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Apple tops earnings estimates on strong iPhone sales
- GodelNumbering 2y agoNominally yes, but a lot of things to worry about: - iPhone growth basically stalled at just +1.9% YoY despite a new "iPhone 16e" model. - China Revenue at $16.00 billion (-2.3% YoY), marking the fifth consecutive quarter of decline. Doesn't look like they will recover anytime soon either given the tariffs/trade-war - Wearables segment declined -4.9% YoY, signaling less demand/fatigue of Apple Watch, AirPods etc. - Operating expenses (+6.3% YoY) outpacing revenue growth (+5.0% YoY), with R&D spend up 8.2%. Spending heavily but getting less growth per dollar. - Smaller buyback program: $100B vs $110B last year. Source: https://www.signalbloom.ai/news/AAPL/apple-q2-revenue-climbs-5-to-954b-eps-beats-on-record-services-margin-strength https://www.signalbloom.ai/news/AAPL/apple-q2-revenue-climbs... (disclaimer: it is a website run by me)