We expect foreign exchange impact on a sequential basis to be 50 basis points. Here's how to choose which tablet to buy for your budget. We are proud of the fact that the iOS app economy supports more than 2.2 million jobs here in the United States and many more around the world. Joshua Mahony, Publication date : 2022-07-18T13:11:13+0100. The offset bars kind of look like things are going up/down. As earnings season continues to unfold, one important report to watch next week is Apple 's ( AAPL -0.34%). That is going to be a variable that we need to track. We're thrilled right now to have over 14,000 ARKit apps in the App Store. Analysts are expecting Apple to report revenue around $82 billion and earnings-per-share of $1.16 in the June quarter. Hall actually thinks Apple will edge those numbers out, reporting $9 5 billion in sales, 4 3 % margins, and $1.45 in per-share earnings. 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A replay of today's call will be available for two weeks as a webcast on apple.com/investor and via telephone. Ives acknowledges the current "nervous market backdrop." Apple (AAPL) on Thursday reported its profits declined by nearly 11% in the three months ending in June from the same period a year ago as the company works through an economic downturn and supply . But your comments really suggest no slowdown. Analysts see Apple's revenues climbing 23% year-over-year, the second largest year-over-year increase. To give you a little more color on what we saw in the June quarter, we came in slightly below, from a constraint point of view, the $4 billion number that we had put, at the four to eight are the low end of that range. And with that, I'll turn it over to Luca. And then a quick follow-up on the lockdown in China during the June quarter. Of course, the most important thing for us is to maintain an incredible customer satisfaction and loyalty from the customers. That implies there could be some pressure next year as upgrade rates slow. So when you look at those three headwinds and you combine them with the acceleration that we talked about, we feel that that is pretty remarkable. Meaning where do you think we could see an acceleration or maybe a deceleration? Although the analyst did not offer a straight prediction about Apple's Q3, his forecast hints at upside. AAPL earnings Q3 2022 will plateau - analysts Yahoo Finance has its. Q1 (Jan 1 - March 31) April 15 - May 31. [Operator instructions] Operator, may we have the first question, please? This year, we had an incredible group of developers and more opportunities to learn from one another than ever before. Our transacting accounts, paid accounts, and accounts with paid subscriptions all grew double digits year over year. We set June quarter revenue records in both developed and emerging markets and set all-time records in many countries around the world, including the U.S., Mexico, Brazil, Korea, and India. At this time, for opening remarks and introductions, i. Condensed consolidated statements of operations (unaudited) (in millions, except number of shares which are reflected in thousands and per share amounts) three months ended nine months ended june 25, 2022 june 26, 2021 june 25, 2022 june 26, 2021 net sales: The analyst believes apple will outperform wall street expectations despite the rough macro environment. Apple looking to rely on services revenues, as the production and delivery of physical products come under the spotlight thanks to logistical and supply chain issues . We'll take our next question from Wamsi Mohan with Bank of America. I guess, particularly in the services area, would there be an appetite on behalf of Apple to accelerate the growth of its Services business by looking at external products to acquire? We'll take our next question from Samik Chatterjee with J.P. Morgan. Please go ahead. Making the world smarter, happier, and richer. His clients may own shares of the companies mentioned. OK, Luca. I did it on my iPad in Vectornator, using it for the first time. Got it. And then maybe, Luca, for you. Apple AirPods Pro 2 drop to $199 ($50 off) with top holiday deal, Apple Car can be a success without a wow factor, Apple in 2023: AR, VR, HomePod, Mac Pro, AirPods Max, Pitaka MagEZ Pro Case review: Wireless iPad charging at a steep price, Daily deals Dec. 11: $150 off 24-inch iMac, $100 off AnyCubic Resin 3D printer, $779 Apple Watch Ultra, more, Twitter Blue will cost $11 per month for iOS app subscribers, Grab a 14-inch MacBook Pro for just $1,574 with B&H's Payboo Card, MacCleaner Pro review: Simple, fast app for reclaiming storage space, speeding up Mac. And so we see the digital advertising cloud, if you will, continuing in the current quarter. Tim, any thoughts on how you're thinking strategy is evolving with respect to progress in AR, VR in your existing products? Last month, Apple unleashed a wave of innovation, including the completely redesigned MacBook Air and a new 13-inch MacBook Pro. The earnings report and subsequent call will provide insight into product performance in the period between march and june. 22,321. And how do you see the evolution of various payment plans out of the -- you see in the U.S. now into other markets, especially emerging markets? Daniel Ives of Wedbush believes that supply disruptions and ongoing constraints will have an obvious effect on the June quarter. Apple AAPL reported third-quarter fiscal 2022 earnings of $1.20 per share, which beat the Zacks Consensus Estimate by 5.26% and our