News
Friday, January 30, 2026
What’s happening: Shares of Apple edged higher in extended trading hours on Thursday, following the release of the company’s fiscal first-quarter results.
What happened: The iPhone maker posted stronger-than-expected sales and earnings for the latest quarter.
Apple also issued strong revenue growth guidance for the current quarter, driven by upbeat demand for its iPhones and a significant recovery in China.
How were the results: The Cupertino, California-based company reported low double-digit sales growth for the quarter ended December 27.
Why it matters: Apple benefited from strong demand for its iPhone 17 lineup, which helped the company report higher sales across major markets during its latest quarter.
CEO Tim Cook said, “iPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment, and Services also achieved an all-time revenue record, up 14 percent from a year ago.”
iPhone sales surged to $85.27 billion in the first quarter from $69.14 billion in the year-ago period, while iPad sales climbed to $8.60 billion from $8.09 billion last year.
Mac sales contracted to $8.39 billion, while sales of wearables, home and accessories slipped to $11.49 billion.
Sales in Greater China sales surged 38% year-over-year to a record high of $25.53 billion. Apple had been facing stiff competition from local companies in China, while having to deal with stricter regulations.
Earlier this month, Apple announced a partnership with Google for using Gemini to improve Siri. The company also announced the acquisition of an AI startup Q.ai for $1.6 billion.
For the second quarter, Apple guided to revenue growth of 13%-16% year-over-year, compared to market estimates of 10%.
How shares responded: Apple’s shares rose 0.5% to $259.68 in after-hours trading on Thursday, following the release of quarterly results. The stock has surged around 22% over the past six months.
What to watch: Investors will continue monitoring the ongoing shortage of memory chips around the world, which could impact the consumer electronics industry. Markets will also watch competition and regulations amid increasing trade tensions among countries.
Context: The Japanese yen fell versus the US dollar this morning, following the recent rally.
Details: The yen came under pressure this morning after gaining almost 2% this month. The recent rally was driven by reports that the New York Fed has conducted rate checks with dealers for the USD/JPY forex pair, raising prospects of a joint intervention in the forex market to halt the yen’s plunge.
On the economic data front, Japan’s retail sales unexpectedly dipped 0.9% year-over-year in December following a 1.1% gain in the previous month. The figure was significantly worse than market expectations of 0.7% growth. It also represented the first decline in retail sales since August 2025.
Japan’s industrial production fell 0.1% in December, slower than the 2.7% decline recorded in the previous month. The figure was better than market estimates of a 0.4% decline. Japan’s unemployment rate came in unchanged for the fourth straight month at 2.6% in December.
Tokyo’s core consumer prices grew by 2% year-over-year in January, versus a 2.3% gain in the previous month and market estimates of 2.2%.
Strength in the US dollar exerted pressure on the Japanese currency. The US dollar index, which measures the greenback’s performance versus a basket of major peers, gained around 0.3% to 96.58 this morning.
The USD/JPY forex pair rose around 0.5% to 153.82 this morning. The Japanese yen remained on course to record its first monthly rise versus the greenback since August 2025.
What to watch: Investors await the release of economic data on S&P Global manufacturing PMI (0430 UAE Time) from Japan on Monday. Analysts expect the S&P Global Japan manufacturing PMI to rise to 51.5 in January from the previous reading of 50.
Other Markets: US trading indices closed mixed on Thursday, with the S&P 500 and Nasdaq 100 down by 0.13% and 0.53%, respectively, and the Dow Jones index up by 0.11%.
Russia again invited Ukraine’s President Volodymyr Zelenskyy to Moscow for holding direct peace talks. The news sent the USD/RUB pair higher in forex trading this morning.
Australia’s final demand PPI rose 0.8% in the fourth quarter, easing from a 1.0% rise in the previous quarter, which exerted pressure on the AUD/USD forex pair.
South Korea’s industrial production grew by 0.5% year-over-year in 2025. This being the slowest growth in five years sent the USD/KRW pair higher in forex trading this morning.
Chile’s unemployment rate fell to 8% in the October–December quarter, down 0.1 percentage points from the year-ago period, lending support to the USD/CLP forex pair.
Canada’s average weekly earnings of non-farm payroll employees surged 2.5% year-over-year to C$1,317 in November, accelerating from the previous month’s 2.0% gain. However, the USD/CAD pair rose in forex trading this morning.
Spain’s GDP growth rate (1200 UAE Time) and inflation rate (1200 UAE Time), Turkey’s tourist arrivals (1200 UAE Time), Germany’s unemployed persons (1255 UAE Time), unemployment change (1255 UAE Time), unemployment rate (1255 UAE Time), GDP growth rate (1300 UAE Time) and inflation rate (1700 UAE Time), Italy’s GDP growth rate (1300 UAE Time), unemployment rate (1400 UAE Time) and PPI (1500 UAE Time), Spain’s current account (1300 UAE Time), UK’s consumer credit (1330 UAE Time) and net lending to individuals (1330 UAE Time), Eurozone’s GDP growth rate (1400 UAE Time) and unemployment rate (1400 UAE Time), India’s bank loan growth (1530 UAE Time) and foreign exchange reserves (1530 UAE Time), Brazil’s gross debt to GDP (1530 UAE Time) and unemployment rate (1600 UAE Time), Mexico’s GDP growth rate (1600 UAE Time), South Africa’s balance of trade (1600 UAE Time), Canada’s GDP (1730 UAE Time) as well as US PPI (1730 UAE Time), Chicago PMI (1845 UAE Time) and Baker Hughes total rigs count (2200 UAE Time).