Lates News

In early trading on Friday, the stock price of Apple fell by 0.4%. Prior to this, the company reported better-than-expected performance and raised guidance: fourth quarter revenue of $102.5 billion and earnings per share of $1.85 both exceeded expectations. Although it acknowledged a soft Chinese market, it is expected that revenue for the December quarter will increase by 10-12% year-over-year due to strong demand for the iPhone 17. Tariff costs amounted to $1.1 billion this quarter and are estimated to be $1.4 billion next quarter.