Apple has shattered records with its latest iPhone sales, defying expectations and sending the company's stock soaring. The quarterly earnings report revealed a staggering $102.5 billion in revenue, the highest on record for both the company and its individual product line.
According to Apple CEO Tim Cook, the company's success can be attributed to its new lineup of iPhones, which has rekindled demand globally. While sales in China were slower than anticipated, overall iPhone sales have been remarkably strong. The "iPhone 17" and "Pro" models, in particular, have proven highly sought-after.
Analysts attribute Apple's success to the company's ability to tap into existing customer loyalty, rather than relying on artificial intelligence (AI) adoption. Despite being a key area of focus for many tech companies, Apple has yet to release an AI product that can compete with industry leaders like Meta and Google. Instead, it seems the "old recipe" is still working for the company, driven by solid sales growth in legacy products and services.
The strong revenue figures come as no surprise, given Apple's impressive stock performance over the past few weeks. The company's market value surpassed $4 trillion for the first time, joining an exclusive club with only a handful of other companies worldwide.
While some analysts have expressed concerns about Apple's lack of progress on AI products and its struggles with tariffs, the company's focus on innovation seems to be paying off. As John Belton, a portfolio manager at Gabelli Funds, noted, "The most bullish data point coming out of Apple's last earnings report was the iPhone revenue number... The double-digit growth represented the best iPhone growth in at least three years."
With the US stock market hitting record highs and other top tech companies posting strong results, it seems Apple is well-positioned to continue its upward trajectory. As the company looks ahead to the quarter ending in December, forecasters expect 10% to 12% revenue growth – a promising outlook for investors and shareholders alike.
According to Apple CEO Tim Cook, the company's success can be attributed to its new lineup of iPhones, which has rekindled demand globally. While sales in China were slower than anticipated, overall iPhone sales have been remarkably strong. The "iPhone 17" and "Pro" models, in particular, have proven highly sought-after.
Analysts attribute Apple's success to the company's ability to tap into existing customer loyalty, rather than relying on artificial intelligence (AI) adoption. Despite being a key area of focus for many tech companies, Apple has yet to release an AI product that can compete with industry leaders like Meta and Google. Instead, it seems the "old recipe" is still working for the company, driven by solid sales growth in legacy products and services.
The strong revenue figures come as no surprise, given Apple's impressive stock performance over the past few weeks. The company's market value surpassed $4 trillion for the first time, joining an exclusive club with only a handful of other companies worldwide.
While some analysts have expressed concerns about Apple's lack of progress on AI products and its struggles with tariffs, the company's focus on innovation seems to be paying off. As John Belton, a portfolio manager at Gabelli Funds, noted, "The most bullish data point coming out of Apple's last earnings report was the iPhone revenue number... The double-digit growth represented the best iPhone growth in at least three years."
With the US stock market hitting record highs and other top tech companies posting strong results, it seems Apple is well-positioned to continue its upward trajectory. As the company looks ahead to the quarter ending in December, forecasters expect 10% to 12% revenue growth – a promising outlook for investors and shareholders alike.
I'm loving how Apple is still killing it after all these years! 
The "old recipe" must be working like magic for them. I mean, who needs AI when you have iconic designs and customer loyalty on your side? 
It's also interesting to see how they're focusing on innovation without necessarily chasing the latest trends. Sometimes, it's better to play with what works rather than trying to reinvent the wheel. 
And can we talk about that stock performance? $4 trillion market value? 
That's just insane! I'm not surprised the analysts are bullish about Apple's prospects – they're a company that consistently delivers. Now, if only they'd release some decent AI products... 
. Sales of the "iPhone 17" and Pro models are through the roof 
- $4 trillion market value? That's some serious juice 
. I'm all for innovation, but sometimes it's nice to see a company stick with the tried and true 
. Double-digit growth in iPhone revenue is huge 
!
I'm not surprised to see Apple crushing it on iPhone sales, they've always had a loyal customer base 
. The "old recipe" of solid products and services seems to be working for them 
. I think the lack of AI focus might actually be an advantage in this case 
, they're able to tap into existing demand without feeling pressured to innovate too much 
... but for now, let's just enjoy the success 
. It'll be interesting to see how this plays out for the rest of the year 
.
So like, Apple's iPhone sales are fire 
But seriously, it's awesome to see them killing it with their legacy products and services. It's not all about AI, you know... sometimes the old saying is still golden 
. And let's be real, $102.5 billion in revenue is just crazy 
! So, yeah, let's take a deep breath and enjoy the success, instead of stressing about what Apple might or might not do next... 
The stock market's wild ride continues... $4 trillion valuation is just a temporary high, mark my words 
, and AI products? Forget about it 
. Meanwhile, the poor masses just keep shelling out cash for overpriced iPhones 
Their iPhone sales are insane and it's no wonder their stock is soaring. I mean, who wouldn't want an "iPhone 17" or "Pro" model? 
The fact that Apple is still making bank off their old recipe is actually kind of refreshing. Maybe we've been so focused on all the new-fangled tech that we forgot about what makes something truly valuable: a solid product with a loyal customer base 
... Apple's new iPhone sales are just another sign that we're stuck in a never-ending cycle of consumerism 
I pre-ordered the "pro" model as soon as they went on sale 
my old phone was literally dying and this one is already making me wonder how I ever lived without 5g lol 
anyway i'm totes stoked about apple's financials, $102.5 billion is crazy 