Apple’s iPhone 17 series dominates in China, with one in four smartphones sold being an iPhone. Sales increased by 37% year-over-year in October, the first time hitting this milestone since 2022. Every iPhone 17 model outperforms its predecessor, leading to double-digit growth and CEO Tim Cook’s optimism for growth in China.
New iPhone models now make up over 80% of Apple’s unit sales in China, with higher average selling prices boosting top-line growth in the holiday season. Despite competition from Chinese smartphone makers, Apple’s premium positioning and product execution resonate well with consumers in China.
In fiscal Q4 of 2025, Apple reported $102.5 billion in revenue, an 8% increase year-over-year. Services revenue grew 15% to nearly $29 billion, with the iPhone maker setting new records across product categories and regions. The iPhone 17 lineup drives consumer demand despite supply constraints on certain models.
Apple sees strong growth ahead, with CEO Tim Cook expecting double-digit iPhone growth in the current quarter. The Services business exceeded expectations, surpassing $100 billion in annual revenue for fiscal 2025. Apple looks to achieve record revenue in fiscal Q1.
Apple anticipates December-quarter revenue growth of 10% to 12%, delivering the best quarter ever for the company and iPhone. Gross margins are forecasted to be between 47% and 48%, factoring in tariff-related costs. The company continues to invest in AI and maintain disciplined financial management.
Analysts project Apple’s revenue to reach $577 billion in fiscal 2030, with an annual growth rate of 6.8%. Adjusted earnings per share are forecasted to increase from $7.46 to $13.77 annually, showing 13% growth. With a forward P/E multiple of 32.5x, AAPL stock trades above its historical average.
AAPL stock has mixed analyst recommendations, with the average price target at $284.51. Despite the positive outlook, the stock may have limited upside potential based on historical averages. All information in this article is for informational purposes only.
Read more at Yahoo Finance: Apple Is Making Huge China Market Share Wins. Does That Make AAPL Stock a Buy Here?