Apple (AAPL) Goes Red on Supply Chain Warning

Apple Comes Through with a Q2 Earnings Beat, Raises Dividend and Buyback

April 28, 2022 5:06 PM EDT

Apple (NASDAQ: AAPL) reported its Q2 results, with EPS of $1.52 coming in better than the consensus estimate of $1.43. Revenue grew 9% year-over-year to $97.3 billion (Q2 record), beating the consensus estimate of $93.89 billion.

According to Luca Maestri, Apples CFO, the company achieved an... More

Apple (AAPL) Raises Quarterly Dividend 5%, Increases Buyback by $90B

April 28, 2022 4:35 PM EDT

Apple (NASDAQ: AAPL) declared a quarterly dividend of $0.23 per share, or $0.92 annualized. This is a 4.5% increase from the prior dividend of $0.22. The dividend will be payable on May 12, 2022, to stockholders of record on May 9, 2022, with an ex-dividend date of May 6, 2022. The annual yield... More

Apple sees bigger supply problems after strong start to year

April 28, 2022 4:32 PM EDT

By Paresh Dave and Nivedita Balu

OAKLAND, Calif. (Reuters) -Apple Inc on Thursday forecast bigger problems as COVID-19 lockdowns snarl production and demand in China, the war in Ukraine dents sales and growth slows in services, which the iPhone maker sees as its engine for expansion.

Shares were down 2.2% in late trade after executives laid out their glum outlook on a conference call. The news outweighed record profit and sales for Apple's fiscal second quarter, which ended in March.

Chief Financial Officer Luca Maestri warned in an interview that the war in Ukraine, which... More

Apple (AAPL) Tops Q2 EPS by 9c, Revenues Beat; Raises Dividend and Buyback

April 28, 2022 4:30 PM EDT

Apple (NASDAQ: AAPL) reported Q2 EPS of $1.52, $0.09 better than the analyst estimate of $1.43. Revenue for the quarter came in at $97.3 billion versus the consensus estimate of $93.89 billion.

"This quarters record results are a testament to Apples relentless focus on innovation and our ability to create the best products and services in the world, said Tim Cook, Apples CEO.... More