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Apple Inc. (AAPL) -- Equity Research: Ecosystem Lock-In at Unprecedented Scale, Apple Intelligence Drives Premium Upgrade Cycles

🏒 Apple Inc. ✍️ Ai Alpha Lens Research πŸ“… April 2, 2026

Research Summary

Apple Inc. delivered another record fiscal year in FY2025, with revenues growing 5% year-over-year to approximately $398 billion, driven by continued expansion in its high-margin Services segment which surpassed $108 billion. The company's iPhone 16 cycle demonstrated strong consumer demand globally

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