Apple's revenue grew nearly 9% year over year during the quarter ended in March. But shares fell nearly 4% in extended trading after Apple CFO Luca Maestri ...
- iPad revenue: $7.65 billion vs. - Mac revenue: $10.44 billion vs. - Services revenue: $19.82 billion vs. - Other Products revenue: $8.81 billion vs. - Revenue: $97.28 billion vs. - iPhone revenue: $50.57 billion vs. Apple's profitable services business, which includes subscriptions, licensing fees, and extended warranties, continues to grow strongly with over 17% growth. However, Apple's iPad business continues to go sideways, with sales down 2.1% from a year ago, despite updated models with Apple's M1 chip. Cook said Covid-related China lockdowns didn't affect Apple during the quarter, however. It spent $88.3 billion on buybacks in 2021, according to S&P Dow Jones Indices. The earnings beat also suggests that Apple's premium smartphone business may be insulated from concerns about deteriorating consumer confidence. The tech giant also warned that demand in China was being sapped by Covid-related lockdowns.
Apple (AAPL) shares surged after the world's most valuable company posted second-quarter results that beat expectations.
Apple stock rose in after-hours trading following a rosy second-quarter earnings report despite logistical challenges. The iPhone maker boosted its dividend ...
Apple’s policy of not offering guidance during the Covid-19 pandemic continues, which will leave investors on the watch for forecasts from analysts and big banks over the coming days and weeks. The company boosted its share buyback program by $90 billion and increased its dividend by 5% from $0.22/share to $0.23/share. That looks like it will keep investors happy for now. The iPhone maker saw $97.28 billion in revenue for Q2, beating the $93.98 billion Bloomberg consensus forecast. China’s commitment to its “Zero-Covid” policy will likely continue to weigh on Apple’s supply chain. Apple Inc. reported a rosy batch of figures in its second-quarter earnings report following a rebound in technology stocks, with the Nasdaq-100 Index (NDX) posting a 3.48% gain at the closing bell. Investors will be laser-focused on commentary around those logistical challenges, along with inflation woes, during this evening’s earnings call.
It is time for Apple to report fiscal Q2. The Apple Maven will cover the company's earnings day live, starting immediately after the closing bell.
1:05 p.m. PST: Back to the market. 1:03 p.m. PST: By the way, Amazon's earnings are in... 1:24 p.m. PST: Back to earnings preview, I think that the iPhone and the Mac will shine. 1:14 p.m. PST: Another look at Wall Street's expectations for Apple... revenue growth of 5% and EPS growth of 2% is the benchmark. 2:37 p.m. PST: More question on the $4 billion to $8 billion revenue drag. 1:22 p.m. PST: In after-hours, the Nasdaq 100 is giving up about one-third of its regular session gains. 2:15 p.m. PST: iPhone revenue up 5%, iPhone 13 and SE to credit. 1:35 p.m. PST: iPhone revenue of $50.6 billion vs. 2:52 p.m. PST: Question on revenue guidance, the $4 billion to $8 billion drag... 2:35 p.m. PST: Question on component inflation and impact on Apple's pricing power. 2:56 p.m. PST: Question on services and the consumer vs. 2:41 p.m. PST: Follow up on timing of supply equilibrium.
AAPL earnings for Q2 2022 will be announced by the company later today, and analysts are expecting the news to be good (except for iPad) ...
Apple itself once more refrained from offering any guidance for the quarter, again citing concerns over supply-side disruptions. The most optimistic of the institutions is JP Morgan, at $96.43B. That would represent growth of a little under 7%.
Is now a good time to buy? That answer will be more clear when the company reports second quarter fiscal 2022 earnings results after the closing bell ...
Supply chain shortages impacted iPad sales, which fell 14%. Investors on Thursday will focus on the company’s guidance for clues suggesting improvements in supply chains as well as Apple’s new devices, namely rumored AR glasses related to the metaverse. The Services segment posted revenue of $19.5 billion, up from $15.7 billion in the year-ago period. In the three months that ended March, Wall Street expect the Cupertino, Calif.-based tech giant to earn $1.43 per share on revenue of $94.02 billion. The beat was driven by the strength in the iPhone, which generated $71.6 billion in during the quarter. The downbeat projected fiscal year-over-year growth for EPS and revenue, and the lack of explosive growth, is one reason Apple stock has struggled. In a research note to investors last week, analyst Brian White of Moness Crespi said, "troubling inflationary forces and the economic impact from the conflict in Ukraine" will result in consumers being more selective in their purchases.
Market participants speculate that Apple is working on mixed reality (MR) headset which is supposed to be announced sometime next year.
Despite the YTD decline, the shares have fared solidly, whether the performance improves will have to be tracked once earnings come out later today, April 28. As market participants have turned their backs on tech the analyst is of the opinion that tech companies need to show good news and strong earnings to make it through this challenging period. Shares rose slightly more than 3% in the after-hours session.
Apple's (AAPL) fiscal Q2 earnings and revenue surpassed analyst expectations. The company's services revenue matched estimates.
That means that each dollar of added service sales disproportionately boosts Apple's profits compared to hardware sales. These choices will be signaled globally to our partners and will not affect browsing data. Note that Apple's 2021 fiscal year (FY) ended in late September 2021. Investopedia does not include all offers available in the marketplace. To change or withdraw your consent choices for Investopedia.com, including your right to object where legitimate interest is used, click below. Investopedia and our third-party partners use cookies and process personal data like unique identifiers based on your consent to store and/or access information on a device, display personalized ads and for content measurement, audience insight, and product development. The company's shares were up more than 2% in after-hours trading. Profit margins on services sales are dramatically larger than on Apple's hardware profits. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Matthew Johnston has more than 5 years writing content for Investopedia. He is an expert on company news, market news, political news, trading news, investing, and the economy. Apple Inc. (AAPL) reported Q2 FY 2022 earnings that exceeded analysts' expectations. Revenue also beat analyst forecasts, rising 8.6% year over year (YOY) to a record high for the March quarter.1 Apple's services revenue matched analysts' estimates.23
Apple's fiscal Q2 was strong, with the iPhone and Mac doing quite well. Greater China proved to be less of a drag to revenues than I expected.
