The author argues Apple's AI strategy, which runs AI on-device and leverages more than 2.5 billion active devices, is working better than rivals that spend heavily on data centers; capex in the December quarter was just $2.37 billion versus $53.93 billion of operating cash flow. Services revenue rose from $26.6 billion to $30.98 billion with a 75.6% gross margin, while Apple bought back $62.094 billion of stock in the nine months through June 27, 2026, added a $100 billion authorization and raised its dividend 4% to $0.27 per share. June-quarter revenue grew 16.36% to $109.42 billion, and EPS of $2.02 beat the $1.89 consensus. Key risks include a valuation of about 44 times trailing earnings, a one-time tariff refund boost, higher memory costs and a report of iPhone 18 Pro production cuts.
Summary written by Upside AI from the original article. Read the source for full details.
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Related tickers and likely impact
AAPL
▲ Likely positiveApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $4.9T |
| Close on 10/09/2026 | 336.64 |
| Change that session | -1.11% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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