Apple (AAPL) posted yet another earnings beat while muscling significant numbers for iPhone sales and revenue from China. However, its services segment came in-line.
Apple Inc (NASDAQ:AAPL, XETRA:APC) reported record first-quarter results on Thursday, with sales jumping 16% as demand for its iPhone and services surged, sending the company's shares up about 2% in after-hours trading. The iPhone maker posted revenue of $143.8 billion for its fiscal first quarter ended December, beating analysts' expectations of $138.4 billion, while diluted earnings per share rose 19% to $2.84, compared with forecasts of $2.68.
Apple set a new record for iPhone sales in the final quarter of 2025 and announced an installed base of 2.5 billion devices. Total revenue came in at $143.8 billion in the period ended December 31, which for the tech giant is its fiscal first quarter.
Apple has acquired Q.ai, an Israeli startup focused on artificial intelligence technology for audio, the Financial Times reported on Thursday (Jan. 29), as the company prepares to report fiscal fourth-quarter results later Thursday amid growing scrutiny of its AI strategy. Apple did not disclose financial terms of the deal, according to the FT report.
Apple, Meta, and Google are locked in a fierce battle to lead the next wave of AI, and they've recently increased their focus on hardware. With its latest acquisition of the AI startup Q.AI, Apple aims to gain an edge, particularly in the audio sector.
Apple on Thursday said it has acquired Q.ai, an Israeli startup working on artificial intelligence technology for audio.
Apple Inc ( NASDAQ:AAPL ) investor Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, dropped a bombshell on X Tuesday: “It's time for Tim Apple to resign.
Apple stock (NASDAQ:AAPL) boasts a solid history of rapid growth, featuring above 30% increases in under two months during multiple years, including 2010, 2019, and 2024. Notably, there were two instances where the gains surpassed 50% in around two months, specifically in 2012 and 2020.
The European chip maker returned to year-over-year growth as customers sought chips for personal electronics, communications, computer peripherals and industrial machinery.
Apple is slated to report its fiscal first-quarter earnings after the closing bell Thursday, with traders anticipating a sizable move in the iPhone maker's stock following the results.
Wall Street expects a record quarter for Apple with ~$138.5B in revenue and a focus on the iPhone 17 "supercycle" and Services growth. Key areas of scrutiny include a potential rebound in China sales and updates on the long-term AI Strategy. Bullish Scenario: A "beat and raise" could push the stock toward $270-$288.
Apple Inc (NASDAQ:AAPL, XETRA:APC) is set to report its fiscal first-quarter results on Thursday after the bell, with Wedbush expecting a strong performance following the holiday season and growing investor focus on the company's artificial intelligence strategy. Wedbush's Dan Ives believes the market continues to underestimate Apple's longer-term growth prospects, calling 2026 a potential turning point for the company's AI ambitions.