Apple Inc. (AAPL.US) telephone conference: More personalized Siri to be launched this year, storage prices rising + 3nm production capacity tight, leading to Q2 profit pressure.

On January 29th, Apple Inc. (AAPL.US) released its financial report for the first quarter of the 2026 fiscal year (ending December 27, 2025), showing record highs in total revenue, iPhone revenue, service revenue, and other key indicators. Against the backdrop of the global tech stocks betting on "AI + hardware replacement", the market's focus on Apple Inc.'s holiday season financial report centered on three key points: whether the replacement intensity of the iPhone 17 can continue, whether the demand in China is truly recovering, and whether Apple Inc. can maintain profit margins and supply pace in the face of rising memory prices and tight advanced manufacturing capacity. More notably, CEO Cook announced during the financial call that Apple Inc. is collaborating with Alphabet Inc. Class C to develop the next generation Apple Foundation Models, which will power the more personalized Siri to be launched this year. This collaboration marks a significant shift in Apple Inc.'s AI strategy, with Cook stating: "We believe that Alphabet Inc. Class C's AI technology will provide the strongest foundation for Apple's base model, and we believe that through this collaboration, we can unlock a plethora of experiences and innovate in a crucial way." The iPhone is triggering a super cycle, with all regions reaching record highs The biggest surprise of the quarter came from the iPhone. The product line's revenue reached $85.3 billion, a 23% increase compared to the previous year, setting a new record. Cook described the enthusiasm for the iPhone 17 series as "