Apple beat Wall Street's expectations in its quarterly earnings report Thursday afternoon, despite the worst iPhone sales in years, as hype builds ahead of the artificial intelligence iPhone's launch later this year.
Apple Inc (NASDAQ:AAPL, ETR:APC) reported stronger-than-expected earnings for the third quarter of 2024, but its performance in China was below analyst forecasts. For the quarter, Apple's earnings per share (EPS) came in at $1.40, surpassing the consensus estimate of $1.35.
Apple on Thursday reported a return to sales growth in its fiscal third quarter as iPhone revenue topped Wall Street targets, helping cushion a bigger-than-expected sales decline in major market China.
Apple's AAPL -1.68%decrease; red down pointing triangle iPhone revenue fell for a second consecutive quarter, a sign of soft demand in its core business as the company prepares to release new AI features in the fall.
From launching a new AI platform to providing strategic discounts in China, things look hunky-dory for Apple (APPL) in a moribund August.
Apple and Amazon earnings reports after close could jolt the Nasdaq 100, influencing US stock market trends. Key insights and projections inside.
Apple on Thursday asked a U.S. judge to dismiss federal and state antitrust regulators' lawsuit accusing the iPhone maker of illegally monopolizing the smartphone market.
UPDATE—Aug. 1, 2024: This article has been updated to reflect more recent analyst estimates and share price information, as well as news related to Apple Intelligence.
Apple reports fiscal third-quarter earnings after the bell. This year, the "main event" won't be Apple's earnings, wrote Barclays analyst Tim Long, it's what Apple says about the September quarter, which is nearly one-third over.
Longtime Berkshire Hathaway investor Chris Bloomstran expects Warren Buffett's investment firm to disclose second-quarter stock sales of iPhone maker Apple.
Apple Inc AAPL will be reporting its third-quarter earnings on Thursday. Wall Street expects $1.34 in EPS and $84.36 billion in revenues as the company reports after market hours.
Amazon.com, Inc. (AMZN), Apple, Inc. (AAPL), NVIDIA Corporation (NVDA) and Netflix, Inc. (NFLX) are likely to gain once the Fed starts rate cuts.