.
- **China Surge**: 38% YoY growth, driven by iPhone upgraders and switchers.
- **AI Collaboration**: Google partnership to enhance Apple Intelligence, with personalized AI features coming in 2026.
- **Gross Margin Resilience**: 48.2% GM, up 100bps QoQ, despite memory cost pressures.
- **Supply Constraint**: Q2 iPhone shipments limited by advanced node SoC supply, with demand outpacing forecasts.
- **Services Momentum**: All-time highs in advertising, music, and cloud services, with 2.5 billion active devices driving growth.

**【CEO Summary Section】**
- **Record Revenue**: Q1 2026 revenue of $143.8 billion, up 16% YoY, driven by iPhone, Services, and emerging markets.
- **iPhone Dominance**: iPhone revenue $85.3 billion (+23% YoY), with all-time records across geographies. iPhone 17 family and Air models saw unprecedented demand.
- **China Growth**: Greater China revenue up 38% YoY, led by iPhone upgraders and switchers.
- **AI Innovation**: Collaboration with Google on Apple Foundation Models to enhance Apple Intelligence features, with plans for personalized AI experiences.
- **Installed Base Expansion**: 2.5 billion active devices, with new highs in Wearables, Mac, and iPad installed bases.

**【CFO Financial Commentary】**
- **Gross Margin Strength**: 48.2% (up 100bps QoQ), driven by favorable mix and leverage. Products GM 40.7% (+450bps QoQ), Services GM 76.5%.
- **Operating Expenses**: $18.4 billion (+19% YoY), driven by R&D investments in AI and silicon.
- **Q2 Guidance**: Revenue growth 13-16% YoY, gross margin 48-49%, constrained by iPhone supply.
- **Cash Return**: $32 billion returned to shareholders in Q1, including $25 billion in buybacks.

**【Q&A Highlights】**
- **Supply Constraints**: iPhone constrained by advanced node SoC supply, with demand exceeding expectations. Memory costs expected to impact Q2 GM.
- **China Momentum**: Strong consumer sentiment and new product adoption in India, with double-digit growth in installed base.
- **AI Monetization**: Long-term opportunities in services, driven by 2.5 billion active devices. Collaboration with Google to enhance Siri capabilities.
- **Services Growth**: All-time records in advertising, music, and cloud services, with App Store transacting accounts at all-time highs.
- **Mac Performance**: Despite YoY decline, Mac installed base reached new high, with nearly half of buyers new to the product.


Apple Inc. (AAPL) Q1 2026 Earnings Call Transcript

- **Revenue Records Across Segments**: Q4 2025 revenue up 8% YoY to $102.5B, with iPhone, Mac, and Services all setting records.
- **iPhone 17 Dominance**: Despite supply constraints, iPhone revenue +6% YoY, with upgraders hitting a September quarter record.
- **AI-Driven Innovation**: M5 chip-powered devices and Apple Intelligence features driving engagement, with Services revenue surpassing $100B FY25.
- **China Recovery**: Store traffic up YoY, with iPhone 17 family seeing strong reception; Q1 growth expected in Greater China.
- **December Quarter Guidance**: Targeting best-ever quarter with 10-12% YoY revenue growth, fueled by iPhone and Services expansion.

**【CEO Summary Section】**
- **Record Revenue Growth**: Q4 2025 revenue of $102.5 billion, up 8% YoY, driven by iPhone ($49B, +6%), Mac ($8.7B, +13%), and Services ($28.8B, +15%).
- **Product Highlights**: iPhone 17 Pro sets new smartphone standard with A19 Pro chip; Apple Watch Ultra 3 introduces hypertension notifications; AirPods Pro 3 delivers industry-leading noise cancellation.
- **AI and Innovation**: Launch of Liquid Glass design; M5 chip-powered devices (iPad Pro, MacBook Pro, Apple Vision Pro) showcase AI capabilities; Apple Intelligence features like Live Translation and Workout Buddy.
- **Market Expansion**: All-time revenue records in India, emerging markets, and Services categories; Apple TV partners with Formula 1 for U.S. broadcast.
- **Future Outlook**: December quarter expected to be best ever, with iPhone revenue targeting a record high.

