- Apple’s iPhone 17 series sees a 37% jump in sales in China, boosting overall fiscal 2025 net sales to $64.38 billion. iPhone sales accounted for half of total sales, with a 4.2% increase from fiscal 2024. New Apple Intelligence features drive growth despite competition and tariff challenges.
- Apple faces tough competition from Alphabet and Microsoft in the AI space. Alphabet’s AI initiatives improve search and cloud solutions, while Microsoft’s AI business exceeds $13 billion in annual revenue. Microsoft’s Fairwater datacenter in Wisconsin represents a $7 billion commitment.
- Apple’s shares have returned 16.5% year to date, trading at a premium with a forward P/E of 32.72X. The Zacks Consensus Estimate for fiscal 2026 earnings is $8.16 per share, up 3.8% over the past 30 days, with 9.38% growth from fiscal 2025.
- Apple expects double-digit growth in iPhone sales for the first quarter of fiscal 2026, driven by new Apple Intelligence features. The company’s stock is currently ranked #3 (Hold) by Zacks.
- Zacks Investment Research highlights 5 stocks set to double, including a disruptive force with notable growth, a leader in a red-hot industry, and a modern omni-channel platform poised for growth. Previous recommendations have soared up to +232%. Download the free report for more information.
Read more at Nasdaq: iPhone 17 Boosts Apple’s China Sales: What’s Ahead for the Stock?