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Apple Beats Q1 Earnings Estimates but Stock Stalls Despite Strong iPhone Sales

Apple Beats Q1 Earnings Estimates but Stock Stalls Despite Strong iPhone Sales

Author:

Global Cryptocurrency

Published:

2026-01-30 17:19:02

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BTCCSquare news:

Apple reported robust Q1 2026 earnings with $143.8 billion in revenue, a 16% year-over-year increase, fueled by record iPhone sales. Diluted EPS ROSE 19% to $2.84. CFO Kevan Parekh projected Q2 revenue growth of 13%-16%, surpassing Wall Street expectations.

China—including Taiwan and Hong Kong—drove exceptional performance, with regional sales surging 38% to $25.53 billion. CEO Tim Cook attributed the growth to unprecedented iPhone upgrades and double-digit switcher rates. "The lift exceeded our projections and was unequivocally product-led," Cook noted.

Despite the beat, AAPL shares dipped 1% as investor sentiment remained tepid. Market reactions suggest skepticism about sustained momentum, even as fundamentals outperform.

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