Apple Inc

Financial Performance: Apple reported Q2 fiscal year 2025 revenue of $95.4 billion, a 5% increase year-over-year, with diluted EPS rising by 8% to $1.65. Services achieved an all-time revenue record of $26.6 billion, up 12% year-over-year. The majority of geographical regions and product categories saw growth, highlighting strong consumer demand across various markets.

iPhone and Product Insights: iPhone revenue reached $46.8 billion, up 2% from the previous year, driven by the new iPhone 16 lineup. Significant international demand was noted, particularly with India being a major manufacturing source for U.S.-bound iPhones. Apple is ramping up production outside of China to mitigate tariff impacts.

Tariffs and Costs: The company expects a $900 million cost impact from tariffs in the June quarter. While the existing tariff situation remains uncertain, Apple's proactive measures include optimizing its supply chain and building inventory ahead of potential future tariffs. However, the long-term implications of tariffs and potential geopolitical tensions pose risks to future earnings.