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

Apple Earnings and Margins Beat as iPhone, Airpods and Watch Revenue Soars

Consumer electronics giant Apple reported better than expected fiscal first quarter earnings Tuesday. Revenue from iPhones rose 8% to $55.97 billion on new models.. Services grew 17% growth to $12.7 billion. $AAPL was cautious going forward with the Coronavirus.

Apple iPhone Shipments Down 35%, Hampered by Tariffs, Competition and 5G

Apple iPhone shipments in China fell a massive 35.4% in November compared to the same time last year, despite a growing smart phone market in China Credit Suisse warned in a note Thursday, This was the second monthly double digit decline for the Consumer electronics giant