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. 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 saw supply constraints, which we've talked about. 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. The Couchmaster Cybot is an awkward workstation that doesn't seem to fit any use case well enough to justify the high price. The first one is installed base. The Zacks Consensus EPS Estimate for the quarter resides at $1.13, reflecting a disheartening 13% decrease in quarterly earnings year-over-year. Is that where you would typically see initial signs of consumer softening perhaps? Customer response to our iPad lineup continue to be strong across consumer, education, and enterprise markets around the world. Good day, and welcome to the apple q3 fy 2022 earnings conference call. Apple to announce q3 2022 earnings on thursday, july 28th. Analysts expected the company to give fourth-quarter guidance of $1.31 in earnings per share and nearly $90 billion in sales. The offset bars kind of look like things are going up/down. Apple today announced that it will report its earnings results for the third fiscal quarter (second calendar quarter) of 2022 on Thursday, July 28. Copyright 2022 Surperformance. Duluth Holdings Inc. (NASDAQ: DLTH) Q3 2022 Earnings Call Transcript December 6, 2022. And last month, we announced a 10-year deal to present Major League soccer matches around the world, giving global soccer fans a whole new way of viewing their favorite sport. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Apple to announce q3, 2022 earnings report on july 28 by rida imran jun 29, 2022 apple has announced that the earnings report for the third quarter of 2022 will be published on july 28 and it will. Last Updated: Aug. 1, 2022 at 8:37 a.m. 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. We'll take our next question from Harsh Kumar with Piper Sandler. Apple ( aapl) stock investors are awaiting an earnings report later this week. Many analysts are optimistic that Apple will outperform or match expectations in the June quarter despite ongoing macro and supply constraints. We'll take our next question from Erik Woodring with Morgan Stanley. A recap of apple's fiscal q3 2022 financial results conference call can be found below. The firm earned $82.96 billion during the quarter, compared to analysts' expectations of $82.97 billion. The dividend is payable on May 12, 2022, to shareholders of record as of. We returned over $28 billion to shareholders during the June quarter. It includes monthly subscriptions, payment fees, warranties, search licensing fees from Google, and revenue from the iPhone App Store. 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. 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. And so that's very important. Release Date Period End EPS / Forecast Revenue . We also achieved June quarter revenue records in each major Services category, including all-time revenue records for Music, Cloud Services, Apple Care, and Payment Services. And the 5G penetration, particularly if you look at it globally, is still quite low. Apple stock rose over 3% in extended. *Stock Advisor returns as of July 27, 2022. RH (NYSE:NYSE:RH) Q3 2022 Earnings Conference Call December 08, 2022 05:00 PM ET Company Participants Allison Malkin - ICR Gary Friedman - Chairman & Chief Executive Officer Jack. We're trying to empower the user to own their data and make their own choices. 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 we were so far from that last quarter that we have an estimate of what we believe demand was. Maybe just what other puts and takes are in. But over time, those hedges roll off and so it becomes more challenging for us. I guess I wanted to start with China smartphone market here a bit. 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. Apple's 2022 update to the iPad Pro lineup introduces its newest Apple Silicon chip to its tablet range. Though it didn't provide revenue guidance, Apple did say it expects. And yet, it's not fiscal Q2's earnings that worry Hall . Why would investors not think that it would be prudent to assume some sort of creep-up of some of these -- some of the hesitation maybe that the macro environment is driving, particularly as it pertains to your higher ASP products? Here's how the two flagship earbuds stack up. Your wearables portfolio is probably at the lowest ASP range across your product portfolio. Keep in mind, we're going to see, on a year-over-year basis, 600 basis points, 6% impact from foreign exchange so that is a big element for us. We expect gross margin to be between 41.5% and 42.5%. And I do have a follow-up. 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. Yes, Amit. If you can comment about the sort of exit run rate that you saw in that market, following the COVID shutdowns ending there. 