Location & Language

Zenfinex Global Limited regulated by the Financial Services Authority (FSA) of Seychelles (SD092)

Apple Rebounds: Shares Surge on Earnings Beat, Positive Outlook

By Camilo Botia,

Apple Inc. shares saw a significant jump in after-hours trading following the announcement of stronger-than-expected earnings in its fiscal second quarter. The company’s prediction of a return to growth has rekindled investor optimism, suggesting a potential easing of the recent slowdown.

Key Highlights

• Revenue: $90.8 billion in the fiscal second quarter, down 4.3% year-over-year but beating analyst expectations of $90.3 billion.

• Earnings Per Share (EPS): $1.53, surpassing the anticipated $1.50.

• Dividend: Increased by 4% to 25 cents a share.

• Share Buyback: An additional $110 billion approved.

• China Sales: Revenue of $16.4 billion in Greater China exceeded forecasts.

• Outlook: Apple anticipates revenue growth in the low single digits for the coming quarter.

The positive earnings report calmed investors’ nerves, dispelling some of the concerns about Apple’s extended slump. Recent declines in sales over the past few quarters were mainly attributed to a weakened smartphone market and difficulties in the Chinese market.

Apple’s optimism for a return to growth is fueled by several factors:

• New iPad Updates: After a year-and-a-half hiatus, Apple is set to unveil new iPads on May 7th, potentially boosting tablet sales.

• AI Push: The company’s strategy for integrating artificial intelligence (AI) will be revealed at the Worldwide Developers Conference in June.

• iPhone Enhancements: This year’s iPhones will feature larger screens and AI-focused chips. New camera capabilities could further bolster sales.

Despite renewed optimism, Apple acknowledges ongoing challenges:

• China Slowdown: The company’s performance in China continues to be closely watched by investors.

• Innovation Pressure: Apple needs new groundbreaking products to reinvigorate its growth trajectory.

While investors feel relief, Apple’s longer-term outlook depends on its ability to successfully navigate headwinds in China and deliver continued innovation. The company’s upcoming moves will determine whether it can maintain this newfound momentum.


The ATR indicator shows that volatility continues to be high for Apple. The stock keeps trading in a sideways channel between $165.68 as a support and $179.76 as a resistance. There is another support above the lower boundary of the sideways channel, at $168.44 and with the recent corporate results, the expectation now relies on the next Apple event that might push the stock to higher highs that might eventually cause the stock to break above the upper boundary of the sideways channel and reach its 200-day moving average at $181.78.


Popular Posts

US Treasury Yields Fall Significantly on Anticipation of Interest Rate Cuts

TAIEX Rises with TSMC’s Growth and Strong Economy in Taiwan in 2024

The most important events of the past week

Korean KOSPI Index Reaches New High

Lorem Ipsum

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Here are some related articles you may find interesting:

Market Insights​

July 18, 2024

US Treasury Yields Fall Significantly on Anticipation of Interest Rate...

By Samir Al Khoury, US Treasury bond yields across various terms fell significantly, with the two-year bond yield reaching 4.411% two days ago, its lowest...

Market Insights​

July 16, 2024

TAIEX Rises with TSMC’s Growth and Strong Economy in Taiwan...

By Samir Al Khoury, On Thursday, July 11, 2024, Taiwan's TAIEX index surged to 24,416 points, marking its highest level ever. Today, it closed slightly...

Market Insights​

July 15, 2024

The most important events of the past week

By Samir Al Khoury, United States of America • The headline CPI fell year-on-year, recording 3.0%, which is lower than expectations (3.1%) and the previous...

Market Insights​

July 11, 2024

Korean KOSPI Index Reaches New High

By Samir Al Khoury, The Korean KOSPI index recorded 2,896 points yesterday, marking its highest level since 18 January 2022. This index has risen approximately...

Ready to Elevate Your Trading Journey?

Open a Taurex account and start trading today.

We’re Sorry

Access to tradetaurex.com
is unavailable in your region

tradetaurex.com is required to abide by global laws and therefore the information on this site is not directed at residents of the United States, Canada, North Korea, Iran, Myanmar, Belgium, Spain, France, Japan, South Korea or any particular countries and is not intended for distribution to, or use by, any person in an country or jurisdiction where such distribution or use would be contrary to local law or regulation.

This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.