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Apple Q2 iPhone sales beat expectations: Bullish or Bearish？
Apple announced financial results for its fiscal 2023 second quarter ended April 1, 2023, which beat expectations, driven by stronger-than-a Show More
Apple announced financial results for its fiscal 2023 second quarter ended April 1, 2023, which beat expectations, driven by stronger-than-anticipated iPhone sales. The Earnings Highlights are below:

• Revenue: $94.8 billion versus $92.6 billion expected. Revenue fell 3% year over year.
• Adj. EPS: $1.52 versus $1.43 expected, unchanged year over year.
• iPhone ( Net sales by category): $51.3 billion versus $48.9 billion expected.
• Net income is $24.16 billion, which fell 3.4% year-over-year.

Apple also announced that the board of directors had authorized an additional program to repurchase up to $90 billion of the Company’s common stock. Luca Maestri, Apple’s CFO, said “Given our confidence in Apple’s future and the value we see in our stock, our Board has authorized an additional $90 billion for share repurchases. We are also raising our quarterly dividend for the eleventh year in a row.”

Q:
1) What do you think about Apple's earnings results this quarter?
2) Would you choose to buy Apple products or stocks? Why？

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