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Apple Reports 1Q 2023 Results: $30.0B Profit on $117.2B Revenue Amid 'Challenging Environment'

phill85 said:
Great, time to pick up some shares on the decline after the inevitable knee-jerk response by the “buy high, sell low” crowd 👌
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Your reaction seems exactly a knee-jerk response, typical of the ‘buy low, sell high’ crowd which is good in theory but difficult to achieve in practice. The fact that the the price declined doesn’t mean necessarily that it will go up again soon, not that it is a better investment than other companies. In fact I will be surprised if it performed well in the near future. Apple has very little to offer at the moment, its main source of income (iPhones) is stale and lacks innovation, and it’s App Store revenue will be soon compromised by side loading.
 
macsplusmacs said:
In these times, good job Apple. Now let's see Twitter's quarterly... oh wait. he took it private, Enron does not have to post a report on his $44 billion fiasco.
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What’s the connection? As you said Twitter is a private company, there are no shareholders. Apple has to perform well otherwise shareholders will sell, Twitter has different challenges so it doesn’t have to report anything in public.
 
petvas said:
30 billion dollars profit and everybody is complaining. This world is not normal anymore...
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You seem to lack understanding of the stock market. The value of a company’s shares is heavily affected by what people think of the outlook of a company. Making a profit is not good enough, if the price was high because the market thought the profit was going to grow. If we knew for sure that apple’s profit would stay the same for the next ten years the stock price would probably plummet.
 
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TechnoMonk said:
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.
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I think many are taking your advice, and most products are selling less. For now apple can hide behind production issues, but that won’t float next quarter, and there is no guarantee that if it didn’t have such issues it would have been able to sell more year over year. I think that such underwhelming products were doomed to sell less no matter what.
 
Sales have dropped across the board, only iPad sales are up, that to me instantly shows price increases have made an impact as well as some production issues. And that is not sustainable in the current climate, all Apple are going to do is drive customers away with higher prices, they won’t ‘stretch’ themselves to buy ‘luxury’ goods despite Cooks wishes.
 
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User 6502 said:
Your reaction seems exactly a knee-jerk response, typical of the ‘buy low, sell high’ crowd which is good in theory but difficult to achieve in practice. The fact that the the price declined doesn’t mean necessarily that it will go up again soon, not that it is a better investment than other companies. In fact I will be surprised if it performed well in the near future. Apple has very little to offer at the moment, its main source of income (iPhones) is stale and lacks innovation, and it’s App Store revenue will be soon compromised by side loading.
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The iPhones are more performant than the competition by miles.

Most developers will not use the side loading option because most customers won’t.

The majority of developers do not want to have to process payments and refunds, pay for expensive hosting, pay for marketing, pay for customer support, and fight software pirates around the clock. The majority of customers want a smooth integrated and trusted experience.

Only a few big name developers and some miscreants have been pushing for this, but it is ideological for them and not about making sense.

Some want the ability to scam customers and run with the money. Some want to publish apps without revealing who they are and where they bank (think North Korea using offshore banks). Some want to grab lots of user data. Some want to deliver malware that spreads from contact book to contact book, from phone to phone, creating botnets across mobile devices.

All these things have been attempted already and it’s no secret that desktop computers have experienced these for many years.
 
ian87w said:
This graph shows it all. For those who keep asking "where's the 27" imac?", simply look at this graph. They even have more revenue from services and wearables than mac sales.
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Hopefully Apple doesn't employ too many braindead marketing managers. Guess more than one might conclude from these graphics: "Hey, we'd better stop with those Mac's, we're not making a lot of money with those". As soon as people start to ditch their Mac's I fear the whole house of cards will start to collapse. For instance, I'm only into the Apple eco because of the Mac (and the fenced App Store - I'm not too fond of the ideas regarding 3rd party app stores as it could well lead to some sort of security hell).
 
There hasn’t been much to be excited about to me to buy anything. The phones are well behind competitors in some ways (zoom especially) that will have to improve for me to bother. I’ll put a new battery in first. My wife uses her iPad significantly more than I do so I took her old one and gave her the newer iPad Air I bought. I basically use it for watching videos and browsing. The MBA M2 is nice, but we probably didn’t really need to replace the old laptop as little as we use it. The watch is the same story. I have the AW6 and I could buy a solar Garmin that gives me more useful data for activities than to buy the AW Ultra, or a slew of other multi-sport watches that will cost less.
 
