Apple recently reported strong fourth quarter and full-year earnings, highlighted by revenue of US$102.47 billion and net income of US$27.47 billion for the quarter ended September 27, 2025, along with the announcement of a US$0.26 per share cash dividend and the completion of significant share buybacks under existing repurchase programs.
In addition to robust financial results, Apple unveiled plans to integrate Google Gemini AI into Siri and expand satellite capabilities, underscoring a focus on innovation in artificial intelligence and connectivity.
We’ll examine how Apple’s planned integration of Google Gemini AI into Siri could reshape the company’s investment narrative and future outlook.
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To be an Apple shareholder, belief in the company’s ability to sustain product leadership, expand its high-margin services, and deliver consistent innovation remains central. The recent earnings surge and AI integration with Google Gemini support the short-term upgrade cycle catalyst, but do not yet address the most significant risk: regulatory scrutiny on App Store practices and key revenue-sharing partnerships, which remains unresolved for now.
The completion of another significant share buyback, with nearly 89 million shares repurchased for US$19.80 billion, stands out among recent announcements. While this delivers value to existing shareholders and underscores confidence in Apple’s future, it does not materially shift attention away from regulatory and legal pressures, which continue to loom large as a risk to margins and stability as the business evolves.
However, investors should not overlook the unresolved legal actions challenging Apple’s App Store model and revenue streams, especially as…
Read the full narrative on Apple (it’s free!)
Apple’s outlook anticipates $477.4 billion in revenue and $133.6 billion in earnings by 2028. This scenario assumes a 5.3% annual revenue growth rate and a $34.3 billion increase in earnings from the current level of $99.3 billion.
Uncover how Apple’s forecasts yield a $275.21 fair value, in line with its current price.
AAPL Community Fair Values as at Nov 2025
Simply Wall St Community members provided 128 fair value estimates for Apple ranging from US$175.43 to US$303.07 per share. Product innovation and high-margin services expansion remain in focus, shaping the outlook for both value and risk across this wide spectrum.
Explore 128 other fair value estimates on Apple – why the stock might be worth as much as 10% more than the current price!
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AAPL.
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