<p>尽管 <strong>苹果</strong>（AAPL +0.62%）在财年的第一季度收入大幅增长，但在公司公布业绩后，股价几乎没有变化。截至目前，股价在过去一年内上涨不到 10%，年初至今下跌约 5%。</p><p>随着 iPhone 销售突然加速，现在是购买该股票的好时机吗？</p><p>展开</p><figure class="image"><img src="https://pub.pbkrs.com/uploads/2026/0053296b4c38aea2f1f918001402361f?x-oss-process=style/lg" alt="苹果股票报价" width="80" height="80" original-src="https://pub.pbkrs.com/uploads/2026/0053296b4c38aea2f1f918001402361f"/></figure><h2 id="b1v91a9v4">NASDAQ: AAPL</h2><p>苹果</p><p>今日变动</p><p>(0.62%) $1.60</p><p>当前价格</p><p>$259.88</p><h3 id="d0zqkqose">关键数据点</h3><p>市值</p><p>$3.8 万亿</p><p>日内区间</p><p>$252.22 - $261.90</p><p>52 周区间</p><p>$169.21 - $288.62</p><p>成交量</p><p>350 万</p><p>平均成交量</p><p>4700 万</p><p>毛利率</p><p>47.33%</p><p>股息收益率</p><p>0.40%</p><h2 id="e7atugtxf"><strong>iPhone 动能持续</strong></h2><p>经过几年的销售疲软，苹果最近的 iPhone 动能在其财年第一季度继续，公司的收入增长是自 2021 年疫情后不久以来最强劲的。</p><p>iPhone 是苹果最大的收入来源，占该季度销售的近 60%。在 2026 财年第一季度，iPhone 销售猛增 23%，达到 852.7 亿美元，远超分析师对 786.5 亿美元 iPhone 收入的预期，数据由 <strong>LSEG</strong> 汇总。首席执行官蒂姆·库克称对 iPhone 的需求 “惊人”。</p><p>苹果其他产品的销售情况参差不齐。iPad 销售增长 6%，达到 86 亿美元，其中一半的客户是首次购买该产品。然而，Mac 销售同比下降 7%，为 84 亿美元，而可穿戴设备收入下降 2%，为 115 亿美元。</p><p>总产品部门销售增长 16%，达到 1137 亿美元。中国是一个强劲的市场，收入增长 38%。苹果的服务部门——包括其 App Store、iCloud 存储、谷歌搜索收入分成、Apple Pay、Apple TV 等——收入则增长 14%，达到 300 亿美元。</p><p>产品 毛利率 环比上升 450 个基点，达到 40.7%，而服务毛利率环比上升 120 个基点，达到 76.5%。整体毛利率为 48.2%。尽管内存价格上涨，苹果预计在第二季度保持毛利率稳定，预计在 48% 到 49% 之间。</p><p>总体而言，苹果的收入增长 16%，达到 1437.6 亿美元，而每股收益（EPS）增长 19%，达到 2.84 美元。这超过了分析师对每股收益 2.67 美元和销售 1384.8 亿美元的共识预期。</p><p>对于 2026 财年第二季度，苹果预计收入同比增长 13% 至 16%，服务收入将与 2026 财年第一季度保持相当水平。</p><figure class="image"><img src="https://pub.pbkrs.com/uploads/2026/fc6173029979ce46b58c111b7f29cd7d?x-oss-process=style/lg" width="3840" height="2352" original-src="https://pub.pbkrs.com/uploads/2026/fc6173029979ce46b58c111b7f29cd7d"/></figure><p>图片来源：Getty Images。</p><h2 id="hofrz6xa3">现在是购买苹果股票的时候吗？</h2><p>苹果已经解决了其最大的弱点——疲软的 iPhone 销售和中国市场的疲软，并且正在经历多年来最佳的增长。然而，股价在这一改善上并没有太大波动。</p><p>这在很大程度上可以归因于其估值。股价在一段时间的平淡业绩中上涨，推高了其估值倍数。如今，基于分析师对 2026 财年的预期（将于 9 月结束），其前瞻市盈率（P/E）约为 31 倍，2027 财年的预期为 28 倍。这比许多 “七大奇迹” 股票要贵。</p><p>因此，目前股价看起来定价合理。这可能限制其一些上涨空间，尽管其运营动能强劲。</p>