Shares were initially up 2.2% in the after-hours trading session, though they slipped into negative territory as the company began its earnings call, and the ...
- Print Article - Order Reprints Apple Posted Another Great Quarter. The Next One Might Not Be As Good.
Apple, Amazon, Exxon Mobil and Antero Resources were our top stock trades for Friday. Let's look at how the charts are setting up now.
The stock faces a key area at $167.50, where it finds the 50% retracement, as well as the 21-day and 50-day moving averages. On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in the securities mentioned in this article. There it finds the 61.8% retracement and the 50-week moving average. That to me is the risk area. That’s as it held the key $2,700 level. It’s a huge day for tech, not just because of how well the group rallied on Thursday, but because of the key earnings reports that are due up after the close.
AAPL earnings call for the period ending March 31, 2022. Logo of jester cap with thought bubble. Image source: The Motley Fool. Apple (AAPL 4.52%)
The top six models in the United States are iPhones, the top four in Japan, the top five in Australia, five of the top six in urban China and so on and so forth. And on the other hand, there are just a lot of assets that arguably have a lot of synergies with Apple in the healthcare space or the fitness area like Teladoc or Peloton or Netflix in the content area. And so, right now, the focus is on moving the freight to customers any way that we can do that. Well, as we said, we're not guiding to a specific revenue number and -- but just to repeat what I said during the prepared remarks, we're having supply constraints that are caused by the COVID-related disruptions and by the silicon shortages, and that is what is creating the constraints. And as you know and as you can tell from our website, most of the iPad and Mac models are constrained today. I mentioned in my prepared remarks that the growth rate for the June quarter, we expect it to be less than the 17% that we've reported in March for some of the reasons that I described. But in general, when we look across the board, we set all-time records and quarterly records for each one of our categories. We grew 5% in spite of the fact that, of course, as you know, during the month of March, we paused our sales in Russia. So we had an impact to our sales results there for a month of the quarter. And I guess one of the things you said is that the $4 billion to $8 billion range reflects some reopening of facilities during the quarter. And though the twists and turns of the future may be uncertain, what is certain is that we will never stop striving to be a force for good in the world in everything we do and everything we are. And so, the range, the $4 billion to $8 billion range, reflects various ramps of getting back up and running. In fact, we had a March quarter record for upgraders, while at the same time, nearly half of the customers purchasing a Mac were new to the product.
Apple Inc. (NASDAQ:NASDAQ:AAPL) Q2 2022 Earnings Conference Call April 28, 2022 05:00 PM ET Company Participants Tejas Gala - Director of Investor Relations ...
Apple Inc. predicted that supply constraints would cost $4 billion to $8 billion in revenue during the current quarter, a warning that sent the shares ...
Apple has reported record second-quarter earnings but faces significant trading headwinds. Here's what you need to know about buying and selling Apple ...
Type in Apple’s ticker symbol (AAPL) and the number of shares you want to buy or the amount of money you’re prepared to invest. Many brokerages also allow you to add a ‘stop loss’ once you have bought the shares, which allows you to limit your losses if the share price falls. However, drip-feeding your investment may sacrifice capital growth if the share price is rising and you will also pay more in share-trading fees. At some point, you will want to sell your holdings. Rather than waiting to build up a lump sum, it means an investor’s money can be put to use in the market straightaway. iPhone revenue grew by a more modest 5% year-on-year, partly due to the earlier launch of the new iPhones in 2021 and supply constraints. Your investment objectives will determine what type of shares you invest in, whether high-growth technology shares or more defensive companies with a reliable dividend stream. Overall, Apple shares have fallen 13% since their high of $182.94 (£145.19) at the end of 2021. However, there was less positive news for iPad sales, which fell by 2%, although Apple expects the upgraded iPad Air to drive revenue in the current quarter. Apple generated over $28 (£22) billion in operating cash flow and announced a 5% increase in its dividend. Apple also faces an increasingly challenging macroeconomic environment which could take its toll on the demand for high-end smartphones and computers. Apple’s services division, comprising subscriptions, licensing fees and warranties, delivered revenue growth of 17%, driven by all-time sales records for the App Store, music and cloud services.
Analysts and investors of course wanted to hear yesterday's Q2 earnings, but they were even more eager to get any clues to how AAPL Q3 2022…
Finally, CEO Tim Cook said that the company was also monitoring sales very closely, to see what impact inflation would have on demand. Additionally, we paused all sales in Russia during the March quarter. Apple yesterday reported Q2 revenue of $97.3B. That’s not only a new Q2 record, but higher than even the most bullish of analysts had expected.
Three analysts believe that Apple is still benefiting from strong demand and continue to be bullish on the outlook of AAPL stock.
The analyst kept an “outperform” rating and a $200 price target on Apple. Calling Apple’s fiscal second-quarter earnings report “very impressive,” Wedbush analyst Dan Ives wrote that the demand for the company’s products remains strong. Many investors are closely watching Apple (NASDAQ: AAPL) stock today after the company warned yesterday that it is encountering a number of hurdles, including supply chain issues.