US stocks gained steam on Thursday afternoon as investors digested megacap tech earnings and waited for Apple (AAPL) results for more clues on prospects for Big Tech. Right ahead of the closing bell,

Apple reported fiscal first-quarter earnings Thursday. Analysts are focused on iPhone momentum following a sluggish start to the year for Apple's stock.

Investment firm Oppenheimer has downgraded tech giant Apple (AAPL) stock from Buy to Hold due to reduced estimates for iPhone sales over the

Good afternoon, and welcome to the Apple Q1 fiscal year 2025 earnings conference call. My name is Suhasini Chandramouli, Director of investor relations. Today's call is being recorded. Speaking first today are Apple CEO, Tim Cook; and he'll be followed by CFO, Kevan Parekh.

Apple confirmed the buybacks on the final page of its Q1 2025 earnings report. The $23.6 billion spent on share repurchases is consistent with recent trends at the company. Last year, Apple reported $69 spent on buybacks during a nine-month period.

We are bullish on Apple stock due to strong profitability, growth in services, and attractive valuation despite risks. Read an analysis of AAPL stock here.