earnings

Apple will reveal how well the iPhone 12 is selling on January 27

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Apple will reveal how well the iPhone 12 is selling on January 27
The Apple earnings call in three weeks will reveal much more about the iPhone 12 launch.
Photo: Cult of Mac

Apple plans to announce on January 27 the financial results from last quarter. This includes the launch of the iPhone 12 series, so it’ll offer the first hard numbers on how well the latest iOS handsets are selling.

The quarter also contains the holiday-shopping season, which traditionally adds enormously to Apple’s bottom line. But 2020 wasn’t a normal year and it’s not yet known how the COVID-19 pandemic affected gifting of Mac, iPad and other products. Apple financial results should clear away the mystery.

Apple earnings on Thursday: Here’s what to watch for

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Apple.logo.paris.store
Apple will want to quickly forget about its fiscal second quarter earnings results and move on.
Photo: Josh Davidson/Cult of Mac

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.

Everything you need to know before Apple’s last earnings call of 2019

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Earnings call
Get ready for another record breaking quarter.
Photo: Jim Merithew/Cult of Mac

Apple is ready to unveil its last earnings report of 2019 this week, and investors are anxiously waiting to hear some good news on iPhone sales.

All early indications point to sales of the iPhone 11 and iPhone 11 Pro performing even better than expected. But because the new devices were only on sale for the very tail end of the quarter, they might not have given Apple the growth Wall Street is desperate to see.

Apple CEO Tim Cook and CFO Luca Maestri are set to divulge all the details for Apple’s fiscal Q4 2019 earnings on Wednesday, October 30, at 2 p.m. PDT. Per usual, Cult of Mac will be analyzing all the data right when it drops and there are a couple of areas and metrics that are key to keeping Apple’s stock price soaring.

Apple chipmaker rakes in record third quarter revenue

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Apple chipmaker racing ahead with its next next-gen nanometer process
TSMC is the company behind Apple's A13 chip.
Photo: Apple

Apple chipmaker Taiwan Semiconductor Manufacturing Company (TSMC) has hit a new record for the third calendar quarter of the year. TSMC’s revenue beat previous guidance it gave in July.

The world’s largest contract chipmaker reported consolidated revenues of $3.3 billion for the month of September 2019. That’s down slightly from its record high in August. But it’s up 21.6% on quarter and 12.6% from one year earlier.

Apple’s working on something BIG… this week on The CultCast

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CultCast 399
Apple's recent earnings report was full of delicious surprises.
Photo: Apple

This week on The CultCast: Apple’s working on something BIG, and their massive increase in R&D spending proves it. Plus: we discuss all the surprises Apple unveiled in their recent earnings report, and it was another record breaker. And if you think your conversations with Siri are private, think again! Apple’s been caught reviewing your most personal sound bytes. And a new Moviepass competitor has emerged with a very interesting offer, but is it worth the price? All that and more!

Our thanks to Squarespace for supporting this episode. Easily create a beautiful website all by yourself, at Squarespace.com/cultcast. Use offer code CultCast at checkout to get 10% off your first purchase of a website or domain..

8 key details from Apple’s upbeat earnings report

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European Commission could get even tougher on tech in 2020
European Commission could get even tougher on tech in 2020
Image: Ste Smith/Cult of Mac

Apple unleashed its best-ever Q3 earnings report today, and traders subsequently sent the company’s stock soaring in after-hours trading.

Thanks to record-breaking revenue from its services business and strong growth from wearables, Apple is heading into its most important period of the year ready to cash in. Investors had plenty of questions for CEO Tim Cook and CFO Luca Maestri during today’s call. And the duo revealed some key tidbits we actually weren’t expecting.

Apple’s quarterly report will continue ‘flattening out’ of earnings

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European Commission could get even tougher on tech in 2020
Earnings are likely to remain flat.
Photo illustration: Ste Smith/Cult of Mac

My colleague Buster Hein described tomorrow’s Apple earnings call as the company’s “most boring” earnings report of the year. And it seems like analysts aren’t rushing to disagree with him.

Looking at analyst expectations for Tuesday shows that, overall, people have pretty low expectations. And that’s all part of a “flattening out” of Apple earnings.

iPad sales were the hero of Apple’s latest earnings report

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iPad Air 10.5
The new iPad Pro is officially a hit!
Photo: Apple

Apple surprised Wall Street with a better-than-expected Q2 earnings report this afternoon and one of the biggest factors was the iPad.

With revenues topping $58 billion Q2 (down 5% YoY), Apple is trying to become less reliant on its iPhone business. Services are expected to pick up most of the slack, but this last quarter Apple got some unexpected help from its iPad business that is experiencing a resurgence just at the right time thanks to the new iPad Pro.

