From Yahoo Finance: 2025-05-01 18:17:00

Apple’s fiscal second-quarter earnings show resilience with $95.4 billion in revenue, up 5% YoY, and $1.65 EPS, up 8% YoY. Despite beating Wall Street’s expectations, sales from services and China disappointed. American consumers rushed to buy before tariffs hit, boosting iPhone 16e sales. Stock slid 2% post-earnings call due to tariff concerns. Cook anticipates $900 million impact next quarter from tariffs. Apple shifting production to India and Vietnam to mitigate tariff risks.



Read more at Yahoo Finance: Apple earnings beat expectation as Americans rush to buy iPhones before tariffs