Apple Q4 2025: Beat on revenue and EPS, record Services, iPhone slightly below, guides 10%-12% holiday growth; China softer but CEO signals strongest December quarter ever.

Winners -

iPhone and AI supply chain – Strong holiday iPhone growth outlook plus record gross margins point to healthy unit volumes and richer component mix.

$AVGO, $QCOM

Reason: Apple guided for double digit iPhone growth and 10%–12% total revenue growth for the December quarter after a slight September iPhone miss tied to timing and supply constraints, implying a robust parts ramp.

Carriers and retail – A bigger upgrade cycle tends to lift activations and footfall.

$VZ, $TMUS, $BBY

Reason: Management flagged very strong store traffic and enthusiasm for the iPhone 17 lineup heading into holidays, a setup that hi ...