From Morningstar: 2025-05-12 04:36:00

Apple released its fiscal second-quarter earnings report on May 1. Revenue rose 5% to $95.4 billion, with iPhone revenue up 2% to $46.8 billion. Gross margin increased to 47.1%. June-quarter guidance predicts modest revenue growth and margin contraction due to $900 million impact from US tariffs. Morningstar sees positive results but warns of risk from tariffs. Apple stock is fairly valued at $200 per share with a 3-star rating. The company’s economic moat rating is wide, with strong customer loyalty and ecosystem integration. Financially, Apple plans to return capital to shareholders while increasing net leverage. The firm faces risks from consumer spending trends, competition, and geopolitical issues in its supply chain. Bulls praise Apple’s ecosystem and chip development, while bears worry about cyclicality and supply chain concentration.



Read more at Morningstar: After Earnings, Is Apple Stock a Buy, a Sell, or…