Apple Reports 2Q 2023 Results: $24.1B Profit on $94.8B Revenue, New March Quarter Record for iPhone Revenue

[DotCom2]

Waiting to see what the stock is going to do tomorrow. It's up right now over 2% in after hours.

 

[QCassidy352]

Their financial numbers are mind-boggling. They lost a few billion dollars. And yet they expected that, and they can deal with it, since it's "only" three percent. Interesting that iPhone sales grew as a percentage of their sales. I thought they would have continued to shrink their reliance on that.

I was stunned by their paid subscriber numbers. Next quarter they'll probably hit 1 billion!

Had to read this one twice. They didn’t “lose” a few billion dollars - revenue declined by a few billion. They still made an enormous amount of money.

 

[DotCom2]

Yep.

Hat tip to Tim Cook recognizing years ago hardware would eventually get to a performance level causing people to hold out longer on updates. While services continue to grow and help fill the gap.

Yep and Yep. Smart thinking going into services.

 

[DaveN]

APPLE IS DOO--

I was actually hoping for a miss so I could do a bigger Roth conversion. Oh well, I took a gamble. Either way, I’m ahead.

 

[wilhoitm]

Another Record Quarter for Apple! When can we get another stock split?

 

[MistrSynistr]

You want them to do poorly so they begin to innovate again and give us features we want that don’t mean we have to get the top model. Their pricing has to change drastically. It’s out of control.

 

[monstermash]

You want them to do poorly so they begin to innovate again and give us features we want that don’t mean we have to get the top model. Their pricing has to change drastically. It’s out of control.

They are virtually printing money. They do not need to lower prices.

 

[monstermash]

mavenroundtable.io/theintellectualist/news/stock-buybacks-were-once-illegal-why-are-they-legal-now

"Buybacks were illegal throughout most of the 20th century because they were considered a form of stock market manipulation. But in 1982, the Securities and Exchange Commission passed rule 10b-18, which created a legal process for buybacks and opened the floodgates for companies to start repurchasing their stock en masse."

Right. But why should it be illegal?

 

[Glideslope]

Better than I expected. Services growth is impressive indeed. Well done to the Executive Team during tumultuous times.

The Assimilation Continues.

 

[Isengardtom]

And most importantly many people with M1 Macs are already satisfied with their performance.

Yes, I’m still very happy with my M1 iMac. It’s a great fast Computer

 

[jjudson]

Agreed! When it comes to money it's impossible to outsmart Tim Cook.

And therein lies the problem...

 

[cpnotebook80]

People do not need a new device every year. The longetivity of current products showcases the quality in the construction of these devices and how well the OS just works and people are happy which is a good thing but also bad if you want ppl to change the devices often. However, with M3 and iphone 15, maybe will see a change on the net positive growth in next quarter or year. I still have few generations of iPads and mac laptops which still work.

 

[7149041]

Mac sales falling. Maybe they need to revisit their pricing.

I think it might be related to the economy + people (like myself) staying on Intel to see what the M stuff brings. Some of us aren't eager to be early adopters. I'm still on 2019 Macs because of that.

 

[inkswamp]

iPod sales? What? I didn't even know they still sold them.

Yep. You get one free with every Newton you buy.

 

[gund1234]

M2 isn't convincing enough and M1 is still strong in terms of performance.

Even with of M3, people will ask, "what can I do with M3 that I can't do with M1?"

M1 MacBook Air can do everything that 95% of the people do every day at Work and Home.
M4/M5 are not going to change that.

 

[monstermash]

M1 MacBook Air can do everything that 95% of the people do every day at Work and Home.
M4/M5 are not going to change that.

My 2012 MacBook Pro does everything I need it to do.

So does my 2014 Mac Mini.

 

[gund1234]

Remember folks, these companies keep having record profits and even their margins are going up. Remember this when they increase prices because "inflation." Remember this when they say they're doing hiring freezes or letting some people go.

Inflation isn't real in the sense that it's something that is ethereal that is just happening to us. The price is always what the companies say it is. Push back. We need price gouging laws for this crap. And Apple isn't even close to being the worst offender here. Just pointing it out in a relevant thread. There are definitely other companies abusing this. It's time to call out more companies on their blatant BS lies and deceit. We're out here as the working class getting raises that are a fraction of inflation and yet the demon billionaires are hoarding wealth like Smaug.

Shareholders want increase in profits, companies will do anything and everything to increase profits.

 

[FightTheFuture]

I think it might be related to the economy + people (like myself) staying on Intel to see what the M stuff brings. Some of us aren't eager to be early adopters. I'm still on 2019 Macs because of that.

Me too, but don't check eBay listings on 2019 Macs. Intel isn't holding up well.

 

[t76turbo]

Remember folks, these companies keep having record profits and even their margins are going up. Remember this when they increase prices because "inflation." Remember this when they say they're doing hiring freezes or letting some people go.

Inflation isn't real in the sense that it's something that is ethereal that is just happening to us. The price is always what the companies say it is. Push back. We need price gouging laws for this crap. And Apple isn't even close to being the worst offender here. Just pointing it out in a relevant thread. There are definitely other companies abusing this. It's time to call out more companies on their blatant BS lies and deceit. We're out here as the working class getting raises that are a fraction of inflation and yet the demon billionaires are hoarding wealth like Smaug.

LOL 'We need price gouging laws for this crap'

You MIGHT have a point if you were talking about food prices or maybe gasoline. But on luxury items like high end cell phones or high end computers?????


Come on.

 

[Lounge vibes 05]

Of course. I am still standing by my opinion that if Mac wasn’t necessary for development, Apple would have killed it. ARM transition is the swan song and last impressive thing Apple has to offer to Mac fans.

Music hasn’t stopped, but right now we are listening to finale of Mac overture.

Although to be fair, with more and more doors in the iPadOS walled garden being forced open (sideloading, third-party payment platforms), plus the recent rumors of 14 inch + iPads, I don’t think the Mac like experience will be going anywhere.

 

[Serqetry]

I regret getting a MacBook. There is like no 3rd party apps and I find it so confusing coming from Windows.

Apparently so confusing that you can't find any of the thousands of 3rd party Mac apps out there. I'm only aware of a handful of Windows programs that don't have a Mac version or a good Mac alternative, unless you are talking about games.

 

[corinthos]

Apple needs folding iPhones, AR/VR, and M3 stat!

 

[corinthos]

I regret getting a MacBook. There is like no 3rd party apps and I find it so confusing coming from Windows. If they ever come out with a 14" iPad I would get rid of this MacBook and I think a lot of folks will abandon MacBook for an iPad.

Point being MacBook may be on the decline for the future.

How will getting an iPad solve the no 3rd party apps problem? The thing with Apple is it works alright for those who are willing to do things the Apple way and live with the limitations/restrictions.

 

[monstermash]

Apple needs folding iPhones, AR/VR, and M3 stat!

Why?

 

[bushman4]

Lets give Tim Cook some credit for a great quarter, He deserves it,