Apple earnings

2022 - 4 - 29

Apple shares dip after company warns of a possible $8 billion hit ... (CNBC)

Apple's revenue grew nearly 9% year over year during the quarter ended in March. But shares fell nearly 4% in extended trading after Apple CFO Luca Maestri ...

- iPad revenue: $7.65 billion vs. - Mac revenue: $10.44 billion vs. - Services revenue: $19.82 billion vs. - Other Products revenue: $8.81 billion vs. - Revenue: $97.28 billion vs. - iPhone revenue: $50.57 billion vs. Apple's profitable services business, which includes subscriptions, licensing fees, and extended warranties, continues to grow strongly with over 17% growth. However, Apple's iPad business continues to go sideways, with sales down 2.1% from a year ago, despite updated models with Apple's M1 chip. Cook said Covid-related China lockdowns didn't affect Apple during the quarter, however. It spent $88.3 billion on buybacks in 2021, according to S&P Dow Jones Indices. The earnings beat also suggests that Apple's premium smartphone business may be insulated from concerns about deteriorating consumer confidence. The tech giant also warned that demand in China was being sapped by Covid-related lockdowns.

Apple Q2 FY2022 Earnings Report Recap (Investopedia)

Apple's (AAPL) fiscal Q2 earnings and revenue surpassed analyst expectations. The company's services revenue matched estimates.

That means that each dollar of added service sales disproportionately boosts Apple's profits compared to hardware sales. These choices will be signaled globally to our partners and will not affect browsing data. Note that Apple's 2021 fiscal year (FY) ended in late September 2021. Investopedia does not include all offers available in the marketplace. To change or withdraw your consent choices for Investopedia.com, including your right to object where legitimate interest is used, click below. Investopedia and our third-party partners use cookies and process personal data like unique identifiers based on your consent to store and/or access information on a device, display personalized ads and for content measurement, audience insight, and product development. The company's shares were up more than 2% in after-hours trading. Profit margins on services sales are dramatically larger than on Apple's hardware profits. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Matthew Johnston has more than 5 years writing content for Investopedia. He is an expert on company news, market news, political news, trading news, investing, and the economy. Apple Inc. (AAPL) reported Q2 FY 2022 earnings that exceeded analysts' expectations. Revenue also beat analyst forecasts, rising 8.6% year over year (YOY) to a record high for the March quarter.1 Apple's services revenue matched analysts' estimates.23

Apple beats estimates with record Q2 earnings: $97.3 billion revenue (9to5Mac)

Head below for full coverage of AAPL's fiscal Q2 2022 earnings release. AAPL Q2 2022 earnings details. Coming off an incredibly strong, record-breaking holiday ...

You can read Apple’s full earnings release in this post on Apple Newsroom. Stay tuned to 9to5Mac for more coverage from the AAPL earnings call with Tim Cook and Luca Maestri next. We are committed, as ever, to being a force for good in the world — both in what we create and what we leave behind. Apple no longer reports unit sales for any of its products but instead reports a breakdown of revenue by product category. For the quarter, Apple reported revenue of $97.3 billion, an increase of 9% year over year. - iPhone: $50.57 billion (Up 5.5% YOY) Coming off an incredibly strong, record-breaking holiday quarter in Q1 2022, analysts again had high expectations for Q2 2022.

Apple Reports Second Quarter Results (Apple Newsroom)

Apple today announced financial results for its fiscal 2022 second quarter ended March 26, 2022.

These forward-looking statements include without limitation those about the Company’s plans for return of capital, the payment of its quarterly dividend, and its investment plans and environmental initiatives. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates. These statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by the forward-looking statements.

Apple Posted Another Great Quarter. The Next One Might Not Be As ... (Barron's)

Shares were initially up 2.2% in the after-hours trading session, though they slipped into negative territory as the company began its earnings call, and the ...

- Print Article - Order Reprints Apple Posted Another Great Quarter. The Next One Might Not Be As Good.

Apple Q2 earnings: iPhone maker warns of serious supply ... (CNN)

Apple topped Wall Street's estimates in its latest quarter and reported one of the strongest three-month periods in its history on Thursday thanks to record ...

