A Apple released on Thursday (º) results that slightly exceeded the expectations of Wall Streetwith consumers stocking iPhones in the face of the fear of possible import tariffs on the company’s main product imposed by the US President, Donald Trump.
The company, headquartered in Cupertino, California, reported that its sales and profit in the second tax quarter ended on March 29, respectively, $ 95.36 billion and $ 1.65 per share, against estimates of $ 94.68 billion analysts and $ 1.63 per share, according to LSEg data.
Sales of iPhones They totaled US $ 46.84 billion, against estimates of US $ 46.17 billion, according to LSEG.
Apple shares fell 2.4% in post-market negotiations after the results were released.
Although the results have been better than expected by analysts, investors are focused on how concerns about trade tariffs will be reflected next quarter.
“The company’s proposal to transfer part of the production to India raises urgent questions about the execution schedule, capacity limitations and potential inevitable cost increases, which can reduce margins, be passed on to consumers or generate a mixture of consequences,” said Jacob Bourne, an analyst at Emarketer.
So far, the Trump government has spared tariff electronics, but Washington has signaled that new rates can be applied in the coming weeks.
Uncertainty has caused Apple’s shares, which manufactures 90% of its products in China, falling about 15% this year, representing a loss of more than $ 600 billion in market value.
Additionally an optimistic projection of the Microsoft It raised the company’s market value to $ 3.2 trillion, surpassing Apple and taking over the most valuable company in the world.
Apple said sales in its service business have totaled $ 26.65 billion compared to estimates of $ 26.69 billion, according to LSEG data.
No segment of Accessories and Wearables Apple, which includes products such as AirPodsRevenue totaled US $ 7.52 billion, against estimates of US $ 7.85 billion.
Sales of iPads e Macs It was US $ 6.40 billion and US $ 7.95 billion, respectively, compared to expectations of US $ 6.07 billion analysts and US $ 7.92 billion.
Apple also said it will increase its dividends by 4%to $ 0.26 per share, and that its advice has authorized another $ 100 billion for its stock repurchase program.