estimate of $1.10 per share. And we were so far from that last quarter that we have an estimate of what we believe demand was. And you mentioned in your prepared remarks that you saw sort of the record number of switchers in the quarter. I'm interested when you think you find balance across products. While I'm calling you on my iPhone 13 Max Pro and loving it, I just wanted to ask you, though, with replacement cycles, have you noticed any change now that we've been through like two and a half years of COVID where people upgrading at a different rate and kind of post-COVID, hopefully, upgrade cycles or replacement cycles, how we should kind of think about that? According to Zacks Investment Research, based on 12. And, Tim, I apologize, it's also macro-related. And paid subscriptions showed very strong growth. Sign up for free newsletters and get more CNBC delivered to your inbox. And of course, the other key variables are some things that Luca mentioned earlier where the size of the installed base has been growing significantly. We'll take our next question from Jim Suva with Citigroup. The analyst believes Apple will outperform Wall Street expectations despite the rough macro environment. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. With its advanced performance, capability and ease of use, customers continue to find that iPhone remains the gold standard for smartphones. Made me laugh though, so was worth it. EPS. As we move from the June to the September quarter, maybe can you dig a level deeper and kind of help us understand some of the moving pieces in the services business? Operator: Good day, and welcome to the Duluth Holdings, Inc. Third . Data is a real-time snapshot *Data is delayed at least 15 minutes. Tejas Gala -- Director, Investor Relations, and Corporate Finance. Here's how the rival tablets square up. And we're committed to doing our part to address the housing crisis across California. It's been for many years. In a note to investors in July, JP Morgan's Samik Chatterjee outlined his predictions for Apple's June quarter. Cook said the ultimate hit came in under $4 billion. We have incorporated all of our thoughts in the guidance that Luca gave, which says that we think in the aggregate, we're going to accelerate revenues in the September quarter as compared to the June quarter and will decelerate on the Services side. Apple's iPhone revenues increased only 5.5% in Q2 due to supply chain disruptions and lockdown in China, its second-largest market. +20 Iphone 14 Release Date And Price Australia References, +20 When Does The New Iphone Update Come Out 2022 Ideas, The Best New Iphone Coming Out In March 2022 References, Incredible Iphone Release Date 2022 Uk References. We're proud of how Apple TV+ productions like Severance and Black Bird have captured the popular imagination, and we're looking forward to more exceptional content developed by extraordinary creators throughout the year. But if I go back and look at the sort of opex for the last few years, you've been increasing that by a double-digit percentage. Do you still feel that way? OK. We saw FX, which we've talked about. Apple will be reporting its earnings results for the third quarter of the 2022 fiscal year on thursday, july 28 at 1:30 p.m. For q3 2022, analyst predictions for revenue varied; Report reports fiscal q3 earnings on thursday, july 28 and wall street will be paying very close attention. 6-min read. And the iPhone active installed base reached a new all-time high across all geographies as a result of this level of sales performance combined with unmatched customer loyalty. Previewing Apple's Q3 earnings Wall Street is, once again, expecting a blowout quarter. Luca, very helpful. The analyst maintains his 12-month Apple price target of $200. And therefore, it's important for us to raise that awareness. Follow. Then the second lever is the customer engagement. Apple Music Sing officially arrives in the iOS 16.2 update. Our supply constraints, as Tim just said, are going to be lower than what we've seen in the June quarter but they're still going to be there. And trading programs. And so it was a very big impact to the Mac business. We ended the quarter with $179 billion in cash and marketable securities. Total sales in Apple's fiscal 2022. Jul 22, 2021 3:22AM EDT. Ben Bollin -- Cleveland Research -- Analyst. Any insights from that would be great. And they've been raving about the iPhone 13 lineup's extraordinary camera quality with features like cinematic mode and macro photography to create eye-catching content. Learn how to start using Apple's Advanced Data Protection feature and what you can expect from Apple's other privacy-related announcements. We also announced Apple Pay Later, which gives customers more flexibility to make purchases with their Apple devices. The Company posted an all-time revenue record of $123.9 billion, up 11 percent year over year, and quarterly earnings per diluted share of $2.10. That suggests revenues around $82 billion during the June quarter. The. Tuesday June 28, 2022 2:44 pm PDT by Juli Clover. Yes. But we would buy something that is strategic for us. We strive every day to be a place where imagination ignites innovation like nowhere else, where good people come together to achieve great things, where customers are the center of everything we do. And congrats on the results in this tough macro. It includes monthly subscriptions, payment fees, warranties, search licensing fees from Google, and revenue from