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Apple Revenue Forecast Beats Estimates, Tariff Costs Projected at $1.1 Billion
Apple faces regulatory rulings in Europe that threaten to undermine its lucrative App Store business. Apple said sales from its services business, which includes the App Store as well as music and cloud storage, were $27.42 billion, topping analyst expectations of $26.8 billion.
Amazon, Apple, Google, Meta, and Microsoft all announced higher capex guidance on quarterly earnings calls this week.
Apple celebrates selling 3 billion iPhones since 2007, marking a major milestone, while CEO Tim Cook faces pressure to ...
Other market onlookers, including Melissa Otto, the head of research at S&P Global Visible Alpha, say the company’s upcoming earnings on July 31, are Apple’s chance to demonstrate a turnaround.
Apple's earnings reports are typically released at 4:30 p.m. Eastern Time, shortly after the stock market has closed in New York.
The results and earnings call will be on July 31. Apple will reveal exactly how much impact these tariffs have had since they were in effect, to some extent, from April through June.
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