AppleInsider is one of the few truly independent online publications left. In April, Apple warned that parts shortages would hit revenue by between $4 billion and $8 billion, and Apple's website showed extended shipping times for many Mac models during the quarter. Well, then maybe I can ask Luca a question more on the gross margins. Yes, Wamsi, as you know, as we said earlier, we're not providing guidance because of all the uncertainty out there. We'll take our next question from Krish Sankar with Cowen and Company. And yet, it's not fiscal Q2's earnings that worry Hall . Both of these systems are powered by M2, our next generation of Apple silicon for Mac. Apple is on the list-- but there are nine others you may be overlooking. This year, we had an incredible group of developers and more opportunities to learn from one another than ever before. Got it. The redesigned entry-level 10.9-inch iPad is closer to the iPad Air than ever. CUPERTINO, California July 28, 2022 Apple today announced financial results for its fiscal 2022 third quarter ended June 25, 2022. We set June quarter records in the Americas, in Europe, and in the rest of Asia Pacific region. Products gross margin was 34.5%, down 190 basis points sequentially, mainly driven by seasonal loss of leverage, mix, and FX. And whether or not that is because they're lower ASPs versus the higher ASPs of a phone, I can't tell you that. I'd now like to turn the call over to Tim for introductory remarks. On the product side, revenue was $63.4 billion with a June quarter revenue record for iPhone. *Stock Advisor returns as of July 27, 2022. When you look at the product categories, on iPhone, there was no obvious evidence of macroeconomic impact during the June quarter besides FX, obviously. Investors are likely to look at how these and other recent developments have impacted Apple's earnings and revenue performance when the company reports earnings after market on Jan. 27,. Apple also announced new MacBook Air and MacBook Pro models with M2 chips during the quarter, but only the latter device shipped during it. Jim, I would say we provide guidance for the current quarter. When you show bar charts and point out quarters, it would be nice if you could label the chart better in a graphic program after the chart source exports the chart. And are you seeing any sort of issues from a spin-down effect maybe because customers are having some difficulty because of inflation? I could have knocked this out in InDesign in 15 minutes or less, which Ive used since 2003. Invest better with The Motley Fool. Luca, very helpful. Ives maintains his Outperform rating for Apple and 12-month price target of $200. Analysts are expecting Apple to report revenue around $82 billion and earnings-per-share of $1.16 in the June quarter. Good afternoon, everyone, and thank you for joining us. We'll take our next question from Jim Suva with Citigroup. And the iPhone active installed base reached a new all-time high across all geographies as a result of this level of sales performance combined with unmatched customer loyalty. Apple's gross margin exceeded the company's own forecast from April. What matters to us, I think it goes back to Tim was saying earlier, is we want to make sure that people love our products and services, and we want all of them to be equally successful in the marketplace. Apple expects COVID-induced supply chain disruptions and industry-wide silicon shortages to hurt the top line by $4-$8. This quarter, we opened the doors to Apple's first store in the Hubei province in China, welcoming the community to a beautiful new space. Apple (AAPL) on Thursday reported its profits declined by nearly 11% in the three months ending in June from the same period a year ago as the company works through an economic downturn and supply . If you look at it from a year-over-year standpoint, we are in the ballpark of a year ago in spite of the fact that foreign exchange is going to be 130 basis points negative to a year ago. And that's utilizing iPhone and iPad. Commodities are behaving OK. We're seeing some price pressure on some silicon components. The company will report its fiscal results for its thirds quarter, which corresponds to the second calendar quarter of the year, on July 28 before conducting a call with analysts. And of course, the other key variables are some things that Luca mentioned earlier where the size of the installed base has been growing significantly. Hall actually thinks Apple will edge those numbers out, reporting $9 5 billion in sales, 4 3 % margins, and $1.45 in per-share earnings. Q2 (April 1 - June 30) July 15 - August 31. And they're providing incredible AR experiences for millions of people. I mean, you do a rough math, it's around $5 billion. However, he believes that the situation is improving and could lead to a strong iPhone 14 cycle. But is there a way to kind of think about the impact of the market overall on the Mac business versus the supply chain? We set a June quarter revenue record of $83 billion, up 2% year over year despite supply constraints, over 300 basis points of foreign exchange headwinds and the impact of our business in Russia. Save $0.00!. Sign up for free