Earnings

By MacRumors Staff

Earnings Articles

Apple Logo Cash Feature Mint

What We Learned About Apple During Today's First Quarter Earnings Call

Thursday February 2, 2023 3:23 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,...
apple beta lineup 2022

Apple Now Has More Than Two Billion Active Devices Worldwide

Thursday February 2, 2023 1:39 pm PST by
There are more than two billion active iPhones, iPads, Macs, and other Apple devices worldwide, Apple said today in the earnings report covering the first fiscal quarter of 2023. During the December quarter, we achieved a major milestone and are excited to report that we now have more than 2 billion active devices as part of our growing installed base," said Apple CEO Tim Cook. Two billion...
aapl 1q23 line

Apple Reports 1Q 2023 Results: $30.0B Profit on $117.2B Revenue Amid 'Challenging Environment'

Thursday February 2, 2023 1:37 pm PST by
Apple today announced financial results for the first fiscal quarter of 2023, which corresponds to the fourth calendar quarter of 2022. For the quarter, Apple posted revenue of $117.2 billion and net quarterly profit of $30.0 billion, or $1.88 per diluted share, compared to revenue of $123.9 billion and net quarterly profit of $34.6 billion, or $2.10 per diluted share, in the year-ago quarter...
10th Gen iPad Feature Fanned Blue

What to Expect From Apple's Earnings — First Revenue Decline Since 2019?

Wednesday February 1, 2023 7:55 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...
Apple Logo Cash Feature Yellow

Apple to Announce Q1 2023 Earnings on February 2

Wednesday January 4, 2023 2:15 pm PST by
Apple today updated its investor relations page to announce that earnings for the first fiscal quarter of 2023 (fourth calendar quarter) will be shared on Thursday, February 2. The first quarter earnings call will provide some insight into holiday sales of the iPhone 14 models, the Apple Watch Series 8 and Ultra, new iPad models, and the AirPods Pro 2. iPhone sales were constrained during...
14 inch macbook pro blue

Mac Revenue to 'Decline Substantially' Year Over Year in December Quarter

Thursday October 27, 2022 4:01 pm PDT by
Mac revenue is set to take a significant hit in the first fiscal quarter of 2023, Apple CFO Luca Maestri said during today's earnings call. Maestri was providing guidance on December quarter earnings, and he said that Mac sales will be down year over year next quarter because of the strong December 2021 Mac lineup. Apple in October 2021 introduced the M1 Pro and M1 Max 14 and 16-inch MacBook ...
iphone 14 pro pink

Apple CEO Tim Cook: We're Working Hard to Meet Demand for iPhone 14 Pro and Pro Max

Thursday October 27, 2022 3:40 pm PDT by
During today's earnings call covering the fourth fiscal quarter of 2022, Apple CEO Tim Cook said that Apple has been constrained on the iPhone 14 Pro and Pro Max "from the beginning," which has had an impact on sales. Cook went on to say that Apple is "working very hard to fulfill demand" and that customer demand was "strong" and ultimately better than Apple anticipated. He expects that...
appleservices

Apple's Services Earned $78B in Fiscal 2022, Up $10B Year Over Year

Thursday October 27, 2022 2:48 pm PDT by
Apple's services category, which encompasses the App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, Apple Fitness+, iCloud+, and more, earned a total of $78 billion in revenue in fiscal 2022, according to today's earnings results for the fourth fiscal quarter of the year. The services category earned $19 billion during the quarter, up almost a billion from the $18 billion ...
4q22 line

Apple Reports 4Q 2022 Results: $20.7B Profit on $90.1B Revenue

Thursday October 27, 2022 2:35 pm PDT by
Apple today announced financial results for the fourth fiscal quarter of 2022, which corresponds to the third calendar quarter of the year. For the quarter, Apple posted revenue of $90.1 billion and net quarterly profit of $20.7 billion, or $1.29 per diluted share, compared to revenue of $83.4 billion and net quarterly profit of $20.6 billion, or $1.24 per diluted share, in the year-ago...
iphone 14 pro max deep purple

What to Expect From Apple's Earnings Results Today Following iPhone 14 Launch

Thursday October 27, 2022 8:59 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...
Apple Logo Cash Feature Blue