**【CFO Financial Commentary】**
- **Gross Margin**: 47.2% (up 70bps QoQ), driven by product mix; Services gross margin 75.3%.
- **Operating Expenses**: $15.9B (+11% YoY) due to R&D investments; FY25 total revenue $416B, up 14% YoY.
- **December Quarter Guidance**: 
  - Revenue: $102.5B-105.5B (10-12% YoY growth)
  - Gross Margin: 47-48%
  - OpEx: $18.1B-18.5B
  - Tariffs: $1.4B impact
- **Cash Position**: $132B in cash; $24B returned to shareholders in Q4 (dividends + buybacks).

**【Q&A Highlights】**
- **iPhone Demand**: Supply constraints on iPhone 17 models; China traffic up YoY, expecting Q1 growth.
- **Services Momentum**: FY25 Services revenue surpasses $100B (+14% YoY), driven by payment services (+10% users).
- **AI Investment**: $600B U.S. investment over 4 years in AI, silicon, and manufacturing; M5 chip factories ramping production.
- **Tariff Management**: Sequential tariff impact rising from $1.1B to $1.4B; 20% China tariffs reduced to 10%.
- **Mac Challenges**: Difficult QoQ compare due to M4 launches; long-term bullish on Mac ecosystem growth.


Apple Inc. (AAPL) Q4 2025 Earnings Call Transcript

- **Revenue Record**: Q3 2025 revenue of $94 billion (+10% YoY), driven by iPhone (+13%), Mac (+15%), and Services (+13%).
- **AI Innovation**: New Liquid Glass design, live translation, and expanded on-device AI; $500B U.S. investment over 4 years.
- **Tariff Impact**: $800M Q3 tariffs, projecting $1.1B Q4; 1% YoY demand pull-ahead due to tariffs.
- **China Growth**: 4% QoQ growth in Greater China, iPhone 16 adoption, and Mac Air as top laptop in China.
- **CapEx Surge**: AI-driven CapEx growth with 7 acquisitions in 2025; accelerating U.S. manufacturing to mitigate tariffs.

**【CEO Summary Section】**
- **Record Revenue Growth**: Q3 2025 revenue of $94 billion, up 10% YoY, driven by double-digit growth in iPhone (+13%), Mac (+15%), and Services (+13%).
- **Product Highlights**: iPhone 16 family achieved strong double-digit growth vs. iPhone 15; Mac set a June quarter record for upgraders; Services reached an all-time high of $27.4 billion.
- **AI and Innovation**: Announced new Liquid Glass design, live translation features, and expanded on-device AI capabilities. Committed to $500 billion U.S. investment over 4 years, including $0.5 billion for recycled rare earth materials.
- **Tariff Impact**: Incurred $800 million in Q3 tariffs, projecting $1.1 billion for Q4 under current rates.

**【CFO Financial Commentary】**
- **Financial Performance**: Gross margin 46.5% (down 60bps YoY due to tariffs); Operating expenses $15.5 billion (+8% YoY); Net income $23.4 billion, EPS $1.57 (both records).
- **Product Revenue Breakdown**: iPhone ($44.6B), Mac ($8B), iPad ($6.6B), Wearables/Home ($7.4B), Services ($27.4B).
- **Q4 Outlook**: Revenue growth mid- to high single digits YoY; Gross margin 46-47%; Operating expenses $15.6-15.8B.

**【Q&A Highlights】**
- **Upgrade Momentum**: Record iPhone, Mac, and Watch upgraders driven by product strength, with 1% YoY demand pull-ahead due to tariffs.
- **AI Investment**: CapEx growth driven by private cloud compute and AI-related infrastructure; 7 AI-focused acquisitions in 2025.
- **China Performance**: 4% QoQ growth in Greater China, iPhone 16 family adoption, and Mac Air as top-selling laptop in China.
- **Tariff Mitigation**: Accelerating U.S. manufacturing (e.g., Arizona chip fabs, Detroit manufacturing academy) to reduce long-term tariff exposure.
- **Services Resilience**: Despite Epic case changes, App Store revenue set a June quarter record with 13% YoY growth.

