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0.000108695652173969 0.00198369565217396 0.00190217391304345 0.00190217391304345 0 -0.00255434782608695 -0.00114130434782613 -0.00190217391304345
Stock impact report

Apple needs to become 'less dependent' on the iPhone: Analyst [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
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 Show less Read more
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