Apple: Positive iPhone And China Sales But With Risks

  • Apple reported strong Q2 earnings, beating estimates by $605.9 million on revenues and $0.02 on EPS, driven by higher services revenue. iPhone sales increased by 2%, but services growth was soft, rising only 1.2% sequentially. Apple faces challenges from forex headwinds, tariff impacts, and supply chain adjustments, with a $900 million cost impact expected in the June quarter.