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Strong iPhone sales propel Apple's fiscal Q3 results past Wall Street's expectations
Associated Press6d agoneutral
Strong iPhone sales propel Apple's fiscal Q3 results past Wall Street's expectations

Apple posted a solid fiscal third quarter on Thursday, climbing past Wall Street's expectations thanks to strong sales of the iPhone and MacBook computers. Apple raised the prices of its Macs and iPads last month, citing a memory-chip shortage brought on by the artificial intelligence boom. The company had called the demand spike an “unprecedented challenge” for the consumer electronics industry.

Apple's Services Revenue Misses the Mark
Barrons.com6d agobearish
Apple's Services Revenue Misses the Mark

Apple's services business didn't quite meet Wall Street expectations in the latest quarter. The segment includes sales from the App Store, Apple Music, iCloud and other software-like offerings. It's a crucial part of Apple's business as it provides the company with a continued revenue stream from existing customers beyond product purchases.

Apple’s (NASDAQ:AAPL) Q2 CY2026 Sales Top Estimates
StockStory6d agoneutral
Apple’s (NASDAQ:AAPL) Q2 CY2026 Sales Top Estimates

iPhone and iPad maker Apple (NASDAQ:AAPL) reported Q2 CY2026 results exceeding the market’s revenue expectations, with sales up 16.4% year on year to $109.4 billion. Its GAAP profit of $2.02 per share was 6.7% above analysts’ consensus estimates.

Apple exceeds Q3 earnings estimates, boasts $109.4 billion in revenue
Yahoo Finance Video6d agoneutralVIDEO
Apple exceeds Q3 earnings estimates, boasts $109.4 billion in revenue

Apple (AAPL) released results for its fiscal third quarter, revealing earnings of $2.02 per share (vs. estimates of $1.80) and revenue of $109.42 billion (vs. estimates of $108.85 billion). The stock is ticking lower in Thursday's after-hours trading. Asking for a Trend Host Josh Lipton dives into Apple's earnings figures.

Apple Is the 'Easy Pass' to Consumer AI, Dan Ives Says
Benzinga6d agoneutral
Apple Is the 'Easy Pass' to Consumer AI, Dan Ives Says

Apple Inc. (NASDAQ:AAPL) may not be building the world’s most advanced artificial intelligence models, but Dan Ives believes it could still become one of the biggest consumer AI winners. Speaking on The Real Eisman Playbook, the veteran tech analyst argued that Apple’s greatest advantage isn’t competing with OpenAI, Anthropic or Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google on foundation models—it’s owning the devices through which billions of people will eventually access AI. The Consumer

A Farewell to Tim Cook
Barrons.com6d agoneutral
A Farewell to Tim Cook

Don't be surprised to hear a goodbye message from Cook on Apple's earnings call Thursday. Investors may also hear from Cook's successor, Ternus, currently Apple’s senior vice president of hardware engineering. While Ternus spoke briefly on Apple's earnings call in April, Cook and Chief Financial Officer Kevan Parekh still ran the show.

Why Apple's Earnings Need 'Zero Blemishes'
Barrons.com6d agoneutral
Why Apple's Earnings Need 'Zero Blemishes'

Apple stock is just two days removed from an all-time closing high. Numerous price hikes across Apple products will likely boost revenue and earnings over the next six to 18 months, the firm argues, but these fundamentals appear baked in to the stock. "The tactical setup into earnings is neutral/tougher as it requires zero blemishes across the board," Erik Woodring, an analyst at Morgan Stanley, wrote in a research note last week.

Don't Expect a Big Stock Move After Apple's Earnings
Barrons.com6d agoneutral
Don't Expect a Big Stock Move After Apple's Earnings

Apple isn't a particularly volatile stock, and that will likely hold true after Thursday's earnings report. The stock hasn't swung by more than four percentage points after earnings since May 2024, even after some stellar results. A year ago, Apple beat estimates for earnings per share by 9.1%, and shares slipped 2.5% in response.

New 'Apple Upgrade' Program Might Be a Talking Point Today. What to Know.
Barrons.com6d agobullish
New 'Apple Upgrade' Program Might Be a Talking Point Today. What to Know.

Apple's earnings report comes days after the company launched Apple Upgrade in the U.S.—a program that BofA Securities says could improve affordability for consumers and help the company wrestle some control from wireless carriers. As part of Apple Upgrade, customers now have one- or two-year leasing options for iPhones and Apple Watches, and two- or three-year options for Macs and iPads. Apple has long offered trade-ins and financing plans, but "the new structure packages those familiar mechanics into a broader platform spanning major hardware categories," wrote Wamsi Mohan, an analyst at BofA.