
The Daily Money: Vacationing on a budget
Good morning! This is Betty Lin-Fisher with today's edition of The Daily Money.
Summer travel is around the corner for many travelers, but less may be more when it comes to summer vacations this year, reports my colleague Eve Chen.
While travelers are still planning to get away, many are shifting their destinations, trip duration and other factors amid economic uncertainty.
An April 28 to May 1 survey of 2,000 U.S. adults commissioned by members-only home-swapping community Kindred found that 90% were 'actively looking' for ways to save on summer travel.
What are some ways to save on your summer travel plans?
Is that customer service site real?
When something is wrong with a product or we have an issue with a company, we're itching to connect with someone from customer service to make it right.
But a growing number of scammers are creating fake customer service phone numbers or websites, or even connecting with someone venting on social media to take advantage of the situation.
Here are some tips to protect yourself.
Could iPhones really cost $3,500?
President Donald Trump is threatening a tariff of at least 25% on Apple if iPhones are not manufactured or built in the United States.
Experts agree a new tariff could drive iPhone prices higher, but disagree on how much.
📰 Consumer stories you shouldn't miss 📰
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Apple: Growth Despite Tariff Headwinds
Key Points Apple posted double-digit revenue and earnings growth, topping Wall Street's quarterly expectations. iPhone revenue continues to climb, and the company returned to growth in China. Expect Apple to continue to face questions about tariffs and AI, but its core franchises remain strong. 10 stocks we like better than Apple › Here's our initial take on Apple's (NASDAQ: AAPL) fiscal 2025 third-quarter financial report. Key Metrics Metric Q3 FY24 Q3 FY25 Change vs. Expectations Revenue $85.8 billion $94.0 billion 10% Beat Earnings per share $1.40 $1.57 12% Beat iPhone revenue $39.3 billion $44.6 billion 13% Beat Services revenue $24.2 billion $27.4 billion 13% Beat Apple Posts Strong Growth Despite Macro Headwinds Investors came into earnings season with questions about Apple's ability to weather the impact of tariffs, and the company answered by reporting robust growth. Apple said revenue grew by 10% and earnings per share by 12%, boosted by stronger-than-expected iPhone growth in the quarter. The sales growth, in a quarter marred by tariff talk, is a reminder of the enduring popularity of the iPhone and the success of a new, more affordable model released earlier this year. Apple has responded to the tariff concerns by shifting shipping patterns, with a majority of iPhones sold in the U.S. now reportedly assembled in India and not China. Apple had forecast low- to mid-single-digit growth in the quarter, predicting a $900 million headwind from tariffs in the period. Apple also returned to growth in China, posting sales of $15.4 billion for the quarter compared to $14.7 billion in the same three months of 2024. The company did not provide a Q4 forecast in the earnings report, but is likely to give some guidance about what it expects in the second half of calendar year 2025 during its call with investors. Immediate Market Reaction Investors were happy with the results. Apple stock was up 2% in aftermarket trading immediately following the release but ahead of the company's call with investors. What to Watch Apple's numbers were strong, but that was expected. The big question with Apple is not about the numbers, but about what comes next. Apple's AI efforts have floundered so far, and top execs have fled to rivals. There have been reports that Apple could find a partner to bring AI to its devices instead of continuing to develop in-house. Expect a lot of investor questions about AI on the call, as well as a focus on future devices that Apple can add to its offering along with phones, computers, iPads, and wearables. There is also still a looming uncertainty about tariffs, with tariff exemptions on smartphones expected to lapse and talk of new India tariffs that could further complicate supply chains. Apple is yet to answer the question about the "next big thing," be it AI or a new device, but the company's core franchises remain massively profitable and show no signs of sputtering from here. Helpful Resources Full earnings report Investor relations page Additional coverage Should you invest $1,000 in Apple right now? Before you buy stock in Apple, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Apple wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,629!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,098,838!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy. Apple: Growth Despite Tariff Headwinds was originally published by The Motley Fool
Yahoo
3 hours ago
- Yahoo
Apple sets quarterly revenue record as earnings broadly beat expectations, shares climb
