$Apple (AAPL.US)$ Q2 reported earnings of $1.53 per share vs. $1.5 estimated on revenue of $90.75B vs. $90.33B estimated. The firm said it would repurchase an additional US$110 billion in stocks, raising quarterly dividends.
“During the quarter, we were thrilled to launch Apple Vision Pro and to show the world the potential that spatial computing unlocks," CEO Tim Cook said. "We’re also looking forward to an exciting product announcement next week and an incredible Worldwide Developers Conference next month."
The firm failed to meet expectations in the wearables and iPad sales categories. Apple brought in $45.96 in revenue for even iPhone, compared to expectations of $45.96 billion. In China, the firm pulled in a revenue of about $16.36B, down about 8% year-over-year but above the street estimate of $15.87B.
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