Apple earnings

Incoming Apple CEO John Ternus promises he will be just as much of a profit-focused bean counter as his predecessor, current CEO Tim Cook.

“As you know, one of the hallmarks of Tim’s tenure has been a deep thoughtfulness, deliberateness and discipline when it comes to the financial decision-making of the company,” Ternus said Thursday during Apple’s earnings call with Wall Street analysts. “I want you to know that it’s something Kevan and I intend to continue when I transition into the role in September,” Ternus added, referring to Apple CFO Kevan Parekh.

January 12, 2005: Apple reports record earnings for the preceding three months, fueled by impressive iPod sales during the holiday period and demand for the latest iBook laptop. The hardware boom drives a fourfold increase in profits for the company.

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

“We are thrilled to report the highest quarterly revenue and net income in Apple’s history,” said Apple CEO Steve Jobs in a press release. “We’ve sold over 10 million iPods to date and are kicking off the new year with a slate of innovative new products including iPod shuffle, Mac mini and iLife ’05.”

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 …

Apple set a new record for iPhone revenue in its most recent financial quarter. Total company revenue reached $102.5 billion, an 8% increase over the same quarter of last year. And earnings per share hit $1.85, a rise of 13%, the company said Thursday.

Plus, Apple CEO Tim Cook predicted the current quarter will be “the best ever in the history of the company” — and AAPL’s stock price shot up in after-hours trading.

We went through Apple CEO Tim Cook’s earnings call with investors on Thursday, and found some genuine surprises during the discussion of the financial results of the holiday 2024 quarter. We also turned up impressive figures showing just how well the company is doing.

Financial details don’t have to be boring. Here are the high points from the call as quickly and as interesting as we can make them.

Wall Street analysts set an ambitious goal for Apple to beat by predicting the iPhone maker’s revenue had increased 4% during the critical holiday shopping season. No problem — Apple met or exceeded those expectations.

“Today Apple is reporting our best quarter ever, with revenue of $124.3 billion, up 4 percent from a year ago,” said Tim Cook, Apple’s CEO. “We were thrilled to bring customers our best-ever lineup of products and services during the holiday season.” Meanwhile, Apple Watch news has been making headlines, highlighting significant shifts in market trends. 

Apple broke a string a weak quarters by announcing a 5% year-over-year increase in revenue for the June quarter Thursday, setting a new record for the quarter. iPad sales experienced an especially strong quarter, up 24%, and the company’s services sector also grew by double digits.

Apple surpassed Wall Street analysts’ revenue expectations, though iPhone sales dropped slightly when compared to the same quarter a year ago.

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.

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 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’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 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.

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.

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.

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.

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.

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.

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.

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.

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.

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 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.

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.

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.