Apple breezes past Wall Street forecasts with $58 billion in revenue

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quotes on Apple
It's "Get a bag Tuesday" and Tim Cook is cashing in.
Photo: Cult of Mac

Apple revealed its Q2 2019 earnings report and despite some pessimism from analysts, the company managed to beat Wall Street’s expectations.

Revenue for the quarter came in at $58 billion, slightly above Apple’s own guidance to investors. Most of Wall Street analysts were predicting the company would only bring in between $54 billion to $57 billion for the quarter. Better yet, the company’s guidance for next quarter is stronger than expected, signifying that the doom-and-gloom may have been severely overstated.

Brace yourself for Apple’s next ugly earnings call

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Apple earnings
Apple's Q2 earnings are expected to be a bit of a downer.
Photo: Ste Smith/Cult of Mac

Wall Street is anxiously awaiting Apple’s earnings report for the second quarter of 2019 that will be delivered on Tuesday, April 30. Apple’s stock value has risen about 30% this year even though iPhone sales are slowing.

Most analysts predict that nearly all of Apple’s numbers will be down compared to the same quarter last year, but there are few bright spots that could cause the company’s stock price to surge. After looking at the analysts’ numbers, we’ve found a couple of key areas to watch for.

iPhone sales slump, but Apple’s in it ‘for the long term’

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quotes on Apple
Tim Cook is the CEO of getting a bag.
Illustration: Cult of Mac

Apple unveiled its earnings for Q1 2019 this afternoon and as expected, total revenue came in a lot lower than Apple originally predicted at the end of last year, with iPhone sales dropping 15%.

Thanks mostly to slumping sales in Greater China, Apple posted $84.3 billion in revenue, marking a drop from the $88.3 billion the company pulled in during the same quarter a year ago. Even though iPhone sales are struggling, Apple’s services are bringing in more money than expected, giving investors some good news.

Tim Cook got a big pay rise last year

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Tim Cook earnings apple
Tim Cook took home a tidy paycheck in 2018.
Illustration: Ste Smith/Cult of Mac

Tim Cook took home $15.7 million in compensation for his role as Apple CEO in fiscal 2018, a 22 percent raise on his earnings the previous year.

The figure is approximately 283x the median Apple employee’s pay, which stood at $55,426. That average is more than Amazon’s $30,000 median, but significantly lower than Facebook’s $240,430 and Alphabet’s $197,000.

Apple’s holiday quarter earnings could be insane

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Tim Cook earnings apple
Apple earnings could be about to reach new heights.
Photo: Ste Smith/Cult of Mac

Apple enjoyed an incredible start to 2018 thanks to a record-breaking holiday quarter, but according to one analyst, this year’s will be even better.

Thanks to an impressive new iPhone lineup and the best Apple Watch yet, revenue could reach insane new heights as we see out 2018. iPhone sales alone are predicted to surpass a staggering 81 million units!

Snapchat’s number of daily users continues to tumble

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Snapchat
Forget disappearing messages; Snapchat is suffering disappearing users.
Photo: Jim Merithew/Cult of Mac

Snapchat isn’t having a good time right now. The company just released its third quarter results, and once again suffered a decline in daily active users.

That number fell by 2 million to 186 million people, marking the third straight quarter of user declines. However, Snap seems confident it can break the losing streak in 2019.

Samsung reports record earnings — and Apple’s a big reason why

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Samsung
Quick, send Tim Cook a thank you note!
Photo: Jim Merithew/Cult of Mac

Samsung is expecting to rake in record operating profits for the three months ending in September — and it owes Apple a debt of gratitude for helping.

The South Korean tech giant said on Friday that it’s expecting to pull in $15.6 billion in operating profits for the most recent quarter. This would be a jump of more than 20 percent compared to the same quarter in 2017, and Samsung’s highest ever quarterly earnings. They should send Tim Cook a bottle of champagne to thank him!

iPhone manufacturer struggles despite record revenues

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iPhone sales drive Apple’s biggest supplier to big profits
Foxconn just announced its lowest net profits in five years.
Photo: CBSRe

With Apple recently hitting a $1 trillion valuation, you’d think it would be a great time to be an Apple supplier. According to new quarterly earnings released by Apple’s long-time manufacturer Foxconn, however, that’s not entirely true.

As revealed in Foxconn’s latest financials, consolidated revenues rose 17 percent year-on-year to reach a new historical high of $34.43 billion for Q2 2018. Unfortunately, net profits for the quarter fell 2.18 percent on-year to their lowest level in five years.

Snapchat blames big redesign for decline in active users

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Snapchat
Snapchat has reported its latest quarterly earnings.
Photo: Jim Merithew/Cult of Mac

Snapchat has blamed the lingering effects of its disastrous redesign for a decline in its number of daily active users.

The messaging company reported its Q2 earnings yesterday. One of the key takeaways was that the number of people using Snapchat daily shrank from 191 million last quarter to 188 million this quarter. CEO Evan Spiegel blamed the 1.5 percent decrease on, “disruption caused by our redesign.”

