Apple.Inc. stock rises 6% after its Q2 results

Apple Inc. on Thursday announced its Q2 2024 financial results which were better than the forecast.

[{"selector":"#anim-c2ecf342-2214-4017-8171-67b7c9e96559","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-65f93e43-bc49-40f2-b02f-6fcf1211ff08","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Apple reported revenue and profit of $90.8 billion (4% YOY decline) and $23.64 billion (2% YOY decline) respectively, which was less than what analysts predicted, which led to positive investor sentiment in the market.

[{"selector":"#anim-026b4155-5fb3-43d6-8488-3c051f7a0cbd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4c0731b8-a887-44d9-869c-e7e8bb7851e1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

The company announced that it increased the cash dividend by 4%. Along with that it also approved a share buyback program worth $110 billion.

[{"selector":"#anim-729583c1-cc95-43ad-abd2-da2e95110a5b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a0fdc036-0320-4f18-9832-b191a0153f78","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

It resulted in the company’s share price increasing by 6% and its market value crossed $160 billion.

[{"selector":"#anim-0fc90e91-c434-4709-8f54-05a5b704bbe4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a2ccdcda-8460-47f6-abee-c2b55d94fd82","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Apple Share Price

The sales of the iPhone and iPad declined to $45.96 billion and $5.56 billion, respectively, and the sales of the Mac increased to $7.5 billion for Q2 2024.

[{"selector":"#anim-e7483a37-bc9b-47cb-902b-0082b827fe8d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b99f167e-e2f1-4bab-99b4-451fb454c1a9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

[{"selector":"#anim-3cd0a0cc-67b2-4825-8e07-6d566649b2a5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-424e243e-8b7e-4082-8d62-c95a90362185","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ed33b7ab-566e-475e-a4d0-b4a5cf1f2b04","keyframes":{"transform":["translate3d(-120.06472%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Swipe up to Open Demat Account Open Demat Account

Check out more 5paisa webstories

[{"selector":"#anim-41f8111f-1c80-4c1b-ab9b-0fe717ebaf41","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-392aa6a6-d1ef-472d-ac72-803047d9e2bc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f82878f9-404e-459a-98a1-b529a2d8c2ad","keyframes":{"transform":["translate3d(0px, 579.46088%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Apple.Inc. stock rises 6% after its Q2 results

Apple Inc. on Thursday announced its Q2 2024 financial results which were better than the forecast.

Q2 results

Apple reported revenue and profit of $90.8 billion (4% YOY decline) and $23.64 billion (2% YOY decline) respectively, which was less than what analysts predicted, which led to positive investor sentiment in the market.

Revenue and Profit

The company announced that it increased the cash dividend by 4%. Along with that it also approved a share buyback program worth $110 billion.

Dividend

It resulted in the company’s share price increasing by 6% and its market value crossed $160 billion.

Share price

The sales of the iPhone and iPad declined to $45.96 billion and $5.56 billion, respectively, and the sales of the Mac increased to $7.5 billion for Q2 2024.

Product sales

Check out more 5paisa webstories

Swipe up