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Apple’s Financial Update
As of September 27, 2025, Apple’s product sales increased by 4.1%, while services revenue grew by 13.5%, making services account for 26.2% of total sales. The company’s operating margin reached 32%, the highest in a decade. For fiscal 2025, Apple repurchased $90.7 billion in stock, contributing to accelerated earnings growth.
Despite a strong recovery, with shares up approximately 9% year-to-date after a 20% decline five months ago, Apple’s valuation has risen, now exceeding that of its faster-growing peers like Meta and Amazon. This overvaluation raises concerns about the company’s potential for future earnings growth.
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