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Apple Reports Second Quarter Results
- malshe 4y agoBtw, the repurchase program just got way bigger: > The board of directors has also authorized an increase of $90 billion to the existing share repurchase program.
- changoplatanero 4y agoWhat an amazing company!
- usaphp 4y agoI've ordered a new macbook 14" in early March, my delivery date slipped twice already, now it says it's going to be delivered in July. I wonder how much more money would they make if not for supply issues.
- vuln 4y agoWell it’s stopped me from upgrading my maxed out 2015 mbp. I’m very impatient and the 2015 is still going strong so part of me doesn’t even want to spend the money on a new device and then wait months for it to arrive.
- latchkey 4y agoYou've been waiting 7 years already, what is another couple of months?
- sillysaurusx 4y agoDitto. At this point it’s easier just to drive to Chicago and pick one up.
- olliej 4y agoyeah I got a studio w/studio display+trade in, the studio itself arrive in a week or so I think? with a week available for the return. Then at the end of the delivery window for the display the silently bumped it to Aril 27. Yesterday they silently bumped it to May 27. Fair depressing experience.
- threeseed 4y agoSame issue with the Studio Display. In most countries the backlog is 1-2 months away.
- aosaigh 4y agoLikewise. I cancelled my order as a result.
- herpderperator 4y agoI mean, you paid them already.
- curiouscats 4y agoThey mentioned in the conference call they anticipate $4 to $8 billion in supply chain related lost business in this quarter. At 33% profit margin and using the mid-point of $6 billion that would cost them $2 billion in missed profit this quarter.
- windowsrookie 4y agoMust just be the 14" models? Best buy near me has the 16" models available for pickup and they are on sale for $250 off right now, making them cheaper than the 14".
- floatinglotus 4y agoThese earnings are insane! Check out the P/E of the stock tomorrow even after it goes up at the open, the stock is still a steal at this price.
- dannyw 4y agoI like to buy my companies at about 15x P/E.
- adam_arthur 4y ago25-30x PE is not a steal lol. What kind of funny math is that?
- galogon 4y agoThe Watch, Mac and iPhone are doing great but the iPad lacks ambition and doesn't seem to have a direction. Who is in charge of the iPad division at Apple?
- idoh 4y agoIt has the ambition, agree that they haven't figured it out yet. I think that it just might be a hard problem to figure out. I have an iPhone, an iPad, and a MacBook. I really understand when I want to use the phone or the notebook computer. The iPad is sort of in the middle. I have made attempts at doing all my work stuff on it, but failed every time. Simple things like taking a screenshot over here and pasting it over there just feel harder on the iPad. I really want them to figure it out though!
- dwb 4y agoA while ago I had an iPad, didn’t like it because of its limitations, and sold it. Now I have an iPad and love it despite its limitations. I think iPadOS still has a way to go, but it’s definitely progressing for me.
- oumua_don17 4y agoWhen combined with Apple Pencil it’s the best digital note taking device. I hardly need to use pen and paper any more. Note taking, reading books and watching videos, playing board games makes it’s a fun and work device. YMMV.
- idoh 4y agoYeah, maybe I'm doing it wrong. Don't try to do everything on it, just use it for when you would want to sketch things out and don't look back. This comment inspired me to plug in my pencil and try it out for that.
- escapedmoose 4y agoSame. I have both an iPhone and a MacBook as well, but with the Pencil, I just want to do everything on the iPad. It’s become my single notebook and sketchbook—-this is saying a lot coming from someone who has gone through countless fancy notebooks and fountain pens. I still use traditional media for anything I want to last, but for ideation and sketching practice, it’s all iPad all the time for me now.
- lvl102 4y agoI am simply amazed by how much money this company makes. Nice boost to Mac business with the new Macbook Pros selling like hotcakes and OOS constantly.
- zitterbewegung 4y agoThey are worth it. Nearly every complaint was addressed in the new MacBooks Pros and I feel like its a return to form for the company. The only downsides I can really see is that Wifi on the laptop should have been 6E and the SD Card should have been SD Express but it seems like it was that way due to the length it took being engineered (which isn't an excuse).
- lvl102 4y agoMy only gripe is the lack of USB-A to make it truly dongle free.
- ghaff 4y agoI'd need a hub in my office anyway. But when traveling it would be nice to have a USB-A so that I could mostly get by without plugging in a hub or at least a dongle.
- dontlaugh 4y agoExactly. USB A would be far more useful than the SD card slot for almost everyone.
- threeseed 4y agoMacBook Pro is not designed for everyone. Content creators rely on SD cards everyday and cameras actively sold today use it. Devices stopped being shipped with USB-A a long time ago now.
- smoldesu 4y agoI have a hard time believing that people use SD cards more frequently than they do USB-A. Sure, photographers probably get good use out of it, but developers, students, content creators who aren't shooting with DSLR, animators, musicians, 3D artists, regular artists and video editors will probably never touch it. There are plenty of fairly common USB-A peripherals still in use anyways. A lot of audio interfaces, mice, keyboards and webcams rely on low-bandwidth but ubiquitous ports like USB-A. Apple and their pride would never put one on a modern Mac, but we're really at an impasse: neither side will adopt either standard, so it's more likely that we'll simply see wireless peripherals gain popularity instead. Not exactly bad, but kinda an asinine take for a company that just released a professional desktop computer with USB-A, but refused to add it to their laptops.
