Apple Reports Strong Q2 Earnings Amid Tariff Concerns
Apple has announced its quarterly results, reporting a profit of $24.78 billion, exceeding Wall Street expectations. The company experienced robust iPhone sales, which helped it to top Q2 estimates amidst ongoing tariff uncertainties. However, concerns regarding a $900 million tariff headwind in the upcoming quarter have caused Apple shares to dip. Additionally, sales in China fell below anticipated figures, overshadowing the otherwise solid results. Despite challenges, including a turbulent trade environment and a cautious outlook for service revenue, Apple’s services division posted a record quarterly revenue of $26.6 billion, indicating resilience in its business model.
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