5/4/2023: Apple Reports Better than Expected Earnings
greatreset2022.substack.com
Apple reports quarterly earnings ending 3/31/2023 after market close today. Revenue was $94.84B vs. $92.96 expected. EPS was $1.52 vs. $1.43 expected. Gross margin was 44.3% vs. 44.1% expected. Service revenue was $20.91B vs. $20.97 expected. Product wise, iPhone revenue was$51.33B vs. $48.84B expected. Mac revenue was $7.17B vs. $7.8B expected. iPad revenue was $6.67B vs. $6.69B expected. Other revenue was $8.76B vs. $8.43B expected. It appears that Apple beat earnings primarily because of the strong iPhone sales. But on a year-over-year basis, Apple’s product revenue is down across the board except for iPhone, which has a small 1% sales growth YoY.
5/4/2023: Apple Reports Better than Expected Earnings
5/4/2023: Apple Reports Better than Expected…
5/4/2023: Apple Reports Better than Expected Earnings
Apple reports quarterly earnings ending 3/31/2023 after market close today. Revenue was $94.84B vs. $92.96 expected. EPS was $1.52 vs. $1.43 expected. Gross margin was 44.3% vs. 44.1% expected. Service revenue was $20.91B vs. $20.97 expected. Product wise, iPhone revenue was$51.33B vs. $48.84B expected. Mac revenue was $7.17B vs. $7.8B expected. iPad revenue was $6.67B vs. $6.69B expected. Other revenue was $8.76B vs. $8.43B expected. It appears that Apple beat earnings primarily because of the strong iPhone sales. But on a year-over-year basis, Apple’s product revenue is down across the board except for iPhone, which has a small 1% sales growth YoY.