AAPL

By MacRumors Staff

AAPL Articles

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Apple's Financial Chief Luca Maestri Sells Apple Shares Worth Over $16 Million

Friday August 19, 2022 4:44 pm PDT by
Apple's chief financial officer Luca Maestri sold 96,735 shares of Apple stock valued at around $16.9 million in two transactions completed on Wednesday, according to a filing with the U.S. Securities and Exchange Commission (SEC) released today. The transactions were made pursuant to a predetermined trading plan adopted by Maestri in November 2021 and modified in February 2022, in...
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What to Expect From Apple's Third Quarter Earnings Results on Thursday

Tuesday July 26, 2022 11:11 am PDT by
Apple will be reporting its earnings results for the third quarter of the 2022 fiscal year on Thursday, July 28 at 1:30 p.m. Pacific Time. Apple will then host a conference call shortly afterwards to discuss the results. Keep reading for some key things to know about Apple's third quarter, including analyst expectations for revenue and more. New Products Apple's third quarter ran from...
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Apple to Announce Q3 2022 Earnings on July 28

Tuesday June 28, 2022 2:44 pm PDT by
Apple today announced that it will report its earnings results for the third fiscal quarter (second calendar quarter) of 2022 on Thursday, July 28. The earnings report and subsequent call will provide insight into product performance in the period between March and June. Apple in April introduced the Mac Studio, Studio Display, iPad Air, and iPhone SE 3, and in June, followed it up with the...
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Apple's Stock Down 20% Since Early April Amid Broader Market Losses

Wednesday May 18, 2022 9:41 am PDT by
Apple's stock opened at $146.85 today and continues to trend downwards, with shares currently trading below the $143 mark in today's session. Apple's stock price has declined approximately 20% since closing at $178.44 on April 4. The stock market has experienced broader losses since the start of April, with the S&P 500 down around 13% and the Dow Jones down around 8.5% over that period. Many ...
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Apple Loses Position as World's Most Valuable Company to Oil Giant Aramco

Thursday May 12, 2022 1:31 am PDT by
Apple has lost its position as the world's most valuable company, after a broad sell-off of technology stocks and a rise in the price of oil. Apple stock fell by around 5% on Wednesday to $146.50, down nearly 20% since the start of the year. Apple's market capitalization dropped to $2.37 trillion. Oil giant Saudi Arabian Aramco regained the top spot from Apple, a position it lost to the i...
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Apple Expected to Announce Record-Breaking March Quarter

Thursday April 28, 2022 6:28 am PDT by
Apple is set to report financial results for the second quarter of the 2022 fiscal year later today, and Wall Street is expecting record-breaking figures. On average, analysts forecast that Apple will set a new March quarter record for the company with revenue of $93.9 billion, according to Yahoo Finance. This revenue growth is expected to come from the iPhone, Mac, Services, and Wearables,...
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Apple Now Has More Than 1.8 Billion Active Devices Worldwide

Thursday January 27, 2022 1:12 pm PST by
Apple now has over 1.8 billion active devices worldwide, a new record, Apple CEO Tim Cook said during today's earnings call covering the first fiscal quarter of 2022. Apple's active install base includes iPhone, iPod touch, iPad, Mac, Apple TV, and Apple Watch, and it has grown from 1.5 active billion devices in January 2020 and 1.65 active billion devices in January 2021. Cook did not...
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Supplies of Apple Products to Improve in March Quarter

Thursday January 27, 2022 1:10 pm PST by
Apple faced significant supply constraints across all devices during the first fiscal quarter of 2022, but product supplies are expected to improve in the March quarter, Apple CEO Tim Cook told The Wall Street Journal ahead of today's earnings call. "We saw supply constraints across most of our products," Mr. Cook said in an interview Thursday as the company released its results. "We're...
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Apple Reports All-Time Quarterly Revenue Records for iPhone, Mac, Wearables, and Services

Thursday January 27, 2022 12:50 pm PST by
Apple today reported its earnings results for the fourth quarter of 2021, which corresponds with the first quarter of the 2022 fiscal year. Overall, Apple reported revenue of $123.9 billion, which is an all-time quarterly record for the company. On a category-by-category basis, Apple also set all-time quarterly revenue records for the iPhone, Mac, Wearables, and Services:iPhone: $71.6...
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Apple Expected to Report Best Quarter in Company History

Tuesday January 25, 2022 5:21 am PST by
Apple will report its earnings results for the fourth quarter of 2021 on Thursday, and it could be the best quarter in the company's history. Wall Street analysts on average estimate that Apple will report revenue of $118.3 billion for the quarter, according to Yahoo Finance. This figure would be an all-time quarterly revenue record for Apple, topping the $111.4 billion that it earned in the ...
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Apple's Annual Shareholders Meeting to Take Place Virtually on March 4