The interest around these products will be reflected in its third quarter later this summer. The company is also keeping an eye on how inflation will affects customer spending in the months ahead. Revenue from its services business climbed 17% from a year earlier to nearly $20 billion in the quarter.

Apple Services Rake in $19.8B in Revenue as Total Earnings ... (Hollywood Reporter)

Apple reported its Q2 earnings for the fiscal year 2022 on April 28, 2022.

In an earnings call with analysts, Maestri said he expected COVID-related supply chain delays to impact Apple’s ability to meet demand and result in $4 billion to $8 billion in losses. Apple is not offering revenue guidance for the current quarter. The tech giant reported $97.3 billion in total revenue, surpassing Wall Street estimates, while net income hit $25 billion.

Apple Reports All-Time or March Quarter Revenue Records Across ... (Mac Rumors)

Apple today announced its earnings results for the second quarter of its 2022 fiscal year, including revenue of $97.3 billion, a new March...

Wearables, Home, and Accessories includes the Apple Watch, Apple TV, HomePod mini, iPod touch, AirPods, Beats headphones, accessories like iPhone cases and Apple Watch bands, and more. - iPhone: $50.5 billion, up from $47.9 billion in the year-ago quarter 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.

Apple Earnings Are a Big Step Back for Transparency (Bloomberg)

Providing information to stakeholders is an important mission for any company, and the iPhone maker is leaving out key metrics.

The iPhone maker initially blamed the Covid-19 pandemic, and later added chip shortages, for its inability to forecast the future. Yet the move is part of a worrying trend toward decreasing transparency at the world’s largest company. On January 28, 2020, just as lockdown measures were shutting parts of China and a new virus was arriving on U.S. shores, Apple gave a wider than usual March-quarter guidance range because of uncertainty about both consumer demand and supply chain impact.

Apple (AAPL) Q2 2022 Earnings Call Transcript (Motley Fool)

AAPL earnings call for the period ending March 31, 2022. Logo of jester cap with thought bubble. Image source: The Motley Fool. Apple (AAPL 4.52%)

The top six models in the United States are iPhones, the top four in Japan, the top five in Australia, five of the top six in urban China and so on and so forth. And on the other hand, there are just a lot of assets that arguably have a lot of synergies with Apple in the healthcare space or the fitness area like Teladoc or Peloton or Netflix in the content area. And so, right now, the focus is on moving the freight to customers any way that we can do that. Well, as we said, we're not guiding to a specific revenue number and -- but just to repeat what I said during the prepared remarks, we're having supply constraints that are caused by the COVID-related disruptions and by the silicon shortages, and that is what is creating the constraints. And as you know and as you can tell from our website, most of the iPad and Mac models are constrained today. I mentioned in my prepared remarks that the growth rate for the June quarter, we expect it to be less than the 17% that we've reported in March for some of the reasons that I described. But in general, when we look across the board, we set all-time records and quarterly records for each one of our categories. We grew 5% in spite of the fact that, of course, as you know, during the month of March, we paused our sales in Russia. So we had an impact to our sales results there for a month of the quarter. And I guess one of the things you said is that the $4 billion to $8 billion range reflects some reopening of facilities during the quarter. And though the twists and turns of the future may be uncertain, what is certain is that we will never stop striving to be a force for good in the world in everything we do and everything we are. And so, the range, the $4 billion to $8 billion range, reflects various ramps of getting back up and running. In fact, we had a March quarter record for upgraders, while at the same time, nearly half of the customers purchasing a Mac were new to the product.

Apple Has It Tough in the Short Term. Analysts See Headwinds as ... (Barron's)

The tech giant's forecast for the June quarter, in which it expects supply constraints to crimp revenue, sends the stock lower.

But the stock turned lower after... But the tech giant’s forecast for the June quarter, in which it expects supply constraints to crimp revenue, sent the stock lower. Apple’s fiscal second-quarter was great, with revenue of $97.3 billion rising almost 9% from a year earlier and setting a record for a non-holiday quarter.

Apple earnings

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