Apple's Q4 2025 margin on Services was 76.5%
Summary
Apple's Q4 2025 margin on Services was 76.5%. The article argues that margins are at historic highs driven by favorable mix and leverage, notes memory constraints but that guidance already factors in margin expansion, and highlights Apple’s internal silicon investments and vertical integration as key margin enablers. It frames the discussion as a Margin Call that counters doom scenarios and emphasizes leverage across supply chains.