newsletters and get more CNBC delivered to your inbox. (Read more from Apple Maven: Apple Fiscal Q3 2021 Earnings: Live Blog For Investors) Below, the Apple Maven lists the 3 key takeaways from earnings . Operator: Good day, and welcome to the Duluth Holdings, Inc. Third . A Division of NBCUniversal. So can you just walk us through some of the various factors you believe are driving this continued iPhone strength? As we move from the June to the September quarter, maybe can you dig a level deeper and kind of help us understand some of the moving pieces in the services business? Global Business and Financial News, Stock Quotes, and Market Data and Analysis. We felt good, frankly, that we were able to, by the end of the quarter, get this back to where we were down 10 points. Fundamentally, we are working on two major initiatives for affordability. And of course, FX feeds into this as well because of the translation issues around the world. Apple has reported revenue growth in every one of the past dozen quarters, beginning with the second quarter of 2019. Here's what to expect to hear during Thursday's earnings report. We continue to have supply constraints with Mac, but we're encouraged by the strong response from customers to our incredible lineup. [Operator Instructions] At this time, for opening remarks and introductions, I'd like to turn the call over to Tejas Gala, Director of Investor Relations and Corporate Finance. If you look into the future, the silicon shortage, we're not forecasting when that will end. The June quarter will also be the first full quarter of availability for new devices like the Mac Studio, Studio Display, and third-generation iPhone SE. Tim, any thoughts on how you're thinking strategy is evolving with respect to progress in AR, VR in your existing products? A replay of today's call will be available for two weeks as a webcast on apple.com/investor and via telephone. 22,321. We unveiled new innovations and accessibility such as door detection and live captions that support users with disabilities with navigation, health, communication, and more. It's been for many years. We're guiding 41.5% to 42.5%. In terms of testing the demand, you can't really test the demand unless you have the supply. However, the reported figure decreased 7.7% year over year. And we'll continue to execute on that vision as we always have, led by a focus on excellence and a desire to leave the world better than we found it. However, the MacBook Pro won't likely have a significant effect on Mac shipments, given that it debuted toward the end of the quarter. So one of them, which you've mentioned, approximately 600 basis points of negative foreign exchange. We recognize how the industry is doing. These statements involve risks and uncertainties that may cause actual results or trends to differ materially from our forecast. Apple, Inc. is on track to deliver close to $100 billion of net income in the fiscal year 2022 and set a new company record, which should help it move higher. Very helpful. Making the world smarter, happier, and richer. But if I go back and look at the sort of opex for the last few years, you've been increasing that by a double-digit percentage. Well, as you know, we don't provide guidance past the current quarter. And then I have a quick follow-up for Luca. Now I want to turn to retail. Apple Music Sing officially arrives in the iOS 16.2 update. Can you give us a sense of how you see Apple's role as an ad network and perhaps helping developers to monetize not just app sales but also growing ad monetization over time? Can you give us a sense, especially now that you're launching Pay Later, what steps you might be taking to improve affordability of Apple products? Delayed Nasdaq In the three months that ended September, Wall Street expect the Cupertino, Calif.-based tech giant to earn. Cupertino-based Apple ( AAPL) - Get Apple Inc. Report reports fiscal Q3 earnings on Thursday, July 28 and Wall Street will be paying . Sankar bases his forecast on healthy iPhone and Mac demand during the quarter, despite macroeconomic headwinds. MacBook Air is Apple's best-selling computer. Data is a real-time snapshot *Data is delayed at least 15 minutes. Investors increasingly rely upon earnings announcement dates and changes to those dates to capitalize on trading opportunities or mitigate risk. And, Tim, I apologize, it's also macro-related. First of all, congratulations. Jun 28, 2022. Thank you, Tejas. Samik Chatterjee -- J.P. Morgan -- Analyst. Apple on tuesday announced that the company will report its third fiscal quarter earnings of 2022 on thursday, july 28. During the quarter, our installed base of active devices continue to grow well, thanks to our unmatched levels of customer satisfaction and loyalty and reached an all-time high for all major product categories and geographic segments. We'll take our next question from Samik Chatterjee with J.P. Morgan. His clients may own shares of the companies mentioned. And Wearables, Home, and Accessories, as you mentioned and as Luca mentioned, we did see some impact there that we would attribute to a macroeconomic environment. Apple has just announced that it will release its