Apple Inc.’s much-awaited quarterly earnings report failed to soothe investor concerns about its biggest challenges, including escalating tariff costs and a slowdown in China.

The iPhone maker’s revenue in China has consistently declined in recent years. The company saw an 8 per cent drop in sales in the region for its financial year ending September

Apple's quarterly sales and profit for the second quarter narrowly beat out Wall Street expectations as iPhone sales were strong in the face of impending tariffs

Apple on Thursday reported quarterly earnings slightly ahead of expectations, lifted by stronger-than-expected revenue from its services business. Why it matters: The earnings reports come amid concerns over how the company will be affected by trade tensions with China and just after a scathing ruling from a federal court over its App Store practices.

The company announced it upped its quarterly cash dividend to $0.26 per share and its board approved a $100 billion share buyback program.

Epic Games told the court in March 2024 that Apple was “blatantly” violating the court’s order, including by imposing a new 27% fee on app developers when Apple customers co

The judge hammered Apple for violating a ruling over restrictions in its App Store. The case was referred to federal prosecutors for a criminal contempt investigation.