Back to Blog
Earnings calendar iphi7/4/2023 ![]() Trading CFDs involve a high degree of risk and investors should be prepared for the risk of losing their entire investment and further amounts. CFDs are distributed in Canada by CMC Markets Canada Inc. is a member of the Investment Industry Regulatory Organization of Canada and a member of the Canadian Investor Protection Fund. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.ĬMC Markets Canada Inc. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. On a side note, Apple benefited from the recent banking turmoil after launched its new banking service and a new savings account with a 4.15% interest rate, seeing inflows of almost $1bn in the first days of launching with 240k accounts signing up to the service, although you need to have an Apple credit card to qualify.ĭisclaimer: CMC Markets is an order execution-only service. The Americas were the one area of disappointment with revenues of $37.78bn, a big drop from last year’s $40.89b, a more than 7% decline. On a regional basis the Rest of Asia Pacific was a notable outperformer seeing revenues of $8.12bn, an 18.55% beat on forecasts, as well as a big jump from last year with India driving a lot of the gains. IPad revenues were $6.67bn more or less in line with forecasts, with Apple announcing another $90bn of buybacks and increasing the dividend to $0.24c a share. Wearables, which include the Watch, returned $8.75bn, also coming in above expectations, while Mac revenues saw a big drop from last year’s $10.4bn, and also fell 7.4% short of forecasts at $7.17bn. IPhone revenues led the way with $51.33bn, comfortably ahead of forecasts, and a record for Q2, while services revenue only saw a modest improvement to $20.9bn, also a record number, although it did come up short of consensus. Last night’s Q2 numbers saw revenues and profits beat expectations, coming in at $94.84bn, down from last year's $97.3bn, while profits came in at $1.52c a share. This was the second quarter in succession Apple had been unable to grow its revenues, the first time this has happened since 2016, but the fall of 3% was below the 5% Apple predicted when they reported in Q1. It’s also notable that Apple has been one of the few tech companies that hasn’t announced widespread job cuts, and last night’s Q2 numbers once again pointed to another strong quarter, even though revenues still declined from the same period last year. ![]() For more on Apple’s (AAPL) earnings report, and all of this week’s other financial news, Shacknews has you covered.The Apple share price hit its highest levels since August earlier this week and looks set to open higher when US markets reopen later today, as it continues to set itself apart from the wider market turmoil being seen elsewhere. This quarter, Apple also announced that it’s adding $90 billion to its stock buyback program. The financial statement PDF reveals that most of Apple’s products, including Macbooks and iPads, were down in year-over-year comparisons. “We continue to invest for the long term and lead with our values, including making major progress toward building carbon neutral products and supply chains by 2030.”Īpple setting a new record for Q2 iPhone sales is quite significant, as this was likely the driving force behind the company beating expectations. “We are pleased to report an all-time record in Services and a March quarter record for iPhone despite the challenging macroeconomic environment, and to have our installed base of active devices reach an all-time high,” said Tim Cook, Apple’s CEO. Company leadership provided a quote alongside the report. ![]() Apple’s earnings per diluted share were $1.52, beating the Wall Street consensus $1.43 expectation. ![]() Despite being a 3 percent decrease from last year, this is above the Wall Street estimate of $93 billion. The company’s quarterly revenue was $94.8 billion. Good news for Apple, and likely the market at large, Apple beat earnings and revenue expectations.Īpple’s (AAPL) Q2 2023 earnings report was shared in a letter on its Newsroom site. One of the most anticipated releases of the week, the report gave us a clear idea at how Apple’s business performed in the second quarter of its financial year. The world’s largest company, Apple (AAPL), has shared its earnings report for Q2 2023.
0 Comments
Read More
Leave a Reply. |