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The biggest downtick was Mac, down about a $1 billion. Everything else stays about the same as Q3 2022.
I am not sure if that lame base M2 is going to help. This also speaks about what Apple may try do to with the upcoming M2 base models of the 14" MacBook Pros to get that upgrade.

Tim Cook explained it though - they have customers waiting to buy, but did have some issues producing enough. “Supply Constrained”. Read what they said and you’ll see.
 
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Tim Cook explained it though - they have customers waiting to buy, but did have some issues producing enough. “Supply Constrained”. Read what they said and you’ll see.
Yes, true and the numbers do not reflect just released products like the M2 MacBook Air.
 
It’s scary to see Apple so dependent on cell phone sales. Nokia, Ericsson and Motorola were like that once. I hope, for the stockholder’s sake, that they are looking at new markets to tap into. Maybe embedded processors that run on other companies’ systems, along with the software to integrate them.
 
It’s scary to see Apple so dependent on cell phone sales. Nokia, Ericsson and Motorola were like that once. I hope, for the stockholder’s sake, that they are looking at new markets to tap into. Maybe embedded processors that run on other companies’ systems, along with the software to integrate them.

It’s not scary.

Was it scary that Ford made a company dependent on a horseless carriage?

Did anyone think Ford should diversify?

Embedded processors ideas don’t resonate much. But I’m glad you care so much about stockholders. Start a petition and you can be the new CEO of Apple
 
Caught Biden's syndrome by any chance?



When a conspiracy theorist meets their favorite midget ex-KGB dictator

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Apple today announced financial results for its third fiscal quarter of 2022, which corresponds to the second calendar quarter of the year.

aapl-3q22-line.jpg

For the quarter, Apple posted revenue of $83 billion and net quarterly profit of $19.4 billion, or $1.20 per diluted share, compared to revenue of $81.4 billion and net quarterly profit of $21.7 billion, or $1.30 per diluted share, in the year-ago quarter.

Gross margin for the quarter was 43.3 percent, according to Apple CFO Luca Maestri. Apple also declared a quarterly dividend payment of $0.23 per share, payable on August 11 to shareholders of record as of August 8.

aapl-3q22-pie.jpg

iPhone and Services revenue achieved June quarter records, while Mac, iPad, and "Wearables, Home, and Accessories" revenue was down.

A category-by-category breakdown of Apple's Q3 2022 revenue is outlined below.
  • iPhone: $40.6B, up from $39.5B in year-ago quarter
  • iPad: $7.2B, down from $7.3B in year-ago quarter
  • Mac: $7.3B, down from $8.2B in year-ago quarter
  • Wearables, Home, and Accessories: $8.0B, down from $8.7B in year-ago quarter
  • Services: $19.6B, up from $17.4B in year-ago quarter
Apple CEO Tim Cook:As has been the case for over two years now, Apple is once again not issuing guidance for the current quarter ending in September.

A recap of Apple's fiscal Q3 2022 financial results conference call can be found below.
Click here to read rest of article...

Article Link: Apple Reports 3Q 2022 Results: $19.4B Profit on $83B Revenue

iPhone revenue is now less than half of revenue! 49%. But hey it’s still less than half! Those analysts I don’t like should take note and get back to work!
 
Amazing how thin these categories were around 2010 and yet they were already billions of dollars.

aapl-3q22-line-1.jpg
aapl-3q22-line.jpg
 
Apple is also printing new money for the fall called the iPhone 14. Even if they are watering down some models, it’s gonna sell like hotcakes. Just like some people need their emotional animals, some people need their emotional
iPhone upgrades to help them escape the bad stuff happening in the world.
Yep. Can’t afford that nice big shiny SUV or VEV, might settle for a flash MacBook or iPhone pro instead.
 
OK I'm probably just dumb but can someone explain why the iPod part of the graph is above the Mac part of the graph? Am I reading this correctly that the iPod still outsold the Mac in terms of revenue right up until 2015, at which point revenue seems to have stopped for the iPod entirely?

That seems crazy.
I think it is a Typo. iPad?
 
Services revenue is where it is at. Just like the phone company continuous revenue month after month until they buy their next phone, watch or computer.
 
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I gotta hand it to Apple and Tim Cook.
I have some complaints about their current product line, and some of the design and features. I liked the company much more with Scott Forstall, and mostly feel they're coasting on the things Steve Jobs had on the board when he died. I love my "Best Laptop Ever Made" 2015 Macbook Pro with all its ports that I am hesitant to give up, and scratch my head at things like removing headphone jacks and innovative and popular inventions like Magsafe.

But what they have been able to do with sales and profits since Steve's era is impressive. No, it's not the same company, never will be. Jobs was a once in a lifetime kind of guy, and I can't say I've watched a single product announcement since he left.

But the Apple Watch, Apple Music, Apple Silicon, and getting people to buy the insanely priced Mac Studio--it's all been success after success. I'm not sure Jobs envisioned Apple transitioning to their own CPUs. If not, then Tim Cook deserves even more credit. What they have done is revolutionary, and is probably the first nail in the coffin for Intel.

Their revenue is triple what it was a decade ago! That is just crazy!
I thought I had missed the time to buy Apple stock years ago under Steve. Oh well.
 
Apple never misses do they?

Meta down in revenue, Microsoft and Google missed, Intel posted a net loss (!) but Apple is still going strong. Only down on Mac, and they say it's supply issues- the Shanghai manufacturing was shut down awhile. Apple is a beast. Incredible company.
 
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Still surprised that iPad sales are so high - it's my least used Apple device, and still primarily a consumption device in my eyes. I know people are using it for more than that, but still such an awkward compromise between a smartphone and a computer.
Computers have always been consumption devices for the vast majority. Email, games, videos, pictures, browsing, all pretty much consumption activities. And, since that’s what most people do, it stands to reason that the least expensive device that “does” that will be the one with the largest unit sales. That’s why we see unit sales of the iPad double that of the Mac. And, for those buying Macs, the majority of those are consumption devices as well.
 
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