Apple Inc. (AAPL) Q3 2025 Earnings Call Transcript

- **Revenue Beats Expectations**: $95.4B (+5% YoY), Services record at $26.6B (+12% YoY). 
- **US Investment Ambition**: $500B over 4 years, 19B US-made chips, Texas server factory. 
- **Tariff Mitigation Progress**: 50% US iPhones from India, $900M Q2 tariff impact. 
- **AI Innovation**: 12 new features launched, LLMs on iPhone 16, hybrid AI architecture. 
- **China Recovery**: -2% YoY (flat ex-FX), iPhone 16 top seller in urban China. 
- **Cash Return**: $29B returned to shareholders, $100B buyback authorization. 


**【CEO Summary Section】**
- Q2 FY2025 revenue: $95.4B (5% YoY growth), EPS: $1.65 (8% YoY), Services revenue: $26.6B (12% YoY). 
- **Key Product Highlights**: 
  - iPhone 16 family drives $46.8B revenue (2% YoY). iPhone 16e features A18 chip, C1 modem for 60-hour battery life. 
  - Mac revenue up 7% YoY to $7.9B, driven by M4-powered MacBook Air and Mac Studio. 
  - iPad Air (M3) leads 15% YoY growth to $6.4B. 
  - Wearables/Home: $7.5B (-5% YoY) despite record Apple Watch installed base. 
- **US Investment**: $500B over 4 years, including Texas server factory and 12-state chip sourcing (19B chips). 
- **Tariff Impact**: Q2 FY2025 estimate: $900M cost, 20% tariffs on China-origin products. 
- **AI Strategy**: 12 new Apple Intelligence features launched, including Genmoji, Image Playground, ChatGPT integration. 
- **Sustainability**: 60% emissions reduction vs. 2015, 17.8GW renewable energy from suppliers. 

**【CFO Financial Commentary】**
- **Gross Margin**: 47.1% (up 20bps QoQ), Products: 35.9% (down 340bps QoQ due to mix, FX). Services: 75.7% (up 70bps). 
- **Operating Expenses**: $15.3B (6% YoY). 
- **Cash Flow**: $24B operating cash flow, $29B returned to shareholders (including $25B buybacks). 
- **Q3 FY2025 Outlook**: 
  - Revenue: low-mid single-digit YoY growth. 
  - Gross Margin: 45.5-46.5% (includes $900M tariffs). 
  - OpEx: $15.3-15.5B. 

**【Q&A Highlights】**
- **Tariff Mitigation**: 50% of US iPhones sourced from India in Q2, Vietnam for iPad/Mac/Watch/AirPods. 
- **China Performance**: -2% YoY (flat ex-FX), channel inventory stable, subsidies benefiting iPhone. 
- **AI on Edge**: LLMs shipping on iPhone 16, hybrid on-device/cloud AI architecture. 
- **Supply Chain Resilience**: Diversified manufacturing across 12 US states, 9,000+ US suppliers. 
- **Services Growth**: 12% YoY, 1B+ paid subs, Apple Pay active users up double digits. 
- **Legal Risks**: Appeal Epic injunction, monitor DOJ antitrust cases. 


Apple (AAPL)-1 May 25-2025 Q2 Earnings call transcript

- **Record Revenue Growth**: Q1 FY25 revenue of $124.3 billion (+4% YoY) and EPS of $2.40 (+10% YoY) set new highs across products and Services.
- **Apple Intelligence Drives Momentum**: iPhone 16 outperformed in markets with Apple Intelligence, with features like Writing Tools and Genmoji gaining traction. Global expansion to 8 languages in April.
- **Emerging Markets Surge**: India, Latin America, and the Middle East saw record growth, with iPhone as top smartphone in India.
- **Services Strength**: $26.3 billion in Services revenue (+14% YoY) with over 1 billion paid subscriptions and 75% gross margin.
- **Gross Margin Expansion**: 46.9% gross margin (up 70 bps) driven by product mix and leverage, with Q2 guidance of 46.5%-47.5%.


