Summary by Futu AI
Apple announced financial results for its fiscal 2025 first quarter ended December 28, 2024, with revenue reaching $124.3 billion, up 4% YoY. Net income rose to $36.3 billion from $33.9 billion last year, with earnings per share increasing to $2.40. Services revenue achieved a new record of $26.3 billion, growing 14% YoY, while Products revenue reached $98 billion.Regional performance showed mixed results, with strong growth in Europe (11% YoY) and Japan (16% YoY), while Greater China declined 11%. Mac and iPad segments demonstrated solid growth, up 16% and 15% respectively, while iPhone revenue remained relatively flat at $69.1 billion. The company's gross margin improved to 46.9% from 45.9% in the same quarter last year.The company continued its capital return program, repurchasing $23.3 billion in shares and paying $3.9 billion in dividends during the quarter. Apple maintained a strong liquidity position with $30.3 billion in cash and cash equivalents, while implementing business changes to comply with new regulations in various markets, including the EU's Digital Markets Act.
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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