Tag: Financials

From Apple News:

Apple today announced financial results for its fiscal 2024 third quarter ended June 29, 2024. The Company posted quarterly revenue of $85.8 billion, up 5 percent year over year, and quarterly earnings per diluted share of $1.40, up 11 percent year over year.

Quarterly revenue of $85.8 billion sets a new record for a third quarter reporting. The third quarter is traditionally Apple’s quietest time of year for earnings.

Throughout the call the executives hailed “Apple Intelligence” as an exciting headwind moving into future earnings reports.

Here are the Six Color Charts.

Thursday’s press release from Apple Newsroom:

CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2024 second quarter ended March 30, 2024. The Company posted quarterly revenue of $90.8 billion, down 4 percent year over year, and quarterly earnings per diluted share of $1.53.

The three month year over year from Apple’s consolidated statement:

Despite earning less, the stock price jumped 6% on the news.

See the Six Color Charts.

Apple News:

Apple today announced financial results for its fiscal 2023 first quarter ended December 31, 2022. The Company posted quarterly revenue of $117.2 billion, down 5 percent year over year, and quarterly earnings per diluted share of $1.88.

Breakdown per category:

• iPhone: $65.775 billion (down 8% YoY)
• Mac: $7.735 billion (down 29% YoY)
• iPad: $9.936 billion (up 30% YoY)
• Wearables, Home & Accessories: $13.482 billion (down 8% YoY)
• Services: $20.766 billion (up 6% YoY)

Sixcolors has the charts.

From Apple Newsroom:

CUPERTINO, CALIFORNIA OCTOBER 27, 2022 Apple today announced financial results for its fiscal 2022 fourth quarter ended September 24, 2022. The Company posted a September quarter record revenue of $90.1 billion, up 8 percent year over year, and quarterly earnings per diluted share of $1.29, up 4 percent year over year. Annual revenue was $394.3 billion, up 8 percent year over year, and annual earnings per diluted share were $6.11, up 9 percent year over year.

Here’s the breakdown of the numbers with year over year change.

Prices are up world-wide, supplies are constrained, and exchange rates are fluctuating. These are big factors on Apple’s bottom line, nevertheless these numbers are great! Being up 8% year over year on Total Net Sales would be a great report even if the global economy was not distressed.

Check out the Six Color Charts.

Tim Cook, on his earnings call earlier today:

Apple is proud to report another record quarter with a March quarter revenue record of $97.3 billion, up 9% from a year ago and better than we anticipated. iPhone, Mac, and Wearables, Home and Accessories had their best-ever March quarter, and services set an all-time record on the strength of subscription growth over the past year.

Jason Snell, Six-Colors:

Apple’s fiscal results are out. The company generated $83B in revenue. Compared to the year-ago quarter, Mac sales were down 10%, iPad sales down 2%, iPhone up 3%, Services up 13%, and Wearables down 8%.”

Services have been a big part of Apple’s strategic plan over the last few years and they are reaping the rewards. According to chief financial officer, Luca Maestri, Apple now has over 860 million subscribers across its iCloud, AppleTV+, Apple Music, Apple News and other services.

MacRumors:

Speaking during Apple’s third-quarter earnings call, Maestri said Apple has over 860 million subscribers, which is an increase of 160 million over just the last 12 months. Apple does not provide a breakdown of subscribers counts per service, but Maestri said growth was strong in offerings like Apple TV+ and Apple Arcade.

Mac sales might have slumped during this quarter compared to last year at this time, but it was last year’s third quarter where so many more people jumped into buying new MacBooks because of the pandemic and as well because of the long awaited arrival of Apple silicon. I’ve been using the M1 MacBook Air since it came out, and typing on this new M2 MacBook Air that arrived earlier today, I’m convinced ¹ this one is going to sell even better than the M1.

1. Disclosure: I own shares of AAPL. Also, this is not investing advice, I’m just excited about my new computer and for the company.[↩]

Apple:

Apple today announced financial results for its fiscal 2022 first quarter ended December 25, 2021. The Company posted an all-time revenue record of $123.9 billion, up 11 percent year over year, and quarterly earnings per diluted share of $2.10.

Great news for Apple. The company made a record $34.6 billion in profit. Tim Cook is still almost apologetical as he explains how well the company has done during the pandemic.

Here’s the breakdown of the numbers with year over year change.

Check out the Apple Earnings Charts from Jason Snell at Six Colors.

Apple released it’s second quarter earnings today and blew out even the most exuberant expectations with revenue reaching a record $89.6 billion, up 54 percent year over year. The results were fabulous across the board.

What a great quarter. Particularly iPad and Mac were very, very strong. Just look at Mac alone — the last three quarters have each returned record earnings. Sales looking forward are predicted to be supply constrained rather than demand constrained.

More details of their earnings can be found in Apple’s Fiscal Year 2021 Second Quarter Consolidated Financial Statement.

Check out the charts at Six Colors.

Apple released their first quarter earnings today and it was great news for the Cupertino lifestyle company¹.

The company posted all time record revenue of $111.4 billion, up 21% year-over-year, and quarterly earnings per diluted share of $1.68, up 35%.

Net sales by category in the three months ending December 26, 2020 compared with the three months ending on December 28, 2019:

• iPhone $ 65 597 000 up $9 640 000 (17% growth year over year with an all-time high of 1 billion devices activated)
• Mac $8 675 000 up $1 515 000 (Up 21% compared to last year)
• iPad $8 435 000 up $2 458 000 (Surveys measure iPad users with 94% satisfaction)
• Wearables, Home and Accessories $12 971 000 up $2 961 000 (75% of customers this quarter are new)
• Services $15 761 000 up $3 046 000 (New services are all helping this category)
• Total Net sales $111 439 000 — Up $19 620 000

This is fantastic news for shareholders. Apple continues to show strong growth in all of it’s categories. The details of their earnings can be found in their First Quarter Results.

Update: As always Jason Snell has the graphs.

1. Poor Intel