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Apple today reported its earnings results for the third quarter of the 2022 fiscal year, including revenue of $83 billion and net quarterly profit of $19.4 billion. As usual since the start of the COVID-19 pandemic, Apple did not provide formal revenue guidance for the ongoing quarter, but Apple CEO Tim Cook did help to set expectations.

Tim-Cook-M2-MacBook-Air.jpg

Cook told CNBC's Steve Kovach that he expects year-over-year revenue growth to "accelerate in the September quarter" compared to the June quarter "despite seeing some pockets of softness" in some areas, including digital advertising across its platforms.

Speaking on Apple's earnings call, Cook said Apple is facing a "cocktail of headwinds" affecting its revenue, including a strong U.S. dollar that is expected to cause a foreign exchange headwind of around $5 billion in the September quarter, along with supply constraints and a loss of business in Russia amid its war on Ukraine. Cook said Apple's Wearables, Home, and Accessories category is also facing macroeconomic headwinds.

Apple reported revenue of $83.4 billion in the September 2021 quarter. On average, analysts expect Apple to report $90 billion revenue in the September 2022 quarter, according to data compiled by Yahoo Finance.

Apple's fourth quarter began June 26 and runs through September 24. The quarter has already included the start of orders for the new MacBook Air with the M2 chip, and it will likely include at least a few days of iPhone 14 pre-orders as well.

Article Link: Tim Cook Expects Apple's September Quarter Revenue Growth to Accelerate Despite 'Pockets' of Softness
 
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IsaacM

macrumors 6502a
Jul 8, 2011
503
1,460
Considering they are raising the prices of their top selling products (M2 and upcoming iPhone), I am not surprised.
 
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ticzon

macrumors member
Oct 20, 2010
73
159
Everything has to go up in price. Gas, Food, Computer Chips, etc.

However, we did see a nice pop on the AAPL stock price in after-hours trading. The stock is on track on a full recovery.
 

CarAnalogy

macrumors 601
Jun 9, 2021
4,401
8,040
The stock holders thank you for buying their high margin products. Tim yacht captain also thanks you.

I'll just choose this one of many similar comments to point out that just about anyone can be an Apple stockholder. It's not like you're buying Berkshire Hathaway for $10,000 a share. If you have any retirement savings at all just buy a couple on the dips and it'll probably be the best investment you can make as a casual investor.
 

Graphton

macrumors newbie
Jul 4, 2022
10
16
Boston, MA


Apple today reported its earnings results for the third quarter of the 2022 fiscal year, including revenue of $83 billion and net quarterly profit of $19.4 billion. As usual since the start of the COVID-19 pandemic, Apple did not provide formal revenue guidance for the ongoing quarter, but Apple CEO Tim Cook did help to set expectations.

Tim-Cook-M2-MacBook-Air.jpg

Cook told CNBC's Steve Kovach that he expects year-over-year revenue growth to "accelerate in the September quarter" compared to the June quarter "despite seeing some pockets of softness" in some areas, including digital advertising across its platforms.

Speaking on Apple's earnings call, Cook said Apple is facing a "cocktail of headwinds" affecting its revenue, including a strong U.S. dollar that is expected to cause a foreign exchange headwind of around $5 billion in the September quarter, along with supply constraints and a loss of business in Russia amid its war on Ukraine. Cook said Apple's Wearables, Home, and Accessories category is also facing macroeconomic headwinds.

Apple reported revenue of $83.4 billion in the September 2021 quarter. On average, analysts expect Apple to report $90 billion revenue in the September 2022 quarter, according to data compiled by Yahoo Finance.

Apple's fourth quarter began June 26 and runs through September 24. The quarter has already included the start of orders for the new MacBook Air with the M2 chip, and it will likely include at least a few days of iPhone 14 pre-orders as well.

Article Link: Tim Cook Expects Apple's September Quarter Revenue Growth to Accelerate Despite 'Pockets' of Softness
I like Tim, that is all.
 

terminator-jq

macrumors 6502a
Nov 25, 2012
686
1,386
Not too surprising:

#1) Of course he's going to say that. I mean he's the CEO on a call with investors.

