A $3000 mixed reality headset that can act as a display for your $3000 mac should get the masses spending again 
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Apple Reports 1Q 2023 Results: $30.0B Profit on $117.2B Revenue Amid 'Challenging Environment'
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Quite bad. Thankfully the (reviled by the blindfolded) iPad saved the day a bit. Hopefully this leads Apple to improve the iPad as a tablet and not as a Mac-wannabe.
About $50B at present. From https://www.macrotrends.net/stocks/charts/AAPL/apple/cash-on-hand:
Apple cash on hand from 2010 to 2022. Cash on hand can be defined as cash deposits at financial institutions that can immediately be withdrawn at any time, and investments maturing in one year or less that are highly liquid and therefore regarded as cash equivalents and reported with or near cash line items.
- Apple cash on hand for the quarter ending September 30, 2022 was $48.304B, a 22.89% decline year-over-year.
- Apple cash on hand for 2022 was $48.304B, a 22.89% decline from 2021.
- Apple cash on hand for 2021 was $62.639B, a 31.12% decline from 2020.
- Apple cash on hand for 2020 was $90.943B, a 9.56% decline from 2019.
Yes. Quite shocked they did so well considering the current environment.
* 20,535 million USD cash and cash equivalents
* 114,095 mio USD marketable securities
https://www.apple.com/newsroom/pdfs/FY23_Q1_Consolidated_Financial_Statements.pdf
There are companies who would like to make a tenth of that revenue in 10 years. Good going Apple. These are tough times for many.
I don’t get this argument. Don’t buy if you think Apple prices are high for marginal improvements. Apple isn’t putting a gun on people head and forcing them to buy.
Look up the word accountability and self control.
Forgot to add the 30,820 mio USD short term marketable securities
too much cash in fact. very low risk in their investing
Better than I was expecting. No layoffs yet either. 2023 will be interesting.
I’m not sure what argument you think I’m making. What I’m saying is that Apple’s success means that their pricing will remain high and that they have little pressure to improve their product quality, which in recent years has been increasingly lacking in the software department.
Don’t worry, I don’t buy if I don’t think it’s worth it.
except they didnt break any records, in fact they made less, it pays to read the article first 🤣
TheYayAreaLiving 🎗️
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It's not always about breaking the records. So what if they made less, there is still profit and revenue Apple generated.
As others have pointed out, it's kind of funny that a 5% decrease YoY is still $30 billion in profit. I'll tell you one thing -- I'd love to own a business where a bad quarter is still $30 billion!
Isn’t everything about GROWTH GROWTH GROWTH nowadays? It’s so ridiculous to me like what’s so bad about being steady? As long as u make money
you can definitely tell Cook is a supply chain genius. The low inventory amount is pretty nice. apple has great Working Capital management
TheYayAreaLiving 🎗️
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They had one software engineer that was working in Cupertino, California and he is no longer there. Desperation is setting in.
All jokes aside, the Hardware and Software team need to collaborate and communicate together. Pretty sure everybody called it when Apple introduce Stage Manager on iPad/mac OS.
When I read comments that imply, "I could do a better job steering Apple," I wonder how much skin the poster has in the game. How many shares?
I am v-e-r-y long AAPL, and am still pleased with the company's performance. Bravo, Mr. Cook.
I am v-e-r-y long AAPL, and am still pleased with the company's performance. Bravo, Mr. Cook.
Services includes 30% of every game IAP. That’s where most of the services money comes from.
Did you listen to Mr. Cook's comments at the beginning of the conference call?
One should also remember about Apple debt which is at $132.5B
Why do you bring up Twitter in a news article that doesn’t mention it at all?
Can you show on the doll where did Elon hurt you?
I’m very confused. Very impressive and never fails to disappoint are contradictory and people still liked it