Apple reported fiscal second quarter adjusted earnings of $1.65 versus a Bloomberg consensus estimate of $1.62. Revenue was $95.4 billion compared to the expected $94.6 billion. iPhone revenue was $46.8 billion. Wall Street had been anticipating $45.9 billion. Mac revenue and iPad revenue both topped estimates while Services and Wearables revenue fell short. Greater China revenue was $16.00 billion which was short of the $16.83 billion estimate.
Market Domination Anchors Josh Lipton and Julie Hyman report the breaking details.
Also, Apple (AAPL) says the March quarter saw limited tariff impact, but costs could rise to $900 million in the June quarter if rates hold steady.
Bob O’Donnell, president of TECHnalysis Research, joins Market Domination Overtime to discuss the tariff impact and Apple’s supply chain shifts.
For more Apple earnings analysis, please watch our full coverage here:
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
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