Apple's Q2 Earnings, iPhone Sales Slump, And A Massive $110B Stock Buyback: This Week In Appleverse

Benzinga Neuro

May 05, 2024

The past week has been a whirlwind for Apple Inc. (NASDAQ:AAPL), with a mixed bag of news that kept investors on their toes. From an earnings beat and a massive stock buyback to a slump in iPhone sales and a lukewarm response to Siri, there’s a lot to unpack. Here’s a quick recap of the week’s top stories.

Apple Q2 Earnings Outperform Muted Expectations On Services
Apple reported Q2 results that surpassed subdued predictions. The tech giant announced a whopping $110-billion stock buyback program and a slight increase in its quarterly dividend. Despite a year-on-year revenue decline, the announcement saw the shares of the tech stock rise about 3.5%. Read the full article here.

Elon Musk Comments on Siri’s Performance
Tesla CEO Elon Musk responded to tech YouTuber Marques Brownlee’s question about Apple’s virtual assistant, Siri. Musk agreed with another user who expressed dissatisfaction with Siri, sparking a conversation about Apple’s AI-related moves. Read the full article here.

See Also: Amazon Says Generative AI Is Now A ‘Multibillion-Dollar’ Revenue Run Rate Business: ‘Strong Demand Signal

iPhone Sales Plunge in Q1 2024
Apple’s iPhone sales took a hit in the first quarter of 2024, with a 16% drop compared to the same period in 2023. The drop translates to a staggering 9.3 million units, marking a rough start to the year for the company. Read the full article here.

Apple’s Record Stock Buyback
Apple announced a massive buyback program, authorizing the repurchase of an additional $110 billion of its common stock. The move was so significant that it overshadowed the valuation of several big companies, delivering a pleasant surprise to investors. Read the full article here.

New Leak Confirms Rumors About iPhone 16
A new leak by Sonny Dickson confirmed recent rumors about the screen sizes for the upcoming iPhone 16 lineup. The leak also revealed details about the camera bump, hinting at a significant leap for Apple. Read the full article here.

Read Next:

Photo courtesy: Shutterstock

Engineered by Benzinga Neuro, Edited by Rounak Jain

The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.

Recommended

AI & Crypto in One $11 Investment - Ad

"America's No. 1 Retirement Stock" (Name Inside) - Ad

$25 AI Stock Could Deliver Life-Changing Windfall - Ad

Anthony Scaramucci has characterized the ongoing Donald Trump hush money trial as a test of loyalty for Republican officials.

AbbVie Is 'Successfully Positioned To Absorb Humira Biosimilar Erosion': Analyst

Cantor Fitzgerald initiates coverage on AbbVie with an Overweight rating and a $200 price target. AbbVie is set to manage Humira biosimilar erosion, drive growth with Skyrizi, Rinvoq, and emraclidine, and achieve a high single-digit CAGR from 2024 to 2029.

5 Wall Street Legends Just Bought This One Stock

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

Dogecoin Rises 4.45% Amidst Anonymous 120 Million DOGE Transfer To Robinhood

A transfer of 120 million Dogecoin (CRYPTO: DOGE) to the trading platform Robinhood has coincided with a 4.45% surge in the price of the meme crypt

United Airlines says it has regained some privileges that were suspended after problem flights

CHICAGO (AP) — United Airlines says federal regulators are letting it resume adding new routes and planes after a series of incidents, including an engine fire and a tire falling off a plane after takeoff, led them to to make those moves.

Central Banks Buying Gold in Record Numbers

Central Banks Buying Gold in Record Numbers - Ad

Most folks have completely missed the fact that the world's Central Banks have been quietly gobbling up as much gold as they can... Stacking it in their locked vaults on pallets in record numbers. Find out why right here (and see what you can do to get in too with just a few dollars).

GameStop, AMC, Plug Power, Rumble, Tesla: Why These 5 Stocks Are Investors' Radars Today

major U.S. stock indices closed higher, with the Dow Jones Industrial Average increasing by 0.3% to 39,558.11.

