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.
Apple beat Wall Street's quarterly profit estimates on Thursday, but iPhone sales and China revenue for the holiday quarter were weak due to stiff Chinese competition and a slow rollout of artificial intelligence features.
Capital Area's Malcolm Ethridge and Requisitte's Bryn Talkington, join 'Closing Bell' to discuss their expectations for Apple's earnings and their overall market outlook.
Meta Platforms' NASDAQ: META uptrend will continue because the business is evolving into an enduring, blue-chip consumer technology leader akin to Apple NASDAQ: AAPL. Among the highlights from the Q4 report is the growing momentum with the Ray-Ban smart glasses.
Investors pay close attention to tech company's foray into AI after Apple Intelligence glitches and inaccuracies
A company's ability to pay a dividend to shareholders means its business is sufficiently successful to generate profits.
The December quarter is Apple's largest of the year, partially due to the holiday shopping season and also because it is the first full quarter of new iPhone sales. While analysts are not worried about the company's performance in the December quarter, many of them are concerned about how Apple will signal the March quarter is shaking out.
Just when we think Weekly Jobless Claims may break out to a new level higher, they pull back down.
Apple Inc (NASDAQ:AAPL, ETR:APC) will hand down its latest earnings report after Thursday's closing bell with Bank of America analysts expecting a strong quarterly performance driven by initial demand for the iPhone 16, which launched back in mid-September. Wall Street analysts, on average, expect Apple to report earnings per share of $2.36 on revenue of $124 billion, while BofA expects revenue to come in higher at $126 billion.
Tim Long, Barclays managing director, joins 'Squawk Box' to preview Apple's quarterly earnings results, what to expect from the tech giant, and more.
Ahead of Apple's (AAPL) earnings, Kim Forrest says that the upgrade cycle for iPhone users has changed, as phones have improved and become more durable, while the company faces headwinds as Chinese consumers turn toward domestic products. Forrest says that the uncertainty of how A.I.
Major League Soccer and Apple announced details of this year's MLS Season Pass streaming package on Wednesday. And this time, the details weren't just about MLS and Apple.