AAPL

Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations for sales and profit but showed slowing growth for the iPhone maker.

Cook said that the iPad decline was also driven by supply constraints and a strong dollar. Cook said the ultimate hit came in under $4 billion. It includes monthly subscriptions, payment fees, warranties, search licensing fees from Google, and revenue from the iPhone App Store. Apple typically releases new iPhones in September and sales fall as customers anticipate new models. Apple's soft growth may suggest that the consumer electronics industry — including leaders like Apple — is headed for a period of slow or no growth. Apple did not provide formal guidance for the quarter. Cook said the results were better than expected and CFO Luca Maestri said it was a "challenging operating environment." "We do see inflation in our cost structure," Cook said. - Mac revenue: $7.38 billion vs. - Services revenue: $19.60 billion vs. - Revenue: $83 billion vs. - iPhone revenue: $40.67 billion vs.

Apple reported better than expected sales and profits in its latest quarter. The beat was driven by strong iPhone sales.

Apple, Inc. (NASDAQ:NASDAQ:AAPL) Q3 2022 Earnings Conference Call July 28, 2022, 17:00 ET Company Participants Tejas Gala - IR Contact Timothy Cook - CEO ...

What matters to us, I think it goes back to Tim was saying earlier, is we want to make sure that people love our products and services, and we want all of them to be equally successful in the marketplace. And we did see a rebound in those same cities toward the end of the quarter in the June time frame. And in particular, in the run-up to June 18, which as you know, is a major shopping holiday in China. We think that the net of that was still a negative, but some of it did rebound by June time frame. That's a big number right there that is going to affect us, that we are having some impact from the situation in Russia and that is obviously different from normal seasonality as well. To give you a little more color on what we saw in the June quarter, we came in slightly below, from a constraint point of view, the $4 billion number that we had put, at the 4 to 8 are the low end of that range. And that's utilizing iPhone and iPad. And of course, we are in the business of innovation so we're always exploring new and emerging technologies. I just wanted to circle back on sort of the macro and sort of the demand signals that you're seeing versus sort of the supply chains that you're facing. As we move from the June to the September quarter, maybe can you dig a level deeper and kind of help us understand some of the moving pieces in the Services business? But I think the way to think about it, certainly the way we think about it is that there's a number of levers in our Services business to take into account. And then as you mentioned, the breadth and the quality of the services that we offer tends to grow over time. And if you look at the June quarter, we do believe that we saw macroeconomic headwinds that impacted our business and our results. And finally, we continue to improve the breadth and the quality of our current Services offerings, from a constant flow of new content on Apple TV+ and Apple Arcade to great new features we recently announced for iCloud and Apple Music, which we believe our customers will love.

Apple (AAPL) is set to release its Q3 2022 earnings results and host a conference call discussing said earnings today, which you can listen to here on ...

Make sure you tune in to hear Apple’s Q3 2022 earnings call. It was just last month in June that consumers got a chance to see what new services and devices Apple has been working on. This conference call will be happening today and you can tune in via the Shacknews Twitch channel.

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Despite supply chain shortages, Apple produced iPhone revenue of $50.57 billion, rising from $47.9 billion in the year-ago quarter, driven by strong demand for the iPhone 13 lineup. The results help the company earn an adjusted EPS of $1.52 for the Q2, while revenue came in at $97.28 billion, beating the $1.43 per share on $94 billion in revenue analysts were looking for. The revenue slowdown is one major overhang for Apple, particularly in the hardware segment (iPhones, Mac, iPad and Wearables) which in Q2 rose at a rate of 6.6% year over year, marking a meaningful growth deceleration from the 61% surge in the year-earlier quarter. In the three months that ended June, Wall Street expect the Cupertino, Calif.-based tech giant to earn $1.16 per share on revenue of $82.83 billion. While Apple stock has rebounded strongly over the past month, rising almost 15%, the shares are still down almost 13% year to date. Estimates for the next five years has Apple growing in only single digits.

Apple is on track to deliver ~$100 billion of net income in 2022, a new company record. Click here to know more why we are very bullish on AAPL stock.

Each quarter AAPL returns billions in the form of a dividend, and with paying out only 14.29% of its earnings through its dividend, there is more than enough room for AAPL to continue its increases. I believe AAPL is always a buy, and with Tim Cook buying back hundreds of millions in stock each day, he is continuously increasing your equity in the company. For the first 9 months of its 2022 fiscal year, AAPL has generated $304.18 billion in revenue, $132.69 billion of gross profit, and $79.08 billion of net income. In 2022 AAPL has already returned $82 billion back to shareholders through buybacks and dividends. Q3 2022 was a slim YoY increase in revenue of $1.53 billion (1.87%), but the highlight should be Services. AAPL is diversifying its revenue from hardware as Services are delivering a larger amount of reoccurring revenue on its top line. AAPL has currently generated 83.15% of 2021's total revenue, 86.82% of its gross profit, and 83.53% of its net income in the first 9 months of 2022. There has never been a company as shareholder-friendly as AAPL. Since 2012, AAPL has returned $686 billion back to shareholders through buybacks and dividends. In the fiscal year, 2021, Services generated $68.43 billion of revenue. In 2021 AAPL generated $365.82 billion in revenue, $152.84 billion in gross profit, and $79.08 billion in net income. I think that this is too low for the largest profit center in America and that if any company deserves a premium, it's AAPL. I truly believe there is never a bad time to buy AAPL and to just buy shares on a continuous basis. The fiscal year 2021 was a record-setting year for AAPL across the board, and in 2022 AAPL has surpassed where it was in 2021 by $21.73 billion of revenue, $15.03 billion of gross profit, and $4.95 billion of net income.

Apple's (AAPL) third-quarter fiscal 2022 results reflect steady demand for iPhone 13 and continued momentum in Services segments.

The figure beat the consensus mark by 2.52% and our estimate of $6.65 billion. The figure beat the consensus mark by 9.68% and our estimate of $5.70 billion. Mac sales of $7.38 billion decreased 10.4% from the year-ago quarter and accounted for 8.9% of total sales. Wearables, Home and Accessories sales decreased 7.9% year over year to $8.08 billion and accounted for 9.7% of total sales. Greater China sales decreased 1.1% from the year-ago quarter to $14.60 billion, accounting for 17.6% of total sales. Americas sales increased 4.5% year over year to $37.47 billion and accounted for 45.2% of total sales. Japan’s sales decreased 15.7% year over year, accounting for 6.6% of total sales. The region accounted for 23.2% of total sales. iPhone sales increased 2.8% from the year-ago quarter to $40.67 billion and accounted for 49% of total sales. Services revenues grew 12.1% from the year-ago quarter to $19.60 billion and accounted for 23.6% of sales. Rest of the Asia Pacific generated sales of $6.15 billion, up 14% year over year. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.

Apple's (AAPL) third-quarter fiscal 2022 results reflect steady demand for iPhone 13 and continued momentum in Services segments.

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Apple reported its earnings on July 28, posting a record revenue of $83 billion for the third quarter -- led by iPhone revenue of $40.67 billion -- which ...

“Looking ahead, we believe the key to Apple’s success over the next 6-12 months will be the company’s ability to capitalize on the iPhone upgrade cycle while staying on track for the fall of 2022. “The Street was waiting for any signs of demand issues from Apple and instead got the opposite. “Our June quarter results continued to demonstrate our ability to manage our business effectively despite the challenging operating environment.