AAPL -2.4%: Results look ok so far but a bit light of bogeys as services + China miss
"We don't believe that there was a significant pull forward due to tariffs into the March quarter. There's no obvious evidence of it."
Guide comes on the call. Investors looking for clarity on Q3 demand/tariff impact and impact of court rulings today on services revs
Otherwise, results look ok/meh overall
Total Revs $95.36B vs street at $94.59B
Q2 iPhone $46.84B vs street at $45.94B
Q2 Service: $26.65B vs $26.2B
Q2 EPS 1.65 vs 1.62
Q2 China $16B vs street at $16.83B
Authorizes $100B share buyback, boosts dividend
ROKU -5%: Q1 in line but Q2 gross profit below street.
Will buy TV service provider Frndly TV for $185M in cash.
Expectations weren’t particularly high here but the Q2 Gross profit guides leaves room to be desired.
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