Apple blew past Wall Street expectations with its third-quarter earnings report released Thursday, revealing robust growth driven by persistent iPhone demand, surging services revenue, and resilience in key international markets—even as tariff anxieties and questions over its artificial intelligence (AI) roadmap loomed over the industry. For the quarter ended June 28, 2025, Apple posted revenue of $94 billion, representing a 10% increase compared to the same period last year. Net income soared to $1.57 per share—up 12% from a year ago and significantly ahead of analyst forecasts, which had pegged earnings per share at $1.43 on expected revenue of $89.22 billion. Gross margin nudged up to 46.5%. CEO Tim Cook celebrated the results, noting 'Apple is proud to report a June quarter revenue record with double-digit growth in iPhone, Mac and Services and growth around the world, in every geographic segment.' Apple's board declared a quarterly dividend of $0.26 per share, payable August 14 to shareholders of record as of August 11. The installed base of active devices hit a 'new all-time high,' according to CFO Kevan Parekh, underscoring Apple's customer loyalty amid intensifying market competition. Apple shares climbed more than 2.5% post-market on the results. Segment highlights Apple's signature iPhone business was the principal engine of growth, generating $44.6 billion in sales—up from $39.2 billion the previous year. This far exceeded most forecasts and reinforced the iPhone's dominance, even as competitors ramp up their global push. The Services segment, encompassing the App Store, Apple Pay, Apple TV+, Apple Music, and iCloud, also set a new record: revenue there hit $27.4 billion, a 13% increase over last year. The success of Apple TV+ was underscored by the summer box office triumph of 'F1: The Movie,' which has grossed nearly $513 million worldwide. Mac sales also posted double-digit growth, rising to $8 billion. In contrast, iPad and Wearables revenue both saw modest declines, but these were more than offset by the core and services businesses. International & trade dynamics Growth was broad-based—notably including China, where Apple outperformed expectations with $15.4 billion in sales. This comes amid a tense geopolitical environment: President Donald Trump, seeking to enact tariffs of at least 25% on non-U.S.-made iPhones, had warned Apple to 'manufacture in the U.S., not India, or anyplace else.' The company had projected a $900 million headwind from tariffs this quarter but successfully navigated the challenge, in part by accelerating its shift in device manufacturing from China to India. Looking ahead Despite these achievements, investor scrutiny remained focused on Apple's comparative lag in artificial intelligence rollouts—especially as competitors like Meta and Microsoft grab headlines for major AI advances. Apple's stock, while buoyed after the earnings beat, has fallen 16% year-to-date, underperforming the broader S&P 500. Still, many analysts remain bullish, citing Apple's ecosystem strength, user retention, and ability to deftly manage global headwinds. Some analysts have expressed impatience with Tim Cook, even arguing for him to be replaced. Longtime Apple bull Dan Ives has thrown his support behind Cook but argued for a transformative M&A deal for Apple to get a leg up in the AI race, slamming a recent presentation as something that 'felt like an episode out of 'Back to the Future,'' although though that was a film, not an episodic TV series. For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing. This story was originally featured on Sign in to access your portfolio
Yahoo
3 hours ago
- Yahoo
Apple Posts Better-Than-Expected Earnings as Services Revenue Hits Record High
Apple (AAPL) reported fiscal third-quarter earnings that topped analysts' expectations, as its services revenue hit a record high. The iPhone maker posted revenue of $94.04 billion, up 10% year-over-year and above the analyst consensus from Visible Alpha. Net income of $23.43 billion, or $1.57 per share, rose from $21.45 billion, or $1.40 per share, a year earlier, topping Wall Street's estimates. Apple's services revenue improved 13% to a record $27.42 billion, above expectations. Apple's iPhone sales climbed 13% to $44.58 billion, ahead of projections, while Mac sales rose 15% to $8.05 billion, and iPad sales decreased 8% to $6.58 billion. Apple shares gained more than 2% in after-hours trading. The stock was down 17% for 2025 through Thursday's close. CEO Tim Cook Says Apple Is 'Significantly Growing' AI Investments CEO Tim Cook told investors on the company's earnings call that Apple is "significantly growing" its investments in AI and reallocating employees within the company to focus on development, but didn't provide a specific figure. A more personalized, AI-powered version of Apple's Siri virtual assistant is expected to launch in 2026, Cook confirmed. Significant delays have raised pressure on Apple to prove it can compete with other tech leaders on AI development. Cook also said Apple absorbed roughly $800 million in tariff-related costs during the third quarter, and expects to take a $1.1 billion hit in the current quarter, assuming tariff levels remain the same. Last week, Morgan Stanley analysts cautioned that the Trump administration could soon subject Apple to Section 232 tariffs, which are tied to national security concerns. This article has been updated since it was first published to include additional information and reflect more recent share price values. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data