the iPhone App Store. Jun 28, 2022. Apple on tuesday announced that the company will report its third fiscal quarter earnings of 2022 on thursday, july 28. Your wearables portfolio is probably at the lowest ASP range across your product portfolio. Get the latest Apple earnings report, revenues as well as upcoming AAPL earnings dates, historical financial reports, news, analysis & more. But in addition to those things, which -- those things affected all the products to some degree, we also had a different launch timing for certain home and accessory products. At this time, for opening remarks and introductions, i. You can tune in using the Shacknews Twitch embed below and, if you're coming. Apple narrowly beats estimates, reports record Q3 2022 revenue - 9to5Mac iPhone: $40.67 billion (Up 3% YOY) Mac: $7.38 billion (Down 10% YOY) iPad: $7.22 billion (Down 1.9%) Wearables:. Q3 2022 Earnings Call Dec 08, 2022, 5: . Cupertino, california july 28, 2022 apple today announced financial results for its fiscal 2022 third quarter ended june 25, 2022. However, GameStop is still sitting on a large cash pile of about $1 billion about . + google calendar + ical export. To date, we have deployed more than $1.3 billion to a number of initiatives, including ones that provide financial assistance to low and moderate-income first-time home buyers develop new affordable housing and help support vulnerable populations. . Good afternoon, and thank you for joining us. She expects Apple to report revenues around $80.6 billion. Both of these systems are powered by M2, our next generation of Apple silicon for Mac. It includes our focus on diversity and inclusion, where we are committed as ever to making progress. The company posted a june quarter revenue record of $83.0 billion, up 2 percent year over year, and quarterly earnings per diluted share of. Turning to services. Yes, Amit. And Tim mentioned that there are some pockets of weakness, primarily in digital advertising that we will need to work through. Here's how the Cupertino company could impress investors. But we have given a few data points. Supplies of the iPhone 14 Pro models have improved and moderated lead times for getting into the hands of customers, JP Morgan's tracker indicates, but lead times will continue to be a focus throughout December. In the Wearables, Home, and Accessories category, the innovation infused across our products continues to win over new customers. The Bose QuietComfort Earbuds II offer all of the comforts of noise-cancellation in a wireless package similar to the new AirPods Pro 2. Please go ahead. From a commodity standpoint, I think you were asking a question around components. But I wouldn't rule anything out for the future, and obviously, we are constantly surveilling the market. Though it didn't provide revenue guidance, Apple did say it expects gross margins between 41.5% and 42.5% and operating expenses between $11.1 billion and $11.3 billion. Just a further improvement on what @jellybelly suggested. Cook said the results were better than expected and CFO Luca Maestri said it was a "challenging operating environment. We expect OI&E to be around negative [Inaudible] impact from the mark-to-market of minority investments and our tax rate to be around 16%. "We had a record level of switchers and saw double digit growth for customers new to iPhone," Cook said. A recap of apple's fiscal q3 2022 financial results conference call can be found below. Here's how the latest iPad Pro models compete against Apple's 2021 generation. Services gross margin was 71.5%, down 110 basis points sequentially due to a different mix and foreign exchange. And that's utilizing iPhone and iPad. By william white, investorplace writer jul 25, 2022, 11:50 am edt. If you love AppleInsider and want to support independent publications, please consider a small donation. We now have more than 860 million paid subscriptions across the services on our platform, which is up more than 160 million during the last 12 months alone. If you can comment about the sort of exit run rate that you saw in that market, following the COVID shutdowns ending there. CUPERTINO, California July 28, 2022 Apple today announced financial results for its fiscal 2022 third quarter ended June 25, 2022. Yet we remain ever focused on the same vision that has guided us from the beginning. Microsoft's Surface Laptop 5 is a thin and powerful Windows notebook in the same market segment as Apple's MacBook Air. Yeah, clearly a nice typo. *Average returns of all recommendations since inception. And you keep adding -- as a company, you keep adding very interesting and transformative features such as payments, something like that every year. Sankar bases his forecast on healthy iPhone and Mac demand during the quarter, despite macroeconomic headwinds. Today's call is being recorded. Our investment focus on Mac has helped drive significant growth in our installed base, which reached an all-time high during the June quarter as nearly half of the customers purchasing a Mac were new to the product. Apple on tuesday announced that the company will report its third fiscal quarter earnings of 2022 on thursday, july 28. One of them is the foreign exchange environment. We think that we've got a great story with the Mac with getting M1 out and now M2 out. Apple expects revenue growth rate to decelerate in current quarter vs. December quarter Apple CEO Tim Cook said on Thursday that the company's supply chain challenges were improving, sending. Apple's