Apple beat on the top and bottom line for its fiscal second quarter ending in March but Wall Street is holding tight for any guidance from CEO Tim Cook on the impact of tariffs on its business. That should come on an earnings call set for 5 pm ET.
Apple Inc (NASDAQ:AAPL, ETR:APC)shares fell more than 2% in extended trading on Thursday, despite the iPhone maker beating Wall Street expectations for both profit and revenue in its fiscal first quarter, as investors focused on weaker-than-expected Services growth and a decline in China sales. The company reported earnings per share of $1.65, above analysts' expectations of $1.63, and revenue of $95.4 billion, up 5% from a year ago and topping estimates of $94.5 billion.
The company's revenue reached $95 billion, driven by customer buying before tariffs and by interest in the newly released 16e model.
Consumer Electronics Industry | Technology Sector | Mr. Timothy D. Cook CEO | BCBA Exchange | US0378331005 ISIN |
United States Country | 164,000 Employees | 10 Feb 2025 Last Dividend | 31 Aug 2020 Last Split | 12 Dec 1980 IPO Date |
Apple Inc., a global leader in technology, focuses on designing, manufacturing, and marketing a wide range of electronic devices and services. Its product line extends from smartphones and personal computers to wearables and accessories, catering to consumers, small and mid-sized businesses, as well as the education, enterprise, and government sectors. Through both physical retail and online stores, along with a network of third-party carriers and resellers, Apple has established a robust distribution channel worldwide. With its inception in 1976, Apple has grown to become an integral part of the tech industry, headquartered in Cupertino, California.
iPhone: Apple's flagship line of smartphones, renowned for their advanced features, sleek design, and powerful performance.
Mac: A series of personal computers designed by Apple, known for their innovative design and user-friendly interface.
iPad: Multi-purpose tablets offering a versatile computing experience, suitable for both professional and personal use.
Wearables, Home, and Accessories: This category includes AirPods, Apple TV, Apple Watch, Beats products, and HomePod, enhancing users' digital lifestyle through connectivity and entertainment.
AppleCare Support and Cloud Services: Provides users with extended warranty options and cloud storage solutions, ensuring data is safely stored and devices are maintained.
App Store: A digital platform allowing customers to explore and download a vast array of applications and digital content, ranging from books and music to video games and podcasts.
Apple Arcade: A subscription-based game service offering access to exclusive and premium games across all Apple devices.
Apple Fitness+: A personalized fitness service that integrates with Apple Watch, offering a range of workout routines led by expert instructors.
Apple Music: A streaming service providing a curated listening experience with a vast library of songs, on-demand radio stations, and playlists.
Apple News+: Subscription service offering access to hundreds of magazines and leading newspapers, curated for interest and relevance.
Apple TV+: Apple's entry into the streaming content world, providing exclusive original shows, movies, and documentaries.
Apple Card: A co-branded credit card offering a unique blend of financial management features within the Apple ecosystem.
Apple Pay: A secure and easy-to-use cashless payment service, designed to make transactions simple and private.
Intellectual Property Licensing: Apple licenses its cutting-edge technology and designs, allowing other companies to utilize its innovations under specific agreements.