Apple announced EPS and revenues that th modestly beat expectations:
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Revenue: $95.36 billion
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vs. estimate: $94.59 billion → BEAT
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vs. Q2 2024: $90.75 billion → +5.1%
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Earnings Per Share (EPS): $1.65
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vs. estimate: $1.63 → BEAT
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vs. Q2 2024: $1.52 → +8.6%
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Revenue by Product Segment
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iPhone: $46.84 billion
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vs. estimate: $46.17 billion → BEAT
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YoY growth: +2.3%
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Driven by iPhone 16e demand despite macro headwinds
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Mac: $7.95 billion
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vs. estimate: $7.92 billion → BEAT
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YoY growth: +10.4%
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Boosted by M4 MacBook Air refresh
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iPad: $6.40 billion
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vs. estimate: $6.07 billion → BEAT
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YoY growth: +8.5%
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Supported by new iPad Air and Pro models
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Wearables, Home & Accessories: $7.52 billion
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vs. estimate: $7.85 billion → MISS
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YoY decline: −1.8%
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Soft global demand, especially for accessories
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Services: $26.65 billion
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vs. estimate: $26.69 billion → MISS (slightly)
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YoY growth: +17.9%
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Strength in App Store, iCloud, and subscriptions
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Geographic Performance
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Greater China: $16.0 billion
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vs. estimate: $15.9 billion → BEAT
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Modest growth despite local competition
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Capital Return
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Dividend: Raised by 4% to $0.26/share
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Buyback: New $100 billion share repurchase authorization
Shares of Apple are trading down -2.12% after earnings
This article was written by Greg Michalowski at www.forexlive.com.
