Bloomberg Businessweek Instant Reaction: Apple Shares Gain as Sales Top Estimates
Oct 30, 2025
Jay Goldberg, a Senior Analyst at Seaport Research Partners, and Mark Gurman, Managing Editor at Bloomberg News, dive into Apple's latest quarterly performance. They explore how Apple's revenue hit $102.5 billion, fueled by strong service growth, despite disappointing sales in China. Goldberg discusses the supply chain implications and the enthusiastic consumer response to the iPhone Air. Gurman highlights critical insights on product timing and the strategic challenges Apple faces in the Chinese market. Together, they provide a nuanced outlook on Apple's future.
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Revenue Beat Despite China Shortfall
- Apple beat overall revenue estimates with $102.5B despite China weakness and slight iPhone miss.
- Strong services, Macs, and wearables helped offset Greater China shortfalls and margin concerns.
Services Drive Resilience
- Services revenue came in notably stronger than expected at $28.75B.
- Services growth materially softened the impact of weaker China and product sales variances.
Patience On Apple’s AI
- Jay Goldberg shared he's cautious on AI timing and willing to wait months for Apple to sort it out.
- He compared AI rollout patience to how Apple eventually fixed Apple Maps over years.