| Cult of Mac

Why Apple is (nearly) recession-proof

By

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

By

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

By

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

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.

Today in Apple history: iPod drives profits to new heights

By

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, 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 ever.

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

By

$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’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 becomes world’s most profitable company

By

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

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.

Apple investors prepare for another boffo quarter

By

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

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.