Overview
- Apple reports fiscal Q4 2025 after the close on October 30, with Wall Street expecting about $102 billion in revenue and roughly $1.78–$1.81 in EPS.
- Analysts estimate Services revenue at about $108.6 billion for fiscal 2025, up ~13% year over year and contributing a disproportionately large share of profit despite ongoing antitrust and regulatory scrutiny.
- Counterpoint data indicate iPhone 17 sales ran about 14% ahead of iPhone 16 in the first 10 days across the U.S. and China.
- Management expects roughly a $1.1 billion tariff hit to the quarter, with gross margins forecast in the 46%–47% range.
- Views remain split with price targets roughly $203 to $290, as JPMorgan flags strong sentiment tied to iPhone 17 and a possible foldable iPhone 18 next year while others cite China competition and valuation risks.