**【CEO Summary Section】**
- Q1 FY25 revenue reached $124.3 billion, up 4% YoY, driven by all-time records in iPhone, Mac, iPad, and Services. EPS hit $2.40, a 10% YoY increase.
- Apple Intelligence adoption accelerated, with iPhone 16 models outperforming in markets where the feature was available. Key features include Writing Tools, Image Playground, and Genmoji, with Clean Up and Camera Control also gaining traction.
- Emerging markets showed strong growth, with Latin America, the Middle East, and South Asia setting new revenue records. India saw the iPhone as the top-selling smartphone model.
- Installed base of active devices surpassed 2.35 billion, with Mac and iPad upgraders and new customers driving growth.

**【CFO Financial Commentary】**
- Products revenue ($98 billion) grew 2% YoY, driven by Mac (+16%) and iPad (+15%). Services revenue hit $26.3 billion, up 14% YoY, with paid subscriptions exceeding 1 billion.
- Gross margin improved to 46.9%, up 70 bps sequentially, due to favorable mix and leverage. Products gross margin rose 300 bps to 39.3%, while Services margin increased 100 bps to 75%.
- Operating expenses were $15.4 billion, up 7% YoY, reflecting investments in innovation and expansion. Operating cash flow was $29.9 billion, supporting $30 billion in shareholder returns.
- Q2 FY25 guidance: Revenue growth of low to mid-single digits YoY, Services up low double digits. Gross margin expected between 46.5% and 47.5%, despite FX headwinds of 2.5 percentage points.

**【Key Q&A Highlights】**
- **China Challenges**: Greater China revenue down 11% YoY, with channel inventory reductions impacting results. Apple Intelligence not yet available in China, but Mac and iPad growth offset some weakness.
- **Apple Intelligence Impact**: Markets with Apple Intelligence saw stronger iPhone 16 performance. Writing Tools and Genmoji are popular features, with global expansion planned for April.
- **Mac and iPad Growth**: Mac revenue up 16% YoY, driven by M4 silicon and Apple Intelligence integration. iPad growth of 15% reflected new customers, with over half of buyers new to the product.
- **Services Momentum**: Paid accounts and transacting users hit all-time highs, with Apple TV+ and Fitness+ driving engagement. Gross margin expansion in Services reflects scale and mix improvements.


Actual																0.6375	0.645	0.73	1.68	1.4	1.3	1.24	2.1	1.52	1.2	1.29	1.88	1.52	1.26	1.46	2.18	1.53	1.4	1.64	2.4	1.65	1.57	1.85	2.84
Forecast																0.5627	0.5134	0.7099	1.416	0.9864	1.0107	1.2388	1.8991	1.424	1.1635	1.268	1.9388	1.4291	1.1953	1.3931	2.1007	1.5051	1.3455	1.6004	2.3477	1.6273	1.438	1.7771	2.6748
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+13.29%	+25.63%	+2.83%	+18.64%	+41.93%	+28.62%	+0.10%	+10.58%	+6.74%	+3.14%	+1.74%	-3.03%	+6.36%	+5.41%	+4.80%	+3.77%	+1.65%	+4.05%	+2.47%	+2.23%	+1.39%	+9.18%	+4.10%	+6.18%

AAPL

AAPL fundamentals

AAPL Q1 2026 Earnings

Earnings Call

You can ask Aime

AAPL

AAPL fundamentals

AAPL Q1 2026 Earnings

Earnings Call

AAPL Earnings Call Summary for Q1/20265:00 PM on Jan 29, 2026

AAPL Earnings Call Summary for Q4/20255:00 PM on Oct 30, 2025

AAPL Earnings Call Summary for Q3/20255:00 PM on Jul 31, 2025

AAPL Earnings Call Summary for Q2/20255:00 PM on May 1, 2025

AAPL Earnings Call Summary for Q1/20255:00 PM on Jan 30, 2025

You can ask Aime