Apple‘s fiscal Q2 numbers beat Wall Street estimates on the top and bottom line in a market that was waiting for them with some trepidation — mainly news of iPhone sales in China.
The dip there was less than anticipated. The stock is up more than 7% in after-hours trading. Apple shares had huge 2023 but the stock has been nearly along among the so-called Magnificent seven tech stock to lose ground so far in 2024.
Services revenue, which houses Apple TV +, music, games and a host of others platforms, was a standout with sales up $3 billion to $23.9 billion.
Execs may give some details on a call starting at 5 pm ET. The company announced a massive share buyback program and a dividend boost.
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