Earnings Call

Interesting points from Apple’s Q2 earnings call

Cody Lee ∙ Updated May 7, 2018

Apple earlier today announced the financial results for its fiscal second quarter of 2018, and the numbers for the 3-month period are outstanding. The company beat Wall Street expectations across the board, and grew in almost every category year-over-year.

Following the release of its earnings report, CEO Tim Cook and CFO Luca Maestri hopped on a conference call to talk about Apple's performance. And as usual, we've put together a roundup of some of the more interesting points and highlights from the call.

Apple’s Q2 2018: 52.2M iPhones, 9.1M iPads, $61.1B revenue

Cody Lee ∙ May 1, 2018

Apple this afternoon disclosed its [fiscal] Q2 2018 earnings report, offering a look at its performance over the last 3 months. The company beat Wall Street expectations in just about every category, selling 52.2 million iPhones and earning $61.1 billion in revenue. Here's a full breakdown of the numbers.

Apple to report Q2 2018 earnings on May 1

Cody Lee ∙ April 2, 2018

Apple has announced that it will be sharing the earnings results for its second fiscal quarter of 2018 on the first of May. The company has scheduled a conference call for Tuesday, May 1 at 5pm ET (2pm PT) to talk about its performance over the past 3 months.

Interesting points from Apple’s Q1 earnings call

Cody Lee ∙ Updated February 5, 2018

Apple this afternoon announced the financial results for its fiscal first quarter of 2018, and the numbers for the 3-month are good but not great. The company beat EPS and revenue expectations, but fell short in iPhone sales.

Following the release of its earnings report, CEO Tim Cook and CFO Luca Maestri hopped on a conference call to talk about Apple's performance. And as usual, we've rounded up some of the more interesting points from the call.

Apple to report Q1 2018 earnings on February 1

Cody Lee ∙ January 2, 2018

Apple on Tuesday announced that it will be sharing its earnings for its first fiscal quarter of 2018 on the first of February. The company has scheduled a conference call with analysts and investors to share the results on Thursday, February 1 at 2pm PT (5pm ET).

Interesting points from Apple’s Q4 earnings call

Cody Lee ∙ November 2, 2017

Apple announced the financial results for its fiscal fourth quarter of 2017 this afternoon, and the numbers for the 3-month period are outstanding. All metrics were up from the year-ago quarter, including a 12% increase in revenue and 3% increase in iPhone sales.

Following the release of its earnings, CEO Tim Cook and CFO Luca Maestri hopped on a conference call to talk about Apple’s performance and offer up some insights into its future. And as usual, we've rounded up some of the more interesting points from the call.

Apple’s Q4 2017: 46.7M iPhones, 10.3M iPads, $52.6B revenue

Cody Lee ∙ November 2, 2017

Apple on Thursday reported its [fiscal] Q4 2017 earnings, offering a look at its performance over the last 3 months. The company absolutely crushed expectations, selling 46.7 million iPhones, up a little over a million units from the same quarter a year ago, and made $52.6 billion in revenue, up over $5 billion year-over-year. Here's a full breakdown of the numbers.

Google’s traffic acquisition costs rise, likely due to the Apple search deal

Christian Zibreg ∙ October 27, 2017

A long-running deal with Apple that makes Google the default search engine in the mobile and desktop Safari browser is becoming more and more expensive for the search giant.

Interesting points from Apple’s Q3 earnings call

Cody Lee ∙ August 1, 2017

Apple announced the financial results for its fiscal third quarter of 2017 this afternoon, and the numbers for the 3-month period are outstanding. All metrics were up from the year-ago quarter, including a 7% increase in revenue and 2% increase in iPhone sales.

Following the release of its earnings, CEO Tim Cook and CFO Luca Maestri hopped on a conference call to talk about Apple’s performance over the last 3 months, and offer up some insights into its future. Here are some of the more interesting points from the call.

Apple has 185 million paid subscriptions across all services. Apple services have added 20 million new subscribers over last 3 months. Walmart deploying 20K+ iPads to employees in the US. iPad sales grew in all geographical segments, with strong double-digit growth in the U.S. and Greater China. CFO Luca Maestri: iPhone channel inventory the lowest in 2.5 years. iPhone ASP (average selling price) at $606, up from $595 in the year-ago quarter. Tim Cook: 2/3 of Apple's employees are in the United States. We'll have more to say about that later in the year. Apple has new advanced $1 billion manufacturing fund for US companies. First $200 million goes to Corning Glass. Tim Cook: I think AR is big and profound. This is one of those things we'll look back at and marvel at the start of it. Apple has brought in talent behind Breaking Bad and The Crown to help with content creation. Cook: In terms of autonomous systems, we're very focused on it from a core tech point of view. We have a large project ongoing, and we're making a big investment in this. Apple retail and online stores saw over 300 million visitors this quarter.

Apple's stock is up 6% in after-hours trading on the back of today's strong performance report. If you want to listen to today’s earnings call, a replay will be available here for a limited time.

Apple’s Q3 2017: 41M iPhones, 11.4M iPads, $45.4B revenue

Cody Lee ∙ August 1, 2017

Apple on Tuesday reported its [fiscal] Q3 2017 earnings, offering a look at its performance over the last 3 months. The company says that during the period it sold 41 million iPhones, up slightly from the year-ago quarter, and made $45.4 billion in revenue, also up from last year. Here's a full breakdown of the numbers.

This quarter's numbers compared to those from Q3 2016:

Revenue: $45.4 billion versus $42.4 billion last year, up 7% iPhones: 41 million versus 40.4 million last year, up 2% iPads: 11.4 million versus 10 million last year, up 15% Macs: 4.3 million versus 4.2 million last year, up 1%

And here are some comments from Tim Cook and Apple CFO Luca Maestri:

“With revenue up 7 percent year-over-year, we’re happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue,” said Tim Cook, Apple’s CEO. “We hosted an incredibly successful Worldwide Developers Conference in June, and we’re very excited about the advances in iOS, macOS, watchOS and tvOS coming this fall.”

“We reported unit and revenue growth in all our product categories in the June quarter, driving 17 percent growth in earnings per share,” said Luca Maestri, Apple’s CFO. “We also returned $11.7 billion to investors during the quarter, bringing cumulative capital returns under our program to almost $223 billion.”

Apple will be starting its conference call shortly, so stay tuned for more highlights from their Q3 earnings.

Apple’s Q2 2017: 50.8M iPhones, 8.9M iPads, $52.9B revenue

Cody Lee ∙ May 2, 2017

Apple on Tuesday reported its [fiscal] Q2 2017 earnings, offering a look at its performance over the last 3 months. During the period, the company sold 50.8 million iPhones, down slightly from the year-ago quarter, and made $52.9 billion, up 5% from last year. Here's a full breakdown of the numbers.

15 interesting points from Apple’s Q1 2017 earnings call

Cody Lee ∙ January 31, 2017

Apple announced the financial results for its fiscal first quarter of 2017 this afternoon, and the numbers for the holiday period are pretty good. The company beat Wall Street estimates by putting up a record 78.3 million iPhone sales and more than $78 billion in revenue.

Following the release of its earnings, CEO Tim Cook and CFO Luca Maestri hopped on a conference call to talk about their company’s performance over the last 3 months, and offer up some insights into its future. Here are some of the most interesting points from the call.