AAPL · NASDAQ-GS
Apple sells consumer technology products centered on the iPhone, alongside other devices and related offerings, and is pursuing artificial-intelligence applications including a potential AI device. Its customers are primarily consumers, supported by the company’s globally recognized product ecosystem. The supplied evidence identifies iPhone sales as a major contributor but does not provide a current segment breakdown or the respective contributions of products and services. Apple reported $416.2 billion of fiscal 2025 revenue and $112.0 billion of net income, up from $391.0 billion and $93.7 billion, respectively, in fiscal 2024.
Apple fell 9.03%, from $340.08 to $309.38, with the decline concentrated in a 7.36% drop on July 31 and a further slide to $303.42 on August 3 before a partial rebound to $309.38 on August 4. The primary catalyst was management’s disappointing forward guidance, including supply constraints and significantly higher component costs; GF Securities subsequently downgraded the shares to Hold. Morgan Stanley also cut its price target from $364 to $360, adding pressure despite the target remaining above the market price. Apple’s strong June-quarter results, including record $109.4 billion revenue and robust iPhone growth, did not offset the outlook concerns. The broader market also favored Amazon and Microsoft while Apple and Meta lost substantial value.
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