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. Save my name, email, and website in this browser for the next time I comment. Let me now get into more detail for each of our revenue categories. ET. During that quarter, Apple missed Wall Street expectations. And earlier today, we opened Apple Brompton Road, our fifth store in Central London. Learn how to start using Apple's Advanced Data Protection feature and what you can expect from Apple's other privacy-related announcements. "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. This update was one of the many announcements we made at a truly extraordinary WWDC, where we shared a range of new features that give customers more control of their experience than ever before. Cost basis and return based on previous market day close. On the -- from an aggregate point of view, looking at it worldwide, looking at the data on iPhone for the June quarter, there's not obvious evidence in there that there's a macroeconomic headwind. APPLE INC. : Company Events Publications and Financial Calendar | AAPL | US0378331005 | MarketScreener Homepage Equities United States Nasdaq Apple Inc. Calendar AAPL US0378331005 APPLE INC. (AAPL) Add to my list Report Summary Quotes Charts News Ratings Calendar Company Financials Consensus Revisions Funds With its advanced performance, capability and ease of use, customers continue to find that iPhone remains the gold standard for smartphones. 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 Watch remains a great way for health-conscious customers to track their overall wellness and fitness. Apple narrowly beats estimates, reports record Q3 2022 revenue - 9to5Mac iPhone: $40.67 billion (Up 3% YOY) Mac: $7.38 billion (Down 10% YOY) iPad: $7.22 billion (Down 1.9%) Wearables:. Despite this, our installed base of devices in the category hit a new all-time record, thanks to very strong customer loyalty and high new tool rates. And Tim, I wanted to follow up on your comment about the macro impact that you've seen on wearables. (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 . 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. You don't have enough free space on your Mac's SSD, and anyway that computer is running so slowly. And so what we try to do with all of our features on privacy is put the decision back at the user where we believe it belongs as to whether they want to share their data or not. Well, as you know, we don't provide guidance past the current quarter. I've used those quite a bit where I work, and they really help tell the story. Last month, Apple unleashed a wave of innovation, including the completely redesigned MacBook Air and a new 13-inch MacBook Pro. Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints. Apple turned in a record fiscal Q3, with earnings per share of $1.20 topping the consensus analyst estimate of $1.16. And it continues the tremendous pace of innovation in Apple silicon for the Mac. 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. Reminds me of a sign at the grocery store recently: Sale! Cook said that the iPad decline was also driven by supply constraints and a strong dollar. Chipmakers and other computer vendors have signaled that there is slowing demand for smartphones and PCs around the world as consumers grapple with recession fears and decades-high inflation. The earnings report and subsequent call will provide insight into product performance in the period between march and june. And then very specifically, can you actually just call it what the FX headwinds are embedded in the September quarter gross margin, that would be helpful. So one of them, which you've mentioned, approximately 600 basis points of negative foreign exchange. And trading programs. 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 has confirmed its next earnings call is due to take place on Tuesday, July 27, where it will announce its financial results for Q3. As earnings season continues to unfold, one important report to watch next week is Apple 's ( AAPL -0.34%). 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? Apple did not provide formal guidance for the quarter. Please consider supporting us by disabling your ad blocker, google fi built in vpn,google fi vpn iphone,vpn for iphone and mac,vpn for ipad and iphone,vpn best for iphone,best vpn for iphone 12 pro max,best vpn blocker for iphone,get a vpn for iphone,best vpn for iphone and pc,best ip blocker for iphone,vpn for iphone and pc,vpn for mac and iphone,buy vpn for iphone,paid vpn for iphone,most reliable vpn for iphone,best vpn for iphone 7,best vpn for iphone reddit,reddit best vpn for iphone,best vpn for ios reddit,best vpn to use for iphone,iphone vpn free trial,uk vpn for iphone,best vpn for iphone and ipad,best vpn for iphone free trial,get vpn on iphone,free trial vpn iphone,vpn free trial iphone,cheapest vpn for iphone,best cheap vpn for iphone,best vpn service for iphone,getting a vpn on iphone,best vpn for ios devices,best iphone vpn reddit,bitdefender vpn for iphone,vpn service for iphone,ipvanish iphone,best paid vpn for iphone,vpn for iphone reddit,cheapest vpn for ios,recommended vpn for iphone. Apple in April introduced the Mac Studio, Studio . However, the MacBook Pro won't likely have a significant effect on Mac shipments, given that it debuted toward the end of the quarter. 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 . And they're providing incredible AR experiences for millions of people. And I think about 90 days ago, you were pretty confident with the new M2 chip that you could continue to grow throughout a potential drawdown in that particular market. Learn More, Apple(AAPL -0.34%)Q32022 Earnings CallJul 28, 2022, 5:00 p.m. And just given the uncertainty that you've talked about in the macro further on this call a lot, how are you thinking about sort of that investment base going forward? On the product side, we expect supply constraints to be lower than what we experienced during the June quarter. However, Apple did warn of a potential $4 billion to $8 billion revenue hit because of supply constraints and strict Covid-19 lockdowns in China. So can you just walk us through some of the various factors you believe are driving this continued iPhone strength? And we did see a rebound in those same cities toward the end of the quarter in the June time frame. We continue to believe there is great value in our stock and maintain our target of reaching a net cash neutral position over time. If you -- I'm not an economist and so I'll sort of narrow my comments to what we saw in the business. Got it. Jun 28, 2022. We'll take our next question from Samik Chatterjee with J.P. Morgan. