Apple Q4 2025 earnings tonight at 4:30 PM ET - biggest in years.
Why this earnings is different:
New CEO Era:John Ternus takes over as CEO, Tim Cook becomes Executive Chairman. Ternus led iPhone/Mac hardware for 12 years - product guy, not ops guy. Market wants to hear his AI vision tonight.
Numbers to watch:
Revenue $113.47B expected (+19.6% YoY) vs $94.9B last year
EPS $1.94 expected (+18.3%)
iPhone $56.5B expected (+15%)
Services $31.6B expected - the real moat with 75% margin
Gross Margin 47-48% guided
Can $AAPL hit new high?
Stock at $344 now, ATH ~ $359. Needs beat on revenue + strong Services guide + Ternus saying upgrade cycle strong.
June quarter iPhone grew 22% to $54.3B - momentum back after 2-year decline. iPhone 18 Pro launched Sept 19, 9 days in Q4 but preorders strong despite price hike.
If Ternus says: US demand strong despite price increase, supply chain diversified to India, Apple Intelligence driving upgrades - then new high possible.
If he says memory shortage (DRAM +40%) hurting Dec quarter, stock tests $330.
Options market pricing 4% move vs 3.4% avg last 8 quarters. $16B notional options, 80% calls - traders betting up.
My watch: Management comment on China vs US. China soft, US strong offsets FX -2.5% headwind. And Q1 2026 Services guide.
This is start of Ternus era. What will he say at 5 PM ET call?
$AAPL #AppleEarnings #EarningsSeason #BinancePick
#AppleEarningsAhead-CanStockHitNewHigh
Why this earnings is different:
New CEO Era:John Ternus takes over as CEO, Tim Cook becomes Executive Chairman. Ternus led iPhone/Mac hardware for 12 years - product guy, not ops guy. Market wants to hear his AI vision tonight.
Numbers to watch:
Revenue $113.47B expected (+19.6% YoY) vs $94.9B last year
EPS $1.94 expected (+18.3%)
iPhone $56.5B expected (+15%)
Services $31.6B expected - the real moat with 75% margin
Gross Margin 47-48% guided
Can $AAPL hit new high?
Stock at $344 now, ATH ~ $359. Needs beat on revenue + strong Services guide + Ternus saying upgrade cycle strong.
June quarter iPhone grew 22% to $54.3B - momentum back after 2-year decline. iPhone 18 Pro launched Sept 19, 9 days in Q4 but preorders strong despite price hike.
If Ternus says: US demand strong despite price increase, supply chain diversified to India, Apple Intelligence driving upgrades - then new high possible.
If he says memory shortage (DRAM +40%) hurting Dec quarter, stock tests $330.
Options market pricing 4% move vs 3.4% avg last 8 quarters. $16B notional options, 80% calls - traders betting up.
My watch: Management comment on China vs US. China soft, US strong offsets FX -2.5% headwind. And Q1 2026 Services guide.
This is start of Ternus era. What will he say at 5 PM ET call?
$AAPL #AppleEarnings #EarningsSeason #BinancePick
#AppleEarningsAhead-CanStockHitNewHigh