- candiddevmike 4y agoIs the "Services" category under Net Sales where they're sticking the app store/B2B service revenue (ads, payments)?
- ksec 4y agoYes.
- deathanatos 4y ago> its fiscal 2022 second quarter ended March 26, 2022. Apple's 2022Q1 is completely in 2021?
- lotsofpulp 4y agohttps://www.investopedia.com/terms/f/fiscalyear.asp https://www.investopedia.com/terms/f/fiscalyear.asp
- deathanatos 4y agoI'm not sure what I'm supposed to take away from that. I'm well aware a fiscal year doesn't need to match a calendar year, but I've never heard of a company starting prior to the calendar year, and usually it's at least month-aligned. (Almost sort of one of those "assumptions programmers make about time" article bullets…) Like, given that the fiscal year doesn't have to match the calendar year, why not slip some leap days or not slip some leap days to at least align subsequent FYs to a month? (If not a quarter, since they seem pretty close but not quite.)
- altdataseller 4y agoIt’s actually very common among enterprise software companies
- dekhn 4y agoyes, I would expect many companies are based on june so Q1-Q2 are in year n-1.
- outside1234 4y agoMac was the fastest growing hardware product too (ref: https://www.cnbc.com/2022/04/28/apple-aapl-earnings-q2-2022.html https://www.cnbc.com/2022/04/28/apple-aapl-earnings-q2-2022....)
- didip 4y agoAnd yet, the stock goes down. Market expectation is truly unpredictable. FB missed revenue expectation and went up.
- username_my1 4y agoBecause of something called P/E ratio
- tomatowurst 4y agosupply chain issues
- dubcanada 4y agoThat has about as much to do with earnings as a coin flip. If it was entirely that everyone would just buy based on P/E. and since that’s a public number all stocks would be predictable. Instead we have TSLA at 128 P/E and AAPL at 28 P/E, MDB is at 9 P/E and was -2 a few months ago. None of that makes sense it’s purely speculation. I’ve seen stocks completely miss and fly off good guidance. And stocks beat by a lot and sell off because there is no volume.
- rileymat2 4y agoStocks are risk adjusted speculation, we want to think they are not, but it is simply not true.
- shapefrog 4y ago>Because of something called P/E ratio It is not. It is about guidence for the next quater - Apple Posted Another Great Quarter. The Next One Might Not Be As Good. (apple themselves say)
- Someone 4y agoIf you assume the market estimates the true value of a company, any reasonable model will have it predict a company’s value with an error that may be either too high or too low. When a new data point comes in, the market adjusts its estimate. That can be lower than it was, certainly if its previous estimate was too high. It seems the market expected Apple to do even better.
- spaceisballer 4y agoI’m not surprised that the iPad has a decline. My son has a few year old 9.7” iPad and it works great still. Consume media very easily and even have games. I can notice the difference between it and my 2018 iPad Pro but I could see people are just not going buy new ones every year or two. I’d like the M1 iPad Pro but it’s not worth the jump in price.
- sillysaurusx 4y agoApple Pencil! iPad with procreate is bread and butter. It was what got me to go for the pro.
- noahtallen 4y agoThe 2018 iPad 6th gen is also compatible with the Apple Pencil :)
- zuhsetaqi 4y agoWhile true it's a huge difference to draw with 60 Hz refresh rate and a big gap between the glass and the screen panel versus 120 Hz and a very tiny gap
- hollandheese 4y agoYeah. Until Apple presents a good software reason to upgrade an iPad, most people are just going to stick with the iPad they have until it breaks.
- _ph_ 4y agoIndeed, I think the artificial restrictions on iPadOS are the #1 reason the iPad isn't eating up a larger part of the laptop space. Until software on the iPad becomes more useful, there is less reason to upgrade.
- tmp_anon_22 4y agoOutside niche games that require performance, there is just no reason to upgrade a dumb media device.
- olliej 4y ago"Apple Reports Second Quarter Results Revenue up 9 percent to new March quarter record Services revenue reaches new all-time high" For anyone like me who didn't want to actually have to go a read them :D Revenue: B$97.3, up 9% EPS: $1.52 Operating Cashflow: B$28 Returned B$27 to shareholder (buybacks, dividends I assume?) Ah: Divided: $0.23/share Share pepurchase fund increase: B$90
- malshe 4y agoNet sales: $97 billion Operating income: $30 billion Net income: $25 billion Net sales by category in millions - iPhone : $50,570 Mac: $10,435 iPad: $7,646 Wearables, Home and Accessories: $8,806 Services: $19,821
- simulate-me 4y agoServices at 40% of iPhone revenue is pretty amazing.
- zaphirplane 4y agoWhat !! Mac 20% of the iPhone cash cow, come on hire 20 more devs for macOS I know m1 switch took some effort