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Apple has announced that it will report its earnings results for the third quarter of the 2023 fiscal year on Thursday, August 3. The report will be available at 1:30 p.m. Pacific Time, and Apple's CEO Tim Cook and CFO Luca Maestri will discuss the results on a conference call with analysts at 2:00 p.m. Pacific Time.

New-Macs-2023.jpg

A live audio stream of the call will be available on Apple's Investor Relations page, and a recording will be available later in the day for replay.

Apple launched three new Macs in the quarter, which ran from April 2 through July 1, including a 15-inch MacBook Air, an updated Mac Studio, and an updated Mac Pro. The quarter also saw the launch of the Apple Card savings account for U.S. residents.

Apple has not provided formal revenue guidance since the start of the COVID-19 pandemic, but analysts currently expect the company to report revenue of around $81.5 billion this quarter on average, according to Yahoo Finance. This would be a decline of around 2% compared to the $83 billion revenue the company reported in the year-ago quarter.

Maestri provided the following commentary on Apple's earnings call last quarter:
We expect our June quarter year-over-year revenue performance to be similar to the March quarter, assuming that the macroeconomic outlook does not worsen from what we are projecting today for the current quarter.
AAPL is trading at around $188 as of writing, as shares approach a 52-week high of $194.48.

Article Link: Apple to Announce Q3 2023 Earnings on August 3 Following New Macs
 
It was very interesting that John (I forget his name) said during WWDC that 100's of thousands of Mac Studios have been sold.

At first, the vibe to me was it was a stopgap for the mac pro.

Now it seems, except for a very slim portion of the market.... it IS the mac pro most had been waiting for.
 
Q3 earnings preview: if you liked us at 23X fwd P/E and single digit rev growth half a year ago, you'll LOVE us at 30X fwd P/E and negative single digit rev growth...at even higher interest rates.

I'll save you the time: I commented that the stock was too high at ~170. Same thinking still applies. I don't own any Aapl directly, and I'm not trying to time it.
 
AAPL pays for all my Apple devices:

 
The main drivers of significant demand are over: remote work, M1, and bright economic outlook. I doubt M3 will bring anything significant in terms of driving sales. The current numbers are about what we should expect from now on.

Mac Pro and Mac Studio are serious content creation machines. The vast majority of consumers buy MacBook Air and that product alone likely outsells the desktops several thousand to one.
 
It was very interesting that John (I forget his name) said during WWDC that 100's of thousands of Mac Studios have been sold.

At first, the vibe to me was it was a stopgap for the mac pro.

Now it seems, except for a very slim portion of the market.... it IS the mac pro most had been waiting for.
Nah. The Studio is the Studio, a beautifully engineered new box at a very important place in Mac product positioning. I would own one, but it took so long for the M2 Studio to arrive that I got an M2 MBP.

Mac Pro indeed got a stopgap upgrade, very useful to some but not yet the real thing. My expectation is that Apple will use the higher transistor densities of M3 to wow us with the next Mac Pro iteration. Probably some more chip architectural tricks to appease the folks who need lots of RAM. And substantially more graphics capability should be pretty straightforward on the ~3nm process.

Even though any version of MP is far beyond my needs, I will be very excited to see what the outstanding Apple engineers can build into the M3 MP.
 
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Sales of the 15-inch MacBook Air alone could probably carry the stock price up to paradise :p
Apple doesn't break down sales in any kind of granular way, but they do report by product division.

Hate to throw cold water here, but if you total all Mac sales, and also add in iPad, AirPod, HomePod, Apple TV and Apple Watch sales, that still gets you to well under half as much as they make on iPhones. Also all that non-iPhone stuff barely exceeds what they earn through Services.

You hear a lot of people on here acting like some Mac decision is going to make or break Apple, but the fact is, Macs are really a tiny slice of the pie (about 7.6%, to be precise). And any one Mac model is just a footnote of a footnote. We should probably all stop acting surprised when the pace of Mac hardware development isn't as fast as we wish it was, or some wish list item Mac fans have never materializes. $7.17B is a lot of money, but you have to put it in context.

Screenshot 2023-07-10 at 3.08.34 PM.png
source: https://www.apple.com/newsroom/2023/05/apple-reports-second-quarter-results/
 
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My expectation is that the 2023 Mac Studio Pro is the last of its line.

I think it will see regular SoC updates in line with the Mac Studio. I believe this is why Apple recycled as much as they could from the 2019 Mac Pro (chassis, power-supply, I/O card[?]) to keep the R&D costs to a minimum so they could justify regular upgrades even with six-figure annual sales rates...


Agreed! I’m not exactly sure what was Apple thinking. 🙄

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One could argue they were thinking of Mac Pro categories that would be left behind when the line went to Apple Silicon and it's inflexibility with things like large memory pools or multiple dedicated GPUs.
 
I have a strong feeling that Mac Pro is not selling well.
I don't think it will nor is it really meant to. One opinion I've seen a lot online that seems to make sense is that it's kind of a "we're still in this market" holdover device for whatever reason, like maybe there until Apple has made more progress with their chips or has more success with Apple Silicon working with external devices.

At the very least it's such a niche device it wouldn't move sales anyway. I am really curious about what the Mac Pro market share has been like since its introduction. Are these actually being used by studios or whatever like I always see claimed on these forums?
 
I will probably hold off updating any of my Apple machines as long as possible. Currently Apple does not deserve any of my money. My guess is work will update my laptop way before I decide to update from the 7,1 which is my machine.

Hindsight I should have just kept moving forward with my Hackintosh.
 
To shaft users who have been waiting forever for a professional workstation only to be blindsided by the announcement that everything was switching to Apple Silicon. Oh well, still very happy with my 7,1.
Users who have been waiting forever for an Apple version of some uber hot furnace of Intel components should have thought things through more carefully. That build-a-hot-Intel-box field is already very competitively serviced, and is not a market Apple should expect to overperform in moving forward.

Better that Apple works on newer, better Mac Pro solutions using its own SoC. Every product below the Mac Pro level (i.e. 90+% of personal computer sales) is now ruled by Apple's M2 boxes. Some think Apple will give up on Mac Pro but I think they just have not gotten there yet.
 
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Interested in hearing how the Mac Pro specifically performed, given how much they seemed to have shafted it for the sake of Silicon
Will any stats be meaningful? Was only a month ago the AS Mac Pro was announced? Same for 15" MBA and M2 Ultra based Studio Macs. Perhaps a slight tick upwards against Macs would be a good omen. The next quarter involves a lot of sales, (aka education) and hopefully shows much better revenue. Also not known is how how Mac revenue is doing now that China production lines are more active?
 
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