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Apple reports first quarter results
Businesswire· 2026-01-29 21:30
Core Insights - Apple reported a record-breaking quarterly revenue of $143.8 billion for Q1 2026, representing a 16% increase year over year, with diluted earnings per share (EPS) rising 19% to $2.84 [1][2] Financial Performance - Total net sales reached $143.8 billion, up from $124.3 billion in the same quarter last year, driven by strong performance in both products and services [9][10] - Product sales amounted to $113.7 billion, a significant increase from $98 billion, while services generated $30 billion, up from $26.3 billion [9][10] - Gross margin for the quarter was $69.2 billion, compared to $58.3 billion in the previous year [9] - Operating income increased to $50.9 billion from $42.8 billion, with net income rising to $42.1 billion from $36.3 billion [9] Segment Performance - iPhone sales reached $85.3 billion, up from $69.1 billion, marking the best-ever quarter for the product [10] - Services revenue also set an all-time record, increasing by 14% year over year [2] Cash Flow and Shareholder Returns - The company generated nearly $54 billion in operating cash flow and returned almost $32 billion to shareholders [2] - A cash dividend of $0.26 per share was declared, payable on February 12, 2026 [2] Active Devices and Market Presence - Apple now has over 2.5 billion active devices, indicating strong customer satisfaction and product adoption [2]
Apple Posts Blowout IPhone Sales on Surging China Demand
WSJ· 2026-01-29 21:30
The company raced past its already strong forecast, but investors are concerned about how it will contend with higher costs. ...
Apple Stock Closes Up. Earnings Are on Deck.
Barrons· 2026-01-29 21:18
Apple Stock Closes Up. Earnings Are on Deck.CONCLUDED[Apple Earnings Beat Estimates. iPhone Has 'Best-Ever Quarter.']Last Updated:---20 hours ago# Apple Stock Closes Up. Earnings Are on Deck.By[Angela Palumbo]Apple stock closed in the green on Thursday as investors prepared for the iPhone maker to post its most recent financial results.Shares ended Thursday up 0.7%, to $258.18. The stock has now gained 8.7% over the past 12 months, underperforming the S&P 500's 15% gain.Strong earnings and an optimistic out ...
X @Bloomberg
Bloomberg· 2026-01-29 20:42
Apple (AAPL) Earnings: Live Q1 2026 Results From iPhone Maker https://t.co/Wh9HLgYAdg ...
Apple Acquires Israeli Audio AI Startup Q.ai Before Q4 Earnings
PYMNTS.com· 2026-01-29 19:47
Apple has acquired Q.ai, an Israeli startup focused on artificial intelligence technology for audio, the Financial Times reported on Thursday (Jan. 29), as the company prepares to report fiscal fourth-quarter results later Thursday amid growing scrutiny of its AI strategy.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to ...
Apple buys Israeli startup Q.AI as the AI race heats up
TechCrunch· 2026-01-29 18:58
In Brief Apple, Meta, and Google are locked in a fierce battle to lead the next wave of AI, and they’ve recently increased their focus on hardware. With its latest acquisition of the AI startup Q.AI, Apple aims to gain an edge, particularly in the audio sector.As first reported by Reuters, Apple has acquired Q.AI, an Israeli startup specializing in imaging and machine learning, particularly technologies that enable devices to interpret whispered speech and enhance audio in noisy environments. Apple has bee ...
