Apple reported fiscal first-quarter earnings Thursday. Analysts are focused on iPhone momentum following a sluggish start to the year for Apple's stock.

The company has heavily advertised AI features since the latest iPhones were released in September.

Apple (AAPL) shares rose early Friday as the technology giant recorded better-than-expected fiscal first-quarter results, with gains in Mac and iPad sales helping to counter a decline in iPhone revenue.

Apple continues to spend less than its Magnificent 7 peers on artificial intelligence. Recent reports from Chinese start-up DeepSeek have caused investors to positively reassess that strategy American

The company’s stock is getting a boost from the DeepSeek news, but AI isn’t driving a rush to upgrade iPhones yet.

EPS of $2.40, up 10% from a year ago and above the FactSet consensus of $2.35. Revenue grew 4% to $124.30 billion, to top the FactSet consensus of $124.26 billion and extend its streak of top-line beats to eight quarters.

Apple shares rose over 3% in premarket trading, after the company reported better-than-expected earnings but said iPhone sales fell slightly in the December quarter. iPhone sales were down nearly 1% on the year at $69.

S&P 500 futures are near flat Thursday night as investors analyzed earnings reports from Apple and other well-known companies ahead of the release of a closely followed inflation report. Futures tied to the broad index ticked higher by 0.1%, while Nasdaq 100 futures added 0.3%. Dow Jones Industrial Average futures added 53 points, or 0.1%.

ExxonMobil surpassed earnings expectations, but revenue fell short, highlighting the fourth quarter's achievements and challenges.

AppFolio delivered impressive earnings, exceeding revenue expectations, but faced challenges with rising operational costs.

The iPhone maker reports quarterly results after the closing bell today. Here’s what investors will be looking out for. Apple is expected to earn $2.35 a share for its fiscal first-quarter, which ended in December,