#2) He's probably correct since the September period will include the M2 MacBook Air and possibly the iPhone, Apple Watch and new iPad initial sales wave (depending on when the announcement and launch take place).

That being said, Apple could be in a tough position come Q4 2022 when the recession is expected to really hit (even if they aren't calling it that right now). It will be interesting to see how Apple keeps sales up during this economic downturn.
 

jchap

macrumors 6502a
Sep 25, 2009
586
1,061
What are "macroeconomic headwinds"? I took that to mean that the industries and markets that generally purchase Apple's "wearables, home and accessories" products themselves are changing or volatile markets that are being affected by other factors, thus making it harder for Apple to sell said products. Not sure, though.
 

BuddyTronic

macrumors 68000
Jul 11, 2008
1,879
1,481
..."they expect growth to accelerate in the September quarter...".
Well duh, that's when the new iPhone comes out every year.
Yeah but stating the truth and stating the obvious is absolutely needed in this world or you’ll have analysts twisting Quarterly reports in illogical ways to fit a doom perspective.

When the negative spin “analysts” spew twisted logic I hope there are enough people calling them out
 

BuddyTronic

macrumors 68000
Jul 11, 2008
1,879
1,481
Not too surprising:

#1) Of course he's going to say that. I mean he's the CEO on a call with investors.

#2) He's probably correct since the September period will include the M2 MacBook Air and possibly the iPhone, Apple Watch and new iPad initial sales wave (depending on when the announcement and launch take place).

That being said, Apple could be in a tough position come Q4 2022 when the recession is expected to really hit (even if they aren't calling it that right now). It will be interesting to see how Apple keeps sales up during this economic downturn.

Remind me if we get any recession hitting us in 2022. I’m betting it’s nothing much. Inflation hurts but even that is just fuel and some foods type stuff largely.

No layoffs. Many jobs available. This is something different than “recession” I’d say
 

szw-mapple fan

macrumors 68040
Jul 28, 2012
3,529
4,386
I'll just choose this one of many similar comments to point out that just about anyone can be an Apple stockholder. It's not like you're buying Berkshire Hathaway for $10,000 a share. If you have any retirement savings at all just buy a couple on the dips and it'll probably be the best investment you can make as a casual investor.
Even for stocks worth $400k/share like Berkshire Hathaway’s Class A it’s still pretty easy for anyone to buy some as fractional shares for as little as a dollar.
 
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BuddyTronic

macrumors 68000
Jul 11, 2008
1,879
1,481
What are "macroeconomic headwinds"? I took that to mean that the industries and markets that generally purchase Apple's "wearables, home and accessories" products themselves are changing or volatile markets that are being affected by other factors, thus making it harder for Apple to sell said products. Not sure, though.

Nope. It’s big stuff like currency fluctuations adding small percentages to costs. “Supply chain” inefficiencies and calamities are also macroeconomic headwinds.

Headwinds are like weather. The company cannot control the weather. Sometimes they get tailwinds too!
 

Admiral

macrumors 6502
Mar 14, 2015
392
965
Is it me or is Tim Cook looking more muscular?

The Silicon Valley billionaire lifestyle includes personal assistants, personal chefs, and personal trainers. Tim Cook has just recently eked past billionaire status (but just barely). By the standards of Silicon Valley value destruction, for the life of me I don't understand why Apple shareholders haven't awarded Cook $100-150 billion. He's been berry berry good to us. Tim Apple has presided over an increase in market capitalization from US$345.32 billion on August 1, 2011 (which itself was astonishing) to US$2.4 trillion today after recent market downtrend.

Imagine the muscles if he had $100 billion.
 
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jchap

macrumors 6502a
Sep 25, 2009
586
1,061
Nope. It’s big stuff like currency fluctuations adding small percentages to costs. “Supply chain” inefficiencies and calamities are also macroeconomic headwinds.

Headwinds are like weather. The company cannot control the weather. Sometimes they get tailwinds too!
Interesting. Thanks for that informative explanation. The "headwinds" simile you mentioned comparing it to the weather makes sense now. Largely uncontrollable factors.
 
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