苹果

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AAPX

苹果每日 2 倍做多 ETF - Direxion

2 倍做多 AAPL ETF - GraniteShares

<p>苹果公司 2024 财年第一季度的收入激增 16%，达到 1437.6 亿美元，主要得益于 iPhone 销售增长 23%，占总销售额的近 60%。尽管增长强劲，股票的波动却很小，目前的前瞻市盈率约为 31。分析师预计 2026 年第二季度的收入增长将在 13% 到 16% 之间。虽然苹果在关键领域的表现有所改善，但其当前估值可能限制了考虑购买该股票的投资者的进一步上涨潜力</p>

<p>While <strong>Apple</strong>( AAPL +0.62%) saw its fiscal first-quarter revenue soar, the stock barely budged after the company reported its results. The stock is up less than 10% over the past year and down about 5% on the year, as of this writing.</p>
<div class="lb-trans"><p>尽管 <strong>苹果</strong>（AAPL +0.62%）在财年的第一季度收入大幅增长，但在公司公布业绩后，股价几乎没有变化。截至目前，股价在过去一年内上涨不到 10%，年初至今下跌约 5%。</p>
</div><p>With iPhone sales suddenly accelerating, is now a good time to buy the stock?</p>
<div class="lb-trans"><p>随着 iPhone 销售突然加速，现在是购买该股票的好时机吗？</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FBUEwucG5nJnc9MTI4" alt="Apple Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FAAPL.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: AAPL</h2>
<div class="lb-trans"><h2>NASDAQ: AAPL</h2>
</div><p>Apple</p>
<div class="lb-trans"><p>苹果</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(0.62%) $1.60</p>
<div class="lb-trans"><p>(0.62%) $1.60</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$259.88</p>
<div class="lb-trans"><p>$259.88</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$3.8T</p>
<div class="lb-trans"><p>$3.8 万亿</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$252.22 - $261.90</p>
<div class="lb-trans"><p>$252.22 - $261.90</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$169.21 - $288.62</p>
<div class="lb-trans"><p>$169.21 - $288.62</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>3.5M</p>
<div class="lb-trans"><p>350 万</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>47M</p>
<div class="lb-trans"><p>4700 万</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>47.33%</p>
<div class="lb-trans"><p>47.33%</p>
</div><p>Dividend Yield</p>
<div class="lb-trans"><p>股息收益率</p>
</div><p>0.40%</p>
<div class="lb-trans"><p>0.40%</p>
</div><h2><strong>iPhone momentum continues</strong></h2>
<div class="lb-trans"><h2><strong>iPhone 动能持续</strong></h2>
</div><p>After a couple of years of sluggish sales, Apple's recent iPhone momentum continued in its fiscal Q1, with the company posting its strongest revenue growth since shortly after the pandemic in 2021.</p>
<div class="lb-trans"><p>经过几年的销售疲软，苹果最近的 iPhone 动能在其财年第一季度继续，公司的收入增长是自 2021 年疫情后不久以来最强劲的。</p>
</div><p>The iPhone is Apple's biggest source of revenue, making up nearly 60% of its sales in the quarter. Sales soared for the smartphone in fiscal Q1 2026, climbing 23% to $85.27 billion and coming in well ahead of analyst expectations for $78.65 billion in iPhone revenue, as compiled by <strong>LSEG</strong>. CEO Tim Cook called demand for the iPhone &#34;staggering.&#34;</p>
<div class="lb-trans"><p>iPhone 是苹果最大的收入来源，占该季度销售的近 60%。在 2026 财年第一季度，iPhone 销售猛增 23%，达到 852.7 亿美元，远超分析师对 786.5 亿美元 iPhone 收入的预期，数据由 <strong>LSEG</strong> 汇总。首席执行官蒂姆·库克称对 iPhone 的需求 “惊人”。</p>
</div><p>Sales of Apple's other products were mixed. iPad sales rose 6% to $8.6 billion, with half of its customers new to the product. However, Mac sales fell 7% year over year to $8.4 billion, while wearable revenue slipped 2% to $11.5 billion.</p>
