Apple Q2 Earnings Beat Muted Forecast On Services, Mac Strength: Installed Base At Fresh Record, Cupertino Announces Massive $110B Buyback (UPDATED) - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), Apple (NASDAQ:AAPL)
- Apple exceeded expectations with its quarterly results and forecast, introducing a record buyback program, leading to a stock surge of nearly 7% in extended trade.
- Apple's quarterly earnings per share exceeded Wall Street predictions, with strong sales in the services segment and unexpected growth in Mac sales.
- Despite a 4% drop in fiscal second-quarter revenue, Apple outperformed analysts' estimates, projecting low-single-digit growth in the current quarter.
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