Nominally yes, but a lot of things to worry about:
- iPhone growth basically stalled at just +1.9% YoY despite a new "iPhone 16e" model.
- China Revenue at $16.00 billion (-2.3% YoY), marking the fifth consecutive quarter of decline. Doesn't look like they will recover anytime soon either given the tariffs/trade-war
- Wearables segment declined -4.9% YoY, signaling less demand/fatigue of Apple Watch, AirPods etc.
- Operating expenses (+6.3% YoY) outpacing revenue growth (+5.0% YoY), with R&D spend up 8.2%. Spending heavily but getting less growth per dollar.
- Smaller buyback program: $100B vs $110B last year.
- iPhone growth basically stalled at just +1.9% YoY despite a new "iPhone 16e" model.
- China Revenue at $16.00 billion (-2.3% YoY), marking the fifth consecutive quarter of decline. Doesn't look like they will recover anytime soon either given the tariffs/trade-war
- Wearables segment declined -4.9% YoY, signaling less demand/fatigue of Apple Watch, AirPods etc.
- Operating expenses (+6.3% YoY) outpacing revenue growth (+5.0% YoY), with R&D spend up 8.2%. Spending heavily but getting less growth per dollar.
- Smaller buyback program: $100B vs $110B last year.
Source: https://www.signalbloom.ai/news/AAPL/apple-q2-revenue-climbs... (disclaimer: it is a website run by me)