Apple reports third-quarter earnings after the bell

Core Viewpoint - Apple is expected to report nearly $90 billion in sales for the fiscal third quarter, reflecting a 4% increase from the previous year, despite facing challenges such as tariffs and stock price decline [2][3]. Financial Performance - Expected revenue for the June quarter is $89.54 billion, with earnings per share projected at $1.43 [6]. - Analysts anticipate a guidance for 3% growth in the September quarter [2]. Tariff Impact - Apple indicated an additional $900 million in tariff costs for the June quarter, with uncertainty about future impacts [3]. - The company plans to manufacture U.S.-bound iPhones in India to mitigate tariff costs, which has drawn criticism from President Trump [4]. Product and Market Developments - The annual Worldwide Developers Conference showcased software updates but lacked major new AI initiatives, disappointing some analysts [5]. - The success of Apple Original Films' "F1," which surpassed $500 million at the global box office, may positively influence investor sentiment [6].