How did AAP's Q4 earnings surprise impact investor sentiment?

Apple's (AAPL) Q4 earnings surprise had a significant impact on investor sentiment, although the specific effect varied over time. Initially, the positive earnings surprise of $0.06 per share on June 30, 2024, contributed to a 30.07% increase in the stock price from January 2, 2024, to December 31, 2024. This positive momentum was likely sustained due to the company's consistent performance, with subsequent quarters showing smaller but still positive earnings surprises of $0.04 on September 30, 2024, and December 31, 2024.

However, the most recent quarter's earnings surprise of $0.04 on March 31, 2025, represented a 9.25% decrease from the previous quarter's surprise. This decline in earnings surprise may have led to a reassessment of investor sentiment, potentially causing some concern about Apple's growth trajectory moving forward.

|code|Ticker|Name|Date|Revenue Surprise|Revenue Surprise YoY|market_code|
|---|---|---|---|---|---|---|
|AAPL|AAPL.O|Apple|2024 Q1|1.665E9|142.19462747085657|185|
|AAPL|AAPL.O|Apple|2024 Q2|4.8E8|-74.4136460554371|185|
|AAPL|AAPL.O|Apple|2024 Q3|1.417E9|225.74712643678163|185|
|AAPL|AAPL.O|Apple|2024 Q4|3.7E8|-93.04249717939075|185|

|code|Ticker|Name|Date|Net Fund Flow|Percentage Change|market_code|
|---|---|---|---|---|---|---|
|AAPL|AAPL.O|Apple|20240102||-3.5787|185|
|AAPL|AAPL.O|Apple|20240103||-0.7488|185|
|AAPL|AAPL.O|Apple|20240104||-1.27|185|
|AAPL|AAPL.O|Apple|20240105||-0.4013|185|
|AAPL|AAPL.O|Apple|20240108||2.4175|185|
|AAPL|AAPL.O|Apple|20240109||-0.2263|185|
|AAPL|AAPL.O|Apple|20240110||0.5671|185|
|AAPL|AAPL.O|Apple|20240111||-0.3223|185|
|AAPL|AAPL.O|Apple|20240112||0.1778|185|
|AAPL|AAPL.O|Apple|20240116||-1.2317|185|