Apple (AAPL.US) released its results for 1FQ ended December 2025, which significantly beat expectations, Daiwa published a research report saying. Quarterly revenue was US$143.8 billion, up 16% YoY, far surpassing prediction by US$5 billion. EPS was US$2.84, US$0.17 ahead of forecast.
The strong performance led to a reduction in channel inventory to low levels, with its supply chain facing constraints. The revenue guidance for Apple's 2FQ ending March 2026 indicates a strong YoY revenue growth of 13-16%.
The broker has always viewed Apple's stock as a core tech holding, and the recent results further support this view. Daiwa believed that Apple's greatest advantage lies in its vast and powerful ecosystem.
Although there are concerns about memory supply conditions in 2H26 and 2027, Apple should outperform its competitors. Therefore, the broker elevated its target price from US$300 to US$310, and kept rating at Outperform.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| APPLE (C) |
10079 |
320 (-) |
0.114 |
10.0 X |
| APPLE (P) |
11063 |
248 (-) |
0.248 |
4.7 X |
| APPLE (P) |
10793 |
210 (-) |
N/A |
N/A |
