Skip to content

We want to clarify that IG International does not have an official Line account at this time. We have not established any official presence on Line messaging platform. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Apple shares climb on upbeat earnings

Shares in Apple rose more than 2% in extended trading, after it beat on the top and bottom lines and provided an upbeat assessment of its outlook.

Video poster image

Earnings per share (EPS) came in at $1.52 per share, unchanged compared to the same quarter a year ago, and higher than the $1.43 anticipated by analysts. Revenue fell 2.5% to $94.8 billion. The market had forecast a 4.4% decline to $92.9Bln.

Apple raised its dividend by 1 cent to 24 cents a share.

(Video Transcript)

Apple shares rise on upbeat earnings

Apple shares rose more than 2% in extended trade last night on the IG platform after the US company reported better than expected numbers for its fiscal second quarter (Q2) figures.

Let's take a look at what we saw yesterday. Earnings per share (EPS) were $1.52, unchanged compared to the same quarter this time last year, and higher than $1.43 anticipated by analysts in the sector. Revenue fell 2.5% to $94.8 billion, but the market had forecast a 4.4% drop in revenues to $92.9. So again, despite the fact that it's down, it is better than expected. Apple raised its dividends as well by one cent to 24 cents a share.

iPhone sales were up 1.5% to 51.3 billion, expectations were for a 3.3% drop. A pretty solid performance if you consider that according to research firm, Canalys Global, that smartphone shipments fell 13% during the first three months of 2023. So you can see an outperformance there by Apple.

Share price chart

Let's take a look at the share price chart. I want to show you the 30-minute chart first of all, from where we started out late last night. We got this reporting in this part of the chart here. It fell initially and then we saw a recovery in the market taking us through to the close last night at $169.91.

Let's update you on what's been happening on the daily chart where yesterday intraday we saw the highest print in shares that we've seen since August 2022. So it really has been a stunning performance since the lows that we had there back in January. Since the beginning of the year, we have risen a whopping 38%.

Not all Apple products sharing the same upbeat numbers. Mac sales fell more than 30% but iPhone remains the central plank for this company.

Investors are still waiting for the company's next major hardware product. According to Bloomberg, a mixed reality headset could be unveiled as soon as next month. That's Apple, up all-sessions on the IG platform late last night.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access
Learn more

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

You might be interested in…

<h3>How much does trading cost?</h3>
<h3>Find out about IG</h3>
<h3>Plan your trading</h3>

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.