News about Apple

Apple reports decline in sales and profit with Q2 2024 results: $90.75 billion revenue and $23.6 billion profit Revenue breakdown: 📱 iPhone: $45.96 billion (10.46% drop) 💻 Mac: $7.45 billion (3.9% increase) 📱 iPad: $5.56 billion (16.64% drop) ⌚️ Wearables, Home, and… pic.twitter.com/Wq1cuyjS75

Apple sales declined less sharply than feared last quarter, helped by stronger-than-expected demand in China, sparking optimism that the company’s slowdown may be easing. www.bloomberg.com/news/articles/2024-05-02/apple-sales-decline-less-than-feared-as-company-plots-comeback?utm_medium=email&utm_source=newsletter&utm_term=240502&utm_campaign=author_19842959&sref=9hGJlFio

Analyst questions all over the place on this Apple earnings call. You can sense a lot of "not sure what to make of this" feeling. So...not much has changed.

Analyst to Apple (paraphrasing): Will you borrow more debt to buy back shares more aggressively? Luca Maestri: We just increased our buyback pace. Let's take it one step at a time.