“It’s tech meltdown.”
$$$$$$$$$$$$$
Apple’s earnings call is at 500pm EDT. They are the $2.5 trillion elephant in the room.
Hearing about a lot of problems with the new iPhone 14 and/or IOS 16.
Re: 8
EPS $1.29 vs. $1.27 est
Revenue. $90.15 billion vs. $88.90 billion estimated, up 8.1% year-over-year
iPhone revenue: $42.63 billion vs. $43.21 billion estimated, up 9.67% year-over-year
Mac revenue: $11.51 billion vs. $9.36 billion estimated, up 25.39% year-over-year
iPad revenue: $7.17 billion vs. $7.94 billion estimated, down 13.06% year-over-year
Other Products revenue: $9.65 billion vs. $9.17 billion estimated, up 9.85% year-over-year
Services revenue: $19.19 billion vs. $20.10 billion estimated, up 4.98% year-over-year
Gross margin: 42.3% vs. 42.1% estimated
“ Apple’s earnings call is at 500pm EDT. They are the $2.5 trillion elephant in the room.”
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RECORD EARNINGS! Which is somewhat of a miracle given economic conditions.