\u062a\u0639\u0644\u0646 \u062e\u0645\u0633 \u0634\u0631\u0643\u0627\u062a \u0645\u0646 \u0645\u062c\u0645\u0648\u0639\u0629 \u00ab\u0627\u0644\u0633\u0628\u0639\u0629 \u0627\u0644\u0643\u0628\u0627\u0631\u00bb \u0646\u062a\u0627\u0626\u062c\u0647\u0627 \u062e\u0644\u0627\u0644 \u064a\u0648\u0645\u064a\u0646: \u0645\u0627\u064a\u0643\u0631\u0648\u0633\u0648\u0641\u062a \u0648\u0623\u0644\u0641\u0627\u0628\u062a \u0648\u0645\u064a\u062a\u0627 \u0648\u0623\u0645\u0627\u0632\u0648\u0646 \u0641\u064a 29 \u0623\u0628\u0631\u064a\u0644 2026\u060c \u0648\u0622\u0628\u0644 \u0641\u064a 30 \u0623\u0628\u0631\u064a\u0644 2026. \u0627\u0646\u062a\u0642\u0644 \u0627\u0644\u062a\u0631\u0643\u064a\u0632 \u0645\u0646 \u0627\u0644\u0645\u062e\u0627\u0648\u0641 \u0628\u0634\u0623\u0646 \u0627\u0644\u0625\u0641\u0631\u0627\u0637 \u0641\u064a \u0628\u0646\u0627\u0621 \u0645\u0631\u0627\u0643\u0632 \u0628\u064a\u0627\u0646\u0627\u062a \u0644\u0644\u0630\u0643\u0627\u0621 \u0627\u0644\u0627\u0635\u0637\u0646\u0627\u0639\u064a \u0625\u0644\u0649 \u0633\u0624\u0627\u0644 \u0623\u0633\u0627\u0633\u064a: \u0647\u0644 \u0628\u062f\u0623 \u0627\u0644\u0625\u0646\u0641\u0627\u0642 \u064a\u0631\u0641\u0639 \u0627\u0644\u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0648\u0647\u0648\u0627\u0645\u0634 \u0627\u0644\u0631\u0628\u062d \u0648\u062a\u062d\u0642\u064a\u0642 \u0627\u0644\u062f\u062e\u0644 (\u0623\u064a \u062a\u062d\u0648\u064a\u0644 \u0627\u0644\u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0625\u0644\u0649 \u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0641\u0639\u0644\u064a\u0629 \u0639\u0628\u0631 \u0627\u0644\u0625\u0639\u0644\u0627\u0646\u0627\u062a \u0648\u0627\u0644\u0627\u0634\u062a\u0631\u0627\u0643\u0627\u062a \u0648\u0627\u0644\u0639\u0645\u0648\u0644\u0627\u062a)\u061f<\/p>\n
\u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0623\u0646 \u064a\u0646\u0641\u0642 \u00ab\u0627\u0644\u0639\u0645\u0627\u0644\u0642\u0629 \u0627\u0644\u0623\u0631\u0628\u0639\u0629\u00bb (\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0633\u062d\u0627\u0628\u0629 \u0627\u0644\u0636\u062e\u0645\u0629 \u0627\u0644\u062a\u064a \u062a\u0634\u063a\u0651\u0644 \u0645\u0631\u0627\u0643\u0632 \u0628\u064a\u0627\u0646\u0627\u062a \u0639\u0644\u0649 \u0646\u0637\u0627\u0642 \u0648\u0627\u0633\u0639) \u0646\u062d\u0648 645 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0641\u064a 2026\u060c \u0628\u0632\u064a\u0627\u062f\u0629 \u062a\u0642\u0627\u0631\u0628 56% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0633\u0646\u0648\u064a. \u0648\u062a\u0628\u062d\u062b \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0639\u0646 \u062f\u0644\u064a\u0644 \u0623\u0648\u0636\u062d \u0639\u0644\u0649 \u0627\u0644\u0639\u0627\u0626\u062f\u060c \u0644\u0627 \u0639\u0646 \u062e\u0637\u0637 \u0639\u0627\u0645\u0629.<\/p>\n
