Apple earnings

Read Cult of Mac’s latest posts on Apple earnings:

Today in Apple history: iPod drives profits to new heights

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iPod
The iPod was kind of a big deal in 2005.
Photo: Jim Merithew/Cult of Mac

January 12: Today in Apple history: iPod drives Apple profits to new heights January 12, 2005: Apple reports record earnings for the preceding three months. Holiday sales of the iPod, and demand for the latest iBook laptop, give the company a four-fold increase in profits.

Apple brags that it sold a total of 10 million iPods, and rightly so. The massive popularity of the portable music player drives Apple to its highest earnings yet.

Today in Apple history: Lousy quarter proves Steve Jobs isn’t invincible

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$1 trillion value
A perfect storm of bad news leads to a massive $195 million quarterly loss for Apple.
Photo: Apfellike

December 6: Today in Apple history: Apple suffers first quarterly loss since Steve Jobs' return December 6, 2000: Apple Computer’s stock price falls after the company posts its first quarterly loss since Steve Jobs’ return to Cupertino in 1997.

Shares tumble $3 to just $14 a share as doom-predicting pundits worry that the big Apple comeback might come screeching to a halt. Little did they know …

Why Apple is (nearly) recession-proof

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Apple’s financial results were all the company could ask for.
Analysts expect consumers to keep buying Apple products, no matter what the global economy does.
Graphic: Cult of Mac

Although economists can’t agree whether a global recession is on the way, it’s definitely a possibility. But Apple execs don’t seem to have a lot to worry about – market analysts remain generally upbeat about the company.

Here are comments from a range of experts that are sure to warm Apple CEO Tim Cook’s heart.

8 tantalizing tidbits from Apple’s otherwise stultifying earnings call

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Apple Q3 2022 earnings roundup: The earnings call wasn't that exciting, but Apple still dropped some tantalizing tidbits on us.
The earnings call wasn't that exciting, but Apple still dropped some tantalizing tidbits on us.
Image: Sharon McCutcheon/Unsplash License/Cult of Mac

Apple earnings calls with analysts can offer fascinating glimpses behind the scenes at the iPhone-maker. Most of the time, though, they are dull as toast. That’s true even for the June quarter, when Apple managed to snatch financial success from the jaws of supply constraints.

But we endured the tedium of the call so you don’t have to. Just read on to get the interesting details almost lost in all the talk of basis points and CAPEX.

Apple earnings beat pessimistic predictions

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Apple earnings Q3 2022: Cupertino does it again! Against all odds, Apple squeaks out another record-breaking quarter.
Against all odds, Apple squeaks out another record-breaking quarter.
Image: Cult of Mac

Apple overcame considerable headwinds to set a new revenue record during its most recent financial quarter, the company said Thursday. Cupertino once again beat analysts’ expectations, despite COVID-19 lockdowns in China that slowed Mac and iPad production.

“Our June quarter results continued to demonstrate our ability to manage our business effectively despite the challenging operating environment,” said Luca Maestri, Apple’s chief financial officer, in a press release announcing the Q3 2022 earnings.

What to expect from Apple’s quarterly earnings report

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Some analysts think Apple will beat earnings expectations, but others are doubtful.
Some analysts think Apple will beat earnings expectations, but others are doubtful.
Photo: Ed Hardy/Cult of Mac

Apple’s next quarterly earnings report and call with analysts take place on Thursday. (It’s Q3 for Apple’s fiscal year despite being Q2 on your calendar.) And the company has already warned it may take an up to $8 billion revenue hit for several reasons.

As usual, after the fiscal results come out and the stock market closes for the day, Apple CEO Tim Cook and CFO Luca Maestri will talk with financial analysts on a public call about the results and future expectations.

Apple becomes world’s most profitable company

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International governments plan to rethink tax rules for the ‘digital age’
Apple earned more profits than any other company in the world.
Photo: Pixabay/Pexels CC

Apple made more money in the last year than any other company in the world, according to the new Fortune 500 rankings. With annual profits of $57.5 billion, no other enterprise came particularly close, with the nearest rival earning about $8 billion less.

This goes a long way toward explaining why Apple remains the most valuable publicly-traded company in the world.

Smashed records, short supplies and other takeaways from Apple’s record Q3

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Smashed records, short supplies and other takeaways from Apple's record Q3
Apple broke records in multiple types of revenue last quarter, from Macs to Services. And its installed base of user hit a new record, too.
Photo: Cult of Mac/EverythingSuperMario

Apple just revealed that its made heaps of money last quarter. It broke all kinds of revenue records, and Mac, iPhone and iPad contributed strongly to the total.

But there are also some dark clouds in Apple future. Read on to get the good news and bad from the company’s most recent financial earnings results.