One Tech Tip: Protecting your car from the growing risk of keyless vehicle thefts

LONDON (AP) — They appear like ghosts in the night, standing outside your house, one holding up an antenna while the other crouches next to the car parked on the driveway. Within seconds, your car is gone, yet another victim amid enabled by the technology designed to make it easier to unlock and start vehicles.

America Has New Type of Money, Making Some Rich...Should You Get It?

America Has New Type of Money, Making Some Rich...Should You Get It? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Snowflake Analysts Remain Overweight: Potential Growth Despite Iceberg Adoption Concerns

Piper Sandler analyst attended Virtual Iceberg Summit with tech giants. Snowflake seen as having potential drag on growth, but threat may be overstated.

What's Going On With Palantir Technologies Stock Today?

Last week, Palantir Technologies reported strong Q1 results, beating revenue estimates and delivering six straight quarters of GAAP profitability. It also raised its full-year guidance and aims to be the dominant AI infrastructure in the market.

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Three of the world's biggest AI companies -- Google, Nvidia and Intel -- have even partnered with my No. 1 Imperium company to get on this massive mega trend. The average investor hasn't caught on yet, but you can still invest in my No. 1 Imperium company for just $10 a share.

Trump's Niece Says It's Insane To Put Ex-President Back In Oval Office: 'Worst Candidate In American History And We Know That'

Mary Trump says the media is to blame for people's relaxed attitude towards a second Trump term.

Stock market today: Asian shares advance after another round of Wall St records

Asian shares were mostly higher on Thursday after U.S. stocks rallied to records on hopes that back in the right direction.

Is This Nvidia's Secret Weapon?

Is This Nvidia's Secret Weapon? - Ad

You've likely heard about Nvidia's incredible success in AI. But without this startup's technology, Nvidia's groundbreaking AI chips simply wouldn't be possible. It's still flying under the radar. That could change very soon with a major announcement on the horizon.

Taiwan is selling more to the US than China in major shift away from Beijing

WASHINGTON (AP) — Whether it's tapioca balls or computer chips, Taiwan is stretching toward the United States and away from China — the world's No. 2 economy that threatens to by force if necessary.

Breakthrough For Tesla In China? Shanghai Reportedly Greenlights 'Ordinary' Data Flow Overseas For Intelligent Vehicles

Tesla is also making plans for a data center in China to train its full self-driving (FSD) driver assistance software on fleet data from the country, Reuters reported.

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..."

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." - Ad

The former Goldman Sachs VP -- who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio -- is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."

Wall Street's Most Accurate Analysts' Views On 3 Risk Off Stocks With Over 3% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks.

Bitcoin, Ethereum, Dogecoin See Long-Sought Relief Rally On Favorable Inflation Data Numbers: Analyst Forecasts $68K-$69K As Next Test For King Crypto

The cryptocurrency market ushered in a strong rally Wednesday, following lower-than-expected retail inflation data.

The No. 1 Crypto for 2024

The No. 1 Crypto for 2024 - Ad

It's expected to soar 20X bigger than Bitcoin.

US prisoners are being assigned dangerous jobs. But what happens if they are hurt or killed?

PHOENIX (AP) — Blas Sanchez was nearing the end of a 20-year stretch in an Arizona prison when he was leased out to work at Hickman’s Family Farms, which sells eggs that end up in the supply chains of huge companies like McDonald’s, Target and Albertsons. While assigned to a machine that churns chicken droppings into compost, his right leg got pulled into a chute with a large spiraling augur.

CEO of Brazilâ€™s oil and gas giant Petrobras steps down following dustup over dividends

RIO DE JANEIRO (AP) — The head of Brazil’s state-controlled oil and gas giant Petrobras has stepped down, the company said in a prepared statement Wednesday, following months of tensions with the federal government.

Shhh! This Is One Great Coin...

Shhh! This Is One Great Coin... - Ad

Shhh! I truly believe this crypto could be one of the top earning cryptos of all time... In fact, in the coming bull run... this one coin could have the potential to bank 10x... 50x... and even 100x.

Czech power company CEZ reports net profit of $592 million in Q1, up by a quarter year-on-year

PRAGUE (AP) — The Czech power company CEZ said Tuesday its net profit in the first quarter of the year reached 13.6 billion Czech crowns ($592 million), 2.7 billion up compared with the same period of the previous year.