\u062a\u062a\u0648\u0642\u0639 \u0645\u0627\u064a\u0643\u0631\u0648\u0633\u0648\u0641\u062a \u0631\u0628\u062d\u064a\u0629 \u0633\u0647\u0645 (EPS: \u0635\u0627\u0641\u064a \u0627\u0644\u0631\u0628\u062d \u0644\u0643\u0644 \u0633\u0647\u0645) \u0628\u0646\u062d\u0648 4.04 \u062f\u0648\u0644\u0627\u0631\u0627\u062a (\u0627\u0631\u062a\u0641\u0627\u0639 \u064a\u0642\u0627\u0631\u0628 17%) \u0648\u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0628\u0646\u062d\u0648 81.4 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 (\u0627\u0631\u062a\u0641\u0627\u0639 \u064a\u0642\u0627\u0631\u0628 16%). \u0648\u064a\u0642\u062a\u0631\u0628 \u0627\u0644\u0625\u0646\u0641\u0627\u0642 \u0627\u0644\u0631\u0623\u0633\u0645\u0627\u0644\u064a (Capex: \u0645\u0635\u0631\u0648\u0641\u0627\u062a \u0634\u0631\u0627\u0621 \u0648\u0628\u0646\u0627\u0621 \u0627\u0644\u0623\u0635\u0648\u0644 \u0645\u062b\u0644 \u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0648\u0627\u0644\u062e\u0648\u0627\u062f\u0645) \u0645\u0646 146 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0641\u064a \u0627\u0644\u0633\u0646\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 2026\u060c \u0645\u0639 \u062a\u0648\u0642\u0639\u0627\u062a \u0623\u0642\u0631\u0628 \u0625\u0644\u0649 170 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0641\u064a \u0627\u0644\u0633\u0646\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 2027. \u0648\u064a\u064f\u0642\u062f\u0651\u064e\u0631 \u0642\u0637\u0627\u0639 \u00ab\u0627\u0644\u0633\u062d\u0627\u0628\u0629 \u0627\u0644\u0630\u0643\u064a\u0629\u00bb \u0628\u0646\u062d\u0648 34.2 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 (\u0627\u0631\u062a\u0641\u0627\u0639 28%)\u060c \u0648\u0646\u0645\u0648 \u00ab\u0623\u0632\u0648\u0631\u00bb (\u0645\u0646\u0635\u0629 \u0645\u0627\u064a\u0643\u0631\u0648\u0633\u0648\u0641\u062a \u0644\u0644\u062d\u0648\u0633\u0628\u0629 \u0627\u0644\u0633\u062d\u0627\u0628\u064a\u0629) \u0628\u0646\u062d\u0648 38%\u060c \u0648\u0645\u0633\u0627\u0647\u0645\u0629 \u0627\u0644\u0630\u0643\u0627\u0621 \u0627\u0644\u0627\u0635\u0637\u0646\u0627\u0639\u064a \u0628\u0646\u062d\u0648 21.4%\u060c \u0648\u0647\u0627\u0645\u0634 \u0627\u0644\u0631\u0628\u062d \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a \u0644\u0644\u0633\u062d\u0627\u0628\u0629 (Gross Margin: \u0646\u0633\u0628\u0629 \u0627\u0644\u0631\u0628\u062d \u0628\u0639\u062f \u062a\u0643\u0644\u0641\u0629 \u062a\u0642\u062f\u064a\u0645 \u0627\u0644\u062e\u062f\u0645\u0629 \u0648\u0642\u0628\u0644 \u0627\u0644\u0645\u0635\u0627\u0631\u064a\u0641 \u0627\u0644\u0623\u062e\u0631\u0649) \u0639\u0646\u062f 66.23%.<\/p>\n
\u062a\u062a\u0648\u0642\u0639 \u0623\u0644\u0641\u0627\u0628\u062a \u0631\u0628\u062d\u064a\u0629 \u0633\u0647\u0645 \u0645\u0639\u062f\u0644\u0629 (Adjusted EPS: \u0631\u0628\u062d\u064a\u0629 \u0628\u0639\u062f \u0627\u0633\u062a\u0628\u0639\u0627\u062f \u0628\u0646\u0648\u062f \u0627\u0633\u062a\u062b\u0646\u0627\u0626\u064a\u0629) \u0628\u0646\u062d\u0648 2.83 \u062f\u0648\u0644\u0627\u0631 \u0648\u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0628\u0646\u062d\u0648 107 \u0645\u0644\u064a\u0627\u0631\u0627\u062a \u062f\u0648\u0644\u0627\u0631 (\u0627\u0631\u062a\u0641\u0627\u0639 \u064a\u0642\u0627\u0631\u0628 11%). \u0648\u064a\u064f\u062a\u0648\u0642\u0639 \u0627\u0644\u0625\u0646\u0641\u0627\u0642 \u0627\u0644\u0631\u0623\u0633\u0645\u0627\u0644\u064a \u0639\u0646\u062f 175\u2013185 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0644\u0644\u0633\u0646\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 2026\u060c \u0645\u0639 \u062a\u0642\u062f\u064a\u0631\u0627\u062a \u0642\u0631\u0628 200 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0641\u064a \u0627\u0644\u0633\u0646\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 2027. \u0648\u064a\u064f\u0642\u062f\u0651\u064e\u0631 \u0646\u0634\u0627\u0637 \u00ab\u0627\u0644\u0628\u062d\u062b\u00bb \u0628\u0646\u062d\u0648 59 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 (\u0627\u0631\u062a\u0641\u0627\u0639 16%)\u060c \u0648\u064a\u0648\u062a\u064a\u0648\u0628 \u0628\u0646\u062d\u0648 10 \u0645\u0644\u064a\u0627\u0631\u0627\u062a \u062f\u0648\u0644\u0627\u0631 (\u0627\u0631\u062a\u0641\u0627\u0639 12%)\u060c \u0645\u0639 \u0627\u062d\u062a\u0645\u0627\u0644 \u0646\u0645\u0648 \u00ab\u0627\u0644\u062d\u0648\u0633\u0628\u0629 \u0627\u0644\u0633\u062d\u0627\u0628\u064a\u0629\u00bb \u0641\u064a \u0646\u0637\u0627\u0642 50%.<\/p>\n
\u062a\u062a\u0648\u0642\u0639 \u0645\u064a\u062a\u0627 \u0631\u0628\u062d\u064a\u0629 \u0633\u0647\u0645 \u0645\u0639\u062f\u0644\u0629 \u0628\u0646\u062d\u0648 7.51 \u062f\u0648\u0644\u0627\u0631\u0627\u062a \u0648\u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0628\u0646\u062d\u0648 55.5 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 (\u0627\u0631\u062a\u0641\u0627\u0639 \u064a\u0642\u0627\u0631\u0628 31%). \u0648\u062a\u0634\u064a\u0631 \u062a\u0648\u062c\u064a\u0647\u0627\u062a \u0627\u0644\u0625\u0646\u0641\u0627\u0642 \u0627\u0644\u0631\u0623\u0633\u0645\u0627\u0644\u064a \u0625\u0644\u0649 115\u2013135 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0641\u064a 2026\u060c \u0645\u0639 \u0645\u062a\u0648\u0633\u0637 \u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0633\u0648\u0642 (Consensus: \u0645\u062a\u0648\u0633\u0637 \u062a\u0642\u062f\u064a\u0631\u0627\u062a \u0627\u0644\u0645\u062d\u0644\u0644\u064a\u0646) \u0642\u0631\u0628 142 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0641\u064a 2027. \u0648\u062a\u0642\u062f\u0651\u064e\u0631 \u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0627\u0644\u0625\u0639\u0644\u0627\u0646\u0627\u062a \u0628\u0646\u062d\u0648 54 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 (\u0627\u0631\u062a\u0641\u0627\u0639 30%)\u060c \u0648\u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u0631\u0627\u062a \u0638\u0647\u0648\u0631 \u0627\u0644\u0625\u0639\u0644\u0627\u0646\u0627\u062a (Impressions: \u0639\u062f\u062f \u0645\u0631\u0627\u062a \u0639\u0631\u0636 \u0627\u0644\u0625\u0639\u0644\u0627\u0646) 16%\u060c \u0648\u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u062a\u0648\u0633\u0637 \u0633\u0639\u0631 \u0627\u0644\u0625\u0639\u0644\u0627\u0646 12%.<\/p>\n
