Apple Reports Strong Q2 Revenue Amid Trade Tensions

Apple reported strong fiscal second-quarter results with revenue of $95.36 billion and earnings per share of $1.65, both surpassing analyst expectations. Despite these beats, the stock fell nearly 3% in after-hours trading, largely due to Services revenue slightly missing forecasts and concerns about underperformance in key markets such as Greater China. iPhone sales exceeded estimates with $46.8 billion in revenue, while wearables and China sales declined year-over-year. Apple increased its quarterly dividend by 4% and authorized a $100 billion stock buyback to bolster shareholder returns. CEO Tim Cook addressed tariff-related concerns, noting no significant demand shifts tied to U.S.-China trade tensions, and analysts remain attentive to the company’s outlook amid global economic uncertainty. The company’s continued growth in its services segment underscores its successful diversification beyond hardware, even as it navigates challenging market conditions.