Apple reported fiscal first-quarter earnings on Thursday that beat estimates for revenue and earnings, but Apple showed a 13% decline in sales in China, one of its most important markets.
Apple shares fell over 1% in extended trading. Here’s how Apple did $AAPL Apple Q1 FY24 in a nutshell: • Revenue +2% Y/Y to $119.6B ($1.3B beat). Services +11% Y/Y to $23.1B. Products +0% Y/Y to $96.5B. • Operating margin 34% (+3pp Y/Y). • EPS $2.18 ($0.07 beat). • $20.1B in buybacks and $3.8B in dividends. Source: App Economic Insights
JUST IN: APPLE NOW PLANS CAR FOR 2028 WITH LESS AMBITIOUS AUTONOMY GOALS
Apple $AAPL reportedly now plans to launch its Apple Car in 2028 at the earliest back from 2026 and will now use a Level 2+ autonomous system down from its previously planned Level 4 - Bloomberg. source: Evan @ StockMKTNewz
Given apple $APPL woes, nvidia $NVDA is in charge of doing all the heavy lifting of the Nasdaq 100 $QQQ
Source: Trend Spider
Yesterday Apple $AAPL suffers largest drop since September 6
Source: Barchart
Contemporary art beats stocks and Basquiat beats apple
Since 11/84, Jean-Michel Basquiat has been generating higher annualized return than apple... Source: Chartr
Apple vs The World
Source: Michel A.Arouet
Apple cash warchest put into perspective
by Linas Beliūnas
Apple has bought back $604 billion in stock over the past 10 years, which is greater than the market cap of 492 companies in the S&P 500. $AAPL
Source: Charlie Bilello
