Apple stock pops 6% after results top estimates, company reveals $110 billion buyback

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 58 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 63%

Apple Nouvelles

Luca Maestri,Revenue Growth

Apple shares popped after it reported better-than-expected Q2 earnings and boosted its dividend and share repurchase plans.

The iPhone maker reported late Thursday second quarter earnings per share 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.

In its fiscal second quarter, revenue came in at $7.45 billion versus an anticipated $6.79 billion, while iPad revenue hit $5.55 billion. Analysts were expecting $5.91 billion. Wearables, which includes AirPods, the Apple Watch, and Vision Pro, saw revenue of $7.91 billion. Wall Street was looking for $8.28 billion.

Apple is also gearing up for its Worldwide Developers Conference in June, where it will reportedly unveil the latest versions of its iOS, macOS, watchOS, iPadOS, and visionOS operating systems. One of the biggest announcements at the show will likely be how Apple will integrate generative AI into its various products.

Apple may be relatively late to the generative AI party, with rivals across Big Tech already rolling out their own product offerings to consumers and enterprise customers. Still, the company has been busy buying up AI firms and building its own large language model to potentially power its AI efforts.

Wrexham co-owner Ryan Reynolds says ‘the thick buttress of bureaucracy is the biggest f***ing problem’ as Hollywood star battles U.K. planning laws over 55,000 seater stadium

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Tron Transfers $110 Billion Worth of USDTs, Dominates Stablecoin MarketUSDT reserves on Tron have expanded sharply, accounting for more than 52% of its total circulating supply. USDT also accounts for more than 98% of Tron's stablecoin market cap. Low network fees and Tron's cost advantages have attracted users to transfer USDT on the platform.
La source: CryptoAmb - 🏆 22. / 68 Lire la suite »