Apple Earnings and Revenue Higher Than Consensus, All Time High Services Income

Consumer electronics giant Apple reported better than expected EPS and revenue for the fiscal second quarter ended March 31 Thursday. Apple posted quarterly revenue of $94.8 billion, down 3% year-over-year and earnings-per-share came in at $1.52, unchanged year-over-year. Both ahead of analysts who were anticipating revenue of $92.96 billion and earnings-per-share of $1.43. Apple’s biggest driver of revenue, the iPhone, posted a quarterly record. Services posted a new all-time high revenue. Excitement is building for the launch of Apple’s AR/VR … Continue reading “Apple Earnings and Revenue Higher Than Consensus, All Time High Services Income”

Apple Sales Hampered by Strong Dollar, China Production and Macro Economy

Consumer electronics giant Apple reported worse than expected EPS and revenue for the fiscal first quarter ended Dec. 31 Thursday. Apple’s overall sales for the quarter were about 5% lower than last year’s and were the first year-over-year sales decline since 2019. Apple’s biggest driver of revenue, iPhone sales missed expectations of $65.78 billion vs. $68.29 billion estimated, down 8.17% year-over-year. The key services segment sales beat with $20.77 billion vs. $20.67 billion estimated, up 6.4% year-over-year. Apple CEO Tim … Continue reading “Apple Sales Hampered by Strong Dollar, China Production and Macro Economy”

Apple Revenue and Profit Beat but Impacted by High US Dollar

Consumer electronics giant Apple reported better than expected EPS and revenue for the September quarter earnings Thursday. Apple’s biggest driver of revenue iPhone sales however missed expectations of $42.63 billion vs. $43.21 billion forecast. The key services segment sales also missed with $19.19 billion vs. $20.10 billion estimated. $AAPL stock fell to 144.00 -0.80 or -0.55% in after-hours trading. Apple did not provide official guidance for its first fiscal quarter, which ends in December which contains Apple’s biggest sales season of the … Continue reading “Apple Revenue and Profit Beat but Impacted by High US Dollar”

Apple Revenue and Profit Beat with Higher iPhone Sales and Gross Margins

Consumer electronics giant Apple reported better than expected EPS and revenue for the June quarter earnings Thursday. AAPL suffered an almost 11% decline in profit hurt by supply constraints and shutdowns in China. Despite this Apple’s biggest driver of revenue iPhone sales continued to grow despite economic challenges. iPhone revenue rose 2.8% to a fiscal third-quarter record of $40.67 billion, while analysts had expected a 2.5% drop. $AAPL stock rose by more than 3% in after-hours trading. Apple (NASDAQ: $AAPL) … Continue reading “Apple Revenue and Profit Beat with Higher iPhone Sales and Gross Margins”

Apple Stock Jumps 7% After Earnings Respond Strongly to Supply Constraints with Record iPhone Sales

Consumer electronics giant Apple reported better than expected EPS and revenue December quarter earnings Thursday. iPhone revenue, boosted by the launch of iPhone 13, climbed 9% yr/yr to an all-time record of $71.6 bln, despite supply constraints. The biggest growth category was Mac with revenue up 25% yr/yr to $10.9 bln, also an all-time record amongst a supply crisis. $AAPL stock rose to $170.33 up 11.11 or 6.98% after the release. Apple (NASDAQ: $AAPL) Reported Earnings After Close Thursday  $2.10 Beat … Continue reading “Apple Stock Jumps 7% After Earnings Respond Strongly to Supply Constraints with Record iPhone Sales”

Analyzing Apple’s Ascent To All-Time Highs

We go through “That Apple Trade”. Apple has gone from $150 to $180 in very quick time. $AAPL is just 2% shy of a $3 trillion company with 30% in a matter of weeks. The trade had set up perfectly, a perfect storm of both the KnovaWave methodology and the crowd psychology buttons coupled with our Option Delta and Gamma levels around key targets. We walk through the different aspects of this trade in this week’s podcast. Enjoy commentary from … Continue reading “Analyzing Apple’s Ascent To All-Time Highs”

Apple Hit By Slowing Demand, Tells Suppliers iPhone Orders Slowed

Apple, who saw it’s stock hit record highs today over $170 is being reported as suffering from slowing demand.  Bloomberg is reporting AAPL has told its component suppliers demand for the iPhone 13 lineup has weakened, people familiar with the matter said. The supply crunch has seen some consumers giving up on the wait apparently. Apple at it’s last earnings report cut it’s iPhone 13 production goal for this year by as many as 10 million units, down from a target … Continue reading “Apple Hit By Slowing Demand, Tells Suppliers iPhone Orders Slowed”

Apple Earnings Another Record But Misses Expectations Due To Supply Constraints Costing $6 Billion

Consumer electronics giant Apple reported weaker September quarter earnings Thursday. iPhone sales increased nearly 47% BUT chip supply constraints impacted iPhones and iPads this quarter.Tim Cook says supply issues cost company $6 billion.

Apple Earnings Soar With iPhones Sales up 50% BUT Chip Supply Constraints Overhang iPhones and iPads

Consumer electronics giant Apple reported strong June quarter earnings Tuesday. All Apple’s major product lines grew over 12% on an annual basis. iPhone sales increased nearly 50% BUT chip supply constraints could impact iPhones and iPads this quarter.