What We Learned About Apple During Today’s First Quarter Earnings Call

Apple today held its first earnings call of 2023, which covers the fourth calendar quarter of 2022. During the call, Apple CEO Tim Cook and Apple CFO Luca Maestri shared several interesting tidbits about recent product sales, services results, and more, and we’ve highlighted the most interesting parts of the call below. AI On the […]

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Apple Now Has More Than Two Billion Active Devices Worldwide

There are more than two billion active iPhones, iPads, Macs, and other Apple devices worldwide, Apple said today in the earnings report covering the first fiscal quarter of 2023. During the December quarter, we achieved a major milestone and are excited to report that we now have more than 2 billion active devices as part […]

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Apple Reports 1Q 2023 Results: $30.0B Profit on $117.2B Revenue Amid ‘Challenging Environment’

Apple today announced financial results for the first fiscal quarter of 2023, which corresponds to the fourth calendar quarter of 2022. For the quarter, Apple posted revenue of $117.2 billion and net quarterly profit of $30.0 billion, or $1.88 per diluted share, compared to revenue of $123.9 billion and net quarterly profit of $34.6 billion, […]

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Apple Reports 1Q 2023 Results: $30.0B Profit on $117.2B Revenue Amid ‘Challenging Environment’

Apple today announced financial results for the first fiscal quarter of 2023, which corresponds to the fourth calendar quarter of 2022. For the quarter, Apple posted revenue of $117.2 billion and net quarterly profit of $30.0 billion, or $1.88 per diluted share, compared to revenue of $123.9 billion and net quarterly profit of $34.6 billion, […]

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What to Expect From Apple’s Earnings — First Revenue Decline Since 2019?

Apple is set to report its earnings results for the first quarter of its 2023 fiscal year tomorrow at 1:30 p.m. Pacific Time. Apple CEO Tim Cook and Apple CFO Luca Maestri will discuss the results on a conference call for investors a half hour later. Keep reading for some key things to know about […]

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Samsung announces Q4 2022 earnings, profit hits eight-year low

Earlier this month, Samsung published its earnings guidance for Q4 2022. In line with those numbers, the company has published its final Q4 2022 and FY 2022 results. The company’s profit has been the lowest in eight years, and that is due to the continued global economic downturn, rising costs, and lower demand for smartphones […]

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Surface and Windows revenue tanks 39% in latest Microsoft earnings report

What you need to know Microsoft released its FY23 Q2 earnings report today. The company brought in $52.7 billion in revenue (up 2%). The More Personal Computing division got hit harder than expected due to the declining PC market. Surface (Devices) and Windows OEM revenue were both down 39%, with Devices worse than last quarter’s […]

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Samsung Q4 earnings guidance warns of plummeting profits

Samsung Electronics published its earnings guidance report for Q4 2022 and the preliminary numbers are not looking good. Samsung reported a consolidated operating profit estimate of KRW 4.3 trillion ($3.38 billion) for the October-December quarter. The figure represents a 69% dip compared to Q4 2021 values. The estimated Q4 profit would be Samsung’s lowest since […]

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Samsung’s profit nosedives 70% in Q4 2022 due to low chip, smartphone sales

Samsung has tough times ahead, similar to many other consumer electronic firms, including Apple. The South Korean firm announced its earnings guidance for Q4 2022, and according to the company’s internal estimates, its operating profit would be around KRW 4.3 trillion (around $3.37 billion) from total revenue of around KRW 70 trillion (around $55 billion). […]

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Samsung profits could hit their lowest point in six years this quarter

No business is immune to the global macroeconomic environment and despite being sufficiently diversified, Samsung isn’t insulated from the challenges either. The company’s recent quarterly results have reflected the challenges that it continues to face in the market. There’s consensus among experts that it’s only going to get worse before it gets better. Samsung is […]

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Apple to Announce Q1 2023 Earnings on February 2

Apple today updated its investor relations page to announce that earnings for the first fiscal quarter of 2023 (fourth calendar quarter) will be shared on Thursday, February 2. The first quarter earnings call will provide some insight into holiday sales of the iPhone 14 models, the Apple Watch Series 8 and Ultra, new iPad models, […]

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Apple Q4 earnings report highlights yet another strong performance

As expected, Apple released its Q4 earnings report for the fiscal quarter ending on September 24 and quarterly revenues sitting at an all-time high of $90.1 billion – an 8% increase compared to the same time last year. Yearly revenues are also up 8% YoY at $394.3 billion. Net income grew to $20.72 billion while […]

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Mac Revenue to ‘Decline Substantially’ Year Over Year in December Quarter

Mac revenue is set to take a significant hit in the first fiscal quarter of 2023, Apple CFO Luca Maestri said during today’s earnings call. Maestri was providing guidance on December quarter earnings, and he said that Mac sales will be down year over year next quarter because of the strong December 2021 Max lineup. […]

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Apple CEO Tim Cook: We’re Working Hard to Meet Demand for iPhone 14 Pro and Pro Max

During today’s earnings call covering the fourth fiscal quarter of 2022, Apple CEO Tim Cook said that Apple has been constrained on the iPhone 14 Pro and Pro Max “from the beginning,” which has had an impact on sales. Cook went on to say that Apple is “working very hard to fulfill demand” and that […]

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Samsung’s quarterly profit declined in Q3 2022, first time in three years

After choosing Lee Jae-yong as its Executive Chairman, Samsung Electronics announced its earnings for Q3 2022. Earlier this month, the company revealed that its operating profit is expected to decline. Now, the company has reported its full earnings, revealing its first operating profit decline in three years. Although Samsung Electronics’ revenue was up by 4% […]

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Samsung expects its Q3 2022 profit to drop by 31.7%, its first profit drop in three years

Samsung Electronics announced its Q3 2022 preliminary earnings guidance today. The South Korean firm expects its consolidated revenue to be around KRW 76 trillion (around $) and its operating profit to be approximately KRW 10.8 trillion (around $). Although the company’s revenue has increased by 2.73%, its operating profit has declined by 31.7% year-over-year. This […]

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Apple to Announce Q4 2022 Earnings on October 27

Wednesday September 28, 2022 2:16 pm PDT by Juli Clover Apple today updated its investor relations page to announce that it will share earnings results for the fourth fiscal quarter (third calendar quarter) of 2022 on Thursday, October 27. The fourth quarter earnings call will provide insight into sales of the new iPhone 14, iPhone […]

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Activision Blizzard Q2 earnings fall due to Call of Duty decline

What you need to know Activision Blizzard reported its Q2 2022 earnings for the quarter ending June 30, 2022.  At $1.64 billion, revenue for the quarter dropped year-over-year. This drop was primarily due to lower engagement with Call of Duty.  Call of Duty: Modern Warfare 2 is slated to launch on Oct. 28, 2022. Call […]

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Xbox Chaturdays 74: Earnings, acquisitions, and recession worries with Danny Peña

For Episode 74 of Xbox Chaturdays, we’ll be joined once again by Danny Peña of Gamertag Radio and G4. We’ll be diving into some 2022 Xbox delays, earnings for Microsoft and PlayStation, whether or not the gaming industry should be concerned regarding the potential recession, our favorite games so far this year, a rumored Black […]

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Apple Now Has 860 Million Paid Subscribers Across Services

Apple now has over 860 million paid subscribers across all of its services, including Apple Music, Apple TV+, Apple News, iCloud, and more, the company’s chief financial officer Luca Maestri said today. 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 […]

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