The Key Takeaways From Apple's Q2 Earnings Beat
Apple delivered second-quarter revenue that edged past analysts' estimates, helped by demand for the iPhone and Mac. Ed Ludlow reacts to the earnings report on "Bloomberg The Close."
Apple delivered second-quarter revenue that edged past analysts' estimates, helped by demand for the iPhone and Mac. Ed Ludlow reacts to the earnings report on "Bloomberg The Close."
Apple Inc. reported revenue for the fiscal second quarter that topped analysts' estimates, helped by demand for the iPhone and Mac. Revenue jumped 17% to $111.2 billion during the period, which ended March 28, the company said in a statement Thursday. Analysts had expected $109.7 billion. Apple itself had projected sales growth of 13% to 16%. Bloomberg's Anurag Rana and Ed Ludlow join to break it down.
President Donald Trump says Iran's economy is crashing because of the Strait of Hormuz blockade during remarks to reporters at the White House.
Jay Goldberg, Seaport Research Partners semiconductors and electronics senior analyst, reacts to Apple's fiscal second-quarter results. Speaking on "Bloomberg The Close," Goldberg says memory prices could put pressure on Apple's gross margins.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Wayfair CFO Kate Gulliver said despite an earnings miss by the furniture seller the company feels 'great' about the growth outlook. Gulliver said Wayfiar is less focused on when 'challenged' consumers will recover, but the strength of internal initiatives that she believes will drive growth.
President Donald Trump said he would be removing some whiskey tariffs following a visit from King Charles III during remarks to reporters at the White House.
"I don't care. If he stays on he stays on," President Donald Trump says when asked about his thoughts on Federal Reserve Chair Jerome Powell's decision to stay on the Fed Board of Governors after his term as chair is over.
Blue Owl Capital Inc., whose battered stock has served as a proxy for concerns over the health of the $1.8 trillion private credit industry, will face fresh scrutiny from investors and Wall Street analysts with the release of its first-quarter earnings. Bloomberg's David Havens joins to discuss.
Iran's new supreme leader gave a rare statement on Thursday, vowing not to give up the country's nuclear or missile technologies and signaling Tehran would keep control of the Strait of Hormuz. Natasha Hall, Associate Fellow at Chatham House joins to discuss on Balance of Power.
Kimberly Forrest, CIO and founder of Bokeh Capital Partners, joins Scarlet Fu on "Bloomberg Markets."
he longest partial shutdown in US history is nearing an end as the House on Thursday passed funding for most of the Homeland Security Department, just days ahead of missed paychecks for Transportation Security Administration workers that threatened to throw airports into chaos for a second time this year. The Senate unanimously passed the funding package weeks ago, and the White House has said President Donald Trump will sign it. Republican Steve Daines joined to discuss as well as the looming FISA deadline. Sen. Daines said the Senate easily pass a 45-day extension of a government surveillance authority to give more time to come up with an agreement to extend the law for a longer term.