Actually it’s used everywhere. My old job all the field service techs used them. iPad classic or standard that is. But they were not upgraded yearly so perhaps this is one reason why iPad sales are not as high. People don’t upgrade iPads as often as phones.
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Apple Reports 3Q 2023 Results: $19.9B Profit on $81.8B Revenue
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Revenue doesn’t equal profits. Mac Profits are far higher than iPad. Look they even built their own SoCs to avoid the highest cost which were Intel chips. I would have figured Apple was saving $300 per Mac but they’re charging more not even the same amount.
A lot of iPads are $349 cheapest iPad version sold at Walmart or Target for less. That’s not winning revenue. It’s not the same as Mac revenue which probably nets 60% margins or higher depending on how many extra people buy.
That pie chart of revenue by category ... it's impressive how much services and wearables have grown in a relatively short time.
Everything is still fine, as long as they don’t draw wrong conclusions and start panicking, which leads to bad decision after bad decision and before you know it, Apple is in the 90s again.
I think it'll be a significant upgrade year for a lot of people (myself included). I want a smaller phone than my 12 Pro Max, so 15 Pro it is. I'm also going to re-buy the AW Ultra as the general training platform is heading very much in the right direction and it's probably going to stay on the same platform for a few years from this launch. I'll buy and keep that one and sell my 8 Stainless.
The iPhone mini hasn't been eliminated though. It's still in the iPhone line-up.
You mean it hasn't been updated? Well, the iPhone 14 (and 14 Plus) is just an iPhone 13 in disguise so Apple probably didn't see the point in releasing an iPhone 14 mini.
Unbelievable results, considering the mediocre upgrades across the board and the economic situation across the world, higher net profits, are the only bottom line that matters, but the turn over is unreal 😳
Apple today announced financial results for its third fiscal quarter of 2023, which corresponds to the second calendar quarter of the year.
For the quarter, Apple posted revenue of $81.8 billion and net quarterly profit of $19.9 billion, or $1.26 per diluted share, compared to revenue of $83.0 billion and net quarterly profit of $19.4 billion, or $1.20 per diluted share, in the year-ago quarter.
Gross margin for the quarter was 44.5 percent, compared to 43.3 percent in the year-ago quarter. Apple also declared a quarterly dividend payment of $0.24 per share, payable on August 17 to shareholders of record as of August 14.As has been the case for over three years now, Apple is once again not issuing guidance for the current quarter ending in September.
Apple will provide live streaming of its fiscal Q3 2023 financial results conference call at 2:00 p.m. Pacific, and MacRumors will update this story with coverage of the conference call highlights.
Conference call recap ahead...
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Article Link: Apple Reports 3Q 2023 Results: $19.9B Profit on $81.8B Revenue
The iPad completely, totally owns the tablet market worldwide.
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… yes, if all you are looking at is $$$. As a consumer, I would prefer more choices and significant improvements in quality control. Yes, i know, there is Android and Windows but I am locked into Apple‘s eco-system monopoly … locked in not theoretically, i know, but practically.
I feel like Apple has a TON of juice left and there’s no end in sight, but I do wonder what the future holds for them…
It seems like so many major companies have gone through some kind of huge change in the past couple of years. whether it be mass layoffs, rebranding, merging etc.
but Apple recently… has launched their own Silicon and it’s great. revealed their headset… AppleTV+, MLS… and that’s pretty much it on a major scale.
nothing wrong with their moves, but I’m just curious.
It seems like so many major companies have gone through some kind of huge change in the past couple of years. whether it be mass layoffs, rebranding, merging etc.
but Apple recently… has launched their own Silicon and it’s great. revealed their headset… AppleTV+, MLS… and that’s pretty much it on a major scale.
nothing wrong with their moves, but I’m just curious.
Highly unlikely USB-C will ever drive the sale of anything. no one is going to subject themselves to having to buy all new charging cables for a phone that they bought specifically for a connector that requires all new cables.
Well yeah the Applewatch I see everywhere, HomePods are great and AirPods I see everywhere as well.
What the profit margin shows is they were able to keep the costs of parts at pre-inflation levels, they're unlikely to pull off that trick off again this year.
Prices are going up, it's inevitable!
You have a point, every single product upgraded this year has been skimped on, top engineers & innovators have been leaving Apple for years, replaced by less than average, but with the right profile.
It's not a recipe for long term success. I also suspect there is some very imaginative accounting going on at Apple.
Hope I'm wrong, but something doesn't smell right
It is the yield that goes with it, which is now sub 0.5%/year. It sucks for long time stock holders who can really only reap the rewards of Apple's “prosperity" by SELLING shares. It is debatable how much stock buybacks really help large companies with that many outstanding shares and they seem to be somewhat offset by exercised options of management. At least with a better dividend owners can then decide whether to purchase additional shares (which can also increase the price) or take a gain/profit without have to sell.
/rant
They need to make an iPhone Mini Pro at 5.8" that's the only way it will succeed, I have a feeling when the 16 pros go up in size by 0.2" we may well see an iPhone Mini Pro....At least I hope someone at Apple will finally come to that conclusion
iPhone is obviously carrying this company. There's definite softening on wearables and the iPad. iPad slowdown I think simply relates to the durability of these devices and the fact that they are currently overpowered for most folks' usage. Buy one and it lasts for four years (or more). I think the real product danger lies in wearables. If folks are like me, the Apple Watch has lost its luster. It's boring and everyone has one. Not much of a fashion or rebel statement any longer. On the headphone and earbud side, lots of very good competition out there. I'm about to drop my Airpods Pro for the new Sony WF-1000XM5. I had the M4 until my dog ate it, and I thought I'd try the Airpods. Didn't like them and going back.
The other interesting takeaway is the lackluster -- but steady -- Mac business. The world still loves Windows. Jobs hoped to penetrate that market more, but it looks like he's still not successful against the PC behemoth.
Apple needs something to compliment it's phone business. The VR headset ain't gonna be it. Some may see brightness on these graphs. I see peril...
The other interesting takeaway is the lackluster -- but steady -- Mac business. The world still loves Windows. Jobs hoped to penetrate that market more, but it looks like he's still not successful against the PC behemoth.
Apple needs something to compliment it's phone business. The VR headset ain't gonna be it. Some may see brightness on these graphs. I see peril...
All of what you say is true, however the simple reason is that the debt is so cheap, they make more money on the cash reserves than the debt costs.
Can't live without my Apple Watch however I can live without my iPhone now.