<div class="lb-trans"><p>苹果其他产品的销售情况参差不齐。iPad 销售增长 6%，达到 86 亿美元，其中一半的客户是首次购买该产品。然而，Mac 销售同比下降 7%，为 84 亿美元，而可穿戴设备收入下降 2%，为 115 亿美元。</p>
</div><p>Total product segment sales increased by 16% to $113.7 billion. China was an area of strength, with revenue climbing 38%. Apple's services segment -- which consists of its App Store, iCloud storage, Google Search revenue sharing, Apple Pay, Apple TV, and more -- meanwhile, saw revenue jump by 14% to $30 billion.</p>
<div class="lb-trans"><p>总产品部门销售增长 16%，达到 1137 亿美元。中国是一个强劲的市场，收入增长 38%。苹果的服务部门——包括其 App Store、iCloud 存储、谷歌搜索收入分成、Apple Pay、Apple TV 等——收入则增长 14%，达到 300 亿美元。</p>
</div><p>Product gross margin rose by 450 basis points sequentially to 40.7%, while service margin increased by 120 basis points sequentially to 76.5%. Overall gross margin was 48.2%. Despite rising memory prices, Apple expects to keep gross margin in line in Q2, with it projected to be between 48% and 49%.</p>
<div class="lb-trans"><p>产品 毛利率 环比上升 450 个基点，达到 40.7%，而服务毛利率环比上升 120 个基点，达到 76.5%。整体毛利率为 48.2%。尽管内存价格上涨，苹果预计在第二季度保持毛利率稳定，预计在 48% 到 49% 之间。</p>
</div><p>Overall, Apple's revenue climbed by 16% to $143.76 billion, while its earnings per share (EPS) jumped 19% to $2.84. That topped the analyst consensus estimates for EPS of $2.67 on sales of $138.48 billion.</p>
<div class="lb-trans"><p>总体而言，苹果的收入增长 16%，达到 1437.6 亿美元，而每股收益（EPS）增长 19%，达到 2.84 美元。这超过了分析师对每股收益 2.67 美元和销售 1384.8 亿美元的共识预期。</p>
</div><p>For fiscal Q2 2026, Apple expects its revenue to grow by 13% to 16% year over year, with services revenue rising at a comparable level to fiscal Q1.</p>
<div class="lb-trans"><p>对于 2026 财年第二季度，苹果预计收入同比增长 13% 至 16%，服务收入将与 2026 财年第一季度保持相当水平。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NTM3NTEvZ2V0dHlpbWFnZXMtMTE1ODc3OTA2MS5qcGcmdz0zODQw" alt="A hand holding a smartphone displaying a payment screen." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F853751%2Fgettyimages-1158779061.jpg&amp;w=3840&amp;op=resize"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Is it time to buy Apple stock?</h2>
<div class="lb-trans"><h2>现在是购买苹果股票的时候吗？</h2>
</div><p>Apple has remedied its biggest areas of weakness -- sluggish iPhone sales and a weak China -- and it is seeing some of its best growth in several years. However, the stock has not moved much on this improvement.</p>
<div class="lb-trans"><p>苹果已经解决了其最大的弱点——疲软的 iPhone 销售和中国市场的疲软，并且正在经历多年来最佳的增长。然而，股价在这一改善上并没有太大波动。</p>
</div><p>This can largely be attributed to its valuation. The stock climbed through a period of pretty lackluster results, pushing up its valuation multiple. Today, it trades at a forward price-to-earnings (P/E) ratio of around 31 based on analysts' estimates for fiscal 2026 (which will end in September) and 28 times fiscal 2027 estimates. That's more expensive than many of the &#34; Magnificent Seven&#34; stocks.</p>
<div class="lb-trans"><p>这在很大程度上可以归因于其估值。股价在一段时间的平淡业绩中上涨，推高了其估值倍数。如今，基于分析师对 2026 财年的预期（将于 9 月结束），其前瞻市盈率（P/E）约为 31 倍，2027 财年的预期为 28 倍。这比许多 “七大奇迹” 股票要贵。</p>
</div><p>As such, the stock looks appropriately priced at this point. This could limit some of its upside, despite its strong operational momentum.</p>
<div class="lb-trans"><p>因此，目前股价看起来定价合理。这可能限制其一些上涨空间，尽管其运营动能强劲。</p>
</div>

Is It Time to Take a Bite Out of Apple's Stock as Revenue Growth Accelerates?

- 苹果公司财报显示第一季度营收增长 16% 达到 1437.6 亿美元。  
- iPhone 销售增长 23%，远超分析师预期。  
- 市场对苹果股票的反应平淡，估值使上涨空间受限。

苹果公司收入增长加速，是否是时候购买其股票？