Apple needs to 'less dependent on iPhone,’ analyst explains

Apple (AAPL) stock is getting a bump higher after topping its fiscal second-quarter earnings estimates. The tech giant posted adjusted earnings per share of $1.53 (beating expectation of $1.50) and revenue of $90.75 billion (just slightly above estimates of $90.33 billion estimate). Facing challenges in China's consumer market, iPhone sales notably declined 10% annually.
Maxim Group Managing Director and Senior Consumer Internet Analyst Tom Forte joins Yahoo Finance to discuss Apple's earnings results and its opportunities to find consistent revenue streams outside of its landmark iPhone devices.
"Apple needs to have a better narrative as it pertains to its AI plans, both to sell its smartphones, the next generation of iPhones, and also to sell its stock," Forte says. "I think that anything Apple can say right now on its AI plans and generative AI could be a boost even if it won't materially move smartphone sales for the company."
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[@alexdasliebe5391]

Yahoo Finance needs to “less words missing”

[@carlosk8103]

yeah i even forgot the vision pro was a thing..

[@alexdasliebe5391]

It’s so affordable at 500$ ¡¿FIVE THOUSAND?!

[@TheBooban]

The more shares they buy back, the less dividends they have to pay out.

[@user-qp1xb6xe9g]

Happy apple 🍎 day

[@amdistant5547]

I've got a $300 phone that does everything an iphone does. You're paying for the brand with Apple, and the fact that the company generates lots of free cash flow tells me they are way overcharging for their products.