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Apple narrowly beats Wall Street expectations as world braces for tariff impact

May 2, 2025
Source: theglobeandmail.com theglobeandmail.com
News Snapshot:
Apple AAPL-Q on Thursday reported results that narrowly beat Wall Street expectations as consumers stocked up on iPhones amid fears of potential import taxes on its signature device from President Donald Trump. The Cupertino, California-based company said its sales and profit for the fiscal second quarter ended March 29 were $95.36 billion and $1.65 per share, respectively, compared with analyst estimates of $94.68 billion and $1.63 per share, according to LSEG data. Sales of iPhones were $46.84 billion, compared with estimates of $46.17 billion, according to LSEG data. Apple shares were down 2.4% in after-hours trading after the results were...
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