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Apple's Q2 earnings hit $1.65 per share, beating estimates. Net sales reached $95.36 billion, exceeding expectations. The company raised its dividend to $0.26 and announced a $100 billion buyback.

Apple's stock fell 4% to $204.67 after revealing a $900 million hit from tariffs on devices from India and Vietnam, risking a $130 billion drop in market cap.

Apple is shifting its supply chain, sourcing most U.S. iPhones from India to avoid tariffs. In Q1, revenue hit $95.4 billion, with iPhone sales up 2%. A $500 billion U.S. investment is planned.

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About Apple Inc

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, AppleCare, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak in April 1976 and is headquartered in Cupertino, CA.