\u062a\u062a\u0648\u0642\u0639 \u0623\u0645\u0627\u0632\u0648\u0646 \u0631\u0628\u062d\u064a\u0629 \u0633\u0647\u0645 \u0645\u0639\u062f\u0644\u0629 \u0628\u0646\u062d\u0648 2.11 \u062f\u0648\u0644\u0627\u0631 \u0648\u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0628\u0646\u062d\u0648 177.2 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 (\u0627\u0631\u062a\u0641\u0627\u0639 \u064a\u0642\u0627\u0631\u0628 14%). \u0648\u062a\u0648\u062c\u064a\u0647\u0627\u062a \u0627\u0644\u0625\u0646\u0641\u0627\u0642 \u0627\u0644\u0631\u0623\u0633\u0645\u0627\u0644\u064a \u0639\u0646\u062f 200 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0641\u064a 2026\u060c \u0645\u0639 \u0645\u062a\u0648\u0633\u0637 \u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0633\u0648\u0642 195.9 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631\u060c \u0648\u0645\u062a\u0648\u0633\u0637 \u0628\u0644\u0648\u0645\u0628\u0631\u063a \u0644\u0639\u0627\u0645 2027 \u0642\u0631\u0628 209 \u0645\u0644\u064a\u0627\u0631\u0627\u062a \u062f\u0648\u0644\u0627\u0631. \u0648\u062a\u064f\u0642\u062f\u0651\u0631 \u00ab\u062e\u062f\u0645\u0627\u062a \u0627\u0644\u0648\u064a\u0628 \u0645\u0646 \u0623\u0645\u0627\u0632\u0648\u0646\u00bb (AWS: \u0630\u0631\u0627\u0639 \u0623\u0645\u0627\u0632\u0648\u0646 \u0644\u0644\u062d\u0648\u0633\u0628\u0629 \u0627\u0644\u0633\u062d\u0627\u0628\u064a\u0629) \u0628\u0646\u062d\u0648 36.6 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 (\u0627\u0631\u062a\u0641\u0627\u0639 25%)\u060c \u0648\u062e\u062f\u0645\u0627\u062a \u0627\u0644\u0625\u0639\u0644\u0627\u0646\u0627\u062a \u0628\u0646\u062d\u0648 16.9 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 (\u0627\u0631\u062a\u0641\u0627\u0639 20.8%). \u0643\u0645\u0627 \u0631\u0641\u0639\u062a \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u0647\u0627 \u0641\u064a \u00ab\u0623\u0646\u062b\u0631\u0648\u0628\u064a\u0643\u00bb (\u0634\u0631\u0643\u0629 \u062a\u0637\u0648\u0651\u0631 \u0646\u0645\u0627\u0630\u062c \u0630\u0643\u0627\u0621 \u0627\u0635\u0637\u0646\u0627\u0639\u064a) \u0628\u0645\u0642\u062f\u0627\u0631 5 \u0645\u0644\u064a\u0627\u0631\u0627\u062a \u062f\u0648\u0644\u0627\u0631\u060c \u0645\u0639 \u0627\u062d\u062a\u0645\u0627\u0644 \u0625\u0636\u0627\u0641\u0629 20 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0623\u062e\u0631\u0649.<\/p>\n
\u062a\u062a\u0648\u0642\u0639 \u0622\u0628\u0644 \u0631\u0628\u062d\u064a\u0629 \u0633\u0647\u0645 \u0628\u0646\u062d\u0648 1.96 \u062f\u0648\u0644\u0627\u0631 (\u0627\u0631\u062a\u0641\u0627\u0639 \u064a\u0642\u0627\u0631\u0628 18%) \u0648\u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0628\u0646\u062d\u0648 109.3 \u0645\u0644\u064a\u0627\u0631\u0627\u062a \u062f\u0648\u0644\u0627\u0631 (\u0627\u0631\u062a\u0641\u0627\u0639 \u064a\u0642\u0627\u0631\u0628 15%). \u0648\u064a\u064f\u0642\u062f\u0651\u064e\u0631 \u0627\u0644\u0625\u0646\u0641\u0627\u0642 \u0627\u0644\u0631\u0623\u0633\u0645\u0627\u0644\u064a \u0628\u0646\u062d\u0648 13.5 