Daniel Ives, Wedbush’s Managing Director and Senior Equity Research Analyst, in a new note to clients regarding Apple’s Q325 results recognized the company’s strong performance in China and double-digit growth in iPhone, Mac, and Services, but asks “where is Apple’s AI strategy?”
Philip Elmer-DeWitt for Apple 3.0:
Daniel Ives, Wedbush: Cupertino Delivers Solid Results With China Rebound; Where is AI Strategy?
Apple reported solid FY3Q25 June results featuring solid beats across the board driven by double-digit growth in iPhone, Mac, and Services while noting a strong rebound in the China region, which saw 4% y/y growth in the quarter… iPhone revenue came in much stronger than expected at $44.58 billion (up 13% y/y) well above the Street’s $40.29 billion estimate as the company set a June quarter record for upgraders while seeing broad-based growth for its iPhone 16 family including double-digit growth across emerging markets… Solid September directional guidance… AI is the elephant in the room. Outperform. $270.
MacDailyNews Take: Yup. As heard on Apple’s conference call, it seems that Cook is still trying to buy time in AI by dangling the hopes of possible, maybe, you-never-know acquisitions and an AI Siri coming real soon now (next year, two years after he disingenuously played a vaporware marketing video of a nonexistent AI Siri).
As we just wrote earlier this morning, “The stock price is still rangebound. AAPL is up less than 2% after an all-time record third quarter. A notable AI acquisition or some other meaningful AI news would break that constraint.” More here.
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The post Apple delivers solid results with China rebound, but where’s its AI strategy? – Wedbush analyst Daniel Ives appeared first on MacDailyNews.
Daniel Ives, Wedbush’s Managing Director and Senior Equity Research Analyst, in a new note to clients regarding Apple’s Q325 results recognized the company’s strong performance in China and double-digit growth in iPhone, Mac, and Services, but asks “where is Apple’s AI strategy?”
Philip Elmer-DeWitt for Apple 3.0:
Daniel Ives, Wedbush: Cupertino Delivers Solid Results With China Rebound; Where is AI Strategy?
Apple reported solid FY3Q25 June results featuring solid beats across the board driven by double-digit growth in iPhone, Mac, and Services while noting a strong rebound in the China region, which saw 4% y/y growth in the quarter… iPhone revenue came in much stronger than expected at $44.58 billion (up 13% y/y) well above the Street’s $40.29 billion estimate as the company set a June quarter record for upgraders while seeing broad-based growth for its iPhone 16 family including double-digit growth across emerging markets… Solid September directional guidance… AI is the elephant in the room. Outperform. $270.
MacDailyNews Take: Yup. As heard on Apple’s conference call, it seems that Cook is still trying to buy time in AI by dangling the hopes of possible, maybe, you-never-know acquisitions and an AI Siri coming real soon now (next year, two years after he disingenuously played a vaporware marketing video of a nonexistent AI Siri).
As we just wrote earlier this morning, “The stock price is still rangebound. AAPL is up less than 2% after an all-time record third quarter. A notable AI acquisition or some other meaningful AI news would break that constraint.” More here.
Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you!
Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.
The post Apple delivers solid results with China rebound, but where’s its AI strategy? – Wedbush analyst Daniel Ives appeared first on MacDailyNews.
