Apple's Q3 2025 beat expectations, with strong iPhone and services growth offsetting weakness in iPad and wearables. Concerns remain over Apple's reliance on incremental product upgrades, regulatory hurdles for AI features, and rising costs from tariffs and supply chain shifts. Despite downward revisions to free cash flow and EBITDA, the risk/reward profile now favors an upgrade from "Hold" to "Buy".
Read MoreMajor U.S. equities indexes advanced on Thursday as a report showed a month-over-month decline in private-sector hiring in August. The latest signal of a cooling labor market came a day before the release of the August jobs report by the Bureau of Labor Statistics.
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