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-0.00310625034785994 -0.00194801580675696 0.0189235821227805 0.0227750876607112 0.0327823231479935 0.0277174820504257 0.0215951466577614 0.0194245004730894
Stock impact report

Apple beats Q2 estimates, as iPhone sales decline 10% [Yahoo! Finance Canada]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
lines, but revenue declined 4% year-over-year on slower iPhone, Mac, iPad, and wearables sales than the same period in 2023. Still, the company announced it was authorizing an additional $110 billion for share repurchases and increased its dividend to $0.25 per share. Shares of Apple rose 2% following the report. Apple's Greater China revenue slide 8% year-over-year to $16.37 billion, though that was better than the $15.87 billion analysts were expecting. The company's all important iPhone revenue topped out at $45.96 billion, down from $51.33 in Q2 last year. ADVERTISEMENT Overall, Apple reported earnings per share (EPS) of $1.53 on revenue of $90.8 billion. Wall Street was anticipating EPS of $1.50 on revenue of $90.3 billion, according to analyst estimates compiled by Bloomberg. Apple is dealing with a one-two combination of a resurgent Huawei and a slowing economy in China, which is cutting into its sales. The company's stock is off some 10% year to date and 2% over Show less Read more
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