Apple Beats Wall Street Revenue Estimate, Falls Short on Services, Wearables

The iPhone maker gave its cash dividend a 4 percent boost.

An Apple store in Manhattan Beach, Calif., on March 25, 2025. John Fredricks/The Epoch Times

Shares of Apple fell about 2 percent in extended trading on May 1 despite beating Wall Street expectations for the company’s second fiscal-quarter earnings.

The iPhone maker reported $95.4 billion in revenues, higher than the consensus forecast of $94.66 billion. Overall revenues were driven by better-than-expected performances for the iPhone ($46.84 billion), Mac (7.95 billion), and iPad ($6.4 billion).