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Apple Reports 4Q 2022 Results: $20.7B Profit on $90.1B Revenue
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4 quarters in a year. Let’s be sensible even if stock analysts are not.
Is it really that valid to prognosticate on such a small thing in a quarter?
I’d say a full year over year comparison matters more
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Agreed. Everything was where I expected with the exception of Services Growth. I’m surprised.
Huh? What are you referring to?
AAPL pays dividends quarterly to shareholders!
"management declared a $0.23 per share dividend payable on Nov. 10, 2022, to shareholders of record as of Nov. 7, 2022."
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Imagine if they moved corporate headquarters to a tax haven country is what I imagined just there.
Some taxes are ok - we need our civilization and society - but 50% is outrageous. Why does the government deserve such an amount?
It's called infla- ah forget it...
It's a reflection of general tech skepticism fueled by AMZN and META, combined with the "bad" Q4 outlook, which will be bad only in comparison with the blowout quarter last year. Apple is doing fine.
If the market "corrects" on Apple like it does on the other tech titans, I will be adding to my position, no questions asked.
That’s the stock market overall. Regardless they are still raking in the profits.
yeah and i'm saying now is a good time since they are 11% down from a 6 month avg.
Given the amount of money they make, it begs the question what they want to do with it. Returning it to shareholders just feeds the capitalist thirst for more profits, while they are already so well-funded one can hardly imagine how to improve things.
Yes and with services. People only have so much disposable income and EVERYTHING keeps spiking. I we have to chooses between Apple Services and food, bye bye Apple. We only have iCloud Storage left now. I actually think services are worse than hardware. The trade in deals are so insane, you barely pay anything for the device, but the services are a monthly drain and keep rising by large amounts.
At least for Pros. That because I'm sure most of Pro users have so much money, they don't know what to do with it.
Up 7% to start the day. I really guessed wrong on this one. 😀 And Amazon down 10%. Crazy markets lately.
They have to pay a tax rate between 21% and 30% on their profits in the US. And as a California corporation, all profits from abroad are subject to US taxes at some time in the future.
That was ridiculous yesterday after hours on CNBC
4 talking heads all talking about how they didn't have AAPL stock any longer and that Apple "missed". MISSED WHAT?
They "Missed" the street number by a fraction. The fraction is less than one days worth of iPhone sales revenue!
Quarter YOY comparisons need to be taken in context, but these guys and gals on TV CNBC are well schooled and sometimes well spoken, but really they show me over and over that they are pushing a narrative more than thinking.
Santelli is good - he things for himself - but he is into 10 year treasuries and so forth - but at least he stands on his own feet! CNBC is great overall, but wow do they ever have an agenda to push a gated institutional narrative false Apple story sometimes. At least Cramer is there to level out their field of experts.
Anyways - woke up this morning and was very pleased to see that the suits were able to digest and realize that Apple had YET ANOTHER RECORD QUARTER.
It used to amaze me that I could see the truth fairly instantly, but got a bit feeling like self-doubt when I see these guys on TV. TV and News is not always real - that's the lesson. Learn something every day.
Grow 11% for 7 years and what do you get? The answer is DOUBLE.
"missed" what?
Analysts prognostications? Ha! They are broke too and still have to work and have someone tell them what to say and think!
Tim Cook - obligated by law not to lie, said Demand is super strong for iPhone 14 Pro and they simply cannot manufacture them quickly enough! Do you understand that or did you miss it I'm left wondering.
Apple had something like 10% year over year GROWTH of iPhone sales on this quarter. It's still very very good!
Estimates are pretty good - I'll admit - and maybe they did miss the "street numbers" - but really I don't much care about those street numbers - if they get close, it's all OK. Think of it. As a business owner, I realize that the tide changes and there are many things that happen through the year affecting business.
I'd say we need to put less weight on "beat" and "miss". Most people won't even look at it.
Some other dude on this forum posted that he was thinking Apple iPhone sales were down! Totally WRONG! But that's the level most human beings operate at - not really thinking or checking if what they think is true or not. My advice is "Don't Believe What You Think". I tell myself that daily too!
Trickle down is real.
People working at Apple have job security etc
Donations are made by Apple sometimes. Likely calculated to win my heart and yours for positive Apple Goodwill.
Green biz practices for the future - carbon neutral by 2030 etc.
Goodness happens more with profits!
You don't even get to have an iPhone without capitalism. Don't forget that! Go back to 2006. No iPhones. The carrot on the stick was money.
That would be true—if large corporations and wealthy individuals actually paid anything at all close to the stated rates. Due to loopholes (heavily lobbied into existence and persistence!) and craftiness, most wealthy corps and individuals pay nothing like even 10%. Some recent estimates I saw were more in the nature of 2-4% for the wealthiest. That is when the number wasn’t ZERO percent.