06:10 PM EDT, 05/01/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

AAPL posted Mar-Q EPS of $1.65, beating the $1.63 consensus. Sales grew 5% (above our 4% view), driven by an 11.6% increase in higher margin Services segment. We note iPhone sales grew 1.9%, slightly above our view, likely buoyed by the introduction of the iPhone 16e. Mac and iPad segments saw healthy growth of 15% and 7%, on new product releases. AAPL saw strong growth in the Americas and Japan, growing 8% and 17%, respectively. In fact, the 8% growth pace in the Americas was the fastest pace since Sep-Q of 2022, which we think likely reflects easier comparisons (-1% a year ago), but could also reflect some inventory build in the U.S. China revenue declined 3%, but the hope was for growth as subsidies were put in place to help stimulate demand in the region. The $100B buyback announced is below the $110B announced a year ago, which we found as a bit of a head-scratcher, as AAPL historically either holds its buyback or increases it authorization versus the prior year (possibly reflects tariff concerns).