| Cult of Mac

How to make sense of Apple’s quarterly earnings call

By

Learn the financial lingo to get the most out of earnings call chatter.
Learn the financial lingo to get the most out of earnings call chatter.
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. CEO Tim Cook and CFO Luca Maestri will report on all the numbers. Because of poor economic conditions globally, expectations aren’t sky high, and some analysts figure Apple will beat them despite concerns about iPhone 14 sales.

Wall Street expects Q4 2022 earning per share of $1.26 on $90 billion in revenue (note that Q4 refers to Apple’s fiscal calendar Q4, which differs from the regular calendar because the company, like many, considers its fiscal “Q1” to be the holiday season, which is what most people think of as the fourth quarter of the year).

New MacBook Air is even faster than we dreamed [The CultCast]

By

The CultCast Apple podcast: These MacBook Air benchmarks show what a screamer the M2 chip really is.
These MacBook Air benchmarks show what a screamer the M2 chip really is.
Image: Cult of Mac

This week on Cult of Mac’s podcast: The latest benchmarks make Apple’s M2 chip sound better than we thought. In fact, the new MacBook Air that the processor powers might be the perfect laptop for almost everyone.

Also on The CultCast:

  • The iPhone 14 Pro’s always-on screen looks sweeeeet.
  • How does Apple keep pulling off earnings miracles?!?
  • What not to do when a creep steals your AirTag-equipped scooter.
  • Somebody built an Apple Store time machine.
  • And a truffle tangent to end all tangents.

Listen to this week’s episode of The CultCast in the Podcasts app or your favorite podcast app. (Be sure to subscribe and leave us a review if you like it!) Or watch the video livestream, embedded below.

Our sponsor: Squarespace

Special thanks to this week’s sponsor, Squarespace. Get all the tools you need to set up your very own website and commence selling anything online. Start your free website trial today at squarespace.com/cultcast (no credit card required). Save 10% off your first purchase of a website or domain with code cultcast at checkout.

What to expect from Apple’s quarterly earnings report

By

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’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.

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.