Earnings

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 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...

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 ...

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...

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 ...

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...

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 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 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...

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 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...

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 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 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...

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...

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 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...

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...

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,...

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...