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Apple Inc. reported better-than-expected financial results for its fiscal second quarter, with revenue reaching $95.4 billion, a 5% increase year-over-year. The company’s services segment grew by 12% to $26.6 billion, highlighting a growing reliance on services alongside strong sales of iPhones, Macs, and iPads. Despite concerns over U.S. tariffs disrupting its supply chain, Apple warned that these tariffs could impose costs but noted the impact was relatively limited, with an estimated quarterly hit of about $0.05 per share, or $900 million. Management expressed confidence by raising guidance and emphasizing solid revenue growth contributions across its product and service lines.
$AAPL Q2 revenue reached $95.4B, up 5% YoY, beating expectations, marking a solid quarter. Management displays confidence, with raised guidance and solid revenue growth contributions. Services grew to $26.6B, up 12% YoY, enhancing dependency on services amidst hardware https://t.co/C60IMIv6u1
Analyst during $AAPL call: "If you had told me that on April 2 that your hit from tariffs was only a $0.05-ish a quarter at $900 million, that would have been a pretty good outcome, given the panic that ensued. I'm surprised that it's that low."
.@Apple Q2 better than expected: Was it tariffs pulling up demand? https://t.co/IAcwKwIBZ8 Apple reported better-than-expected for its fiscal second quarter as iPhones, Macs and iPads sold well. https://t.co/H6Qhhu1Tek
