Earnings

By MacRumors Staff

Earnings Articles

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Apple Now Has 860 Million Paid Subscriptions Across Services

Thursday July 28, 2022 2:33 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...
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Tim Cook Expects Apple's September Quarter Revenue Growth to Accelerate Despite 'Pockets' of Softness

Thursday July 28, 2022 2:12 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...
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Tim Cook Says Apple Will Continue to Hire Employees in a 'Deliberate Way' After Reports of a Slowdown in Hiring

Thursday July 28, 2022 1:50 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...
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Apple Reports 3Q 2022 Results: $19.4B Profit on $83B Revenue

Thursday July 28, 2022 1:32 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...
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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 Expects Supply Constraints to Continue in Q3 2022

Thursday April 28, 2022 2:35 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...
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50% of Customers Purchasing a Mac in Q2 2022 Were New Mac Users

Thursday April 28, 2022 2:26 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...
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Apple Reports All-Time or March Quarter Revenue Records Across All Categories Except iPad

Thursday April 28, 2022 2:03 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...
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Apple Reports 2Q 2022 Results: $25.0B Profit on $97.3B Revenue, Best March Quarter Ever

Thursday April 28, 2022 1:38 pm PDT by
Apple today announced financial results for its second fiscal quarter of 2022, which corresponds to the first calendar quarter of the year. For the quarter, Apple posted revenue of $97.3 billion and net quarterly profit of $25.0 billion, or $1.52 per diluted share, compared to revenue of $89.6 billion and net quarterly profit of $23.6 billion, or $1.40 per diluted share, in the year-ago quarter...
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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 to Announce Q2 2022 Earnings on April 28

Tuesday March 29, 2022 3:13 pm PDT by
Apple today announced that it will report its earnings results for the second fiscal quarter (first calendar quarter) of 2022 on Thursday, April 28. The earnings report and subsequent call will provide us with insight into the period between late December and March, which is typically a slow quarter for Apple following the holiday quarter. Apple in March came out with the 5G iPhone SE, the...
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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 Reports Record 1Q 2022 Results: $34.6B Profit on $123.9B Revenue

Thursday January 27, 2022 12:37 pm PST by
Apple today announced financial results for the first fiscal quarter of 2022, which corresponds to the fourth calendar quarter of 2021. For the quarter, Apple posted revenue of $123.9 billion and net quarterly profit of $34.6 billion, or $2.10 per diluted share, compared to revenue of $111.4 billion and net quarterly profit of $28.8 billion, or $1.68 per diluted share, in the year-ago quarter...
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Apple to Announce Q1 2022 Earnings on January 27

Tuesday January 4, 2022 1:17 pm PST by
Apple today updated its investor relations page to announce that earnings for the first fiscal quarter of 2022 (fourth calendar quarter) will be shared on Thursday, January 27. The first quarter earnings call will give us insight into sales of the iPhone 13 models, AirPods 3, M1 Pro and Max MacBooks, and other devices during the holiday quarter that ended in December. Apple CEO Tim Cook last ...
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Apple CEO Tim Cook: We're Focused on Maintaining Privacy and Security of the App Store

Thursday October 28, 2021 2:54 pm PDT by
Apple CEO Tim Cook was today asked about some of the regulatory issues that Apple is facing with the App Store, and he said that Apple is keeping its focus on privacy and security. Apple is facing potential regulatory changes that would force it to open up the iPhone to other app stores or alternate ways of loading apps on the ‌iPhone‌. The main thing we're focused on in the App Store is...
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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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Apple's Services Achieve All-Time Quarterly Revenue Record

Thursday October 28, 2021 2:02 pm PDT by
Apple today reported services revenue of $18.27 billion in the fourth quarter of its 2021 fiscal year, which is an all-time quarterly revenue record. The company's services revenue was up around 25% from $14.54 billion in the year-ago quarter. Apple's services category includes revenue generated from the App Store, Apple Music, Apple Arcade, Apple Pay, Apple Card, Apple TV+, Apple News+,...