On May 1, following the close of the U.S. stock market, Apple unveiled its second fiscal quarter results for fiscal year 2025, revealing both revenue and profit figures that surpassed analyst expectations. Concurrently, Apple's board of directors greenlit a $100 billion share repurchase program. Nonetheless, revenue in Greater China fell short of projections, and concerns over rising tariffs increasing costs led to a 4% decline in the company's stock price after market hours.