What 6 Analysts Have to Say About Apple's Stock Following Earnings Print Impact on Investors.
Expert Financial Analyst Predicts Potential 18% Surge in Booking Holdings and Shares 10 Other Forecasts for Friday
4mo agoMizuho Securities
$AAPL Reports Q2 2023 Earnings: Strong Performance in Services and iPhone, Declares Cash Dividend and Authorizes $90B Stock Repurchase Program Despite Economic Challenges
Apple Inc. has announced its Q2 2023 financial results, generating a record Services and March quarter iPhone revenue. Despite a challenging macroeconomic environment, the company achieved strong operating cash flow of $28.6 billion and returned over $23 billion to shareholders. The board has authorized a $90 billion common stock repurchase program and declared a dividend of $0.24 per share. Apple continues to invest for the long term, but faces global and economic risks, as well as legal proceedings, complex regulations, and reliance on third parties. Investors should consider potential factors affecting the company's business, reputation, financial condition, and stock price.