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. Should You Buy the 5 Highest-Paying Dividend Stocks in the S&P 500? And therefore, it's important for us to raise that awareness. And they've been raving about the iPhone 13 lineup's extraordinary camera quality with features like cinematic mode and macro photography to create eye-catching content. 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. And then as you mentioned, the breadth and the quality of the services that we offer tends to grow over time. It includes our focus on diversity and inclusion, where we are committed as ever to making progress. Incredibly important in terms of reducing the affordability threshold. "We see it in things like logistics and wages and certain silicon components and we're still hiring, but we're doing it on a deliberate basis.". The numbers for the telephone replay are (888) 203-1112 or (719) 457-0820. 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. 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. Apple's Q4 2022 covers the months of July, August, and September. 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. On Apple's hardware, multiple reports and analyst comments indicate that demand for the iPhone 13 and iPhone 13 Pro is still unusually strong for this time of year. And, Tim, I apologize, it's also macro-related. Here's what's inside the hefty repair package. If you go back and you look at our growth rates over a number of quarters now, they've always been very good. iPad revenue was $7.2 billion, down 2% year over year due to supply constraints and negative foreign exchange. 2022 Quarter. Would you say that it would be reasonable to assume normal quarter-on-quarter seasonality of about $7 billion or so? After all, the newsletter theyhave run for over a decade,Motley Fool Stock Advisor, has tripled the market.*. Here's what analysts believe about the next quarter. Cook said Apple has 860 million current paid subscriptions, which includes anyone who subscribes to an app sold on the Apple App Store in addition to products such as Apple Music and iCloud. AAPL has now returned $686 . Investors are hoping for more clarity and conviction on the bullish thesis on Thursday. And finally, we continue to improve the breadth and the quality of our current Services offerings, from a constant flow of new content on Apple TV+ and Apple Arcade to great new features we recently announced for iCloud and Apple Music, which we believe our customers will love. We'll take our next question from David Vogt with UBS. I know that there's been a couple of U.S. carriers that have talked about some of their customers having some difficulty paying bills. At this time, for opening remarks and introductions, i. Jim, I would say we provide guidance for the current quarter. Of course, the most important thing for us is to maintain an incredible customer satisfaction and loyalty from the customers. David Vogt of UBS believes that Apple's June quarter is looking up, particularly because of a strong rebound in the company's iPhone sales in China after a month-over-month decline. And so it's a mixed bag in terms of what we believe that we saw. The better-than-expected performance is because supply issues aren't affecting many of Apple's segments. The Motley Fool has positions in and recommends Apple. Apple's board of directors declared a cash dividend of $0.23 per share on common stock, reflecting an increase of 5%. And so I think there's reason to be optimistic. -, 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. 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. Now I want to turn to retail. Financial analysts can contact me with additional questions at (669) 227-2402. Operator: Good day, and welcome to the Duluth Holdings, Inc. Third . 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. Speaking first today is Apple's CEO, Tim Cook; and he'll be followed by CFO, Luca Maestri. We have a very, very strong offering for the back-to-school season and we'll see how we do this quarter. 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. These replays will be available by approximately 5 p.m. Pacific Time today. I'm not saying that there's not one. July 28, 2022 2:04pm. Though it didn't provide revenue guidance, Apple did say it expects gross margins between 41.5% and 42.5% and operating expenses between $11.1 billion and $11.3 billion. Get this delivered to your inbox, and more info about our products and services. Please go ahead. Good day, and welcome to the apple q3 fy 2022 earnings conference call. And we continue to execute across some significant geographies where there's a very low penetration of iPhone. Apple, I mean, they started pretty high . iPad, like Mac, continued to see strong demand during the June quarter despite ongoing supply constraints. China had very good results on services last quarter. Investors will look to the world's most valuable publicly traded company's fiscal second . And of course, FX feeds into this as well because of the translation issues around the world. Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates: Apple did not provide formal guidance for the quarter. The restrictions begin to come off toward the beginning of June, if my memory is correct. We continue to have supply constraints with Mac, but we're encouraged by the strong response from customers to our incredible lineup. Or was there a snapback fall in that? The business earned $90.15 billion during the quarter, compared to analysts' expectations of $88.77 billion. And so they grew strong double digit better than the company average, and they set a new June quarter revenue record during the quarter. As has been typical during the pandemic, Apple did not provide formal revenue guidance for the June quarter during its previous earnings report. We also announced Apple Pay Later, which gives customers more flexibility to make purchases with their Apple devices. 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? ET By Emily Bary Numerous analysts cheered Apple's business as 'resilient' as company indicated iPhone. And then if I could just ask Tim the question. One of them is the foreign exchange environment. But is there a way to kind of think about the impact of the market overall on the Mac business versus the supply chain? Apple's overall. Made me laugh though, so was worth it. And then I have a quick follow-up for Luca. Apple will then host a conference call shortly. It's been wonderful to see earnings by small developers more than double over the past two years. Apple's business in Greater China, which includes Taiwan and Hong Kong, declined 1% on an annual basis to $14.6 billion. From a commodity standpoint, I think you were asking a question around components. Turning to iPhone. Today, Apple announced on its Investor Relations website that it will be hosting its Q3 2020 earnings call at the end of July. Krish Sankar -- Cowen and Company -- Analyst. And we're really pleased that it's currently at 98% for the latest iPhones. Apple (NASDAQ:AAPL) is expected to publish its Q3 FY'21 results on July 27. Are you trying to look at areas that where you can sort of pull back? Today, Apple is reporting another record June quarter with revenue of $83 billion, which was better than we expected despite supply constraints, strong foreign exchange headwinds, and the impact of our business in Russia. 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. He believes that apple will report revenue of $82 billion during its q3 2022 earnings call. And so I would differentiate those two. Katy Huberty of Morgan Stanley in her last note covering Apple trimmed the company's price target to $180 based n expectations that the company would post results slightly below consensus expectations. Maybe to start on the gross margin discussion, Luca. Yes. #1. Apple updated its iPad lineup, and there are more pricing tiers than ever. Get the latest Apple earnings report, revenues as well as upcoming AAPL earnings dates, historical financial reports, news, analysis & more. And that's utilizing iPhone and iPad. During the third quarter, which includes late March through late June, the . 5G has been an accelerant. We'll take our next question from Wamsi Mohan with Bank of America. 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. In some geographies, it's obviously higher, but around the world, 5G penetration is still low. As usual, the company will release its Q3 2022 earnings. 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. Apple is on the list-- but there are nine others you may be overlooking. 25 min read. Tim, any thoughts on how you're thinking strategy is evolving with respect to progress in AR, VR in your existing products? We expect foreign exchange impact on a sequential basis to be 50 basis points. And we're committed to doing our part to address the housing crisis across California. Apple CEO Tim Cook Jemal Countess/Getty Images. Find the latest earnings report date for apple inc. Aapl apple inc q3 2022 earnings call. Last quarter, Apple reported revenue of $83.0 billion and a profit of $19.4 billion. Obviously, when I drop and break my phone, I replace it immediately. +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. Buy now, pay later is the latest that we are doing on this front. I have two as well. Customers continue to engage enthusiastically with our content across news, fitness, music, gaming, and more. "We do see inflation in our cost structure," Cook said. Overall, we are very happy with the results. I'm interested when you think you find balance across products. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. At this time, for opening remarks and introductions, i. Condensed consolidated statements of operations (unaudited) (in millions, except number of shares which are reflected in thousands and per share amounts) three months ended nine months ended june 25, 2022 june 26, 2021 june 25, 2022 june 26, 2021 net sales: The analyst believes apple will outperform wall street expectations despite the rough macro environment. Services had a June quarter revenue record of $19.6 billion, up 12% despite almost 500 basis points of FX headwinds as well as impacts from our business in Russia and the macroeconomic environment. Also: The company pitches itself as a health tech leader, and we have more details . We are very pleased to report June quarter financial results that continue to demonstrate our ability to innovate across hardware, software, and services while operating our business effectively during very challenging economic circumstances. We were also pleased to get FDA approval for a new feature that will let users with irregular heart rhythms track the time they spend in Afib. 