Tag AAPL

Paramount's exclusivity window with Skydance expires on Friday...

Apple (AAPL) stock is getting a bump higher after topping its fiscal second-quarter earnings estimates. The tech giant posted adjusted earnings per share of $1.53 (beating expectation of $1.50) and revenue of $90.75 billion (just slightly above estimates of $90.33 billion estimate). Facing challenges in China's consumer market, iPhone sales notably declined 10% annually. Maxim Group Managing Director and Senior Consumer Internet Analyst Tom Forte joins Yahoo Finance to discuss Apple's earnings results and its opportunities to find consistent revenue streams outside of its landmark iPhone devices. "Apple needs to have a better narrative as it pertains to its AI plans, both to sell its smartphones, the next generation of iPhones, and also to sell its stock," Forte says. "I think that anything Apple can say right now on its AI plans and generative AI could be a boost even if it won't materially move smartphone sales for the company." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Luke Carberry Mogan...

Consumer electronics giant Apple narrowly beat Wall Street's estimates for its fiscal second quarter. Apple stock rose on the news...

(Bloomberg) -- Apple Inc. shares jumped in late trading after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism that a slowdown is easing. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaTurkey Confirms All Trade Halt With Israel Over War in GazaUS and Sa...

Apple (AAPL) shares are rising in after-hours trading after topping Wall Street's second quarter expectations. Yahoo Finance Technology Editor Dan Howley breaks down the tech giant's earnings report. Howley highlights key successes such as an all-time services revenue high, coming in at $23.87 billion, up from $20.91 billion. Mac also performed higher than anticipated, totaling $7.45 billion from its previous $6.79 billion. China's sales still lag, but they came in at $16.37 billion, higher than the Street's anticipated $15.87 billion. While the iPhone, iPad, and wearables missed expectations this quarter, Apple stock received a boost after the company announced an increased dividend to $0.25 per share alongside the authorization of $110 billion for share repurchases. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Melanie Riehl...

Apple Posts Surprise Gain in Quarterly Earnings, Boosts Share Buyback by $110 Billion...

The iPhone maker authorized $110 billion in share buybacks and forecast a return to revenue growth in the current quarter...

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...