Apple (AAPL) reported fiscal first-quarter earnings that topped estimates as its services revenue rose, though iPhone sales fell short.
Apple's gross margin climbed to 46.9% in the latest quarter, topping the prior record of 46.6% reached in the period ended March. Services, which includes App Stores purchases, payments and advertising, are becoming a bigger part of the overall business, lifting Apple's profit margin.
Apple's latest earnings were a mixed bag filled with slipping iPhone sales and countered by rising revenue.
Tony Wang, T. Rowe Price Portfolio Manager, joins 'Closing Bell Overtime' to talk Apple earnings.
Gil Luria, D.A. Davidson technology research head, says Apple wants AI incorporated into the product, which takes time.
After-hours trading for Apple (AAPL) is mixed after it posted an earnings beat but missed iPhone revenue by about $2 billion vs Wall Street's estimates. However, the company still reported record revenue.
Ben Bajarin talks about what's next for Apple after it reported mixed earnings. The biggest black eyes include sales weakness in its iPhone sales, particularly in China.
The tech giant's sales of apps and services helped profit grow 7 percent from a year ago, even as the company contended with slumping sales in China.
CNBC's Steve Kovach, Patrick Moorhead, Moore Insights, and Tom Forte, Maxim Group, joins 'Closing Bell Overtime' to talk Apple earnings.
Apple (NASDAQ:AAPL) and Intel (NASDAQ:INTC) reported earnings after the stock market closed today.
Apple reported soft sales of its flagship iPhone during the holiday quarter, but still managed to top Wall Street forecasts for revenue and earnings per share. Revenue inched up 4% year-over-year in the period ended December 31 (the company's first quarter of fiscal 2025), reaching $124.3 billion.
Apple Inc (NASDAQ:AAPL, ETR:APC) reported quarterly earnings that topped Wall Street expectations on Thursday, with record revenue of $124.3 billion, despite a decline in iPhone sales in China. The company posted earnings per share (EPS) of $2.40, surpassing analysts' estimates of $2.35.