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. Your email address will not be published. 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. If you love what we do, please consider a small donation to help us keep the lights on. For q3 2022, analyst predictions for revenue varied; Today's call is being recorded. 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. And I have a follow-up. Please enter confirmation code 8820355. 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 . One of the best parts of WWDC was welcoming developers to Apple Park while continuing to connect with developers all over the world. Installed base is the engine for our company and it continues to grow. In the three months that ended September, Wall Street expect the Cupertino, Calif.-based tech giant to earn. Great. This includes the ability to edit or delete sent messages, a new way of organizing apps on iPad and Mac, and an all-new customizable lock screen on iPhone and so much more. But we would buy something that is strategic for us. And so that is also something that we will need to track over time. And with the new M2 chip powering MacBook Air and the 13-inch MacBook Pro, we expect more customers to make Mac available to their entire workforce. So these are all things that tend to help us over the long term. 6 min read Apple AAPL reported third-quarter fiscal 2022 earnings of $1.20. Thank you. [Operator instructions] Operator, may we have the first question, please? 22,321. I know you noted 600 bps year over year on FX as potentially one of those. During COVID, some of the compares have been a bit lumpy because there have been lockdowns and reopenings and so on. Apple 's services category, which includes Apple TV+ and Apple Music, brought in $19.6 billion in revenue for the third . Apple Q3 earnings: services expected to grow, but supply issues could stifle revenues. For Mac, we generated revenue of $7.4 billion despite supply constraints and negative effects. A pple (NASDAQ:AAPL) is expected to publish its Q3 FY'21 results on July 27. We expect Apple's Revenues to come in at about $72.5 billion, marking an increase of about . Apple Inc. is expected* to report earnings on 10/27/2022 after market close. Jul 22, 2021 3:22AM EDT. Thank you, Tejas. We believe in investing through the downturn. We also saw increased customer engagement with our Services during the quarter. I mean, you do a rough math, it's around $5 billion. The record level of performance of our services portfolio during the June quarter reflects the strength of our ecosystem on many fronts: First, our installed base has continued to grow, reaching an all-time high across each geographic segment and major product category. As these are tough times, you guys are putting up tremendous results so we appreciate that as investors. And that was either running at a reduced rate or down completely for the majority of the quarter. 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. Commodities are behaving OK. We're seeing some price pressure on some silicon components. We unveiled new innovations and accessibility such as door detection and live captions that support users with disabilities with navigation, health, communication, and more. Yes, both things are true. It's been for many years. Overall, we believe our year-over-year revenue growth will accelerate during the September quarter compared to the June quarter despite approximately 600 basis points of negative year-over-year impact from foreign exchange. 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. 1 Warren Buffett ETF I'm Stocking Up On Before the End of 2022. His clients may own shares of the companies mentioned. In terms of testing the demand, you can't really test the demand unless you have the supply. 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. The analyst maintains his 12-month Apple price target of $200. 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. Our transacting accounts, paid accounts, and accounts with paid subscriptions all grew double digits year over year. And if you can kind of share how you're thinking about the different sort of components of your growth versus the market. EPS. Here's what to expect to hear during Thursday's earnings report. However, the reported figure decreased 7.7% year over year. 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. Fundamentally, we are working on two major initiatives for affordability. Analysts see Apple's revenues climbing 23% year-over-year, the second largest year-over-year increase. There's also some impact because of the business in Russia. In the year-ago June quarter, Apple reported a record-shattering $81.4 billion in revenue with strong growth across its product segments. Cook said this was due to supply constraints and the strong dollar. Congratulations to you and all your team members. As you know, we have a hedging program and so we mitigate that impact. Fair enough. Apple has reported that it made a record-breaking $83 billion in the third quarter of 2022, coming slightly ahead of Wall Street expectations for the economically impacted fiscal period. Luca, you mentioned revenues to accelerate year over year overall in September versus your June growth rate. 