Apple Expected to Announce Record-Breaking March Quarter

[erikkfi]

Good picture for this article. The margins on that monitor must be obscene.

 

[Jaro65]

Bring it on, Apple. Those shares need to go back up.

 

[HalfFullmoon]

I predict 88 billion.

 

[Foogoofish]

$97.3 billion. Blimey.

 

[Abazigal]

Apple seems to be doing great but I wonder how long they (and other tech companies) can keep growing this fast? The economic picture seems to be getting bleaker by the day, supply chain issues, inflation out of control, etc..

I believe Apple is still only getting started. Lots of iPhone owners still have only one Apple product - the iPhone. This means there is still plenty of opportunity to sell them other related Apple hardware, accessories and services.

I expect Apple to continue maintaining this pace of growth for the next few years at least.

 

[helloboo]

why AAPL still dropped so much during pre-market today?

 

[Mavelous]

Apple is set to report financial results for the second quarter of the 2022 fiscal year later today, and Wall Street is expecting record-breaking figures.

On average, analysts forecast that Apple will set a new March quarter record for the company with revenue of $93.9 billion, according to Yahoo Finance. This revenue growth is expected to come from the iPhone, Mac, Services, and Wearables, while iPad revenue is expected to be relatively flat, according to estimates compiled by Philip Elmer-DeWitt.

Apple's revenue over the last five March quarters:

• 2022 (Estimated): $93.9 billion
• 2021: $89.6 billion
• 2020: $58.3 billion
• 2019: $58.0 billion
• 2018: $61.1 billion

Apple's second quarter ran from December 26 through March 26, according to the company's fiscal calendar. During this period, Apple launched its all-new Mac Studio desktop computer and Studio Display, the third-generation iPhone SE, the fifth-generation iPad Air, and new green color options for the iPhone 13 and iPhone 13 Pro.

Apple will report its earnings results at 1:30 p.m. Pacific Time today. Apple's CEO Tim Cook and CFO Luca Maestri will discuss the results on a conference call at 2 p.m. Pacific Time today, and MacRumors will have live coverage of the remarks.

Article Link: Apple Expected to Announce Record-Breaking March Quarter

Hey Apple!
Please build an Apple Car(or buy into Hyundai) so I don’t have to buy a Tesla.
The guy is a bit of a troll….

 

[NY Guitarist]

And yet Apple's share price is DOWN $22+ from the year high.

AAPL is DOWN $25+ from the year high.

Loss of 8.6% with 8% inflation is not a good investment.

 

[Jaro65]

AAPL is DOWN $25+ from the year high.

Loss of 8.6% with 8% inflation is not a good investment.

Right, but it depends on what your investment horizon is. The long-term performance has been outstanding.

 

[NY Guitarist]

AAPL is DOWN $31 from the year high.

 

[NY Guitarist]

AAPL is DOWN nearly $53 from the year high.