Thursday January 6, 2022 12:44 pm PST by
Apple's annual shareholders meeting is set to take place Friday, March 4 at 9:00 a.m. Pacific Time, Apple said today in an SEC filing. Shareholders meetings are normally held in person at Apple Park, but this year's meeting, like last year's, will take place virtually and will be open to a greater number of shareholders because there are no space restrictions. Those who want to attend, vote, ...
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Apple Briefly Becomes World's First $3 Trillion Company

Monday January 3, 2022 9:44 am PST by
Apple briefly became the world's first $3 trillion company today based on market capitalization, which is the total value of all of the company's outstanding shares. The milestone came after Apple's stock price rose over 40% in the last year. The impressive feat, which Apple achieved when its stock price reached the $182.86 mark during intraday trading, came just over 16 months after Apple be...
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Apple 'Working Feverishly' to Improve iPhone 13 Supplies

Thursday October 28, 2021 2:41 pm PDT by
During today's earnings call for the fourth fiscal quarter of 2021, Apple CEO Tim Cook said that Apple is "working feverishly" to boost iPhone 13 supplies. Cook said that Apple feels "very very good" about where demand is at for the ‌iPhone 13‌, in terms of sales compared to the iPhone 12. Supplies are constrained, though, and Apple has not been able to meet demand. Initial supplies of...
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Supply Constraints Cost Apple $6 Billion in Q4 2021

Thursday October 28, 2021 1:51 pm PDT by
Apple's revenue for the fourth fiscal quarter of 2021 came in under expectations, which Apple CEO Tim Cook said was caused by supply constraints on iPhones, iPads, and Macs. In an interview with CNBC, Cook said the supply issues cost Apple around $6 billion."We had a very strong performance despite larger than expected supply constraints, which we estimate to be around $6 billion," Cook told ...
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Apple's Stock Reached New All-Time Highs This Week

Friday July 9, 2021 10:21 am PDT by
Apple's stock closed at an all-time high price of $144.57 on Wednesday and continues to extend its gains this week, reaching a new intraday high above $145 in trading today. Apple shares have risen around 17% since the start of June. The stock market gains come ahead of Apple's third quarter earnings results, which will be reported on July 27. Apple unveiled several new products during the...
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Apple's Search Engine Deal With Google Expected to Drive Services Revenue Growth Through 2022

Tuesday April 6, 2021 7:16 am PDT by
Morgan Stanley analyst Katy Huberty today raised her services-related revenue forecast for Apple through the 2022 fiscal year. In a research note shared with MacRumors, Huberty said stronger licensing revenue is the primary driver of the raised estimates, including an acceleration in the search traffic-related payments Apple receives from Google. The New York Times last year reported that...
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Apple to Report Q2 2021 Earnings Results on April 28

Wednesday March 31, 2021 8:00 am PDT by
Apple has announced that it will report its earnings results for the second quarter of the 2021 fiscal year on Wednesday, April 28. The earnings report should be released at 1:30 p.m. Pacific Time, followed by a conference call at 2:00 p.m. Pacific Time with Apple's CEO Tim Cook and CFO Luca Maestri to discuss the results in more detail. The earnings report will provide an overview of...
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Tim Cook Shares Details on Acquisitions, Future of Mac and More at Shareholders Meeting

Tuesday February 23, 2021 9:44 am PST by
Apple's annual shareholders meeting took place this morning in a virtual format, allowing shareholders to vote on proposals and submit questions to Apple executives. Apple does not typically reveal product info in shareholder meetings, and 2021 was no exception. Much of what was said was a recap of the Q1 earnings results and a reiteration of Apple's policies on privacy, the environment, and...
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Apple's Stock Closed at All-Time High Today Ahead of Earnings Results Next Week

Friday January 22, 2021 1:15 pm PST by
Apple's stock price closed at an all-time high of $139.07 today after reaching a new intraday record of $139.85 moments earlier. The gains come just five days before Apple is set to report its earnings results for the first quarter of the 2021 fiscal year. Many analysts forecast that Apple's quarterly revenue will exceed the $100 billion mark for the first time thanks to strong iPhone 12...
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Apple Forecasted to Report Record-Breaking Quarter Next Week With Revenue Topping $100 Billion

Thursday January 21, 2021 6:59 am PST by
Apple is set to report its earnings results for the first quarter of the 2021 fiscal year on Wednesday, January 27, and many analysts forecast that the company's quarterly revenue will exceed $100 billion for the first time. Apple's currently quarterly revenue record is $91.8 billion, set in the first quarter of the 2020 fiscal year. In an investor note shared with MacRumors, Monness Crespi...