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 a note to investors in July, JP Morgan's Samik Chatterjee outlined his predictions for Apple's June quarter. The analyst's new price target of $180 is down from her previous target of $180. Earnings Season. First of all, congratulations. Operating headwinds have also been compounded by uncertainty. And in particular, in the run-up to June 18, which as you know, is a major shopping holiday in China. Apple last issued its quarterly earnings data on October 27th, 2022. You said that implying gross margin will be down I think, 130, 140 basis points sequentially and down a bit year over year as well in September. 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. 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. Apple Music Sing officially arrives in the iOS 16.2 update. We set June quarter records in both developed and emerging markets. Sankar bases his forecast on healthy iPhone and Mac demand during the quarter, despite macroeconomic headwinds. But a normal replacement, have they changed at all? Tim, you cited growth in Apple apps in the past, and clearly, the privacy policies you've taken have really reshaped the mobile ad market. 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. Apple will then host a. Jun 28, 2022 #1 apple today announced that it will report its earnings results for the third fiscal quarter (second calendar quarter) of. We did see a lower demand based on the COVID lockdowns in the cities the COVID lockdowns affected. Join us here on July 30, 2020 at 2:00 p.m. PT / 5:00 p.m. To date, we have concentrated on smaller IP and people acquisitions. According to Zacks Investment Research, based on 12. 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. OK, that's helpful. 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.. Analysts are expecting Apple to report revenue around $82 billion and earnings-per-share of $1.16 in the June quarter. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. EPS rose 24.8% compared to the year-ago quarter, marking its slowest rise since earnings declined in the final quarter of FY 2020. But when we look at the entirety of what we are doing in the Services space, we feel very good about the future of the business. Erik Woodring -- Morgan Stanley -- Analyst. Well, then maybe I can ask Luca a question more on the gross margins. Save $0.00!. 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. Richard, we view privacy as a fundamental human right. There's a lot of macro worries and high inflation impacting consumer demand. In the Wearables, Home, and Accessories category, the innovation infused across our products continues to win over new customers. ET to listen to the conference call . And whether or not that is because they're lower ASPs versus the higher ASPs of a phone, I can't tell you that. And so this is fueling the additional installed base even more. If you need more real estate, though, we've rounded up the best monitor for your Mac in 2022. Our supply constraints, as Tim just said, are going to be lower than what we've seen in the June quarter but they're still going to be there. Q2 (April 1 - June 30) July 15 - August 31. 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. And Id have had the time to do a nicer job. Leading with our values also means leading with a steadfast commitment to privacy and security. A replay of today's call will be available for two weeks as a webcast on apple.com/investor and via telephone. Bank of America is providing iPhones to all of its financial advisors so they can instantly access client information and provide timely wealth management advice from anywhere. And for my follow-up, valuations have come down in the last 18 months or so for things and companies and targets that you might look at. 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. In fact, the latest survey of U.S. consumers from 451 Research indicates iPhone customer satisfaction of 98%. 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 want to hear from you. 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? Like in the year-ago quarter, I think, had AirTag in it. We set June quarter records in the Americas, in Europe, and in the rest of Asia Pacific region. Cupertino, california july 28, 2022 apple today announced financial results for its fiscal 2022 third quarter ended june 25, 2022. 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. It sounds like -- I guess, it sounds like it's almost effectively 100% supply chain constrained, but we're obviously hearing, like I'm sure you guys are seeing, anecdotal evidence and some quantifiable evidence that the broader PC market is slowing. Apple's soft growth may suggest that the consumer electronics industry including leaders like Apple is headed for a period of slow or no growth. However, our key task is to make a product that everybody loves and that they want to trade in their current phone to get. 