Group 1: Apple - Apple announced a dividend increase of $0.01 per share, or 4%, raising the quarterly disbursement to $0.26 [2] - The company authorized a new share repurchase program of up to $100 billion, which is less than the previous quarter's $110 billion [3] - Total revenue for Apple reached nearly $95.4 billion, surpassing the average analyst projection of $94.2 billion, with net income at $24.8 billion, almost 5% higher than the previous year [6] - Product revenue increased less than 3% year over year to $68.7 billion, while the services segment rose 11% to $26.6 billion [5] - The newly raised dividend will be distributed on May 15 to investors of record as of May 12, resulting in a yield of 0.5% at the most recent closing stock price [7] Group 2: IBM - IBM declared a quarterly dividend of $1.68 per share, marking the 30th consecutive year of dividend increases, with a $0.01 hike [9] - The company reported first-quarter revenues of $14.5 billion and non-GAAP net income of almost $1.6 billion, beating average analyst projections [10] - IBM's consulting business experienced a 2% year-over-year revenue decline to $5.1 billion, while infrastructure revenue fell 6% to $2.9 billion [11] - The software segment, which is the largest revenue generator, rose 7% to $6.3 billion, indicating a strong performance in a high-margin area [12] - The new dividend will be paid on June 10 to stockholders of record as of May 9, offering a dividend yield of 2.7% based on the current share price [14]

Core Viewpoint - Apple is facing significant challenges due to new tariffs imposed by the Trump administration on its secondary production locations, which could lead to increased prices for its products and a substantial decline in market capitalization [2][3][4]. Group 1: Manufacturing Strategy - Apple has diversified its manufacturing by sourcing iPhones from India, AirPods from Vietnam, and assembling Mac desktops in Malaysia to reduce reliance on China [1]. - This diversification was initially a response to tariffs from the Trump administration, supply chain disruptions from Covid, and chip shortages [2]. Group 2: Impact of Tariffs - The recent tariffs announced by Trump have affected all of Apple's secondary production locations, leading to a decline of over 9% in Apple's shares and a loss of nearly $300 billion in market capitalization [3]. - Analysts estimate that to offset the impact of these tariffs, Apple may need to raise prices by 17% to 18% across its product lines in the U.S. [4]. Group 3: Market Reactions and Future Outlook - The geopolitical tensions and tariff implications have created uncertainty for Apple, with analysts suggesting that the company may need to prepare for worst-case scenarios [5]. - Apple has not publicly commented on its strategy regarding the new tariffs or potential price increases, nor has it disclosed details about CEO Tim Cook's meetings with Trump [5][6].