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0641\u064a \u0627\u0644\u0633\u0646\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 2026 \u064815.4 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0641\u064a \u0627\u0644\u0633\u0646\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 2027\u060c \u0645\u0639 \u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0627\u0644\u062e\u062f\u0645\u0627\u062a (Services: \u0645\u062b\u0644 \u0645\u062a\u062c\u0631 \u0627\u0644\u062a\u0637\u0628\u064a\u0642\u0627\u062a \u0648\u0627\u0644\u0627\u0634\u062a\u0631\u0627\u0643\u0627\u062a \u0648AppleCare) \u0628\u0646\u062d\u0648 30.4 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 (\u0627\u0631\u062a\u0641\u0627\u0639 14%).<\/p>\n
\u0645\u0639 \u0625\u0639\u0644\u0627\u0646 \u062e\u0645\u0633 \u0634\u0631\u0643\u0627\u062a \u0645\u0646 \u00ab\u0627\u0644\u0633\u0628\u0639\u0629 \u0627\u0644\u0643\u0628\u0627\u0631\u00bb \u0646\u062a\u0627\u0626\u062c\u0647\u0627 \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u0645\u0642\u0628\u0644\u060c \u0646\u0631\u0649 \u0627\u0631\u062a\u0641\u0627\u0639\u0627\u064b \u062d\u0627\u062f\u0627\u064b \u0641\u064a \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0636\u0645\u0646\u064a\u0629 (Implied Volatility: \u0645\u0633\u062a\u0648\u0649 \u062a\u0630\u0628\u0630\u0628 \u0645\u062a\u0648\u0642\u0639 \u0645\u0633\u062a\u0646\u062a\u062c \u0645\u0646 \u0623\u0633\u0639\u0627\u0631 \u0639\u0642\u0648\u062f \u0627\u0644\u062e\u064a\u0627\u0631\u0627\u062a). \u0648\u062a\u0633\u0639\u0651\u0631 \u0633\u0648\u0642 \u0627\u0644\u062e\u064a\u0627\u0631\u0627\u062a \u062a\u062d\u0631\u0643\u0627\u062a \u0643\u0628\u064a\u0631\u0629 \u0628\u0639\u062f \u0627\u0644\u0646\u062a\u0627\u0626\u062c. \u0648\u0635\u0639\u062f \u0645\u0624\u0634\u0631 \u062a\u0642\u0644\u0628\u0627\u062a \u0646\u0627\u0633\u062f\u0627\u0643-100 \u0645\u0646 \u0628\u0648\u0631\u0635\u0629 \u0634\u064a\u0643\u0627\u063a\u0648 \u0644\u0644\u062e\u064a\u0627\u0631\u0627\u062a (CBOE) \u0627\u0644\u0645\u0639\u0631\u0648\u0641 \u0628\u0640(VXN) \u0628\u0623\u0643\u062b\u0631 \u0645\u0646 18% \u062e\u0644\u0627\u0644 \u0623\u0628\u0631\u064a\u0644 \u0648\u062d\u062f\u0647\u060c \u0645\u0627 \u064a\u0634\u064a\u0631 \u0625\u0644\u0649 \u0627\u0633\u062a\u0639\u062f\u0627\u062f \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0644\u062a\u0630\u0628\u0630\u0628\u0627\u062a \u0633\u0639\u0631\u064a\u0629 \u0642\u0648\u064a\u0629.<\/p>\n
\u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0645\u0627\u064a\u0643\u0631\u0648\u0633\u0648\u0641\u062a\u060c \u064a\u0646\u0635\u0628 \u0627\u0644\u0627\u0647\u062a\u0645\u0627\u0645 \u0639\u0644\u0649 \u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646 \u0625\u0646\u0641\u0627\u0642\u0647\u0627 \u0627\u0644\u0631\u0623\u0633\u0645\u0627\u0644\u064a \u0627\u0644\u0636\u062e\u0645 \u064a\u062d\u0642\u0642 \u0639\u0627\u0626\u062f\u0627\u064b. \u0648\u062a\u0634\u064a\u0631 \u062a\u0633\u0639\u064a\u0631\u0627\u062a \u0627\u0644\u062e\u064a\u0627\u0631\u0627\u062a \u0625\u0644\u0649 \u062d\u0631\u0643\u0629 \u0645\u062a\u0648\u0642\u0639\u0629 \u0628\u0646\u062d\u0648 6% \u0635\u0639\u0648\u062f\u0627\u064b \u0623\u0648 \u0647\u0628\u0648\u0637\u0627\u064b \u0628\u0639\u062f \u062a\u0642\u0631\u064a\u0631 29 \u0623\u0628\u0631\u064a\u0644. \u0648\u0628\u0645\u0627 \u0623\u0646 \u0627\u0644\u0633\u0647\u0645 \u062a\u0623\u062e\u0631 \u0639\u0646 \u0623\u062f\u0627\u0621 \u0646\u0638\u0631\u0627\u0626\u0647 \u0647\u0630\u0627 \u0627\u0644\u0639\u0627\u0645\u060c \u0641\u0625\u0646 \u0646\u0645\u0648 \u00ab\u0623\u0632\u0648\u0631\u00bb \u0628\u0623\u0643\u062b\u0631 \u0645\u0646 38% \u0642\u062f \u064a\u062f\u0641\u0639 \u0627\u0644\u0633\u0647\u0645 \u0644\u0627\u0631\u062a\u0641\u0627\u0639 \u0642\u0648\u064a.<\/p>\n
\u0648\u062a\u0648\u0627\u062c\u0647 \u0623\u0644\u0641\u0627\u0628\u062a \u0627\u062e\u062a\u0628\u0627\u0631\u0627\u064b \u0645\u062e\u062a\u0644\u0641\u0627\u064b: \u062a\u0646\u0645\u064a\u0629 \u0645\u0646\u062a\u062c\u0627\u062a \u0627\u0644\u0630\u0643\u0627\u0621 \u0627\u0644\u0627\u0635\u0637\u0646\u0627\u0639\u064a \u062f\u0648\u0646 \u0627\u0644\u0625\u0636\u0631\u0627\u0631 \u0628\u0623\u0639\u0645\u0627\u0644 \u00ab\u0627\u0644\u0628\u062d\u062b\u00bb. \u0648\u062e\u0644\u0627\u0644 2025\u060c \u0643\u0627\u0646 \u0627\u0644\u0633\u0647\u0645 \u062d\u0633\u0627\u0633\u0627\u064b \u0644\u062a\u0639\u0644\u064a\u0642\u0627\u062a \u0627\u0644\u0625\u062f\u0627\u0631\u0629 \u062d\u0648\u0644 \u0627\u0644\u0627\u0646\u0636\u0628\u0627\u0637 \u0641\u064a \u0627\u0644\u0625\u0646\u0641\u0627\u0642. \u0648\u064a\u062a\u0648\u0642\u0639 \u0645\u062a\u062f\u0627\u0648\u0644\u0648 \u0627\u0644\u062e\u064a\u0627\u0631\u0627\u062a \u062d\u0631\u0643\u0629 \u062a\u062a\u062c\u0627\u0648\u0632 7.5%\u060c \u0645\u0627 \u064a\u0639\u0643\u0633 \u0627\u062d\u062a\u0645\u0627\u0644 \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0633\u0647\u0645 \u0625\u0630\u0627 \u062c\u0627\u0621 \u0646\u0645\u0648 \u00ab\u062c\u0648\u062c\u0644 \u0643\u0644\u0627\u0648\u062f\u00bb \u0642\u0648\u064a\u0627\u064b\u060c \u0623\u0648 \u0647\u0628\u0648\u0637\u0647 \u0625\u0630\u0627 \u0643\u0627\u0646\u062a \u062a\u0648\u062c\u064a\u0647\u0627\u062a \u0627\u0644\u0625\u0646\u0641\u0627\u0642 \u0627\u0644\u0631\u0623\u0633\u0645\u0627\u0644\u064a \u0623\u0639\u0644\u0649 \u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639.<\/p>\n
\u0623\u0645\u0627 \u0645\u064a\u062a\u0627\u060c \u0641\u0627\u0644\u062a\u062d\u062f\u064a \u0647\u0648 \u062a\u0628\u0631\u064a\u0631 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0643\u0628\u064a\u0631 \u0641\u064a \u0627\u0644\u0630\u0643\u0627\u0621 \u0627\u0644\u0627\u0635\u0637\u0646\u0627\u0639\u064a \u0645\u0639 \u0642\u0648\u0629 \u0646\u0634\u0627\u0637 \u0627\u0644\u0625\u0639\u0644\u0627\u0646\u0627\u062a \u0627\u0644\u0623\u0633\u0627\u0633\u064a. \u0648\u064a\u064f\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0633\u0647\u0645 \u0639\u0646\u062f \u0646\u062d\u0648 17 \u0645\u0631\u0629 \u0645\u0646 \u0623\u0631\u0628\u0627\u062d \u0627\u0644\u0627\u062b\u0646\u064a \u0639\u0634\u0631 \u0634\u0647\u0631\u0627\u064b \u0627\u0644\u0645\u0642\u0628\u0644\u0629 (Forward P\/E: \u0645\u0636\u0627\u0639\u0641 \u0627\u0644\u0631\u0628\u062d\u064a\u0629 \u0627\u0644\u0645\u062a\u0648\u0642\u0639)\u060c \u0648\u0647\u0648 \u0623\u0642\u0644 \u0645\u0646 \u0628\u0639\u0636 \u0646\u0638\u0631\u0627\u0626\u0647\u060c \u0645\u0627 \u0642\u062f \u064a\u062e\u0641\u0641 \u0627\u0644\u0636\u063a\u0637. \u0644\u0643\u0646 \u0623\u064a \u0642\u0641\u0632\u0629 \u0645\u0641\u0627\u062c\u0626\u0629 \u0623\u062e\u0631\u0649 \u0641\u064a \u0627\u0644\u0625\u0646\u0641\u0627\u0642 \u0642\u062f \u062a\u0639\u064a\u062f \u0627\u0644\u0645\u062e\u0627\u0648\u0641 \u0627\u0644\u062a\u064a \u0638\u0647\u0631\u062a \u0623\u0648\u0627\u062e\u0631 2025.<\/p>\n
\u0648\u062a\u062f\u062e\u0644 \u0623\u0645\u0627\u0632\u0648\u0646 \u0627\u0644\u0641\u062a\u0631\u0629 \u0627\u0644\u062d\u0627\u0644\u064a\u0629 \u0643\u0623\u0642\u0648\u0649 \u0623\u0633\u0647\u0645 \u0627\u0644\u0645\u062c\u0645\u0648\u0639\u0629 \u0632\u062e\u0645\u0627\u064b \u0647\u0630\u0627 \u0627\u0644\u0639\u0627\u0645. \u0648\u0647\u0630\u0627 \u064a\u0631\u0641\u0639 \u0633\u0642\u0641 \u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0644\u0648\u062d\u062f\u0629 AWS\u061b \u0648\u0623\u064a \u0646\u062a\u064a\u062c\u0629 \u062f\u0648\u0646 \u062a\u062d\u0633\u0646 \u0648\u0627\u0636\u062d \u0645\u0642\u0627\u0631\u0646\u0629 \u0628\u062a\u0648\u0642\u0639 \u0646\u0645\u0648 25% \u0642\u062f \u062a\u064f\u0639\u062f \u0645\u062e\u064a\u0628\u0629. \u0643\u0645\u0627 \u0644\u0648\u062d\u0638\u062a \u0632\u064a\u0627\u062f\u0629 \u0641\u064a \u0627\u0644\u0637\u0644\u0628 \u0639\u0644\u0649 \u062e\u064a\u0627\u0631\u0627\u062a \u0628\u064a\u0639 \u0628\u0639\u064a\u062f\u0629 \u0639\u0646 \u0627\u0644\u0633\u0639\u0631 \u0627\u0644\u062d\u0627\u0644\u064a (Out-of-the-money puts: \u0639\u0642\u0648\u062f \u062a\u062d\u0648\u0637 \u062a\u0631\u062a\u0641\u0639 \u0642\u064a\u0645\u062a\u0647\u0627 \u0639\u0627\u062f\u0629 \u0625\u0630\u0627 \u0647\u0628\u0637 \u0627\u0644\u0633\u0647\u0645)\u060c \u0645\u0627 \u064a\u0634\u064a\u0631 \u0625\u0644\u0649 \u0623\u0646 \u0628\u0639\u0636 \u0627\u0644\u0645\u062a\u0639\u0627\u0645\u0644\u064a\u0646 \u064a\u062a\u062d\u0648\u0637\u0648\u0646 \u0645\u0646 \u0627\u062d\u062a\u0645\u0627\u0644 \u0623\u0646 \u062a\u0643\u0648\u0646 \u0627\u0644\u0646\u062a\u0627\u0626\u062c \u0623\u0642\u0644 \u0645\u0646 \u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a.<\/p>\n
