Apple’s $6 billion blues and other earnings revelations

By

Apple Q4 2021 earnings call: Supply chain woes cost Apple an estimated $6 billion in revenues last quarter.
Supply chain woes cost Apple an estimated $6 billion in revenues last quarter.
Photo: Alireza Khoddam/Unsplash CC/Cult of Mac

Apple made a record $20.6 billion in profits last quarter but is getting punished because $83.4 billion in revenue didn’t meet Wall Street analysts’ expectations. Turns out even the Cupertino juggernaut is not immune to supply chain problems — $6 billion worth of them.

Here’s the bad news — and the good — from Apple’s September 2021 earnings report and a Q&A session with analysts afterward.

A breathless glossary of terms for understanding Apple’s earnings call

By

Apple reportedly will scan images in iPhones and iCloud for hints of child abuse.
Apple reportedly will scan images in iPhones and iCloud for hints of child abuse.
Photo: Kevin Dooley/Flickr CC

During quarterly earnings calls, many executives deploy language designed to puff up, excuse or obfuscate their companies’ recent performance. The goal is to make investors pant with delight over implied future success. And ultimately to give the company more money. Always. More. Money.

But when you’re Apple — with a mind-blowing market cap and a seemingly never-ending supply of hit products — you typically don’t need to craft hopeful-yet-non-material statements or deflect questions designed to get at the bottom line.

Apple’s next earnings call takes place this afternoon. If it’s anything like the last one, CEO Tim Cook and CFO Luca Maestri will simply lay out the good news. After all, analysts expect rising revenue overall, continuing services growth and  earnings-per-share of $1.21 vs. $0.73 in Q4 last year.

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

By

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.

5 takeaways from Apple’s latest Mac-tastic quarter

By

Mac FTW! Apple earnings Q2 2021: Sales of new M1 Macs powered Apple to yet another record-smashing quarter.
Sales of new M1 Macs powered Apple to yet another record-smashing quarter.
Photo: Wes Hicks/Unsplash CC

Apple did it again. It just announced a quarter where it didn’t just beat everyone’s expectations, it blew them away. The Mac had a phenomenal quarter, and so did iPhone and iPad.

But you don’t have to bury yourself in spreadsheets to get the lowdown on what it all means. Just read on.

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

By

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.

Will Apple’s Oct. 29 earnings call bring another pandemic miracle?

By

Apple Q4 2020 earnings on Oct. 29: When it comes to Apple earnings, CEO Tim Cook seems to have a reality-distortion field of his own.
When it comes to Apple earnings, CEO Tim Cook seems to operate a reality distortion field of his own.
Photo illustration: Cult of Mac

When Apple holds its fiscal Q4 2020 earnings call on Oct. 29, can the company deliver another pandemic miracle?

We’ll all find out at 2 p.m. Pacific that day, when Apple live-streams its earnings call. (Actually, we’ll undoubtedly find out a half-hour earlier than that, when Cupertino issues its press release outlining its quarterly results).

Following last quarter’s record-setting results, Wall Street will be waiting with bated breath to see if Apple once again found a way to spin gold amid the economic disaster caused by COVID-19.

10 years of iPad: How Apple’s tablet changed mobile computing [Cult of Mac Magazine 334]

By

10 years of iPad: How Apple's tablet changed mobile computing.
A decade ago, the iPad changed everything.
Cover: Leander Kahney/Cult of Mac

When the iPad came out 10 years ago, some people dismissed it as nothing but a super-sized iPhone. In reality, Apple’s tablet changed mobile computing forever.

We pay tribute to the iPad in this week’s Cult of Mac Magazine cover story. We’ve also featuring a rundown on Apple’s blow-out earnings call as well as the usual tips for Mac and iOS users. Plus, some sweet product reviews and recommendations.

Download your free issue now — and read it on a revolutionary iPad — or hit the links below.

Apple’s best-ever quarter, strictly by the numbers

By

Apple financial results on an iPad Pro
A dive into Apple’s most recent financial results shows what’s really happening with the company.
Photo: Ed Hardy/Cult of Mac

Apple pulled in more revenue and profits last quarter than it ever has before. These numbers were buoyed by strong iPhone and wearable sales. But the news isn’t all good.

Check out these charts that show with a glance how the company made its money last quarter.