Is iPhone X really a flop? We’ll know for sure tomorrow

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Apple earnings
Investors are hoping for good news from Tim Cook.
Photo: Ste Smith/Cult of Mac

The second Apple earnings report of 2018 is set to come out on May 1 and Wall Street’s top analysts are worried that disappointing news is on the horizon.

Rumors have been circulating for months that iPhone X sales have been far weaker than Apple expected. The company’s stock price has been slipping in the last two weeks leading up to the Q2 2018 earnings report. Everyone’s waiting to see if Apple can pull out another surprise, but the signs don’t look too promising.

Per usual, Cult of Mac will be here to live blog all the action as it transpires on Tuesday, May 1, at 2 p.m. Pacific. Here’s what to watch for on the call:

Is iPhone X really too expensive? We’ll find out May 1.

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Apple earnings
Mark your calendars for Apple's next earnings call.
Photo: Ste Smith/Cult of Mac

The date for Apple’s second financial earnings call of 2018 was revealed on its investors’ website today, setting Tuesday, May 1, as the big date.

Apple has reportedly been facing slumping iPhone sales amid waning demand for the iPhone X. Investors will find out just how bad (or good) the sales figures are when Tim Cook and CFO Luca Maestri go over all the numbers at 2 p.m. Pacific. Per usual, Cult of Mac will be here live-blogging the whole thing.

The biggest takeaways from Apple’s record-breaking Q1 earnings

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European Commission could get even tougher on tech in 2020
European Commission could get even tougher on tech in 2020
Image: Ste Smith/Cult of Mac

Apple made more money last quarter than it ever has in the company’s history, but despite bringing home $88.3 billion in revenue, not all investors were impressed.

Wall Street walked away from Apple’s Q1 2018 earnings with mixed reviews. Money and cash is at an all-time high, yet there are some worrying signs that iPhone sales are about to hit another slump and new products like HomePod aren’t doing much to excite the market.

Here are the five biggest takeaways from today’s call:

Apple earnings live blog: iPhone X sales revealed at last

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Apple earnings
Apple's Q1 earnings are going to be huge!
Photo: Ste Smith/Cult of Mac

The first Apple earnings report of 2018 is already here. Based on analysts’ expectations, it will probably be Apple’s biggest earnings ever.

Thanks to the high price of the iPhone X and the holiday shopping season, Apple is set to rake in record-setting profits this quarter. Wall Street is eager to know what Apple plans to do with all its cash, especially now that it is bringing more than $200 billion back home from overseas.

Tim Cook and Apple CFO Luca Maestri are set to get on the phone with investors at 2 p.m. Pacific to talk about all the numbers. Per usual, we’ll be right here live-blogging all the action with up-to-the-minute analysis on all of the juicy new nuggets.

Come join us:

iPhone X launch sales will be revealed in Apple’s Q1 earnings call

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What’s it like to have your startup bought by Apple? Stressful
Apple's next earnings call will tell us a whole lot about the way 2018 will play out.
Photo: Ste Smith/Cult of Mac

Apple’s first quarterly earnings call of 2018 will take place on Thursday, February 1, the company has revealed.

Apple will host a conference call to discuss its first fiscal quarter results for the year. This will happen at 2:00 p.m. PT or 5:00 p.m. ET, and is available to listen to online.

iPhone 8 sales mystery ends Nov. 2

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iPhone
This will be the first earnings report with iPhone 8 sales figures.
Photo: Ste Smith/Cult of Mac

Apple shareholders waiting to find out what iPhone 8 sales will mean for the company’s bottom line will have to wait one more month before getting the news.

On its investor portal this afternoon, Apple revealed that its Q4 2017 earnings report will come out November 2.

What to expect from Apple’s Q3 2017 earnings

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Apple could be a $2 trillion company by end of 2021
Apple could be a $2 trillion company by end of 2021
Photo illustration: Ste Smith/Cult of Mac

Apple is set to unveil its latest earnings report on Tuesday, and Wall Street analysts predict it will probably be the most boring earnings call of 2017.

This will likely be Apple’s last public announcement before it unveils the next generation of iPhones. Apple CEO Tim Cook might drop some hints on what to expect, and when, as investors look forward to Apple’s next big blockbuster quarter. As usual, Cult of Mac will be here liveblogging the entire event with all the analysis and wit we can muster.

Watch for these five things during the call:

Samsung likely to smash previous records with Q2 profits

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Samsung
...and Apple may have helped.
Photo: Jim Merithew/Cult of Mac

Samsung’s Q2 operating profit rose 72 percent from this time last year, setting a new record for the South Korean tech giant in the process.

Operating profit likely sits around the 14 trillion won ($12.1 billion) mark, according to the company. Revenue meanwhile increased 18 percent from a year earlier to 60 trillion won — beating analyst forecasts in the process.