Overview

• Apple reported $95.36 billion in quarterly revenue, driven by $46.84 billion in iPhone sales and earnings per share of $1.65.
• CEO Tim Cook announced plans to source over half of U.S.-sold iPhones from India and most other products from Vietnam to mitigate tariff impacts.
• The company anticipates $900 million in additional costs next quarter due to U.S. import tariffs, despite temporary exemptions for some products.
• Apple raised its dividend by 4% to $0.26 per share and authorized a $100 billion share repurchase to sustain shareholder returns.
• Revenue in China declined by 2%, an improvement from the previous quarter's 11% drop, as Apple faces growing local competition.