Apple Inc. beat estimates with $143.76 billion in revenue and $2.84 EPS, exceeding expectations. Despite this, shares barely moved, as investors await clearer evidence of AI driving future growth. Apple issued strong guidance for March quarter, but stock only gained less than 1% in after-hours trading.

Investors are skeptical of Apple’s AI strategy, wanting more clarity on its impact. Munster noted customers are satisfied, but investors want clearer AI milestones. Apple’s unveiling of Apple Intelligence in mid-2024 raised expectations, leading to a credibility gap when growth didn’t accelerate as expected. CEO Tim Cook now adopts a talk less, show later approach.

Read more at Yahoo Finance: Investors Want More AI Substance