Top 4 Health Care Stocks Which Could Rescue Your Portfolio This Month

The most oversold stocks in the health care sector presents an opportunity to buy into undervalued companies.

Mystery of the Rich and Connected Revealed

Mystery of the Rich and Connected Revealed - Ad

Former Goldman VP reveals a mysterious "Gold Bank" with huge upside potential... Last time we shared this, some folks could have seen a 995% gain. Don't be surprised if you've never heard of this -- most haven't. But he's sharing all in this new video.

Jim Cramer Advises Investors To Stick With Good Companies Despite Short-Term Losses: 'You Just Need To Figure Out Which Companies Deserve Your Confidence'

Cramer, a prominent figure in the finance world, suggested that investors should not emulate the trading habits of large hedge funds. Instead, he recommended a long-term investment strategy, emphasizing the need to anticipate and endure market declines.

GOP-Led House Passes Bill To Force Biden To Send Arms To Israel Amid War With Hamas

Despite its passage, the Act is not expected to become law.

Buy This Next Gen Crypto Before Its Big Upgrade

Buy This Next Gen Crypto Before Its Big Upgrade - Ad

Experts predict this one crypto will soar 7,200% by the end of the decade... and grow 20X bigger than bitcoin. But you must get in before it's big.

Katy Perry and Rihanna didn't attend the Met Gala. But AI-generated images still fooled fans

NEW YORK (AP) — No, and didn't attend the this year. But that didn't stop AI-generated images from tricking some fans into thinking the stars made appearances on the steps of fashion's biggest night.

Nvidia Stock Faces Decline In Coming Years As AI Chip Demand Softens, Warns Analyst: 'We're Looking At The Horizon'

The future of Nvidia stock might not be as promising as its recent performance suggests, according to a prominent analyst.

Billionaires Are Now FLOODING Into Gold

Billionaires Are Now FLOODING Into Gold - Ad

Ray Dalio, John Paulson, and many others all recommend you own gold right now. But did you know there's another huge investor (worth more than all the world's billionaires COMBINED) buying gold by the ton? That's why the best move to make right now could be this little-known gold investment (which you can get started with for just $5).

Germany Nears Decision To Ban Huawei 5G By 2026: Report

Germany is moving towards removing Chinese technology from its 5G core network by 2026, with support from three key ministries citing national security concerns.

Despite Bitcoin Hitting $64K, Analyst Says King Crypto Remains In 'Prime Buy Zone'

Bitcoin (CRYPTO: BTC) has surged to $64,000, but a key metric indicates that it’s still in a “prime buy zone,” according to a prominent crypto analyst.

Nvidia's Secret Partner... This Is the New AI Chip Powerhouse

Nvidia's Secret Partner... This Is the New AI Chip Powerhouse - Ad

One unknown AI startup could match or even exceed AI's biggest runs in the coming years. Why? Because its technology solves the biggest problem holding back AI. It's a critical component that the industry can't advance without. This company just went public, so right now, it's under the radar.

Psychedelics Surpass Cannabis With Unprecedented Bipartisan Support In Congress, Says Top VA Official

Speaking at a Horizons psychedelics conference, VA Under Secretary for Health Shereef Elnahal shared insights on psychedelic medicine

A US company is fined $650,000 for illegally hiring children to clean meat processing plants

DES MOINES, Iowa (AP) — A Tennessee-based sanitation company has agreed to pay more than half a million dollars after a federal investigation found it illegally hired at least two dozen children to clean dangerous meat processing facilities in Iowa and Virginia.

America Just Hit a Grim Milestone

America Just Hit a Grim Milestone - Ad

Nearly half of U.S. households currently hold no retirement savings. Retirement expert Dr. David Eifrig says what happens next will separate a small number of winners from a very large number of losers. Learn how to protect yourself and your money with his four simple steps that he shares right here.

Demand Soars For Novo Nordisk's Weight-Loss Drug Wegovy Despite Supply Constraints And Eli Lilly Competition

The Danish pharmaceutical company is now shipping more introductory doses of Wegovy to the U.S., as it grapples with supply constraints and competition from Eli Lilly.

Trending Now