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- Apple’s Q2 revenue +5% YoY to $95.4B, beating estimates amid tariff pressure
Apple’s Q2 revenue +5% YoY to $95.4B, beating estimates amid tariff pressure
Bay Area Times
May 02, 2025
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Top stories today:
- Apple Q2 earnings beat estimates amid tariff pressure
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- Amazon Q1 revenue +9% YoY to $155.7B in Q1, beating estimates
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1. Apple Q2 revenue +5% YoY to $95.4B, beating estimates amid tariff pressure
~+5% in net income to $24.8B.
+12% in services revenue to $26.6B.
U.S. tariffs are expected to add $900M to Apple’s costs for Q3, CEO Tim Cook said.
Tariffs are likely to increase manufacturing in India, Vietnam, and other regions with labor prices similar to China, not the U.S. itself.
Apple stock is ~-3% in pre-market trading, as Cook said “very difficult” to predict tariff costs beyond Jun.
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