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remember, don’t feel sorry for Apple. it is still making HUGE profits. and executive greed means Cook personally earned $98.7 million in 2021 https://t.co/OFXPuFNpvd
— steven ᵐᶦˡˡʷᵃʳᵈ (@SirSteven) July 29, 2022
"Apple said it spent over $28 billion on share buybacks and dividends during the quarter."
— Tren Griffin (@trengriffin) July 29, 2022
Can you name a large Apple shareholder that didn't sell any shares? https://t.co/R31QoKg2xE
On supply constraints: Cook told me the impact was LESS than the $4 billion - $8 billion he warned about last quarter. Although would not say precisely how bad it was.
— Steve Kovach (@stevekovach) July 28, 2022
Apple does not provide a country-wise split of its revenues but the "Rest of Asia-Pacific Region", which includes India, reported revenues of $6.15 billion for the quarter ended June 25, 2022, a 14 percent increase from $5.4 billion in the year-ago period.
— Chandra R. Srikanth (@chandrarsrikant) July 29, 2022
$AAPL... wow
— Ophir Gottlieb (@OphirGottlieb) July 28, 2022
Apple CFO Says:
* Seeing No Demand Slowdown For iPhones
* Expect Revenue Growth To Accelerate In Current Quarter Vs June Quarter Rate
The Mac's been on quite a run but it was down 10% year over year, the first drop in more than two years. Supply constraints will probably factor in here. pic.twitter.com/mM6XaOGhNA
— Six Colors (@bleedsixcolors) July 28, 2022
Just spoke to Apple CEO @tim_cook who told me:
— Emily Chang (@emilychangtv) July 28, 2022
- Apple will continue to invest through downturn but be “deliberate” in spending decisions.
- Expects revenue to accelerate in Sept. despite “some softness in some areas.”
- Saw “significant improvement” in China in supply/demand
This earnings season has really made clear that the companies in FAAMNG aren’t equal. Apple’s moat and customer loyalty with the iPhone is so significant that their revenue was mostly impacted by supply chain issues not reduced demand.
— Dare Obasanjo (@Carnage4Life) July 28, 2022
They expect faster revenue growth in Q3. 🤯 https://t.co/H4QylSGe9d
Tim Cook on iPhone:
— Patrick McGee (@PatrickMcGee_) July 28, 2022
"We set a June quarter record for both revenue and switchers to iPhone with its advanced performance capability, and ease of use."
(CFO Maestri tells me "switchers" -- people coming from Android - saw double-digit growth)
Everything about $AAPL is context. This was a $83B revenue quarter. It was also kind of "meh" - up 2% YOY. That's "meh" in a way only Apple can be "meh." pic.twitter.com/owrm7nPEpQ
— Six Colors (@bleedsixcolors) July 28, 2022
Apple being very careful not to call a bottom in the silicon shortage but Cook's language suggests things are improving.
— Neil Cybart (@neilcybart) July 28, 2022
Damn. Apple's Tim Cook said Mac supply was so limited this quarter that they couldn't even test demand. Very tough supply chain hitting the Mac. $AAPL
— Sami Fathi (@SamiFathi_) July 28, 2022
And another record quarter for Apple. https://t.co/1fY4jUGAcg
— Ben Bajarin (@BenBajarin) July 28, 2022
Just got off the phone with Tim Cook. On hiring: he says Apple will be "deliberate" in hiring. But wouldn't call it a slow down.
— Steve Kovach (@stevekovach) July 28, 2022
Important observation as Apple continues to defy macro concerns (just like they did in 08-09 economic downturn). The premium/high-end segments of the market are not as susceptible to downturns as the mid and low-end.
— Ben Bajarin (@BenBajarin) July 28, 2022
Apple may see some pullback, but unlikely to be hit as hard.
This is another trophy case moment for Cook and Apple given the macro. Demand holding firm and iPhone 14 product cycle on the way. China down only 1% was a shocker given shutdowns during quarter. Positive call. Combining this with Amazon print, tech bulls will sleep well tonight
— Dan Ives (@DivesTech) July 28, 2022
@Apple has "multiple profitable billion dollar" lines & is best positioned in the entire tech industry to continue hiring & attract talent from other firms which are grappling with uncertainty & layoffs.
— Neil Shah (@neiltwitz) July 28, 2022
That is what @tim_cook means by "deliberately"!!https://t.co/Z812fI6HGG
i say own it, don't trade it because if you listen to Apple's conference call you will know this company is simply a cut above all others
— Jim Cramer (@jimcramer) July 29, 2022
Another important observation within these macro-economic concerns. Businesses with the most diverse revenue streams (ideally across different market segments) can weather economic down turns better.
— Ben Bajarin (@BenBajarin) July 28, 2022
Google, Apple, Microsoft and Amazon are effectively recession proof based on their earnings where they’ve all grown double digits in key already large businesses while everything falls apart around them. pic.twitter.com/xsFKHPcw4R
— Dare Obasanjo (@Carnage4Life) July 29, 2022
Looks like the greatest American companies in big tech are…
— Dare Obasanjo (@Carnage4Life) July 29, 2022
(•_•)
( •_•)>⌐■-■
(⌐■_■)
…MAGA
"We didn't have enough product to test the demand," Cook says of impact of inflation and other macroeconomic trends on iPad and Mac in last quarter.
— Joanna Stern (@JoannaStern) July 28, 2022
A different story from Apple than from Microsoft / Intel this week...
On that 10% fall in Mac sales yoy: Cook told me supply constraints and foreign exchange to blame.
— Steve Kovach (@stevekovach) July 28, 2022
Apple Revenue (Billions)
— Charlie Bilello (@charliebilello) July 28, 2022
2022(est): 393
2021: 378
2020: 294
2019: 268
2018: 266
2017: 229
2016: 216
2015: 234
2014: 183
2013: 171
2012: 157
2011: 108
2010: 65
2009: 43
2008: 37
2007: 25
2006: 19
2005: 14
2004: 8.3
2003: 6.2
2002: 5.7
2001: 5.4
2000: 8.0
1999: 6.1
1998: 5.9$AAPL
Apple saw China revenue decline 1% in the June quarter because of Covid-related lockdowns in major cities. But iPhone demand remains healthy and the company held up pretty decently even as the broader Chinese smartphone market fell $AAPL https://t.co/jklm9DrnkJ pic.twitter.com/7uY7xhQj9D
— Arjun Kharpal (@ArjunKharpal) July 29, 2022
Apple's iPhones held up surprisingly well in China even as the country faced Covid lockdowns https://t.co/2B2k4WHAce
— CNBC (@CNBC) July 29, 2022
🚨Apple nearly doubled its India revenue in June quarter: CEO Tim Cook.@tsuvik ✍ https://t.co/EfE5m58wWE
— Chandra R. Srikanth (@chandrarsrikant) July 29, 2022
Apple's iPhone sales are creating a strong 'moat' for the tech giant, analysts say https://t.co/z3LKpKb2DG
— CNBC (@CNBC) July 29, 2022