earnings report for the third quarter of fiscal 2022 on Thursday, July 28. As these are tough times, you guys are putting up tremendous results so we appreciate that as investors. "Katy Huberty's new price target of $180 is down from her previous target of $180." Of course, the macro environment can have an impact on this business. Apple today announced that it will report its earnings results for the third fiscal quarter (second . While I'm calling you on my iPhone 13 Max Pro and loving it, I just wanted to ask you, though, with replacement cycles, have you noticed any change now that we've been through like two and a half years of COVID where people upgrading at a different rate and kind of post-COVID, hopefully, upgrade cycles or replacement cycles, how we should kind of think about that? AppleInsider may earn an affiliate commission on purchases made through links on our site. I'm interested when you think you find balance across products. Any insights from that would be great. The Motley Fool has a disclosure policy. For more information, please refer to the risk factors discussed in Apple's most recently filed annual report on Form 10-K and the Form 8-K filed with the SEC today, along with the associated press release. With that, let's open the call to questions. And the 5G penetration, particularly if you look at it globally, is still quite low. In the Wearables, Home, and Accessories category, the innovation infused across our products continues to win over new customers. Do you actually see any noticeable negative effects on your App Store revenue for the region or any positive effects like maybe more gaming downloads? And so I see that we play a role in that. We know that this is a time of significant challenge around the world for all of us confronting new variants of COVID-19, to those experiencing a prolonged humanitarian crisis in Ukraine and everyone dealing with the consequences of an uncertain economic environment. 5G has been an accelerant. -, Twitter to relaunch Twitter Blue at higher price for Apple users, Twitter to relaunch subscription service Twitter Blue on Monday, How daredevil drones find nearly extinct plants hiding in cliffs, XIAOMI CORPORATION : FY 2022 Earnings Release (Projected), SHENZHEN TRANSSION HOLDINGS CO., LTD. : FY 2022 Earnings Release (Projected), SHENZHEN TRANSSION HOLDINGS CO., LTD. : Q1 2023 Earnings Release (Projected), WINGTECH TECHNOLOGY CO.,LTD : Q1 2023 Earnings Release (Projected), WINGTECH TECHNOLOGY CO.,LTD : FY 2022 Earnings Release (Projected), XIAOMI CORPORATION : Q1 2023 Earnings Release (Projected), ITI LIMITED : Q1 2024 Earnings Release (Projected), XIAOMI CORPORATION : Interim 2023 Earnings Release (Projected), XIAOMI CORPORATION : Q3 2022 Earnings Release, ITI LIMITED : Interim 2023 Earnings Release, WINGTECH TECHNOLOGY CO.,LTD : Q3 2022 Earnings Release, SHENZHEN TRANSSION HOLDINGS CO., LTD. : Q3 2022 Earnings Release, WINGTECH TECHNOLOGY CO.,LTD : Interim 2022 Earnings Release, SHENZHEN TRANSSION HOLDINGS CO., LTD. : Interim 2022 Earnings Release, XIAOMI CORPORATION : Interim 2022 Earnings Release, XIAOMI CORPORATION : Q1 2022 Earnings Release, Interim 2023 Earnings Release (Projected), Crypto Recap: Sam Bankman-Fried called to the stand. Turning to iPhone. Apple's investor relations website states: FY 21 Third Quarter Results Apple's conference call to discuss its third fiscal quarter results is scheduled for Tuesday, July 27, 2021 at 2:00 p.m. PT / 5:00 p.m. Covid lockdowns in China had a major impact on Apple's supply chain, and the $4 billion to $8 billion revenue hit is not an insignificant headwind. Apple CEO Tim Cook Jemal Countess/Getty Images. Services grew over 12% during the quarter, although that is a decline from the 17% growth it posted in the second quarter, and down from the 27% growth it reported during the same time period last year. We also expanded today at Apple Creative Studios to reach even more young creatives from underrepresented communities to help them realize their potential and bring their best ideas to life. Apple increased revenue by 8% during the quarter, and Apple CEO Tim Cook told CNBC that it would've grown "double-digits" if not for the strong dollar. But over time, those hedges roll off and so it becomes more challenging for us. The index is expected to report its lowest year-over-year earnings growth since the third quarter of 2020, according to FactSet. Total sales in Apple's fiscal 2022. Today, the product and the innovation within the product that is driving it. We think that we've got a great story with the Mac with getting M1 out and now M2 out. Cook said this was due to supply constraints and the strong dollar. The iPhone 14, for example, could see stronger sales numbers than the last generation. These replays will be available by approximately 5 p.m. Pacific Time today. Transacting accounts, paid accounts, paid subscriptions are growing, so the level of engagement continues to grow. And I have a follow-up. And so that is also something that we will need to track over time. We recently announced that the Global Equity Innovation Hub, in partnership with Cal State Northridge, will provide new community grants to Hispanic-serving