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Apple Reports 3Q 2022 Results: $19.4B Profit on $83B Revenue
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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.
Sustainable?
Is there really any reason to question this or hope for it?
Do you know a good thing when you see it?
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
Apple today announced financial results for its third fiscal quarter of 2022, which corresponds to the second calendar quarter of the year.
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.
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.
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.
- 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
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!
Steve always had impeccable taste and he definitely chose the right guy to succeed him
Yep. Can’t afford that nice big shiny SUV or VEV, might settle for a flash MacBook or iPhone pro instead.
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.
No, not a typo. As explained before, iPod sales stopped being reported out separately in 2015
That is what the higher share price (in turn fuelled by share buyback) is for. They can sell their stock if and when they decide to cash out.
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.
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.
The best way to see this would be to look at units sold (quantity), not dollar amount.
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.
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.
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.