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”
Qualcomm Earnings Falter with Slowdown in Demand for Smartphones and IoT Devices
Qualcomm earnings suffered from a rapid slowdown in demand for smartphones and IoT devices which continued to weigh on QCOM in fiscal 1Q23 (December quarter). We saw this reflected in their revenue miss, but they gave an optimistic outlook for 2H23. The company, like many chip makers has an elevated inventory of OEMs due to sluggish consumer demand and the easing of supply chain disruptions. Apple, which uses QCOM’s modem chips reported a disappointing 1Q23 earnings report that was driven … Continue reading “Qualcomm Earnings Falter with Slowdown in Demand for Smartphones and IoT Devices”
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”
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.
Apple No Forward Guidance and iPhone Sales Disappointing Investors
Consumer electronics giant Apple reported better than expected September quarter earnings Thursday. Revenue from iPhones dissppointed. $AAPL did not other guidance given the COVID-related supply chain and consumer disruptions. Sales in Greater China were weak, down 28% on the year.
Apple Announces 4-for-1 Stock Split as Earnings Soar Despite Covid Disruptions
Consumer electronics giant Apple reported better than expected june quarter earnings Thursday. Revenue from iPhones rebounded. $AAPL revenues increased 11%, despite the COVID-related supply chain disruptions.Apple also announced 4-for-1 stock split