\u0648\u062a\u0628\u0642\u0649 \u0622\u0628\u0644 \u062d\u0627\u0644\u0629 \u0645\u062e\u062a\u0644\u0641\u0629\u061b \u0625\u0630 \u064a\u0631\u062a\u0643\u0632 \u0645\u0644\u0641\u0647\u0627 \u0639\u0644\u0649 \u0627\u0644\u0645\u062a\u0627\u0646\u0629 \u0623\u0643\u062b\u0631 \u0645\u0646 \u0646\u0645\u0648 \u0627\u0644\u0628\u0646\u064a\u0629 \u0627\u0644\u062a\u062d\u062a\u064a\u0629 \u0644\u0644\u0630\u0643\u0627\u0621 \u0627\u0644\u0627\u0635\u0637\u0646\u0627\u0639\u064a. \u0648\u064a\u062a\u0631\u0643 \u0627\u0644\u062a\u0642\u064a\u064a\u0645 \u0627\u0644\u0645\u0631\u062a\u0641\u0639 \u0639\u0646\u062f \u0646\u062d\u0648 28 \u0645\u0631\u0629 \u0645\u0646 \u0627\u0644\u0623\u0631\u0628\u0627\u062d \u0627\u0644\u0645\u062a\u0648\u0642\u0639\u0629 \u0645\u062c\u0627\u0644\u0627\u064b \u0636\u064a\u0642\u0627\u064b \u0644\u0644\u062e\u0637\u0623\u060c \u062e\u0635\u0648\u0635\u0627\u064b \u0625\u0630\u0627 \u062a\u0628\u0627\u0637\u0623 \u0646\u0645\u0648 \u0627\u0644\u062e\u062f\u0645\u0627\u062a \u0623\u0648 \u062c\u0627\u0621 \u0627\u0644\u062a\u0648\u062c\u0647 \u062a\u062c\u0627\u0647 \u0627\u0644\u0635\u064a\u0646 \u062d\u0630\u0631\u0627\u064b. \u0648\u0646\u0631\u0649 \u062a\u0642\u0644\u0628\u0627\u062a \u0636\u0645\u0646\u064a\u0629 \u0623\u0642\u0644 \u0647\u0646\u0627\u060c \u0645\u0639 \u062d\u0631\u0643\u0629 \u0645\u062a\u0648\u0642\u0639\u0629 \u0628\u0646\u062d\u0648 4.5%\u060c \u0645\u0627 \u064a\u0639\u0646\u064a \u0623\u0646 \u0627\u0644\u062a\u0631\u0643\u064a\u0632 \u0623\u0643\u0628\u0631 \u0639\u0644\u0649 \u0627\u0644\u062d\u0645\u0627\u064a\u0629 \u0645\u0646 \u0645\u0641\u0627\u062c\u0623\u0629 \u0633\u0644\u0628\u064a\u0629 \u0628\u062f\u0644\u0627\u064b \u0645\u0646 \u0627\u0644\u0631\u0647\u0627\u0646 \u0639\u0644\u0649 \u0635\u0639\u0648\u062f \u0645\u062f\u0641\u0648\u0639 \u0628\u0627\u0644\u0630\u0643\u0627\u0621 \u0627\u0644\u0627\u0635\u0637\u0646\u0627\u0639\u064a.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u062e\u0645\u0633\u0629 \u0645\u0646 \u00ab\u0627\u0644\u0633\u0628\u0639\u0629 \u0627\u0644\u0643\u0628\u0627\u0631\u00bb \u062a\u0639\u0644\u0646 \u0646\u062a\u0627\u0626\u062c\u0647\u0627 \u062e\u0644\u0627\u0644 \u064a\u0648\u0645\u064a\u0646 \u0648\u0633\u0637 \u0631\u0647\u0627\u0646\u0627\u062a \u062e\u064a\u0627\u0631\u0627\u062a \u0645\u0631\u062a\u0641\u0639\u0629: \u0647\u0644 \u062a\u064f\u062d\u0648\u0651\u0650\u0644 \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u0627\u062a \u0645\u0631\u0627\u0643\u0632 \u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0630\u0643\u0627\u0621 \u0627\u0644\u0627\u0635\u0637\u0646\u0627\u0639\u064a \u0625\u0644\u0649 \u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0648\u0647\u0648\u0627\u0645\u0634\u061f \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u062a\u0637\u0644\u0628 \u0639\u0627\u0626\u062f\u0627\u064b \u0644\u0627 \u0648\u0639\u0648\u062f\u0627\u064b.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-45306","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/posts\/45306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/comments?post=45306"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/posts\/45306\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/media?parent=45306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/categories?post=45306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/tags?post=45306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}