Apple Inc. reported a less severe sales decline than anticipated in its second fiscal quarter, with revenues totaling $90.8 billion, down from $94 billion in the previous year. Despite a 10.5% drop in iPhone sales, which fell from $51 billion to $46 billion, the company saw an increase in service revenues by approximately 12%, reaching $23.9 billion. Notably, Apple's performance in China was better than expected, with sales only dropping 8% year-over-year to $16.4 billion, surpassing the forecast of $15.9 billion. Additionally, Apple announced a record $110 billion stock buyback, the largest in its history, which contributed to a 3% rise in its stock price after the earnings announcement. The company also reported a net income of $23.63 billion and an EPS of 1.53.
Apple has reported slumping iPhone sales in its second quarter 2024 earnings results, as well as a drop in overall revenue 🚨 #iPhone https://t.co/es9K8YgL8a
Apple revenue falls but not as much as expected https://t.co/Y6PAC1GSVg
Apple delivered much better than feared March Q with a China story showing signs of a turnaround (vs the doomsday predictions). June growth guide and the eye popping $110 billion buyback just the start of AI driven supercycle coming to Cupertino. Will discuss on @SquawkStreet 👇 https://t.co/KX6Wy50FXd
Apple stock jumps after buyback announcement, China sales show nuance https://t.co/KG67MSAM8p
#Apple sets revenue records in #India even as overall revenues decline owing to a fall in #iPhone sales. Read more https://t.co/C2B4uSbyUf https://t.co/Hvvbd55b1Z
FPTech: Apple's stock buyback plan worth $110 bn largest in US history, shares grow 7.9% despite dip in sales https://t.co/3eiqtJmNOw
#Apple surprised investors with a decent beat on quarterly revenue from #China, countering months of data that showed a quickening decline in #iPhone sales https://t.co/p8EzqMFGv0
Apple's Fallen! Profits Drop & Sales Decline - Tech Giant Pins Hopes on India? Things are souring for the Big Tech behemoth, as revenue dipped for a fifth quarter on the spin. Despite the gloom, Apple still recorded a profit of $23.6bn for January through March. iPhone sales… https://t.co/rPKMP7kuiA
WATCH: Apple's quarterly results and forecast beat modest expectations, as the iPhone maker unveiled a record $110-billion share buyback program, sending its stock jumping in extended trade https://t.co/I69NbiqOnp $AAPL https://t.co/hT5RSVTYM2
Apple sales fall less than expected, beating Wall Street estimates https://t.co/Czk4z6eQ3m
#Apple sets #revenue #records in #India amidst overall slump, says CEO #TimCook https://t.co/pU2sBvDS3B
Apple surprised investors with a decent beat on quarterly revenue from China, countering months of data that showed a quickening decline in iPhone sales https://t.co/YhTVybIYRO
.@Apple sets revenue records in India amidst overall slump, says CEO @tim_cook The company posted $90.75 billion in revenue in the March quarter, up from $81.8 billion in the year-ago period, beating analyst expectations. https://t.co/JO9ZpFhLz9
Apple blows away Wall Street earnings guesses, even with weak China iPhone sales https://t.co/1mhflHVoFg #Apple
#Apple's iPhone Sales Are Down By 10 Pct But India Sees Record Revenue https://t.co/MezJbgAO7g
News Alert | Here's what Apple CEO Tim Cook had to say about the company's growth in India👇 @Apple @tim_cook #Apple https://t.co/PYDVlpKFbI
Apple profit falls but beats expectations https://t.co/CyoMqRvN4x
Apple profit ebbs as iPhone sales under pressure https://t.co/Zbmt0pxaGB
Apple's quarterly results and forecast beat modest expectations on Thursday, with the iPhone-maker unveiling a record share buyback program. https://t.co/HORxMrl3Zf
Apple sales slip, but investors offered bite of $110 billion stock buyback https://t.co/4scS9UVILz
Apple Sales Fall as iPhone, China Businesses Remain Sluggish https://t.co/ljem9ZL4Zu
Apple's quarterly iPhone sales plunge 10%, but stock price surges on dividend, stock buyback news https://t.co/LwUrpSbGRq
Apple iPhone revenue down 10% YOY $AAPL
Apple reports Q2 revenue down 8.1% YoY to $16.4B in Greater China, down 12.7% YoY to $6.3B in Japan, and down 17.2% YoY to $6.7B in the rest of Asia-Pacific (Nikkei Asia) https://t.co/TpEv6SWNIU 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/uuTXPEqNW6
Apple Soars After iPhone, China Sales Drop Less Than Feared; Unveils Record-Breaking $110 Billion Buyback https://t.co/JGVbi8EULf
Apple’s fiscal second-quarter earnings were slightly higher than Wall Street expectations, but showed overall revenue down 4%, and iPhone sales falling 10%. The iPhone maker announced that its board had authorized $110 billion in share repurchases, the largest in company… https://t.co/qwgro2O787
Despite posting its steepest quarterly decline in iPhone sales since the beginning of the pandemic, Apple's stock surged Thursday after the company announced a 4% increase in its quarterly dividend and a $110 billion stock buyback plan. https://t.co/AvKOEh3Sz5
Apple’s quarterly iPhone sales plunge 10%, but stock price surges https://t.co/n6ZqxWJPpR https://t.co/derGPT5sYR
⚠️BREAKING: *APPLE JUMPS 6% AFTER FISCAL Q2 RESULTS TOP ESTIMATES; UNVEILS BUMPER $110B STOCK BUYBACK $AAPL https://t.co/IJQd3dGI3I
Apple made $90.4B in revenues in one QUARTER. Down 4%. iPhone sales down 10%. $23.6B in net income, down 2%.
