For four years Apple was a growth company that had stopped growing — revenue peaked at $394.3 billion in fiscal 2022 and then went sideways, down 2.8%, up 2.0%, up 6.4%. Then the iPhone 17 shipped, and Apple grew revenue 16%, 17% and 16% in three consecutive quarters. This is a full institutional-grade equity research report on Apple Inc. (Nasdaq: AAPL), built from the fiscal 2025 Form 10-K, the March 2026 Form 10-Q, the quarterly financial statements and four earnings-call transcripts into eight structured chapters and 53 rebuilt charts.
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