Apple is about to reveal the financial results of its most recent quarter, and Wall Street analysts are preparing for a whole lot of ho-hum. They’re predicting a very slight drop in revenue and earnings, during a traditionally slow time of the year for Apple sales.
That said, Apple has a habit of beating analysts’ predictions. So Thursday’s earnings call could be more upbeat than expected.
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.
Apple took in $81.4 billion in revenue during its most recent financial quarter, up 36% from the same quarter of last year. And profits were up as well, with earning per share hitting $1.30.
Market analysts just can’t keep up with how well the iPhone-maker is doing. These results beat expectations handily.
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.
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-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.
Mega-investor Warren Buffett says that Apple’s most recent earnings confirm “the reason [my firms owns] $50 billion-plus of Apple.”
Speaking on CNBC, the Berkshire Hathaway investor said that, “I was pleased with what they reported.”
When Apple unveils its earnings report for last year’s crucial holiday quarter, the entire world will be watching for signs of the company’s long-rumored impending doom.
Several factors will make Tuesday’s Q1 2019 earnings call Apple’s most important in years. Depending on how it goes, it could have an enormous impact on the company’s stock’s performance in 2019 and beyond.
Apple’s weakest earnings report of 2018 is set to be revealed today but it might also contain a few clues about the 2018 iPhone launch this fall.
Tim Cook and Apple CFO Luca Maestri will talk to investors on an open call at 2 p.m. Pacific. Analysts don’t expect a huge boost in iPhone sales and revenue (in fact some are downright pessimistic). However, Apple could pull out a few surprises like it did the last two quarters.
Per usual, Cult of Mac will be here to live-blog all the action starting at 1:30 p.m. (That’s when the earnings report typically lands.) Come join the fun!
Apple’s weakest earnings report of 2018 is scheduled for July 31.
The iPhone-maker notified developers this afternoon that it will reveal how many iPhones it sold during the Q3 2018 fiscal quarter. And it might also drop some clues about when the next iPhones are going on sale.
