Apple’s installed base now exceeds 2 billion active devices, CEO Tim Cook said during Thursday’s earnings call. Although revenue in Apple’s first quarter fell $6.7 billion short of last year’s, the continued growth helped the company achieve what Cook called “a truly incredible milestone.”
Apple raked in $123.9 billion in revenue during the last three months of 2021. That’s a year-over-year increase of 11%. More importantly, it’s significantly higher than financial analysts had predicted.
All that revenue led to quarterly earnings per diluted share of $2.10. Again, that solidly beat expectations.
When Apple reveals its financial results from the holiday shopping season on Thursday, analysts predict the company will announce its best quarter ever.
Whether the Mac-maker meets this lofty goal will have a big effect on its stock price, which has been sliding in recent weeks.
Apple will announce its quarterly earnings for the 2012 holiday season tomorrow, and investors are nervous. The company’s stock has been on quite the roller coaster ride since its $700 high back in September 2012. AAPL is now trading right around $500, which is the lowest it has been in more than six months.
Recent reports have said that demand for products like the iPhone is faltering. That’s why it may come as a surprise that Wall Street expects Apple to have its best earnings report ever tomorrow. So is it a good time to sell AAPL? Now may actually be the best time to buy.
Along with AT&T yesterday, Sprint tosay has announced their third quarter 2012 results, and activated 1.5 million iPhones during that period, 40% of whom are new customers… essentially the same number of new iPhones per quarter Sprint has maintained for the entire year of 2012 to date.
It wasn’t all sunny, though. The company reported a net loss of $767 million for the third quarter against $7.3 billion in revenues.
While Apple announced another record-breaking quarter yesterday, U.S. mobile carrier Sprint reported a significant net loss of $863 million – nearly twice the loss that it reported for the same quarter last year. iPhone sales, however, helped increase Sprint’s overall subscriber base – making this the eighth consecutive quarter where the company reported overall growth.