Apple (AAPL) 05 (Aug 18 - Jul 23)

[winston]

not vested

Sales of Apple’s iPhone rebounded last quarter, helping the world’s most valuable company top earnings estimates and weather an industrywide downturn that has battered much of its product lineup.

Overall revenue amounted to US$94.8 billion in the fiscal second quarter, according to a statement on Thursday (May 4), exceeding the US$92.6 billion analysts predicted.

As expected, Apple announced plans for US$90 billion in stock repurchases – the same as last year’s plan.

The company also raised its quarterly dividend 4 per cent to 24 US cents a share.

Though the performance was better than expected, it marked two straight quarters of sales declines – a first for Apple since the pandemic began.

Earnings, meanwhile, were unchanged from a year earlier, at US$1.52 a share. That compared with an average estimate of US$1.43 a share.

Source: Phillips

[winston]

not vested

Apple reported a 3% year-over-year drop in both revenue and net income to $94.84 billion and $24.16 billion, respectively, for the quarter ended April 1.

Both numbers, however, beat Wall Street expectations, buoyed by growth in iPhone sales.

CEO Tim Cook is optimistic about Apple’s prospects in Asia, and the company’s shares rose 2.3% in extended trading.

Source: CNBC

[behappyalways]

Apple Jumps After Beating Across The Board, Announcing Massive $90 Billion New Stock Buyback
https://www.zerohedge.com/markets/apple ... ck-buyback

[winston]

not vested

Apple Inc. - Expecting revenue contraction

2Q23 results were within our expectations. 1H23 revenue/PATMI at 53%/54% of our FY23e forecasts.

Revenue contraction was lower than company guidance due to better-than-expected iPhone sales. Gross margin expanded by 130 basis points QoQ.

3Q23 guidance is for revenue YoY decline of around 2%-3% with gross margin remaining stable QoQ.

Weakness due to product revenue facing challenges from the macro conditions.

We cut our FY23e revenue by 5% and PATMI by 4% to account for expected continued revenue contraction in 3Q23.

We downgrade from BUY to ACCUMULATE rating with a lowered target price of US$183.00 (prev. US$186.00), with a WACC of 6.5%, and a terminal growth rate of 3%.

We forecast FY23e revenue to contract relative to FY22 as sales are expected to continue declining in 2H23e, with positive growth returning in FY24e.

Source: Phillips

https://www.poems.com.sg/stock-research/AAPL/

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$AAPL revenue vs top tech companies

https://twitter.com/Mayhem4Markets/stat ... 2134613018

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Mac, helmet, iOS17 all coming? Apple WWDC is estimated to be the longest in history! Meta is the first to release the new "Quest 3" GPU performance doubled and 40% thinner

Mac.頭盔.iOS17通通來?蘋果WWDC估史上最長! Meta搶先發表新"Quest 3"GPU效能翻倍 瘦身40%｜非凡財經新聞｜20230602

https://m.youtube.com/watch?v=zY806kOd1UU

[behappyalways]

Apple Vision Pro Headset: Price, Specs and Other Details | WSJ
https://m.youtube.com/watch?v=1-AsdaEZk58


I Tried Apple’s Vision Pro Headset: A Hands-on Reaction | WSJ
https://m.youtube.com/watch?v=bwUZUG8x2MI

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ABC Exclusive Interview with Cook Talks about Spatial Computing and Calls for Supervision of AI

ABC獨家專訪庫克 大談空間運算.呼籲監管AI｜FOCUS午間新聞 20230609 @tvbsfocus

https://m.youtube.com/watch?v=7kmXWSbk35E

[behappyalways]

AI steals the halo of the metaverse, can Apple's MR helmet become a market wave maker?! The biggest pain point is too expensive..."Leverage" to seize the market?

AI搶走元宇宙光環 蘋果MR頭盔能成市場造浪者?! 最大痛點太貴了..."借力"搶市占?蘋果在打什麼算盤｜非凡財經新聞｜20230614

https://m.youtube.com/watch?v=YdXS9u2QYL8

[behappyalways]

Apple hits historic US$3 trillion milestone
https://www.theedgesingapore.com/news/t ... -milestone