My policy is to reject ALL financial advice from those who are not independently wealthy, debt-free, and retired or works-for-fun. ;)

And my—or your—purchasing preferences only reflect my judgement or yours. AAPL's condensed consolidated statements tell the world's purchasing preferences (https://www.apple.com/newsroom/pdfs/FY23_Q1_Consolidated_Financial_Statements.pdf).

Not that it matters one bit but I finally bought my first "notch" iPhone last quarter, a 13-mini. I love the device but still hate the notch, esp. because my VPN connection does not display on the Home Screen as it does on my 8+ and SE (2nd gen), and iOS 16 has difficulty switching from VPN WiFi to cell service when using CarPlay.
 
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AlanMarron said:
My policy is to reject ALL financial advice from those who are not independently wealthy, debt-free, and retired or works-for-fun. ;)

And my—or your—purchasing preferences only reflect my judgement or yours. AAPL's condensed consolidated statements tell the world's purchasing preferences (https://www.apple.com/newsroom/pdfs/FY23_Q1_Consolidated_Financial_Statements.pdf).

Not that it matters one bit but I finally bought my first "notch" iPhone last quarter, a 13-mini. I love the device but still hate the notch, esp. because my VPN connection does not display on the Home Screen as it does on my 8+ and SE (2nd gen), and iOS 16 has difficulty switching from VPN WiFi to cell service when using CarPlay.
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I have the 12 mini. Lack of VPN display still drives me nuts. After a couple years use, the elements around the notch still feels crowded which makes the notch more annoying. Overall like the phone though. I just wish I had the larger battery like the one you have in the 13 mini.
 
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webkit said:
If Google stopped paying tomorrow, Apple would presumably make another search engine the pre-set default e.g., DuckDuckGo which would give DDG a nice boost.
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Why is that presumable? Google's search quality beats the crap out of every single one of the alternative and its not even close, and again, they are not going to change the default out from under users who are already using it as their default.
 
PauloSera said:
Why is that presumable? Google's search quality beats the crap out of every single one of the alternative and its not even close, and again, they are not going to change the default out from under users who are already using it as their default.
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It's presumable because there would be no $$$$ incentive $$$$ for Apple to make Google search the default anymore. Apple could play up their "we care about privacy" shtick my choosing a search engine like DuckDuckGo which is marketed for its privacy features/benefits.

Whether or not this would change the default of existing users (via an OS update) or would only impact newly purchased devices could depend on how the DOJ case against Google played out.
 
webkit said:
It's presumable because there would be no $$$$ incentive $$$$ for Apple to make Google search the default anymore. Apple could play up their "we care about privacy" shtick my choosing a search engine like DuckDuckGo which is marketed for its privacy features/benefits.

Whether or not this would change the default of existing users (via an OS update) or would only impact newly purchased devices could depend on how the DOJ case against Google played out.
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Agree. Depending on the DOJ, they could purchase DuckDuckGo or go with an Apple developed search engine. There are certainly areas for Apple to monetize if they went this route.
 
Motionblurrr said:
APPLE IS DOOMED crowd crying right now lmao
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“Once the iPhone cash cow is done, Apple is DOOMED with no new products coming!!”
iPad cash cow raises its bovine head. :)

Apple has enough significant products, that any given year can be a “cycle” for one or another while Services continues to shine.
 
Mrkevinfinnerty said:
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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Not the masses… the “masses with money” of which, in the world, they’d only have to sell 5 million in the first year to make it a successful product introduction. They could do that JUST with the US.
 
PauloSera said:
It's weird to me that this is still a thing. If Google stopped paying it tomorrow, its not like Apple is going to change everyone's default search engine.
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Likely just make it so that, with the next update, a user has to choose from a randomized list (a user may see Google at the top, may see Bing at the top). Low risk, low complexity action that most people would just tap “Google” for anyway :)
 
Pezimak said:
Sales have dropped across the board, only iPad sales are up, that to me instantly shows price increases have made an impact as well as some production issues. And that is not sustainable in the current climate, all Apple are going to do is drive customers away with higher prices, they won’t ‘stretch’ themselves to buy ‘luxury’ goods despite Cooks wishes.
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They will, it’s not a stretch to think so. The fact is that there are more people alive now where their first computing experience is some kind of tablet. So, when they look for their next system, they’re looking for an updated tablet, not something where swiping the screen does NOT move things around. :)

It would be like being surprised that mouse driven devices were selling well among those that first used mouse driven computers (and were never as comfortable with the command line).
 
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It's almost like were in a recession and people are prioritizing bills and necessities over a shiny new iPhone this year...
 
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