By the time the Fed next has a chance to cut rates, will it be too late? Plus earnings from Apple (AAPL), Amazon (AMZN) and more.
While the top- and bottom-line numbers for Apple (AAPL) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Apple reported a decline in iPhone revenue for its third quarter. But revenue, along with overall profit, still beat Wall Street's expectations.
Apple (AAPL) came out with quarterly earnings of $1.40 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.26 per share a year ago.
Apple (AAPL) reported third-quarter results that beat analysts' estimates as services revenue surged to a record high.
Apple wants an antitrust case accusing it of dominating the smartphone market thrown out. The tech giant says the U.S. government's suit “bears no relation to reality” and should be dismissed by a federal judge, Bloomberg News reported Thursday (Aug. 1), citing a court filing.
Apple on Thursday announced that it its third-quarter financials beat Wall Street expectations, as its overall revenue ticked up 5%. iPad, which had languished in recent years, saw the biggest category increase for the quarter, up from $5.8 billion to $7.2 billion year-over-year.
Tech giant's revenue rises 4.9% to $85.78bn despite phone sales falling 0.9% and trend of decline in key China market
Qualcomm Incorporated faces risks from Apple's potential use of in-house 5G chips and export restrictions to Huawei in China. Management is optimistic about growth in the AI PC and handset markets, but potential downside risks remain. Despite solid Q3 earnings, uncertainties surrounding Apple and China pose significant risks for Qualcomm's future growth.
While iPhone sales dropped 1 percent, consumer interest in Apple's flagship product is expected to pick up later this year.
Sales of iPhones fell 0.9% to $39.30 billion, a smaller decline than the 2.2% drop analysts expected. Total revenue rose 4.9% to $85.78 billion.
Apple, Inc. AAPL reported third-quarter earnings Thursday that exceeded expectations and revenue that grew year-over-year and came in ahead of the Street forecast. The outperformance was aided by strong showings across product categories.