AAPL

By MacRumors Staff

AAPL Articles

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Tim Cook Says Apple Still Not Considering 'Mass Layoffs'

Thursday May 4, 2023 1:50 pm PDT by
Apple CEO Tim Cook today said he still views mass layoffs as a "last resort," and ensured this is not something the company is considering right now. "I view that as a last resort and, so, mass layoffs is not something that we're talking about at this moment," said Cook, in an interview with CNBC. Major tech companies like Google and Facebook parent Meta have laid off tens of thousands of ...
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What to Expect From Apple's Earnings Results Following New Macs and HomePod

Friday April 28, 2023 8:33 am PDT by
Apple will report its earnings results for the second quarter of its 2023 fiscal year on Thursday, May 4 at 1:30 p.m. Pacific Time. Apple's CEO Tim Cook and CFO Luca Maestri will discuss the results on a conference call for investors a half hour later. Keep reading for some key things to know about the quarter, including a recap of new products announced, revenue expectations, and more. Ne...
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Apple to Announce Q2 2023 Earnings Results on May 4

Tuesday April 4, 2023 3:26 pm PDT by
Apple today announced plans to report its earnings results for the second fiscal quarter (first calendar quarter) of 2023 on Thursday, May 4. The earnings report and investor call afterward will provide insight into the period between late December and March, which is often a slow quarter for Apple following the holiday quarter. Apple in January introduced new M2 Pro and ‌M2‌ Max MacBook Pro ...
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What We Learned About Apple During Today's First Quarter Earnings Call

Thursday February 2, 2023 2:23 pm PST by
Apple today held its first earnings call of 2023, which covers the fourth calendar quarter of 2022. During the call, Apple CEO Tim Cook and Apple CFO Luca Maestri shared several interesting tidbits about recent product sales, services results, and more, and we've highlighted the most interesting parts of the call below. AI On the topic of artificial intelligence, particularly in services,...
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What to Expect From Apple's Earnings — First Revenue Decline Since 2019?

Wednesday February 1, 2023 6:55 am PST by
Apple is set to report its earnings results for the first quarter of its 2023 fiscal year tomorrow at 1:30 p.m. Pacific Time. Apple CEO Tim Cook and Apple CFO Luca Maestri will discuss the results on a conference call for investors a half hour later. Keep reading for some key things to know about the quarter, including a recap of products announced, revenue expectations, and more. New...
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Apple CEO Tim Cook Taking Substantial Pay Cut in 2023 After Earning Nearly $100 Million Last Year

Thursday January 12, 2023 1:17 pm PST by
Apple CEO Tim Cook's total compensation was $99.4 million in 2022, according to the company's proxy statement released today. His compensation included a $3 million salary, roughly $83 million in stock awards, and $13.4 million in other forms of compensation. Cook's total compensation in 2021 was $98.7 million. Cook will be taking a substantial pay cut in 2023, as noted by Bloomberg's Mark...
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Apple's Annual Shareholders Meeting to Take Place Virtually on March 10

Thursday January 12, 2023 12:43 pm PST by
Apple's annual shareholders meeting is set to take place Friday, March 10 at 9:00 a.m. Pacific Time, according to an SEC filing released today. Those who want to attend, vote, and submit questions during the annual meeting can visit the virtual meeting website and enter a control number included in the Notice of Internet Availability of Proxy Materials provided to shareholders. Apple states...
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Apple's Market Valuation Drops Below $2 Trillion as Stock Price Continues to Fall

Tuesday January 3, 2023 9:18 am PST by
Apple shares are down around 4% today, resulting in the company's valuation falling below $2 trillion for the first time since 2021. Apple's stock is at its lowest price since June 2021 as concerns mount about iPhone supply constraints in China and weakening demand for its products due to persistently high inflation and a looming recession. While the stock market has experienced a broader...
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Apple's Stock Hit 18-Month Low This Week Amid iPhone 14 Pro Supply Issues

Friday December 30, 2022 7:26 am PST by
Apple's shares fell to an 18-month low this week amid iPhone supply issues and a broader downturn in the stock market. Apple's stock closed at $126.04 on Wednesday to reach its lowest mark since June 2021, and still remains within that territory. Apple's manufacturing partner Foxconn has faced iPhone production constraints due to COVID-19-related issues over the past few months. Last month,...
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What to Expect From Apple's Earnings Results Today Following iPhone 14 Launch

Thursday October 27, 2022 7:59 am PDT by
Apple is set to report its earnings results for the fourth quarter of its 2022 fiscal year today at 1:30 p.m. Pacific Time. Apple CEO Tim Cook and Apple CFO Luca Maestri will discuss the results on a conference call for investors at 2:00 p.m. Pacific Time. Keep reading for some key things to know about Apple's fourth quarter, including analyst expectations for revenue and more. New...
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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 ...