Apple (AAPL) Jumps ~5% After Strong Q2 Earnings Beat

Apple shares rose around 5% following a solid earnings report that beat Wall Street expectations. EPS: $2.01 (vs $1.96 expected) Revenue: $111.2 billion (vs $109.7 billion expected) Key Highlights iPhone was the standout performer, with revenue growing 20% year-over-year to nearly $57 billion — marking the second consecutive quarter of strong momentum in Apple’s flagship product. China delivered a big positive surprise, with revenue of ~$20.5 billion, well above expectations and showing resilience in a challenging market. Services continued its reliable double-digit growth, bolstering recurring revenue and high-margin profitability. Mac business saw upside from AI-related demand, particularly strong sales of Mac Mini and Mac Studio among developers building local AI tools. Challenges Ahead...