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Market
Which Apple product category will show revenue increase in the next quarter?
5
Resolution / Starting Odds
iPhone revenue increases • 33%
Mac revenue increases • 33%
Services revenue increases • 33%
Apple's official financial statements
Story
Apple Beats Q2 Estimates, $110B Buyback Amid Strong China Sales
May 2, 2024, 08:54 PM
Apple Inc. reported its fiscal second-quarter earnings, revealing a revenue of $90.8 billion and an earnings per share (EPS) of $1.53, both exceeding market expectations. The company announced a significant $110 billion share buyback program and increased its quarterly dividend to $0.25. Despite a 10% decline in iPhone sales, which dropped to $46 billion from the previous year's $51 billion and surpassed expectations, Apple's overall performance was bolstered by strong results in other areas such as Mac and Services, which reported revenues of $7.45 billion and $23.9 billion, respectively, both exceeding forecasts. The company's performance in China was notably better than anticipated, with revenue declining only 8% year-over-year but still surpassing analyst predictions of $15.9 billion.
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Similar markets
iPhones • 25%
Macs • 25%
iPads • 25%
Services • 25%
PC • 33%
Solutions and Services • 33%
Infrastructure • 33%
Less than 5% • 25%
5% - 10% • 25%
10% - 15% • 25%
More than 15% • 25%
New iPhone model • 25%
New MacBook model • 25%
New wearable device • 25%
New service offering • 25%
Less than $1 billion • 25%
$1-2 billion • 25%
$2-3 billion • 25%
More than $3 billion • 25%
Significant Increase • 33%
Moderate Increase • 33%
No Significant Change • 33%