Apple said its quarterly profit ebbed but topped market forecasts as it announced an unprecedented $110 billion share buyback https://t.co/7BKXX6i4yP https://t.co/vWfdLn2ygj
Apple jumped after its sales declined less sharply than feared last quarter https://t.co/RYfs9SN7Es
Apple $AAPL just gave some "guidance" for what it's expecting next quarter: - Total Revenue up in the low single digits percent YoY - Services Revenue up double digits percent YoY - iPad Revenue up double digits percent YoY
Apple reports slumping iPhone sales as global demand weakens https://t.co/ZFxOYA4pbV
Apple iPhone sales drop 10.5% as China headwinds persist https://t.co/kPvyUZNKuf
Apple surging after announcing a historic $110 billion stock buyback, even as iPhone sales drop 10% in Q1. @RiskReversal, @karenfinerman, @GuyAdami and @CourtneyDoming weigh the good and bad from the latest earnings print. $AAPL https://t.co/n53hLGccK0
Apple's revenue in China • Down 8% for the quarter • Still beat analyst estimates ($16.4B vs. $15.9B) Tim Cook rn https://t.co/FOcyxSG31j
Apple jumped in late trading after its sales declined less sharply than feared last quarter, helped by stronger-than-expected demand in China https://t.co/G7Bag3zIzP
Apple sales fall less than expected, CEO sees return to growth https://t.co/aUZBfaIwhj
Apple sales declined less sharply than feared last quarter, helped by stronger-than-expected demand in China, sparking optimism that the company’s slowdown is easing. @emilychangtv spoke to CFO Luca Maestri by phone https://t.co/FjPc3T4oFH https://t.co/8iosbEO7xK
Apple announced that its board had authorized $110 billion in share repurchases, the largest in the company’s history. https://t.co/m4bmhuucrq https://t.co/EU3t91gCcs
Apple reported a 10% drop in iPhone sales for the second fiscal quarter, dropping from $51.3 billion to $45.9 billion, year-over-year https://t.co/NVXbGMTHqg
Apple misses on iPhone sales but beats with China performance https://t.co/7Ig0aqJmp0 via @marketwatch
Apple earnings: Stock rises upon China revenue beat, $110 billion buyback boost https://t.co/eWRz2vzEIG via @marketwatch
Apple fiscal Q2 results top estimates; unveils bumper $110B stock buyback https://t.co/FEg5opMHTn https://t.co/MMBhjoowzU
Apple Q2: revenue from Services, which includes Apple TV+ and Apple Music, rose 14% YoY to $23.9B vs. $23.27B estimated (@xpangler / Variety) https://t.co/0DZpFgvuB4 https://t.co/TlqYHCsXN3
The iPhone achieved $45.96 billion in revenue, beating out analysts' expectations as the device's sales performance is China is better than initially feared $AAPL https://t.co/YQvRbTBYNK https://t.co/22aUbFyDhA
$AAPL | Apple Q2 Earnings Beat Muted Forecast On Services, Mac Strength: Installed Base At Fresh Record, Cupertino Announces Massive $110B Buyback Apple shares have underperformed the broader market and its tech peers and are down sharply this year. Analysts expect CEO Tim Cook… https://t.co/8o23WwMeLQ
Apple earnings see 10% iPhones sales drop https://t.co/NVXbGMT9AI
1) $AAPL Mar Q. No guide yet but better than feared so far. $90.8B v 90.3B cons iPhone $46B v $45.8B Mac $7.45B v $6.8B iPad $5.56B v 5.9B Wearable $7.9B v 8.3B Services $23.9B v $23.3B OI $27.9B v $27.6B Greater China $16.4B v 15.9B (-8% Y/Y but better!) Higher $110B buyback
$AAPL Q2 by numbers- 🍎Revenue 90 billion. Down from 94 billion . 🍎EPS 1.53. No change. 🍎Net income down from $24 billion to $23.63 billion. 🍎iPhone sales down from $51 B to $46 billion. 🍎Services sales up about 12%. 🍎Sales down in China, US, Europe & Japan.
Apple Earnings Come In Hot—China Blow Less Painful Than Feared https://t.co/cmsaG6BDGs https://t.co/Eoz6wnWt8U
Apple rises after earnings show a sales decline less severe than anticipated https://t.co/QEPBqsLPlC https://t.co/GPVPpxQbhE
Apple's 2Q24 results by product category: iPhone: $46.0B (vs. my $47.1B estimate) Mac: $7.5B (vs. my $7.0B) iPad: $5.6B (vs. my $6.0B) Wearables / Home / Accessories: $7.9B (vs. my $8.3B) Services: $23.9B (vs. my $23.5B) Few small beats here / few small misses there.
Apple sales declined less sharply than feared last quarter, helped by stronger-than-expected demand in China, sparking optimism that the company’s slowdown may be easing. https://t.co/8gFJB6outq
APPLE SHARES RISE 3% AFTER 2Q EPS, REVENUE BEAT ESTIMATES.