Apple to Announce Q4 2022 Earnings on October 27

Wednesday September 28, 2022 3:16 pm PDT by
Apple today updated its investor relations page to announce that it will share earnings results for the fourth fiscal quarter (third calendar quarter) of 2022 on Thursday, October 27. The fourth quarter earnings call will provide insight into sales of the new iPhone 14, iPhone 14 Pro, and ‌iPhone 14 Pro‌ Max models, as well as the new Apple Watches. Apple's iPhones went on sale a week...
Apple One Apps Feature 2

Apple Now Has 860 Million Paid Subscriptions Across Services

Thursday July 28, 2022 3:33 pm PDT by
Apple now has over 860 million paid subscriptions across all of its services, including Apple Music, Apple TV+, Apple News, iCloud, and more, the company's chief financial officer Luca Maestri said today. Speaking during Apple's third-quarter earnings call, Maestri said Apple has over 860 million subscriptions, which is an increase of 160 million over just the last 12 months. Apple does not...
Tim Cook M2 MacBook Air

Tim Cook Expects Apple's September Quarter Revenue Growth to Accelerate Despite 'Pockets' of Softness

Thursday July 28, 2022 3:12 pm PDT by
Apple today reported its earnings results for the third quarter of the 2022 fiscal year, including revenue of $83 billion and net quarterly profit of $19.4 billion. As usual since the start of the COVID-19 pandemic, Apple did not provide formal revenue guidance for the ongoing quarter, but Apple CEO Tim Cook did help to set expectations. Cook told CNBC's Steve Kovach that he expects...
apple park night 2

Tim Cook Says Apple Will Continue to Hire Employees in a 'Deliberate Way' After Reports of a Slowdown in Hiring

Thursday July 28, 2022 2:50 pm PDT by
Apple CEO Tim Cook has said Apple will continue to hire employees but in a very "deliberate way," following reports that the company had plans to slow down its pace of hiring amid fears of an economic recession. “We are making deliberate decisions about where to invest our money, but we're continuing to hire, but we're just doing it in a very deliberate way," Cook said in an interview with Th...
aapl 3q22 line

Apple Reports 3Q 2022 Results: $19.4B Profit on $83B Revenue

Thursday July 28, 2022 2:32 pm PDT by
Apple today announced financial results for its third fiscal quarter of 2022, which corresponds to the second calendar quarter of the year. For the quarter, Apple posted revenue of $83 billion and net quarterly profit of $19.4 billion, or $1.20 per diluted share, compared to revenue of $81.4 billion and net quarterly profit of $21.7 billion, or $1.30 per diluted share, in the year-ago quarter...
Apple Logo Cash Feature Blue

What to Expect From Apple's Third Quarter Earnings Results on Thursday

Tuesday July 26, 2022 12:11 pm 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...
Apple Logo Cash Feature Yellow

Apple to Announce Q3 2022 Earnings on July 28

Tuesday June 28, 2022 3:44 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...
iphone 13 pro max display bleen

Apple Expects Supply Constraints to Continue in Q3 2022

Thursday April 28, 2022 3:35 pm PDT by
Apple is expecting ongoing supply issues to continue to impact product sales in the third quarter of 2022. In the second quarter, Apple had some difficulty meeting demand for the iPhone, iPad, and Mac due to supply constraints, and that is going to get worse in Q3 2022. Apple CFO Luca Maestri said that Covid disruptions in China and silicon shortages are making it difficult to make enough...
mac studio thumbnail

50% of Customers Purchasing a Mac in Q2 2022 Were New Mac Users

Thursday April 28, 2022 3:26 pm PDT by
Since the launch of the first Apple silicon Macs in November 2020, Apple has continued to see strong growth in Mac sales. Apple's Mac revenue hit $10.4 billion in Q2 2022, up from $9.1 billion in the year-ago quarter. During today's earnings call covering the second fiscal quarter of 2022, Apple CFO Luca Maestri said that the company has been growing its install base. There was a March...
apple lineup except the ipad is sad

Apple Reports All-Time or March Quarter Revenue Records Across All Categories Except iPad

Thursday April 28, 2022 3:03 pm PDT by
Apple today announced its earnings results for the second quarter of its 2022 fiscal year, including revenue of $97.3 billion, a new March quarter record. Apple saw growth across its iPhone, Mac, Wearables, and Services product categories, but iPad revenue experienced around a 2% decline compared to the year-ago quarter. "We are very pleased with our record business results for the March...