Overview
- Analysts forecast fiscal Q4 revenue near $102.17 billion and EPS around $1.77–$1.78, with several banks calling for a modest beat.
- Counterpoint data show first‑10‑day iPhone 17 sales ran about 14% above iPhone 16 in the U.S. and China, with demand skewing toward higher‑margin Pro models.
- Services revenue is projected at roughly $108.6 billion for fiscal 2025, up about 13% year over year, a high‑margin mix that could be ~25% of sales yet up to ~50% of profit and is supported by the Google search deal.
- Shares briefly touched a $4 trillion valuation this week, while options pricing implies roughly a 4% move in either direction following Thursday’s results.
- Key watch items include an estimated $1.1 billion tariff hit this quarter, continuing App Store legal scrutiny in the U.S., U.K. and EU, and lingering questions over Apple’s AI rollout timeline.