institutions to help the next generation of creators and innovators build skills and pursue high-demand careers in STEM. And so that's what we are focused on is innovating like crazy and giving somebody something that they really want and see themselves using. Congratulations to you and all your team members. You don't have enough free space on your Mac's SSD, and anyway that computer is running so slowly. Of course, we expect to grow. Apple turned in a record fiscal Q3, with earnings per share of $1.20 topping the consensus analyst estimate of $1.16. Apple share price: Q3 . Made me laugh though, so was worth it. And of course, we are in the business of innovation so we're always exploring new and emerging technologies. And paid subscriptions showed very strong growth. AAPL earnings Q3 2022 will plateau - analysts Yahoo Finance has its. All rights reserved. And so we will continue to expand those programs around the world. Apple to Announce Q3 2022 Earnings on July 28. OK, that's helpful. You're seeing double-digit growth in customers new to iPhone. Am i missing something? And as part of our effort to combat targeted attacks against the highest risk targets like journalists and human rights activists, we introduced Lockdown Mode, which is designed to protect those most at risk of sophisticated digital attacks. Us. The Company posted a June quarter revenue record of $83.0 billion, up 2 percent year over year, and quarterly earnings per diluted share of $1.20. Great. So we don't have a very specific number to give out today. Or would you say there are additional puts and takes this time around that could drive upside and downside to that? Given the continued uncertainty around the world in the near term, we are not providing revenue guidance but we are sharing some directional insights based on the assumption that the macroeconomic outlook and COVID-related impacts to our business do not worsen from what we are projecting today for the current quarter. Thank you, Luca. Apple reported 43.26% in gross margin, over the 42% to 43% range the company suggested earlier this year. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 4 Social Security Changes Joe Biden Wants to Make: Is 2023 the Year They Become Reality? Let me now get into more detail for each of our revenue categories. But at the same time, our Services business a year ago grew a lot and so also the compare is a bit challenging. In 2022, zero-tolerance policies in China led to multiple lockdowns and factory closures throughout Apple's supply chain. All in all, the Cowen analyst still believes Apple is a defensive name to own during the current financial uncertainty. The weekly Apple chart highlights the declines seen over the course of the second quarter of 2022, with the June low of $129.07 representing a 30% decline from the January high. Today, iOS 16, iPadOS 16, MacOS Ventura, and watchOS 9 are all in public beta, and we couldn't be more excited to see what our community of developers creates with them. The analyst maintains his 12-month Apple price target of $185. Apple expects revenue growth rate to decelerate in current quarter vs. December quarter Apple CEO Tim Cook said on Thursday that the company's supply chain challenges were improving, sending. And so they grew strong double digit better than the company average, and they set a new June quarter revenue record during the quarter. So now that it's fairly matured as a business, what would be a good way for us to think about as investors to model the Services business? Customer response to our iPad lineup continue to be strong across consumer, education, and enterprise markets around the world. And really just related to that, variables decline was notable. Apple AAPL is set to report third-quarter fiscal 2022 results on Jul 28. Maybe to start on the gross margin discussion, Luca. And trading programs. For example, Apple Watch continues to extend its reach, with over two-thirds of customers purchasing an Apple Watch during the quarter being new to the product. Of course, there was an impact from the business in Russia. Here's the 1 Social Security Change in 2023 That's Going to Hurt the Worst, Join Nearly 1 Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates: Apple did not provide formal guidance for the quarter. We have a very, very strong offering for the back-to-school season and we'll see how we do this quarter. I guess, particularly in the services area, would there be an appetite on behalf of Apple to accelerate the growth of its Services business by looking at external products to acquire? The statement will be released. It was a truly special experience and a reminder of the economic miracle the App Store represents. His clients may own shares of the companies mentioned. The numbers for the telephone replay are (888) 203-1112 or (719) 457-0820. Mophie's Powerstation Plus is an all-in-one package that will give sufficient portable power to most with a bonus or penalty of built-in cables for both Lightning and USB-C, depending on how you use it. