Apple beat on the top and bottom lines for its fiscal second quarter ending in March but Wall Street mostly needs guidance from CEO Tim Cook on the impact of tariffs.

Apple's earnings call is today at 5 pm ET. AAPL stock was down 15% YTD before the report.

Apple’s services revenue continued to climb in the first three months of 2025 to hit a new record, although at a slower pace than past quarters — and it came in just under analyst expectations. The company overall topped Wall Street estimates for the quarter even as investors awaited word on how President Trump’s tariffs

Apple had been counting on its late entry into the AI craze to revive demand for the iPhone after last year’s sales dipped 2% from 2023’s levels. Apple said Wednesday that its phone sales climbed 1.9% to $46.84 billion for the first three months of the year. Wall Street had expected iPhone sales of $45.62 billion.

Apple published its Q2 2025 earnings report at the close of markets today. The company made $95.4 billion in revenue, beating the expectation of $93.56 billion. Apple earned $1.65/share, which manages to clear the expected $1.61 and the whisper number of $1.64.

Fiscal second-quarter earnings show that the Apple hasn’t lost its shine. Thursday after the bell, Apple reported $95.4 billion in revenue, up 5% year-over-year, and quarterly d

Apple, the world's most valuable company, is among the many corporate giants scrambling to adapt their business operations to weather the barrage of tariffs unleashed by Trump. Earlier on Thursday, General Motors told investors it expected to take a $4 billion to $5 billion hit this year as a result of the automobile tariffs imposed by Trump.

Apple chief executive Tim Cook has warned that Donald Trump’s tariffs will increase costs by $900mn in the quarter to the end of June, marking the latest sign of how the levies are cascading across corporate America.

Apple on Thursday estimated that tariffs will add about $900 million in costs to the quarter ending in June if rates do not change, with CEO Tim Cook outlining profound changes to the company's supply chain to minimize the impact of President Donald Trump's trade war.