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Apple shares rise on strong holiday guidance

MacDailyNews

Oct 31

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Apple shares climbed roughly 2% in premarket trading on Friday, buoyed by strong holiday-quarter guidance that signaled a sales recovery driven by the new iPhone 17 lineup, even amid shipping delays to the crucial China market. Although supply issues hampered fourth-quarter results, investor confidence held firm after the September debut of the latest iPhones propelled Apple’s market capitalization above $4 trillion earlier this week, placing it alongside Nvidia and Microsoft.

Reuters:
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Amazon and Apple shares are still the worst performers for the year so far among the so-called “Magnificent Seven” group of megacaps, though the e-commerce giant’s stock soared before the bell on Friday on stellar cloud growth in the quarter.
Apple’s stock trades at 33.4 times analysts’ profit expectations, representing a premium to Microsoft’s 31.7 and Meta Platform’s 22.3, according to LSEG data.

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MacDailyNews Note: Apple on Thursday announced financial results for its fiscal 2025 fourth quarter ended September 27, 2025. The company posted quarterly revenue of $102.5 billion, up 8 percent year over year. Diluted earnings per share was $1.85, up 13 percent year over year on an adjusted basis.

“Today, Apple is very proud to report a September quarter revenue record of $102.5 billion, including a September quarter revenue record for iPhone and an all-time revenue record for Services,” said Tim Cook, Apple’s CEO, in a statement.

“Our September quarter results capped off a record fiscal year, with revenue reaching $416 billion, as well as double-digit EPS growth,” said Kevan Parekh, Apple’s CFO, in a statement. “And thanks to our very high levels of customer satisfaction and loyalty, our installed base of active devices also reached a new all-time high across all product categories and geographic segments.”

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