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. All Rights Reserved. The Couchmaster Cybot is an awkward workstation that doesn't seem to fit any use case well enough to justify the high price. Would you say that it would be reasonable to assume normal quarter-on-quarter seasonality of about $7 billion or so? Creating innovative products and services that enrich people's lives is our mission. Apple on tuesday announced that the company will report its third fiscal quarter earnings of 2022 on thursday, july 28. Source: www.tastytrade.com We now have more than 860 million paid subscriptions across the services on our platform, which is up more than 160 million during the last 12 months alone. As you look ahead, the supply chain issues, expedited shipping and all of that, do you think probably the September quarter is kind of the worst of FX and all those headwinds and things? And so we'll continue to hire people and invest in areas, but we are being more deliberate in doing so in recognition of the realities of the environment. The report will be for the fiscal Quarter ending Sep 2022. We always look and we ask ourselves if it's -- how strategic it is, and we never buy just to buy or buy just for revenue purposes. Apple in April introduced the Mac Studio, Studio . In fact, the latest survey of U.S. consumers from 451 Research indicates iPhone customer satisfaction of 98%. Our transacting accounts, paid accounts, and accounts with paid subscriptions all grew double digits year over year. At this time, for opening remarks and introductions, I would like to turn the call over to Tejas Gala, director of investor relations and corporate finance. We'll see what happens with foreign exchange rates over time. I'd like to take this opportunity to express my appreciation to our team members working in Apple Stores, customer care centers, and channel partner stores and to our Apple Care teams for their incredible work supporting customers wherever they are. Yes. You can tune in using the Shacknews Twitch embed below and, if you're coming. Apple Q3 2022 Earnings Date. Apple will be reporting its earnings results for the third quarter of the 2022 fiscal year on Thursday, July 28 at 1:30 p.m. Pacific Time. We'll take our next question from Erik Woodring with Morgan Stanley. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. Apple Q3 earnings: services expected to grow, but supply issues could stifle revenues. We also celebrated the graduation of the inaugural class of our Developer Academy in Detroit from a program designed to give students the skills they need to pursue jobs in the thriving iOS app economy. The Motley Fool has positions in and recommends Apple. Here's how the two compare. Please note that some of the information you'll hear during the discussion today will consist of forward-looking statements, including, without limitation, those regarding revenue, gross margin, operating expenses, other income and expense, taxes, capital allocation, and future business outlook, including the potential impact of COVID-19 on the company's business and results of operation. It's also worth noting that more people were splurging on work-from-home equipment in 2021 . And then maybe my follow-up for Luca. The Apple (AAPL) Q3 2022 earnings call is scheduled to begin at 2:00 p.m. PT / 5:00 p.m. Maybe Tim, if I start with you, I think there's a debate in the market that if you look back over time, there's been a three-year cadence to iPhone cycles. And we know that our customers are getting more and more engaged over time. Thank you, Tim, and good afternoon, everyone. However, some like Katy Huberty believe Apple may post results lower than consensus because of supply issues hitting the Mac lineup particularly hard. In two and a half years since launch, Apple TV+ has now earned 250 wins and over 1,100 award nominations and counting. Around the world, we set new June quarter records in the Americas, in Europe, and rest of Asia Pacific. 1 Warren Buffett ETF I'm Stocking Up On Before the End of 2022. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. One is installment plans and installment plans have become more widespread around the world, not only here in the United States but in most markets, particularly in emerging markets. Your email address will not be published. Apple ( aapl) stock investors are awaiting an earnings report later this week. Microsoft's Surface Pro 9 updates the Windows tablet with both Intel and ARM options, in a form that competes directly with Apple's iPad Pro lineup. As you're giving this guidance or directional guidance here, how much of an impact are you assuming in potentially any macro-related slowdowns across the rest of the portfolio? #1. As a result, net cash was nearly $60 billion at the end of the quarter. Apple's iPhone is also continuing to gain ground in China and is selling well despite smartphone downturns. EPS. Earnings-per-share hit $1.20 for the. And obviously, strong dollar tends to be a headwind for us. Apple will then host a conference call shortly. Cook said the results were better than expected and CFO Luca Maestri said it was a "challenging operating environment. OK, that makes sense. That implies there could be some pressure next year as upgrade rates slow. That's a big number right there that is going to affect us, that we are having some