Taiwanese President Tsai Ing-wen is expected to stop over in the U.S. on Friday on her way back from visiting diplomatic allies in the Caribbean, a move that's sure to make...China Politicsread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
Libra and bitcoin are different in a lot of ways, from the technology behind them to the way they're used.Technologyread more
Stocks in major Asia Pacific markets made strong gains on Friday, as comments from a U.S. Federal Reserve official led to rising expectations the central bank could ease...Asia Marketsread more
Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in "less than three seconds"...Autosread more
Animation fans and Kyoto residents gathered at the site of Japan's worst mass killing in 18 years on Friday, offering flowers and prayers for the 33 people who died in an...Asia Newsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
Apple reported quarterly earnings and revenue that topped analyst expectations on Tuesday, as its bet on the iPhone SE paid off.
The technology giant reported earnings of $1.42 per share on revenues of $42.4 billion, above the $1.38 per share on sales of $42.09 billion expected by a Thomson Reuters consensus estimate.
That's down against the comparable year-ago figure of $1.85 per share on $49.61 billion in revenue.
Apple shipped 40.4 million iPhones in the third fiscal quarter, above the 40.02 million expected by StreetAccount estimates.
"At its launch, we said the addition of the iPhone SE to the iPhone lineup placed us in a better position to meet the needs of customers who love a 4-inch phone, and to attract even more customers to our ecosystem," CEO Tim Cook said in a conference call with investors. "In both cases, that strategy is working."
The company debuted the iPhone SE in March for $399 for the 16GB model, much lower than a traditional iPhone debut. It had mixed response on Wall Street, where some worried it wasn't as drastic of an upgrade as other models, and might erode sales of higher-end models.
Cook said the phone is popular in both developed and emerging markets, and those switching from other carriers accounted for the highest percentage of quarterly iPhone sales Apple has ever measured.
Analysts have expressed widespread concerns that consumers aren't upgrading their iPhones as often as they used to. But Tim Cook told CNBC he feels fantastic about how the iPhone did, and that it will be more important than ever looking forward. Indeed, Apple could be near the sale of its billionth iPhone, said Andy Hargreaves, Pacific Crest analyst.
In the fourth quarter, the company expects to earn $45.5 billion to $47.5 billion in revenues. StreetAccount consensus estimates had predicted $45.94 billion.
In what is traditionally a weak quarter, Apple was expected to report its second consecutive quarter of year-on-year revenue declines, after last quarter saw the first year-over-year quarterly sales drop since 2003.
Shares of the company have fallen more than 20 percent since this time last year, when Apple posted its smallest EPS beat in two years.
Sales in China were also in focus, down 33 percent year over year to $8.8 billion.
That's after currency pressures in Hong Kong weighed on last quarter's earnings. Competition in China's market has intensified, which some say may threaten iPhone market share there.
But China Mobile told Cook that there are more iPhones on their network than any other brand, and that their underlying business in China is stronger than results imply. Still, the economic conditions there are slowing, he said.
"During the past quarter, I visited China and India, " Cook said. "And I am very encouraged about the growth prospects in those countries. We remain very optimistic about the long-term opportunities in greater China."
India, in particular, has "huge potential," Cook said, as Apple looks to open retail stores there.
Revenue in services, though, was a bright spot in the report. Sales in that category popped 19 percent as the app store hit an all-time record, the company said.
Cook said he expected services to be "the size of a Fortune 100 company by next year."
Still, Ross Gerber, CEO of wealth and investment management firm Gerber Kawasaki, said there was a missed opportunity with Apple TV. Sales of "other products" were down 16 percent year over year to $2.22 billion, the company said.
"We have to address Apple TV, which is still a mess of apps and the easiest way to do it is by using the cash balance," Gerber told "Closing Bell. " "We're very, very unhappy with this cash sitting here with so many opportunities to buy Tesla and to buy Netflix and master the universe of technology in the future. ... I would like to see Tim go out there and do something bold, otherwise it's going to be tough to keep growing."
Other figures of note:
This is breaking news. Please check back for updates.
— CNBC's Everett Rosenfeld, Harriet Taylor and Arjun Kharpal contributed to this report.