Apple (AAPL) Issues Strong Revenue Guidance After Q2 Earnings Beat

AI Summary

Apple (AAPL) provided a revenue forecast for the current quarter that exceeds analyst expectations after reporting Q2 earnings with an EPS of $2.01, beating estimates of $1.95. Revenue was reported at $111.18 billion, surpassing the forecast of $109.66 billion, marking a 17% increase from $95.4 billion a year earlier. However, iPhone sales of $56.99 billion fell short of the $57.21 billion expected for the quarter. The company's board has authorized an additional $100 billion in stock repurchases and increased the cash dividend by 4%, reflecting strong performance despite ongoing supply chain constraints.