Apple Delivers: New CEO, Looking Ahead To WWDC
Apple reported strong fiscal Q2 results, exceeding revenue and earnings expectations while announcing a $100 billion share buyback and increased dividend. Key growth drivers included a 22% rise in iPhone revenue, strong performance in Services, and a 28% year-over-year sales increase in Greater China. With resilient margins and robust cash flow, the analyst maintains a buy rating and raises the price target to $293 ahead of the upcoming WWDC event.
- ▪Apple beat revenue and EPS estimates in its fiscal Q2 2026 earnings report.
- ▪The company announced a $100 billion share buyback and a dividend increase.
- ▪iPhone revenue grew 22% year over year, contributing significantly to overall performance.
- ▪Sales in Greater China rose 28%, reflecting strong regional demand.
- ▪The analyst raised the price target to $293 and maintained a buy rating on AAPL.
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