Apple (AAPL.US) post-earnings bull-bear debate: AI agents become the "biggest risk," but iPhone and cash flow still underpin an "Overweight" rating.

Zhito Finance APP has learned that Apple (AAPL.US) delivered a report card of "strong revenue, weak guidance" in its latest fiscal quarter: both revenue and earnings per share beat Wall Street expectations, with iPhone revenue growing 17% year-over-year, but the gross margin guidance for the next fiscal quarter and the growth outlook for the services business were significantly below market expectations, turning investors' attention from hardware resilience to memory costs, Siri AI investment, and the medium- to long-term challenges posed by personalized AI agents. Following the earnings release, Apple's shares fell about 4% in Tuesday premarket trading.