Apple's (AAPL) second quarter earnings beat Wall Street estimates. Adjusted earnings per share of $1.53 topped the $1.50 expectation. Revenue of $90.75 billion was just slightly better than the $90.33 billion estimate.  Revenue from the iPhone, Mac, and Services units topped expectations, but revenue from iPad and its wearables, home and accessories products unit fell short. Overall, iPhone sales are down 10% from a year ago. One closely watched number was Greater China revenue. That was $16.37 billion versus an estimate of $15.87 billion. The company also authorized a $110 billion share buyback plan and raise its dividend to $0.25 from $0.24. Yahoo Finance's Josh Lipton and Julie Hyman break down the tech giant's quarterly results. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Stephanie Mikulich...

Apple has suffered its biggest drop in iPhone sales for more than three years as Chinese shoppers turn away from the company and embrace domestic rivals such as Huawei...

Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset, deepening a slump that’s increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence. The 10% drop in year-over-year iPhone sales for the January-March period is latest sign of weakness in a product that generates most of Apple’s revenue. It marked the biggest drop in iPhone sales since July-September period in 2020, when production bottlenecks caused by factory closures during the pandemic resulted in a delayed release of that year's model...

Apple stock rose in late trading Thursday after the company reported quarterly results that came in just ahead of Wall Street estimates for revenue and net income. Shares in Apple were recently up nearly 4%. Here is a roundup of the high-level results compared with Wall Street expectations based on a FactSet survey of analyst estimates: + Revenue of $90.8 billion vs. expected $90.4 billion + Net income of $23.6 billion vs. expected $23.3 billion + GAAP earnings of $1.53 per share vs. expected $1.51 per share Apple also said its board approved an additional $110 billion in share repurchases and raised its quarterly dividend by a penny to 25 cents...

(Reuters) -Apple on Thursday reported a smaller than expected decline in quarterly revenue, and Chief Executive Tim Cook told Reuters the company expects a return to sales growth in the current quarter as it invests in AI features to be unveiled in the coming months. Apple increased its cash dividend by 4% and authorized an additional program to buy back $110 billion of its stock. Shares of Apple surged roughly 7% in extended trade after the report...

CUPERTINO, Calif., May 02, 2024--Apple® today announced financial results for its fiscal 2024 second quarter ended March 30, 2024. The Company posted quarterly revenue of $90.8 billion, down 4 percent year over year, and quarterly earnings per diluted share of $1.53...

The stock market today built on early gains. Apple rose ahead of earnings while Carvana shares catapulted on its results...