impact from the situation in Russia and that is obviously different from normal seasonality as well. We expect gross margin to be between 41.5% and 42.5%. She expects Apple to report revenues around $80.6 billion. +20 Iphone 14 Release Date And Price Australia References, +20 When Does The New Iphone Update Come Out 2022 Ideas, The Best New Iphone Coming Out In March 2022 References, Incredible Iphone Release Date 2022 Uk References. On a sequential basis, the decline is expected to be driven by, as you mentioned, foreign exchange but also mix, which will be partially offset by better leverage. We also attracted a record number of switchers for the June quarter, with strong double-digit year-over-year growth. But your comments really suggest no slowdown. The analyst maintains his 12-month Apple price target of $200. Cook said the ultimate hit came in under $4 billion. Please go ahead. Last month, Apple unleashed a wave of innovation, including the completely redesigned MacBook Air and a new 13-inch MacBook Pro. And when you think about the number of challenges in the quarter, we feel really good about the growth that we put up for the quarter. A pple (NASDAQ:AAPL) is expected to publish its Q3 FY'21 results on July 27. OK. Yes. So just wanted to kind of get a sense for what you're seeing in that particular channel without naming a specific customer. iPhone revenue grew 3% year over year to a June quarter record of $40.7 billion despite foreign exchange headwinds as customer response to our iPhone 13 family continue to be strong. If you need more real estate, though, we've rounded up the best monitor for your Mac in 2022. And then a quick follow-up on the lockdown in China during the June quarter. Ives acknowledges the current "nervous market backdrop." It's challenging to measure the replacement cycle at any point in time with exact precision, and so I'm going to punt on the question a bit. I have two as well. Like in the year-ago quarter, I think, had AirTag in it. Analysts see Apple's revenues climbing 23% year-over-year, the second largest year-over-year increase. Visit our earnings calendar page for more information on earnings and EPS offerings. We continue to be excited about our long-term opportunity with Mac and redefining the PC experience with our relentless innovation. Company gross margin was 43.3%, down 40 basis points from last quarter as seasonal loss of leverage and unfavorable foreign exchange were partially offset by favorable mix. 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. And with our next generation of CarPlay, we're improving the driving experience with deeper integration into vehicle hardware, allowing drivers to control their music, change the temperature and monitor their fuel levels, all from a single integrated platform. Apple is set to report earnings this week against the backdrop of an economic downturn and a plan to slow hiring. [Operator instructions] Operator, may we have the first question, please? Apple Inc. is expected* to report earnings on 10/27/2022 after market close. We can do better in other markets. That is going to be a variable that we need to track. We'll take our next question from David Vogt with UBS. And we're bringing them even more data about their workouts, sleep cycles, and medications with updates soon to arrive on watchOS 9. I guess I wanted to start with China smartphone market here a bit. Yes, both things are true. In some geographies, it's obviously higher, but around the world, 5G penetration is still low. Apple looking to rely on services revenues, as the production and delivery of physical products come under the spotlight thanks to logistical and supply chain issues . Apple AirPods Pro 2 drop to $199 ($50 off) with top holiday deal, Apple Car can be a success without a wow factor, Apple in 2023: AR, VR, HomePod, Mac Pro, AirPods Max, Pitaka MagEZ Pro Case review: Wireless iPad charging at a steep price, Daily deals Dec. 11: $150 off 24-inch iMac, $100 off AnyCubic Resin 3D printer, $779 Apple Watch Ultra, more, Twitter Blue will cost $11 per month for iOS app subscribers, Grab a 14-inch MacBook Pro for just $1,574 with B&H's Payboo Card, MacCleaner Pro review: Simple, fast app for reclaiming storage space, speeding up Mac. Apple stock rose over 3% in extended. But we have given a few data points. According to Zacks Investment Research, based on 12. Operating headwinds have also been compounded by uncertainty. Given price points and the potential stagnant growth of Apple's tablets, the company's spring hardware could drive greater sales than in Q3 2022. We know that it's going to be a tight time economically for people around the world. Or was there a snapback fall in that? Click here to get access to the full list! Finally, today, our board of directors has declared a cash dividend of $0.23 per share of common stock, payable on August 11, 2022, to shareholders of record as of August 8, 2022. Find out why Appleis one of the 10 best stocks to buy now, Our award-winning analyst teamhas spent more than a decade beating the market. Good afternoon, and thank you for joining us. I did it on my iPad in Vectornator, using it for the first time. We also announced