Apple (AAPL) reported fiscal second-quarter revenue and earnings that surpassed analysts' expectations, with higher-than-expected iPhone sales.
Apple CEO Tim Cook commented on the impact of President Trump's tariffs during Thursday's second-quarter earnings call with investors. While the iPhone maker saw only “limited impact” from tariffs in the March quarter, Cook said Apple couldn't forecast what that would mean for the coming quarter.
Tariff uncertainty has sent shares of Apple, which makes 90% of its products in China, down about 15% this year.
Apple's quarterly sales and profit for the second quarter narrowly beat out Wall Street expectations as iPhone sales were strong in the face of impending tariffs
Shares of Apple (AAPL) fade after its 2Q earnings beat on the top and bottom line. Apple declared a 4% increase to its dividend as well as authorizing an additional share repurchase program up to $100B.
Apple beat on the top and bottom line for its fiscal second quarter ending in March but Wall Street is holding tight for any guidance from CEO Tim Cook on the impact of tariffs on its business. That should come on an earnings call set for 5 pm ET.
Apple Inc (NASDAQ:AAPL, ETR:APC)shares fell more than 2% in extended trading on Thursday, despite the iPhone maker beating Wall Street expectations for both profit and revenue in its fiscal first quarter, as investors focused on weaker-than-expected Services growth and a decline in China sales. The company reported earnings per share of $1.65, above analysts' expectations of $1.63, and revenue of $95.4 billion, up 5% from a year ago and topping estimates of $94.5 billion.
The company's revenue reached $95 billion, driven by customer buying before tariffs and by interest in the newly released 16e model.
“To hide the truth, Vice-President of Finance, Alex Roman, outright lied under oath,” according to US District Court Judge Yvonne Gonzalez Rogers.
Tech giants Meta and Microsoft are surging; bulls would like to see further positive reactions to earnings.
A federal judge said Apple (AAPL) violated an antitrust ruling linked to the tech firm's control over its App Store and ordered it to loosen restrictions.Apple, which reports second-quarter earnings after the bell, said it would appeal.
Barton Crockett, Rosenblatt Securities analyst, joins ‘Squawk on the Street' to discuss Apple as the iPhone maker reports earnings after the bell.