全球科技业绩快报:苹果3Q25

海通国际证券集...
Aug 03, 2025

事件苹果FY3Q25 业绩大超预期:3Q25 收入为$940 亿,超出市场一致预期$892 亿。EPS 为$1.57,超出市场一致预期$1.43。公司收入同比增长 9.6%,环比下降 1.4%。整体毛利率为 46.5%,处于指引范围高端,环比下降 60 bps,主要受约 8 亿美元关税成本影响。产品毛利率 34.5%,环比下降 140bps,服务毛利率75.6%,环比下降 10 bps。运营费用 ...

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