Apple reports second-quarter earnings after the bell

Apple reports second-quarter earnings after the bell


Apple CEO Tim Cook greets former President Barack Obama at the inauguration of U.S. President Donald Trump at the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025.

Julia Demaree Nikhinson | Getty Images

Apple reports fiscal second-quarter earnings Thursday after the bell.

Wall Street is eager to hear from Apple for the first time about how it is planning to deal with the Trump administration’s tariffs. Investors will also want to know what impacts tariffs might have on the company’s sales, earnings and product prices.

Neither Apple nor CEO Tim Cook have yet to publicly comment on the hefty tariffs President Donald Trump announced for every country around the world on April 2 or the revised plans to place tariffs of up to 145% on imports from China.

Apple makes about three-quarters of its revenue from physical products such as iPhones, Macs and iPads that are mostly made in China, and the U.S. is its largest market.

Analysts at TD Cowen have estimated that the current tariffs could cost Apple 6% of its earnings per year.

Investors will also look to see what Apple says about the current quarter. While Apple hasn’t given formal guidance since 2020, it typically provides investors with several comparisons and data points that can be used to back into a forecast.

But the plans around Trump’s tariffs have already changed several times, and several other companies have stopped giving guidance, citing macroeconomic uncertainty.

Analysts polled by LSEG are expecting Apple to signal that it expects $89 billion in sales in the June quarter, or about a 4% increase on an annual basis.

Tariffs might have one silver lining for Apple — customers in the U.S. and retailers may have stocked up on iPhones and other products to beat the tariffs, which could elevate the March quarter’s revenue. Wall Street is expecting $94.68 billion in revenue, which would be a 4.2% increase on an annual basis, according to LSEG.

Apple’s sales in China will also be under a microscope. Some investors have worried in recent years that Chinese nationalism was reducing the appeal of the American-designed iPhone in the country, and the current trade war threatens to kick up the economic rivalry even more.

Analysts will likely ask Cook and finance chief Kevan Parekh on Thursday about the company’s outlook for mainland China. Wall Street is looking for $17 billion in sales, according to FactSet, which would be 3.6% growth on an annual basis.

Here’s what Wall Street expects, according to LSEG:

  • Earnings per share: $1.63
  • Revenue: $94.68 billion

WATCH: Street’s biggest Apple bear says a production move to India is unrealistic

Street's biggest Apple bear says a production move to India is unrealistic



Source

Texas Instruments’ stock falls on weak forecast
Technology

Texas Instruments’ stock falls on weak forecast

The Texas Instruments headquarters in Dallas, Texas, on Jan. 21, 2024. N. Johnson | Bloomberg | Getty Images Texas Instruments reported second-quarter results on Tuesday that beat analysts’ expectations for revenue and earnings. But the stock fell in extended trading due to a third-quarter forecast that missed estimates. Here’s how the chipmaker did versus LSEG […]

Read More
Trump met with Amazon’s Jeff Bezos at the White House last week
Technology

Trump met with Amazon’s Jeff Bezos at the White House last week

Jeff Bezos, founder and executive chairman of Amazon, takes the stage during The New York Times’ annual DealBook Summit, at Jazz at Lincoln Center in New York City on Dec. 4, 2024. Michael M. Santiago | Getty Images President Donald Trump met with Amazon founder Jeff Bezos at the White House last week, CNBC has […]

Read More
Amazon to buy AI company Bee that makes wearable listening device
Technology

Amazon to buy AI company Bee that makes wearable listening device

Amazon logo on a brick building exterior in San Francisco on Aug. 20, 2024. Smith Collection | Gado | Archive Photos | Getty Images Amazon plans to acquire wearables startup Bee AI, the company confirmed, in the latest example of tech giants doubling down on generative artificial intelligence. Bee, based in San Francisco, makes a […]

Read More