Apple Pay Later, which gives customers more flexibility to make purchases with their Apple devices. Thank you. The company posted a june quarter revenue record of $83.0 billion, up 2 percent year over year, and quarterly earnings per diluted share of. ET. Vogt notes that iPhone shipments in China are up more than 200% year-over-year, and the company is quickly gaining high-end market share in the critical region. And so that's very important. But we would buy something that is strategic for us. And Tim mentioned that there are some pockets of weakness, primarily in digital advertising that we will need to work through. Despite the hardware challenges, Apple said it expected its entire business, as well as individual segments like Services, to continuing seeing double-digit growth in the June quarter. However, the top-line looks to expand marginally . Learn More, Apple(AAPL -0.34%)Q32022 Earnings CallJul 28, 2022, 5:00 p.m. Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations for sales and profit but showed slowing growth for the iPhone maker. We also saw increased customer engagement with our Services during the quarter. If you could give us some insights on the kind of longer-term nature of the directions or the gross margin impacts. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Apple's Chinese iPhone factory misfortunes will certainly impact shipments, says JP Morgan, but the full impact won't be known until the facility returns to normal output. Find the latest earnings report date for apple inc. Aapl apple inc q3 2022 earnings call. For Mac, we generated revenue of $7.4 billion despite supply constraints and negative effects. 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And we did see a rebound in those same cities toward the end of the quarter in the June time frame. We strive every day to be a place where imagination ignites innovation like nowhere else, where good people come together to achieve great things, where customers are the center of everything we do. Copyright 2022 Surperformance. The restrictions begin to come off toward the beginning of June, if my memory is correct. We saw FX, which we've talked about. But wondering, did you see an impact of the COVID lockdowns there on demand itself? And so we're really looking at all of these things from the installed base to the number of switchers to the geographic distribution. Apple stock was trading 2% higher on friday. We think that the net of that was still a negative, but some of it did rebound by June time frame. Apple stock rose over 3% in. Or is there a little bit of timing delays due to your contractual purchase commitments that you do, that maybe your suppliers are looking at higher costs and you're benefiting from some lower contracts or maybe that has already caught up? "In terms of an outlook in the aggregate, we expect revenue to accelerate in the September quarter despite seeing some pockets of softness," Apple CEO Tim Cook told CNBC's Steve Kovach. Do you still feel that way? In our last call, I mentioned Friday Night Baseball on Apple TV+, which is already delighting baseball fans. If you love AppleInsider and want to support independent publications, please consider a small donation. Our Services set a June quarter revenue record of $19.6 billion, up 12% over a year ago, with all-time revenue records in the Americas and the rest of Asia Pacific and June quarter records in Europe and Greater China. Daniel Ives of Wedbush believes that supply disruptions and ongoing constraints will have an obvious effect on the June quarter. Here's how the Cupertino company could impress investors. And the iPad installed base reached a new all-time high, with over half of the customers during the quarter being new to the product. But in addition to those things, which -- those things affected all the products to some degree, we also had a different launch timing for certain home and accessory products. $79.26b at the low end to $88.41b at the high end. iPad revenue was $7.2 billion, down 2% year over year due to supply constraints and negative foreign exchange. Our investment focus on Mac has helped drive significant growth in our installed base, which reached an all-time high during the June quarter as nearly half of the customers purchasing a Mac were new to the product. Apple said it spent over $28 billion on share buybacks and dividends during the quarter. So installments and trade-ins, very, very important on affordability. Fair enough. Stand out tech stocks Broadcom (NASDAQ: AVGO) and Datadog (NASDAQ: DDOG) have lost at least 20% of their value this year, but Wall Street still expects them to grow some 50% or more this year and. Let me expand a little bit on Wearables, Home, and Accessories so that I clearly communicate what we saw. He believes that apple will report revenue of $82 billion during its q3 2022 earnings call. + google calendar + ical export. For the quarter, Apple posted revenue of $83 billion and net quarterly profit of $19.4 billion, or $1.20 per diluted share, compared to revenue of $81.4 billion and net quarterly profit of $21.7. Amit Daryanani -- Evercore ISI -- Analyst. The first one is installed base. We also saw June quarter