Apple crushes Q2 with services surge—3% pop after hours, Nasdaq at records
Apple just dropped their Q2 numbers and damn, it's got the tape lighting up in after-hours. Shares are ripping 3% to around $248 right now after beating estimates with revenue at $111.3B, up a solid 17% year-over-year. I was bracing for some iPhone weakness with all the chatter about softening demand, but nope—Macs and services came in hot to save the day.
iPhone sales did miss a bit at $48.2B, which had me side-eyeing the whole report for a second. But then they guide Q3 for 14-17% revenue growth, way above the street's 9.5% whisper. That's the kind of forward-looking juice that gets bulls piling back in, especially with analysts hiking targets on the back of iPhone 17 hype and those AI bells and whistles.
This is pushing Nasdaq to a fresh record close at 25,114, up almost 0.9% today, even with the usual geopolitical noise in the background. Feels like tech's got that resilient edge again—reminds me of those post-earnings pops in '23 when services started carrying the load. Traders are loving it; you can see the relief in the flow after weeks of rotation out of megacaps.
But here's the watch: iPhone miss could cap the upside if China demand stays muted. If we're talking setups, that $250 level might act as resistance tomorrow—break it and we squeeze higher toward $260. Anyone fading this into the open, or you seeing room for more? What's your read on the services momentum holding through summer?
This article is for educational and informational purposes only. It is not financial advice, investment recommendation, or a solicitation to buy or sell securities. Investing involves significant risks. I am not a SEBI-registered investment advisor. Readers should consult their own financial advisor and conduct their own research before making any investment decisions.
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