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Apple said a slowdown in mobile gaming and changes to the App Store’s business model—including court-ordered payment rule changes in the U.S.—weighed on its services business, even as the company topped 1.5 billion paid subscriptions.
Apple stocks tumbled in late trading after component shortages weighed on the company's sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated. It also gave a forecast that is weaker than expected, further hurting the stock in the after market. Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman reacts to the mixed earnings report. Bloomberg.com and Terminal subscribers can send in their questions for Carol Massar and Tim Stenovec to ask guests live on-air. Just go to Bloomberg.com/askradio
Apple stock was sharply lower Thursday evening as the iPhone maker wrapped up its fiscal third-quarter earnings call . Apple reported stronger-than-expected earnings results for its June quarter. But Wall Street was more focused on the company's financial outlook, which missed estimates.
Apple hinted Thursday that heavy users of its revamped Siri may have to pay for access.
During Thursday night's earnings call, Apple (AAPL) CEO Tim Cook highlighted a string of milestones, including the company's best-ever June quarter, with revenue reaching $109.4 billion. iPhone revenue surged 22% year-over-year to $54.3 billion, while Mac revenue climbed to a record $10.4 billion. Beyond the financial results, Cook reaffirmed Apple's commitment to US manufacturing, announcing plans to invest $600 billion in the United States over the next four years. The investment, which the company said includes the reinvestment of tariff-related funds, expands Apple's long-term domestic manufacturing strategy. As part of that effort, Apple has entered a new multiyear agreement with Broadcom (AVGO) under its American Manufacturing Program. The partnership is expected to contribute more than $30 billion in investment to build an end-to-end silicon supply chain and advanced manufacturing equipment in the United States.
During Thursday night's earnings call, Apple (AAPL) CEO Tim Cook highlighted a string of milestones, including the company's best-ever June quarter, with revenue reaching $109.4 billion. iPhone revenue surged 22% year-over-year to $54.3 billion, while Mac revenue climbed to a record $10.4 billion. Beyond the financial results, Cook reaffirmed Apple's commitment to US manufacturing, announcing plans to invest $600 billion in the United States over the next four years. The investment, which the company said includes the reinvestment of tariff-related funds, expands Apple's long-term domestic manufacturing strategy. As part of that effort, Apple has entered a new multiyear agreement with Broadcom (AVGO) under its American Manufacturing Program. The partnership is expected to contribute more than $30 billion in investment to build an end-to-end silicon supply chain and advanced manufacturing equipment in the United States.
The company is set to release an upgraded Siri assistant in the fall, and it continues to contend with higher component costs.
Apple late Thursday beat Wall Street's targets for its fiscal third quarter ended June 27. But its sales outlook was weak.
Tony Wang, T. Rowe Price science and technology equity strategy portfolio manager, reacts to Apple's third-quarter earnings and outlook. He speaks on "Bloomberg The Close."
Apple's third-quarter earnings featured strong growth for its flagship product, but shares are falling about 4% after market close. IPhone sales grew 21% , but Apple's overall revenue of $109.4 billion came in only slightly above Wall Street's $108.
Apple (AAPL) reported strong fiscal third-quarter results amid momentum in iPhone sales, though the
Apple (AAPL) stock is stumbling in Thursday's after-hours since reporting fiscal third quarter earnings and revenue that topped estimates, carried by strong iPhone sales. New Street Research technology Infrastructure analyst Antoine Chkaiban explains the problem areas that could emerge down the line for Apple tied to the memory chip shortage.
Revenue rose 16% to $109.4 billion and EPS climbed 29%, but a shortfall in services sent Apple stock down in after-hours trading
Stock-paired memecoins are Robinhood Chain's newest meta.
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 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.
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 Inc (NASDAQ:AAPL, XETRA:APC) reported fiscal third-quarter revenue and profit that topped Wall Street expectations, driven by stronger-than-expected iPhone and Mac sales, though shares fell more than 4% in after-hours trading. The company posted revenue of $109.42 billion, up 16.4% from...
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.
Diversification is arriving as legacy revenue weakens faster
Higher production costs, weakening Apple modem demand and lower-margin data-center programs pressured Qualcomm's outlook.
Investors are weighing expected double-digit revenue growth against margins, component costs and Apple's new device-leasing strategy.
Qualcomm Stock Hit by Weak Guidance, Apple Modem Business Slows
One manufacturing bottleneck is becoming a crucial battleground
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
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.
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