Apple Tops Wall Street Expectations With $24.78 Billion Profit
1. Apple's quarterly sales rose 5% to $95.36 billion, exceeding expectations. 2. New lower-priced iPhone and strong app sales drove robust profits. 3. Tim Cook negotiated tariff exemptions for Chinese-made iPhones, boosting business. 4. Recent tariffs led to a significant drop in Apple's market value. 5. Shares fell over 2% after positive earnings due to market reactions.