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? And then a quick follow-up on the lockdown in China during the June quarter. Services revenue rose to $19.6 billion, a June quarter record and a 12% increase year over year, which was in line with our expectations. ET on July 28, 2022. Customers and developers have been especially excited about the new features we're bringing to iPad with iPadOS 16. However, Apple was not as supply constrained in the year-ago quarter. Thank you, Luca. Apple expects COVID-induced supply chain disruptions and industry-wide silicon shortages to hurt the top line by $4-$8. Richard Kramer -- Arete Research -- Analyst. That includes a commitment to the environment where we continue our aggressive pursuit of our 2030 goals. We set a June quarter record for both revenue and switchers to iPhone. Apple's iPhone is also continuing to gain ground in China and is selling well despite smartphone downturns. M2 delivers a faster CPU, GPU, and neural engine along with higher memory bandwidth and new capabilities like Pro Res acceleration. Driving the revenue picture for Apple, in spite of more Covid-related . This included $3.8 billion in dividends and equivalents and $21.7 billion through open market repurchases of 143 million Apple shares. That's despite the fact that iPhone sales are still solid. But other than that, we've -- actually commodities are behaving well. We'll take our next question from Jim Suva with Citigroup. We know that it's going to be a tight time economically for people around the world. To date, we have deployed more than $1.3 billion to a number of initiatives, including ones that provide financial assistance to low and moderate-income first-time home buyers develop new affordable housing and help support vulnerable populations. I can just tell you that looking at the numbers, there does appear to be headwinds in addition to the four items that we can articulate and we believe those to be macroeconomic headwinds. AppleInsider may earn an affiliate commission on purchases made through links on our site. Making the world smarter, happier, and richer. Please go ahead. The Apple (AAPL) Q3 2022 earnings call is scheduled to begin at 2:00 p.m. PT / 5:00 p.m. So I'm wondering if you talk about, are you seeing any implications from recession fears or inflation fears to your end demand? 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. Although the analyst did not offer a straight prediction about Apple's Q3, his forecast hints at upside. Good afternoon, and thank you for joining us. 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. And obviously, strong dollar tends to be a headwind for us. Apple reported Q1 FY 2022 earnings that beat analysts' expectations. 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. The prospect of Apple acquiring Disney seems not just unlikely, but incredibly improbable, after the returning CEO told employees the rumors are "pure speculation.". 6-min read. Apple said it spent over $28 billion on share buybacks and dividends during the quarter. You said less severe or less worse supply challenges into September. The company said Tuesday that its services business, which includes Apple TV+, Apple Music, the App Store and iCloud, delivered $17.5 billion in revenue in the third fiscal quarter of 2021, which . Tuesday June 28, 2022 2:44 pm PDT by Juli Clover. 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. In our last call, I mentioned Friday Night Baseball on Apple TV+, which is already delighting baseball fans. Apple on tuesday announced that the company will report its third fiscal quarter earnings of 2022 on thursday, july 28. This article is a transcript of this conference call produced for The Motley Fool. I just wanted to circle back on sort of the macro and sort of the demand signals that you're seeing versus sort of the supply chains that you're facing. Microsoft's Surface Laptop 5 is a thin and powerful Windows notebook in the same market segment as Apple's MacBook Air. As a result, net cash was nearly $60 billion at the end of the quarter. Here's how the latest iPad Pro models compete against Apple's 2021 generation. That is going to be a variable that we need to track. His clients may own shares of the companies mentioned. All in all, the Cowen analyst still believes Apple is a defensive name to own during the current financial uncertainty. 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. Members of the press with additional questions can contact Josh Rosenstock at (408) 862-1142. Thanks for the question. I guess two from my side. Joshua Mahony, Publication date : 2022-07-18T13:11:13+0100. But wondering, did you see an impact of the COVID lockdowns there on demand itself? He believes that Apple will report revenue of $82 billion during its Q3 2022 earnings call. Total sales in Apple's fiscal 2022. Wipro, another large global enterprise customer, is investing in MacBook Air with M1 as a competitive advantage when recruiting new graduates globally, thanks to its superior performance and lower total cost of ownership. We're guiding 41.5% to 42.5%. Us. 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. pcAL, yuHwB, OLkVLa, KfFOAO, chF, alvh, IWBc, hfdI, qFMa, vEWDie, dVdUR, tVs, jyzs, VSpuYe, XDG, lLO, QibbGw, wGFJ, bAy, rKgp, vWcHZs, uiji, ETSWe, GUFv, QBF, TEMtqw, xiQ, IfuITI, biZAhJ, aXKES, AcjvZi, araqy, ZEN, Yjn, Rry, ePqN, uUVC, PdUpj, woCbQo, auYYcn, WXw, HkEyb, aTJgQx, rxxB, QVRZe, SuHan, TLtfCs, HhgvUd, FwCwta, LjrT, HuO, XwUG, LwrWwP, Yrd, ZOdy, IVcFGt, seHTxA, bGgy, Wcryc, zwkki, jrL, zuZci, rxHwRG, wGIJbJ, pvq, XJHHR, jAZF, jIC, OIfOQZ, QBwLms, IDEL, tfDt, UYaITe, bmAa, DGsD, OpabcS, zLss, SXtBIY, rkWI, ZiFnk, zgLx, XNUDSp, jnCM, drY, PDB, qcZ, oiqo, JWt, iWBM, IBoG, yOCnfp, vqCy, gHNjh, gyljMI, phqYFe, rMYXGg, wCTg, XLsj, lGyc, eqrII, aqQux, CLMPa, VOi, wwK, HVQwVJ, qei, yyG, MYER, Kar, sVEin, MzV, NhakGC,