Apple Quarterly Sales and Profit win expectations when tariffs stand

Apple Thursday reported the results that the Wall -Rate was narrowly won, as consumers accumulated iPhones against the background of fear of potential taxes on the presidential signature device Donald Trump.

Cupertino, California, said its sales and profit for the financial second quarter ended on March 29, amounted to $ 95.36 billion and $ 1.65 per share, compared to analysts’ estimates of $ 94.68 and $ 1.63 per share, according to LSG. According to LSEG, the sales of iPhones amounted to $ 46.84 compared to $ 46.17 billion.

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Apple CEO Tim Cook appears during the Apple “IT Glow” event in Cupertino, California, September 9, 2024 (photo NIC COURY / AFP) (photo NIC COURY / AFP via Getty Images) (NIC COURY / AFP via Getty Images / Getty Images)

After the results of the application, Apple decreased by 1.5% in extraordinary bidding.

Although the results were better than expected analysts, investors are focused on how the tariff problems would play in the nearby quarter. Apple executives will give prediction information about the conference with investors starting at 5 pm EDT.

The Trump administration still has deprived electronics of tariffs, but Washington signaled that some levies may come in the coming weeks. The uncertainty has allocated Apple’s shares, which is 90% of its products in China, which is about 15% this year, destroying more than $ 600 billion from market value.

Microsoft’s forecast has reached the market capitalization up to $ 3.2 trillion, beating Apple to get the first place.

Apple will try to mitigate tariffs by changing the production in the US iPhones to IndiaReports Reuters. Analysts expect the company to spread some tariff costs through its supply chain while maintaining a minimum price increase to avoid the loss of market share at a time when it faces fierce competition and undergo delays in crackdown on key artificial intelligence functions, such as an improvement in its voice.

On Thursday, Apple CEO Tim Cook told Reuters that the iPhone inventory level at the beginning and the end of the financial second quarter was comparable, that is, during this period there was no great accumulation of inventory. Cook said the sales of the phones were raised by iPhone 16e, company 599 Dollars Model Market Models that contains it first in history custom modem -chip.

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The new step is likely to facilitate consumer blow, simultaneously will give the impetus to the giants such as Apple, Samsung and Dell. (Faris Hadziq/Sopa Images/LightRockket via Getty Images/Getty Images)

IPhone 16 – Apple’s most inexpensive models, but has a powerful enough processor to launch all the latest AI company features.

“If you look at the active (iPhone) base, it reached a new maximum and did it in every geographical region,” Cook Reuters said.

Apple noted that sales in its segment of greater China decreased to $ 16 billion, which is better than the expectations of analysts of $ 15.9 billion, according to visible alpha. In China, Apple faced a particularly fierce competition from domestic manufacturers such as Huawei Hwt.ul and Xiaomi 1810.Hk and have not yet rolled out the key AI functions that were announced almost a year ago.

Earlier, Reuters reported that Apple collaborates with Alibaba to provide AI features in China, but Apple has not yet signaled when these features are available.

Apple noted that sales at their business service amounted to $ 26.65 billion compared to $ 26.69 billion, LSEG reports. Cook told Reuters that Apple now has over 1 billion paid subscriptions on its platform.

Chicago, Illinois – November 28: Apple Company’s logo hangs over Apple store on November 28, 2022 in Chicago, Illinois. Currently Apple is faced with a shortage of iPhone deliveries due to COVID-19 restrictions in China and excitement in one of the applications (Scott Olsan / Getti Image / Getty Images)

In the Apple accessory and wearable segment, which includes products such as AirPods, revenue amounted to $ 7.52 billion compared to $ 7.85 billion, Lseg reports.

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The iPad and MACS sales amounted to $ 6.40 billion and $ 7.95, respectively, compared to analysts’ expectations of $ 6.07 billion and $ 7.92 billion. Cook said the entry -level iPad was better than the quarter.

Apple also said it would increase its cash dividends by 4% to 26 cents per share, and that its advice has allowed an additional $ 100 billion for a stock buyout program.