Apple investors prepare for another boffo quarter

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Apple’s financial results were all the company could ask for.
Multiple products are expected to contribute to Apple announcing stellar financial results for last quarter.
Graphic: Cult of Mac

Wall Street thinks Apple recently finished an amazing quarter. If the analysts are right, the company will reveal on Wednesday the results of a January-through-March period with significant revenue growth in all its products, both hardware and services.

1 billion iPhones and other mind-blowing tidbits from Apple’s blowout earnings call

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Apple roars through another record-setting financial quarter, with a massive $111.4 billion in revenue for Q1 2021.
Apple roars through another record-setting financial quarter. Here’s what the number mean.
Image: Vista Wei/Unsplash CC/Cult of Mac

The results of each Apple financial quarter somehow keep topping the one before. This time, the big news is that revenue blew past $100 billion for the first time, buoyed by record-breaking sales of iPhone and other products.

But there’s more to Apple’s announcement than a parade of figures. Here’s what all those number mean for the company, and for users, based on what Apple’s top brass told investors on Wednesday.

Strong iPhone 12 sales fuel record $111.4 billion quarter for Apple

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Apple’s financial results were all the company could ask for.
Multiple products contributed to Apple having a stellar financial results last quarter.
Graphic: Cult of Mac

As a company, Apple is firing on all cylinders. It pulled in record revenue from iPhone, Wearables and Services during its most-recent financial quarter. And there was healthy growth in Mac and iPad revenue too.

Total quarterly revenue hit 111.4 billion, up 21% year over year. This is the first time Cupertino broke $100 billion, a milestone few companies reach.

Pandemic spending spree might lift Apple to record $100 billion quarter

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Apple will reveal how well the iPhone 12 is selling on January 27
Apple quarterly earnings will be revealed on Wednesday, along with an executive call to investors that will reveal much more about the iPhone 12 launch.
Photo: Cult of Mac

Working and schooling from home has led to a rush of computer purchases, to Apple’s benefit. The Mac-maker is set to reveal the results of its most-recent financial quarter on Wednesday, and analysts predict quarterly revenue will break through the $100 billion mark for the first time.

Apple earnings: Can iPad and Mac pick up the iPhone slack again?

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Apple earnings Q4 2020 will likely come down to iPad and Mac demand.
iPhone sales were likely weak last quarter so Apple earnings will depend a lot on Mac and iPad.
Photo: Cult of Mac

Weak iPhone sales likely pulled down Apple earnings in its last financial quarter. But the COVID-19 pandemic almost certainly pushed up demand for iPad and Mac. Still, total revenue is expected to be down slightly.

We’ll find out for sure Thursday when Cupertino announces its financial results from the July-through-September period.

How Apple made money in the middle of a crushing pandemic

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Apple reports another quarter of record revenue for Q3 2020. Can nothing stop the Cupertino juggernaut?
Can nothing stop the Cupertino juggernaut?
Photo: Bill Oxford/Unsplash CC

People around the world turned to Apple products at the beginning of the COVID-19 crisis. And the result was an 11% increase in Apple revenue during the June quarter. Some products contributed to that growth more than others.

The pandemic sent people buying Mac and iPad in huge numbers. But it hurt handset sales, despite a relatively strong launch for the iPhone SE. And Apple services experienced something of an off quarter, too.

Even COVID-19 can’t slow Apple’s moneymaking machine

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Apple made it through its financial Apple Q3 2020 with flying colors.
Apple brought in far more money than expected recent during the April-to-June quarter.
Photo: Ed Hardy/Cult of Mac

Apple took in $59.7 billion in revenue last quarter, an annual increase of 11%. That solidly beats the estimates of analysts, who predicted a drop in revenue as the iPhone-maker, and the rest of the world, grappled with the COVID-19 pandemic.

Very strong increases in revenue from Mac and iPad significantly pushed up the total.

What to expect from Apple’s pandemic-afflicted earnings report

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Apple Q3 2020 earning results come out July 30.
Apple Q3 2020 earnings were almost certainly pushed up by the iPhone SE and weighed down by COVID-19.
Photo: Ed Hardy/Cult of Mac

When Apple reports its fiscal third-quarter earnings Thursday, the world will learn how the company is doing in the middle of a global pandemic.

Analysts predict a drop in revenue. But Apple itself previously said it’s seeing an increase in Mac and iPad sales. And investors have pushed the stock up almost 30% this year.

Apple earnings on Thursday: Here’s what to watch for

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Apple.logo.paris.store
Apple will want to quickly forget about its fiscal second quarter earnings results and move on.
Photo: Josh Davidson/Cult of Mac

Apple reports its fiscal second-quarter earnings results Thursday afternoon, and chances are good that Cupertino will be glad to see the first three months of 2020 fade into history.