Apple Buys Israeli AI Startup That Interprets Facial Movements
MINT· 2026-01-29 18:48
Core Insights - Apple Inc. has acquired Israeli AI startup Q.ai, which specializes in technology for interpreting facial movements and silent communication [1][2] - The acquisition is valued at approximately $2 billion, marking a significant move for Apple in recent times [2] - Q.ai's technology could enhance Apple's audio products and AI features, including Siri and AirPods [1][3] Group 1: Acquisition Details - The acquisition price has not been officially disclosed, but it is estimated to be close to $2 billion [2] - Q.ai was co-founded by Aviad Maizels, who previously contributed to the development of Face ID technology at Apple [1][2] - Johny Srouji, overseeing Apple's custom silicon chips, expressed excitement about the innovative potential of Q.ai's technology [2] Group 2: Technology Applications - Q.ai's technology can analyze facial muscle movements to understand silent communication, which could enhance user interaction with devices [2][3] - The technology is expected to improve audio capabilities in devices like AirPods, which are anticipated to evolve into more powerful AI hardware [3] - Potential applications include enhancements for FaceTime, smart glasses, and headsets, indicating a broader impact on Apple's product ecosystem [3][4] Group 3: Company Vision - Aviad Maizels highlighted the unique combination of advanced machine learning and physics in Q.ai's technology, emphasizing the potential for innovation within Apple [4] - The integration into Apple is seen as an opportunity to push technological boundaries and enhance user experiences globally [4]
Apple acquires Israeli startup Q.ai
CNBC· 2026-01-29 18:41
Apple CEO Tim Cook joins Apple employees at the Apple store as customers line up for the release of Apple new iPhone 17 models in New York on Sept. 19, 2025.Apple has acquired Israeli artificial intelligence startup Q.ai, a company representative confirmed on Thursday. No purchase price was disclosed.Q.ai was secretive and had not publicly shared a product, but its website suggests it was working on something related to audio. The startup was led by CEO Aviad Maizels, who previously sold PrimeSense to Apple ...
Stock Market Today, Jan. 29: Dow, Russell 2000 escape Microsoft fallout; Apple reports after bell
Yahoo Finance· 2026-01-29 18:19
This live blog is refreshed periodically throughout the day with the latest updates from the market.To find the latest Stock Market Today threads, click here. Happy Thursday. This is TheStreet’s Stock Market Today for Jan. 29, 2026. You can follow the latest updates on the market here in our daily live blog. Update: 4:35 p.m. ET Apple Earnings Are In Apple's earnings have landed. Here are the details: Revenue: $143.756 billion, +16% (est. $138.48 billion) iPhone Revenue: $85.269 billion (estimates wer ...
Unit Labor Costs Remain Negative
ZACKS· 2026-01-29 17:36
Economic Data Summary - Initial Jobless Claims increased to 209K, slightly above the estimated 205K, but down from the revised 210K the previous week, indicating a stable labor market with an average of 206K claims over the past six weeks [2] - Continuing Claims fell to 1.827 million, the lowest level in a year and a half, showing a significant decrease from the range of 1.9-1.974 million observed last year [3] - Q3 Productivity remained unchanged at +4.9%, marking the best quarter since Q3 2023, potentially linked to advancements in AI [3] - Unit Labor Costs stayed at -1.9%, the lowest since -2.9% in Q2 of the previous year, suggesting a favorable economic environment with higher productivity and lower labor costs [4] - The U.S. Trade Deficit for November dropped to -$56.8 billion from -$29.2 billion the previous month, significantly better than the all-time low of -$136.4 billion in March of last year [4] Company Earnings Reports - Mastercard (MA) reported earnings of $4.76, exceeding expectations by +13%, with a trailing four-quarter average beat of +3.1% [5] - Caterpillar (CAT) achieved earnings of $5.16 per share, a +10.5% surprise, with revenues of $19.13 billion, surpassing expectations by +6.6% [5] - Lockheed Martin (LMT) experienced its first negative earnings surprise since 2017, reporting $5.80 per share against expectations of $6.24, but shares rose due to a +9.1% increase in revenue [6] - Valero (VLO) delivered strong results with earnings of $3.82 per share and revenues of $30.37 billion, exceeding expectations by +18.62% and +8.24% respectively [6] Upcoming Earnings Reports - Apple (AAPL) is expected to report fiscal Q3 results with a projected earnings growth of +10.4% and revenue growth of +10.87%, having only one earnings miss in the past five years [7] - Visa (V) is anticipated to report a +14.18% increase in earnings and +12.5% in revenues, maintaining a strong track record with an average earnings beat of +2.7% over the last four quarters [8]