Dara Kerr

Trump said consumer electronics will be exempted from his soaring tariffs on China, though it is unclear for how long

Apple’s second-quarter financials came in slightly higher than Wall Street’s expectations on Thursday.

The tech giant reported revenue of $95.4bn, up more than 4% over last year, and earnings-per-share of $1.65 per share, up more than 7%. Analysts had predicted revenue of $94.5bn and earnings of $1.62. The company, worth $3.2tn, has beaten Wall Street’s expectations for the previous four quarters.

Trump said consumer electronics will be exempted from his soaring tariffs on China but it is unclear for how long

Investors have their eyes on Apple as it prepares to report financial results of the second quarter of the fiscal year on Thursday. The tech giant has been working to calm nervous analysts after Donald Trump levied sweeping tariffs on countries around the world that are likely to complicate supply chains for consumer electronics. Since the beginning of the year, Apple’s stock has slumped 16%.