*By Madison Alworth*
Apple showed that even weaker iPhone sales can't slow the technology giant down. The stock popped as much as 5 percent in after-hours trading as investors remained bullish on the tech company.
Apple reported second-quarter earnings Tuesday, and it beat on both earnings per share ($2.73 compared to estimates of $2.67) and revenue (more than $61.1 billion compared to $60.8 billion).
Though the company failed to sell as many iPhones as it expected for the quarter, sales were still up ー 52.2 million units sold compared to 50.8 million last year.
Apple is pushing to get its customers more heavily engaged with its products and byproducts by "trying to make these sticky devices, even stickier," said Chris Versace, the chief investment officer at Tematica Research.
Revenue from Apple's "other products" was $3.9 billion, and sales for the Apple Watch and AirPods were up almost 50 percent.
Overall, international sales accounted 65 percent of quarterly revenue. One of the greatest areas of growth for Apple was quarterly service revenue, up more than $2 billion from this time last year to $9.19 billion.
That, plus a $100 billion share buyback, overshadowed softer-than-expected demand for the company's iconic smartphone.
"Apple is much more than iPhone," said Versace.
For full interview, [click here](https://cheddar.com/videos/snap-and-apple-report-earnings).
Google is moving forward with its previously-announced plan to delete inactive accounts and all associated data.
The network of nearly 4,800 fake accounts was attempting to build an audience when it was identified and eliminated by the tech company, which owns Facebook and Instagram.
Someone in China created thousands of fake social media accounts designed to appear to be from Americans and used them to spread polarizing political content in an apparent effort to divide the U.S. ahead of next year's elections, Meta said Thursday.
Elon Musk had some harsh words for advertisers who have left his platform X over rising hate and anti-Semitism on the platform, formerly known as Twitter.
The first commercial airliner to cross the Atlantic on a purely high-fat, low-emissions fuel flew Tuesday from London to New York in a step toward achieving what supporters called “jet zero."
A new study examined the link between mental health and internet use and didn't find that it was consistently linked to negative psychological outcomes.
Amazon announced that it's launching 'Q,' a business ChatBot powered by generative AI tech similar to ChatGPT.
A ransomware attack has prompted a health care chain that operates 30 hospitals in six states to divert patients from at least some of its emergency rooms to other hospitals, while putting certain elective procedures on pause, the company announced.
Amazon rolled out its palm-based identity service for businesses.
North Korea claims that its first spy satellite was able to photograph images of the White House, the Pentagon and U.S. military bases.
Load More