Apple reported fiscal first-quarter earnings Thursday. Analysts are focused on iPhone momentum following a sluggish start to the year for Apple's stock.
Apple reported fiscal first-quarter earnings on Thursday that beat Wall Street estimates. The iPhone maker posted first-quarter earnings of $2.40 a share on revenue of $124.3 billion. Analysts surveyed by FactSet were expecting earnings of $2.
EPS of $2.40, up 10% from a year ago and above the FactSet consensus of $2.35. Revenue grew 4% to $124.30 billion, to top the FactSet consensus of $124.26 billion and extend its streak of top-line beats to eight quarters.
Apple continues to spend less than its Magnificent 7 peers on artificial intelligence. Recent reports from Chinese start-up DeepSeek have caused investors to positively reassess that strategy American
Apple shares rose over 3% in premarket trading, after the company reported better-than-expected earnings but said iPhone sales fell slightly in the December quarter. iPhone sales were down nearly 1% on the year at $69.
Apple reported robust fiscal 2025 first-quarter earnings that beat expectations, despite mixed performance in key segments.
The company’s stock is getting a boost from the DeepSeek news, but AI isn’t driving a rush to upgrade iPhones yet.
Investors counting on last year’s big winners of the stock market to repeat their lead in 2025 have endured a setback.
Most of the S&P 500’s 11 sectors were up Friday afternoon, led by sharp gains for consumer discretionary, communication services and information technology. The S&P 500’s consumer-discretionary sector was up 1.
Apple earnings are expected to show growth from last year, but it’s iPhone demand that’s still top of mind concern for investors. The Cupertino tech giant is scheduled to report fiscal first-quarter financials after the stock market closes on Thursday.
Analyst warns investors to be cautious about Apple stock despite great products, citing challenges and high valuation.