Apple’s stock surges 23% since Q2 earnings
Apple’s June quarter results included a one-time tariff refund that added 2 percentage points to gross margin and $0.11 to EPS.
The company’s revenue of $109.42 billion grew 16.4% year over year, with iPhone revenue reaching $54.25 billion and Services hitting $30.74 billion.
Apple’s stock has risen to $333.43, above all 47 analysts’ consensus price target, despite lacking a clear iPhone upgrade surge and per-seat AI subscription.
The board authorized a fresh $100 billion buyback, lifting capital returns