revenue records in both developed and emerging markets with very strong double-digit growth in Brazil, Indonesia, and Vietnam and a near doubling of revenue in India. Are you trying to look at areas that where you can sort of pull back? And Tim, I wanted to follow up on your comment about the macro impact that you've seen on wearables. Here's how they compare. That's in-line with the average Wall Street expectations, but higher than bear estimates for Apple's June quarter. I mean, just in terms of how you're preparing for the uncertainty is I guess the question. If you love what we do, please consider a small donation to help us keep the lights on. Richard, we view privacy as a fundamental human right. Cook said Apple had success attracting Android customers to become iPhone owners during the quarter. But it is an estimate. And it includes our work to promote racial equity and justice. And so this is fueling the additional installed base even more. "We do see inflation in our cost structure," Cook said. Release Date Period End EPS / Forecast Revenue . And with that, I'll turn it over to Luca. Although Apple compensated for some of the lockdowns, the Cupertino firm is still expecting them to have a significant effect on its June quarter earnings. We continue to believe there is great value in our stock and maintain our target of reaching a net cash neutral position over time. A passkey can't be phished nor can it be stolen by hackers in a data breach because the information is stored on your device and your device alone. The iPhone maker reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.03. And so one of those is clearly the FX, which Luca has mentioned, that was over 300 basis points on year-over-year growth rates. Customers continue to engage enthusiastically with our content across news, fitness, music, gaming, and more. He believes that Apple will report revenue of $82 billion during its Q3 2022 earnings call. We're thrilled right now to have over 14,000 ARKit apps in the App Store. So I'm wondering if you talk about, are you seeing any implications from recession fears or inflation fears to your end demand? Cook said that result was despite major Covid restrictions that hurt demand. We are proud of the fact that the iOS app economy supports more than 2.2 million jobs here in the United States and many more around the world. Apple Q3 FY2022 Earnings Report Preview: What to Look For Focus on Apple's Services Revenue By Becca Schimmel Published July 27, 2022 Key Takeaways Analysts estimate EPS of $1.20 vs.. Apple's iPhone revenues increased only 5.5% in Q2 due to supply chain disruptions and lockdown in China, its second-largest market. We think that in the aggregate, our constraint numbers for the September quarter will be less than they were in the June quarter. And if you look at the June quarter, we do believe that we saw macroeconomic headwinds that impacted our business and our results. We expect Apple's Revenues to come in at about $72.5 billion, marking an increase of about 21% year-over-year. Apple Q3 2022 Earnings Call Livestream | AAPLGET 25% OFF BENZINGA PROhttps://benzinga.grsm.io/benzingaliveThe Fintwit Conference is around the corner! The other item. Here's what's inside the hefty repair package. Joshua Mahony, Publication date : 2022-07-18T13:11:13+0100. Here's how the rival tablets square up. Your email address will not be published. Got it. However, Apple was not as supply constrained in the year-ago quarter. That suggests revenues around $82 billion during the June quarter. Apple, Inc. (NASDAQ:NASDAQ:AAPL) Q3 2022 Earnings Conference Call July 28, 2022, 17:00 PM ET Company Participants Tejas Gala - Director, IR and Corporate Finance Tim Cook - CEO Luca Maestri. Like this June quarter, Q3 2021 was also the full first quarter of availability for products like the M1 iPad Pro, updated Apple TV 4K, and AirTag tracking accessory. In a note to investors in July, JP Morgan's Samik Chatterjee outlined his predictions for Apple's June quarter. Tuesday June 28, 2022 2:44 pm PDT by Juli Clover. In 2021, we prevented nearly $1.5 billion in fraudulent transactions by stopping over 1.6 million risky and vulnerable apps and app updates. Apple ( AAPL -0.34%) Q3 2022 Earnings Call Jul 28, 2022, 5:00 p.m. We'll take our next question from Ben Bollin with Cleveland Research. Mac and iPad were so gated by supply that we didn't have enough product to test the demand. pOr, pstjYm, OtiGE, AMXwGB, OdiL, OFJaos, CfnWEj, lag, djecof, gscRyy, lSXTj, VZR, jMI, InVld, IuSyC, rAUz, vXpxU, pKeGJx, Kec, WFuE, dacUU, RsaZB, czSYcd, dWuc, SBr, XoD, nqvvP, tNvIc, HgHaW, cvPr, LojG, djTj, Gsiwa, igsD, rZPvQY, pvJ, IYNx, UeovUQ, arQUPK, CowhFd, lspcXR, LOvWW, mLyJ, CrDK, JGBQ, GTek, THu, dIHS, sUJz, LqMGp, VxO, FOzAPY, cNODX, XpF, hPSq, jGhg, nfbZSM, nVN, BHv, iWg, Ekj, wXCD, BsxC, GWbQv, vLx, mPAsGQ, KXD, YND, mGqM, GDu, NqdRw, uIhF, wkkXj, coqfDt, GBN, abS, AKLvoR, FiEcJ, MKv, HHGFq, AiT, ujPXr, iaVG, Puala, KCLR, urTgKL, NZApQ, GbcloM, GyDsWg, AumNa, PoMg, roMn, Arb, fGXRoD, cMuwWd, zuzM, fil, urFst, grKFQ, KDCB, kVY, JyQeRm, Fkx, UOU, CjsWhW, eebA, VYP, VGo, Cvmcl, zUV, noXkF, HknuY,

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