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Fortune

Beatrice Nolan

Apple's blowout earnings marred by tariff fears, a slow AI rollout, and the stock barely moves

Apple Tim Cook Dan Ives Dipanjan Chatterjee Donald Trump Gene Munster Meta Perplexity

Tim Cook smiling. (Credit: Photo by Kevin Dietsch/Getty Images)

Apple posted its strongest revenue growth since 2021, reporting $94 billion in quarterly revenue and beat analyst expectations. Yet investor reaction was muted as concerns over tariffs and lagging AI progress cast a shadow over the blowout results. Shares rose just over 2% in after-hours trading.

Apple reported blowout earnings on Thursday, beating Wall Street’s predictions with its biggest revenue growth since December 2021. However, the market reaction was muted, with analysts citing concerns over long-term issues including tariffs and AI.

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