Having said that, things might not be as bad as many expect due to the ongoing COVID-19 pandemic. Oh, there won’t be any record-breaking figures, but there are some pretty good indicators that the news won’t be all doom and gloom.

As is always the case, though, the devil will be in the details. Apple’s conference call after issuing its Q2 2020 earnings report will be even more interesting than the numbers themselves.

Apple’s first earnings report during COVID-19 pandemic set for April 30th

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Apple earnings
Circle April 30, 2020 on your calendar.
Photo: Ste Smith/Cult of Mac

Investors won’t get their first glimpse at just how badly the COVID-19 pandemic hurt Apple’s business until the very end of April.

April revealed this afternoon that it will host a conference call with investors on Thursday, April 30, at 2 p.m. Pacific. The company said in February that it expects revenues to come in lower than its guidance due to the coronavirus outbreak that shut down Apple’s stores and production pipeline during the quarter.

Wall Street analysts go all-out bullish on record Apple earnings

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Bullish Apple analysts aren’t panicking about coronavirus…yet
With strong iPhone sales and improvements in China consumer sales, Wall Street analyst can't say enough good things about Apple.
Photo: Brad Gibson/Cult of Mac

Apple’s first-quarter results have triggered confidence among analysts that the future of the company is stronger than ever on the back of the iPhone.

Wall Street analysts began reporting Wednesday their thoughts on the tech giant – everything from strong sales growth in China, to rumors of a new low-cost iPhone to a 5G-ready mobile later this year.

iPhone 11 propels Apple to another record-breaking quarter

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apple earnings
Apple's money-making machine is on a new level.
Photo illustration: Steve Smith/Cult of Mac

Apple’s first earnings report of 2020 saw the company hit a new all-time record for revenue made in a quarter thanks to stronger than expected iPhone sales.

The iPhone-maker brought in $91.8 billion during the holiday quarter which has the stock soaring in after-hours trading. Worries over how the coronavirus in China might affect Apple’s production throughout 2020 had Wall Street worried yesterday and based on Apple’s guidance for Q2 2020, the company doesn’t seem overly concerned it will have a big impact on profits yet.

5 big questions heading into Apple’s first earnings report of 2020

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Earnings call
Apple's Q1 2020 earnings report will probably break some records.
Photo: Jim Merithew/Cult of Mac

Apple’s first earnings report of the decade is barely 24 hours away, and Wall Street is praying for another historic quarter.

After defying gravity for the last 12 months, Apple’s soaring stock price suffered its biggest single-day loss in more than six months today. Tuesday’s Q1 2020 earnings, which will cover sales from the 2019 holiday season, could provide the jolt AAPL shares need to start jumping up the charts again. However, certain hot topics — and what Apple says about them — could signal a downturn ahead.

Apple sets new Q4 record with $64 billion in revenue

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European Commission could get even tougher on tech in 2020
European Commission could get even tougher on tech in 2020
Image: Ste Smith/Cult of Mac

Apple earnings report for the fourth fiscal quarter of 2019 met the most bullish of Wall Street expectations this afternoon with a Q4 record high of $64 billion in revenue and $3.03 earnings per share.

Apple’s stock price started soaring in after-hours trading on news of the positive earnings. With the iPhone 11 on sale for just 10 days during Q4, Apple CEO Tim Cook gave credit to Apple’s booming service business and the Apple Watch and AirPods for pushing the quarter to record heights.

Apple’s big earnings surprises [Cult of Mac Magazine No. 308]

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Find out about Apple's big earnings surprises in Cult of Mac Magazine No. 308
We learned something! (A few things, actually.)
Cover: Leander Kahney/Cult of Mac

Apple’s record-breaking revenues weren’t the biggest surprise in this week’s earnings call. Usually tight-lipped Apple execs Tim Cook and Luca Maestri actually uncorked a few shocking revelations!

Read all about it in this week’s totally free issue of Cult of Mac Magazine. Grab the iOS version now to enjoy it on your iPad, or hit the links below to read in your browser.

You’ll also find plenty of other Apple news, analysis and opinion, including a call for transparency in the wake of Siri’s eavesdropping problem. Plus, we’ve got product reviews and how-tos — like one on cleaning the lint from your filthy iPhone.

Services fuel Apple to historic June quarter

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European Commission could get even tougher on tech in 2020
Apple shares are trading up on the good news.
Photo: Ste Smith/Cult of Mac

Record-breaking revenue put Apple right in line with Wall Street expectations as the company released its Q3 2019 earnings report today.

The iPhone-maker brought in $53.8 billion in revenue, a number within range of its own guidance and most analysts’ predictions. That set a new record for Apple third-quarter revenue — a slight gain from Q3 2018’s $53.3 billion. CEO Tim Cook touted the company’s subscription offerings for fueling the new all-time high.