AAPL

2022 - 10 - 27

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Image courtesy of "CNBC"

Apple beats but comes up light on iPhone sales and services (CNBC)

Apple beats but comes up light on iPhone sales and services · Apple reported fiscal fourth-quarter earnings on Thursday that beat Wall Street expectations on ...

$88.90 billion estimated, up 8.1% year-over-year Cook said that it was a difficult comparison because last year, Apple released new iPads in September. That business increased nearly 10% year-over-year to $9.65 billion. $90.15 billion vs. He added that the company's high-end phones, the iPhone 14 Pro, were supply constrained. Apple said it had 900 million total subscriptions, which includes subscriptions to apps through Apple's App Store. There were a few bright spots in Apple's report. Although Apple's iPhone business increased sales by over 9% on an annual basis, it came up short versus analyst expectations. He also said that services would grow year-over-year during the quarter, but would be hurt by the macroeconomic environment. "The foreign exchange headwinds were over 600 basis points for the quarter," Cook told CNBC's Steve Kovach. Cook told CNBC said it was paying less for some memory chips. Total sales in Apple's fiscal 2022 were up 8% to $394.3 billion.

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Image courtesy of "FXStreet"

Apple Stock Earnings Preview: Will AAPL bring the market to its ... (FXStreet)

AAPL stock reports earnings post-market on October 27. · Wall Street expects $1.27 in EPS on $88.77 billion in revenue. · The week has already seen poor ...

The hourly charts show that the price is balanced at a critical juncture. The gold price is under pressure, forced back into a neutral zone on the daily chart. The author makes no representations as to the accuracy, completeness, or suitability of this information. The author will not be held responsible for information that is found at the end of links posted on this page. The BOJ will announce its decision on Friday. The author has not received compensation for writing this article, other than from FXStreet. On the underside is the 20-day moving average at $143.60. It also does not guarantee that this information is of a timely nature. In fact, any color regarding the iPhone 14 might decided the direction of the AAPL stock price. For the full year, analysts expect $392.78 billion in revenue for fiscal 2022 and $411.63 billion for fiscal 2023. The $88.77 billion expected for revenue this quarter is well ahead of the $83.36 billion delivered one year ago, but again that is tempered by this past year's sharp inflation jump. Early in the week pundits were declaring a bear market rally was set to continue.

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Image courtesy of "Nasdaq"

Apple (AAPL) Q4 2022 Earnings: What to Expect (Nasdaq)

What do the iPhone production reports mean for Apple (AAPL) stock in the near term and long term? Can Apple ever return to its glory days of high growth?

Investors on Thursday will look for Apple to improve on each of these metrics. The results helped the company earn an adjusted EPS of $1.20 for the Q3, beating the $1.16 per share analysts were looking for. Investors are hoping for more clarity and conviction on the bullish thesis on Thursday. During the Q3 conference call with analysts, Apple management said that they had not seen any economic pressures on consumer demand for the iPhone. According to The Information, Apple was said to be reevaluating demand for the product, of which two of its iPhone 14 Plus suppliers cut their production by 70% and 90% respectively. Last week the company reportedly cut production of its iPhone 14 Plus model.

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