π PRO: This Week in Visuals
AAPL, META, TSLA, V, MA, LVMH, SAP, ABBV, ASML, TMUS, NOW, IBM, T, CMCSA, SNY, BA, UPS, SBUX, LMT, LRCX, KLAC, INTC, TEAM, GM, LUV, APPF
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Today at a glance:
π±Apple: Services Shine, China Lags
βΎοΈ Meta: AI Infrastructure Push
π Tesla: Beyond the Slowdown
π³ Visa: Cross-Border Strength
π³ Mastercard: Travel Boost
π LVMH: Mixed Luxury Signals
βοΈ SAP: AI-Powered Cloud Surge
π Abbvie: Immunology Drives Growth
π¬ ASML: Bookings Rebound
πΆ T-Mobile US: Brighter Outlook
π§βπ» ServiceNow: AI Adoption Soars
π IBM: AI Bookings Rise
π AT&T: Fiber Growth
π¦ Comcast: Broadband Pressure
π«π· Sanofi: Buyback and Pipeline Focus
π©οΈ Boeing: Turnaround Hopes
π¦ UPS: Amazon Cut and Cost Focus
βοΈ Starbucks: Slow Turnaround
π°οΈ Lockheed Martin: Classified Setbacks
π§ Lam Research: China Concerns Remain
π¬ KLA: Advanced Packaging Boom
π§βπ» Intel: Turnaround Stalls
βοΈ Atlassian: Enterprise & AI Growth
π General Motors: Profit Hit, EV Gains
π©οΈ Southwest: Cost Pressures Loom
π‘ Appfolio: AI Momentum
1. π±Apple: Services Shine, China Lags
Apple posted record Q1 FY25 revenue, up 4% Y/Y to $124.3 billion ($270 million beat), with EPS rising 10% Y/Y $2.40 ($0.06 beat). The Services segment surged 14% to $26.3 billion, driving gross margin to 47%. While iPhone revenue dipped 1% to $69.1 billion and missed expectations, Mac (+16%) and iPad (+15%) outperformed. China sales fell 11% Y/Y due to inventory adjustments and competitive pressure.
Looking ahead, Apple guided for low- to mid-single-digit revenue growth in Q2 (despite 2.5% fx headwinds). CEO Tim Cook cited stronger iPhone 16 sales in markets where Apple Intelligence was available and teased an April expansion to new languages and regions. While concerns remain around China demand and delayed AI feature rollouts, Apple is riding on its ecosystem strength and growing paid subscriptions (1 billion+) to maintain momentum.
2. βΎοΈ Meta: AI Infrastructure Push
Metaβs revenue grew 21% Y/Y to $48.4 billion ($1.4 billion beat) and EPS surged 50% Y/Y to $8.02 ($1.26 beat), driven by higher ad prices (+14%) and increased engagement (+6% ad impressions). The Reality Labs segment posted a $5 billion loss (its worst yet), reflecting ongoing metaverse and AR/VR investments. Despite these gains, Q1 guidance of $39.5β$41.8 billion fell $1.0 billion short of expectations, raising concerns about a potential growth slowdown. Metaβs 2025 capital expenditure forecast of $60β$65 billionβa 70% increase Y/Yβsignals a major AI infrastructure push, with CEO Mark Zuckerberg reaffirming AI as Metaβs top priority.
Zuck expects Meta AI to become the world's most-used AI assistant, reaching over 1 billion people this year. The company is also developing an AI engineer with mid-level coding skills, which he called a potential βprofound milestone.β Investors remain split on whether Metaβs heavy AI spending will pay off, especially after Chinaβs DeepSeek AI breakthrough raised questions about cost efficiency. Meanwhile, Meta continues shifting its political positioning, aligning itself with the new administration, revising content policies, and scaling back DEI efforts. Despite short-term guidance concerns, AI, ad growth, and platform engagement continue to fuel investor optimism.