The first three months of 2022 were good to Apple, with revenue setting a quarterly record. But the company warned on Thursday that problems getting components and assembling products will take a nasty chunk out of revenue for the current quarter. The hit will to be between $4 billion and $8 billion.
But there’s also plenty of good news in from the conference call CEO Tim Cook had with investors after Apple’s March quarter results were announced.
Apple Watch recently passed an important milestone. There are now 100 million of them in active use according to a market analysis firm. And more than 50 million Americans have one.
The user base is one of the most important measurements of a product’s success. It shows how many people are actively using a device, as opposed to buying one, disliking it, then dumping it in a drawer.
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.
The Apple Watch essentially launched the smartwatch category, and continues to dominate it. And rather than competitors catching up, Apple’s share of this market in increasing. It took in 51.4% of the worldwide revenue from shipments of smartwatches during the first half of 2020, a significant rise from the same period last year.
While COVID-19 certainly overshadowed Apple’s most recent financial quarter, the company actually saw an annual increase in revenue, with the growth primarily coming from services and wearables.
Looking ahead, the company predicts that Mac and iPad sales will be strong. And CEO Tim Cook remains confidant about Apple’s future.
A dramatic increase in Apple Watch sales in 2019 brought shipments up 36% year over year, according to a market research firm. The total of number of Apple wearables shipped last year was 45% higher than the entire Switch watch industry.
A quick glance at the Apple Q4 2019 earnings report shows the company just finished a record three months, but a deeper dive into the numbers reveals how Apple managed to pull in more revenue than it ever has in a July-through-September period, including strong increases from wearables, iPad and Services.
A day after a gloomy third-quarter sales report about the Apple Watch, CEO Tim Cook says the device is already having a record holiday as one of the season’s most popular gifts.
He shoppers bought a record number of Apple Watches during the first week of holiday shopping, and the wearable is on pace to have its best quarter ever to close out 2016.
Apple Watch may be the most recognizable product in the wearables space, but it isn’t the best-selling.
Sales of Apple Watch are down more than 70 percent, according to IDC Research, which cites third-quarter sales figures of the wearables market.
Best Buy is trying its darnedest to live up to its name with a new $100 discount on every Apple Watch model it sells. The deep discount brings the entry-level cost of a 38mm Apple Watch Sport down to just $250.
Apple still hasn’t publicly released sales figures for the Apple Watch, but according to Best Buy CEO Hubert Joly, the wearable device is doing great.
“Demand for Apple Watch has been so strong in the stores and online,” Joly told analysts during the company’s latest earnings call.
Apple’s stock is taking a hit after today’s Q3 2015 earnings call. At the time of writing, AAPL is down 6.72 percent in after-hours trading to 121.97. Yikes.
Apple didn’t officially announce any Apple Watch sales numbers during today’s earnings call, but according to Tim Cook, the company has already beat its own internal expectations.
While the official number of units sold remains a secret, the Apple exec said the number of Apple Watches sold in the first nine weeks was greater than the number of iPhones or iPads the company sold in the same period after they launched.
Apple’s quarterly earnings call is set to take place later today, but one set of figures we’re not expecting to get is the initial Apple Watch sales. Apple has already acknowledged this data be hidden in the “other products” category — alongside the iPod, Apple TV, Beats Electronics and accessories division.
However, while Apple is likely to keep quiet on the exact breakdown of Apple Watch sales, it will be possible to get a rough idea of how the company’s debut wearable device is faring by doing the following:
The only Apple Watches I’ve seen in the wild so far have been strapped to men’s wrists, and according to one of the world’s top Apple analysts, that could be a bad indicator for the digital timepieces’ popularity.
In a new note to investors, KGI analyst Ming-Chi Kuo has cut his 2015 expectations for Apple Watch sales from 30 million down to just 15 million after research found that Apple Watch has attracted mostly men.