board of directors declared a cash dividend of $0.23 per share on common stock, reflecting an increase of 5%. Given price points and the potential stagnant growth of Apple's tablets, the company's spring hardware could drive greater sales than in Q3 2022. Do you actually see any noticeable negative effects on your App Store revenue for the region or any positive effects like maybe more gaming downloads? To make the world smarter, happier, and richer. As I mentioned, it has reached an all-time high across every geographic segment, across every product category. So clearly, foreign exchange is something that is affecting us but we think we're navigating that fairly well. Or would you say there are additional puts and takes this time around that could drive upside and downside to that? And with our next generation of CarPlay, we're improving the driving experience with deeper integration into vehicle hardware, allowing drivers to control their music, change the temperature and monitor their fuel levels, all from a single integrated platform. There's a lot of macro worries and high inflation impacting consumer demand. The company posted a june quarter revenue record of $83.0 billion, up 2 percent year over year, and quarterly earnings per diluted share of. Customers continue to engage enthusiastically with our content across news, fitness, music, gaming, and more. And so we'll continue to hire people and invest in areas, but we are being more deliberate in doing so in recognition of the realities of the environment. My question is, when I look at your services business, I see a $20 billion business on a quarterly basis. He believes that Apple will report revenue of $82 billion during its Q3 2022 earnings call. We're guiding 41.5% to 42.5%. Am i missing something? Apple typically releases new iPhones in September and sales fall as customers anticipate new models. Apple has announced that the earnings report for the third quarter of 2022 will be published on July 28 and it will be followed by a conference on the same day. But the negative 10 I would classify as being driven by supply. Mac sales were short of consensus expectations and fell over 10% on a year-over-year basis. "In terms of an outlook in the aggregate, we expect revenue to accelerate in the September quarter despite seeing some pockets of softness," Apple CEO Tim Cook told CNBC's Steve Kovach. Apple today announced that it will report its earnings results for the third fiscal quarter (second . And so we will continue to expand those programs around the world. AppleInsider may earn an affiliate commission on purchases made through links on our site. But those are the three kind of reasons that I would tell you. As you're giving this guidance or directional guidance here, how much of an impact are you assuming in potentially any macro-related slowdowns across the rest of the portfolio? Got a confidential news tip? Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations for sales and profit but showed slowing growth for the iPhone maker. I know that there's been a couple of U.S. carriers that have talked about some of their customers having some difficulty paying bills. Your email address will not be published. Financial analysts can contact me with additional questions at (669) 227-2402. The Motley Fool has a disclosure policy. Like this June quarter, Q3 2021 was also the full first quarter of availability for products like the M1 iPad Pro, updated Apple TV 4K, and AirTag tracking accessory. I'd now like to turn the call over to Tim for introductory remarks. And whether or not that is because they're lower ASPs versus the higher ASPs of a phone, I can't tell you that. We know that it's going to be a tight time economically for people around the world. OK, that's helpful. And really just related to that, variables decline was notable. Also keep in mind that we're still lapping the impact of our business in Russia in these numbers. ET on July 28, 2022. Samik Chatterjee -- J.P. Morgan -- Analyst. And so that was what was behind application tracking transparency and a number of other features. I mentioned in my prepared remarks that we expect some deceleration from the 12% that we've had in the June quarter. Apple 's services category, which includes Apple TV+ and Apple Music, brought in $19.6 billion in revenue for the third . Maybe just what other puts and takes are in. And as we're supporting developers, we're also doing our part to protect customers. Good day, and welcome to the Apple Q3 FY 2022 earnings conference call. China had very good results on services last quarter. ET to listen to the conference call . Apple today announced that it plans to hold its quarter three earnings call for the 2021 fiscal year on July 27, 2021. And it includes our work to promote racial equity and justice. All in all, the Cowen analyst still believes Apple is a defensive name to own during the current financial uncertainty. However, Apple did warn of a potential $4 billion to $8 billion revenue hit because of supply constraints and strict Covid-19 lockdowns in China. And so one of those is clearly the FX, which Luca has mentioned, that was over 300 basis points on year-over-year growth rates. The S&P 500 is about 24% off its 52-week high after hitting a new bear-market low Tuesday (9/27), heading into Q3 earnings season. That's just one example of something that announced last year that didn't announce this -- that we didn't have a comparable announcement this year. As you look ahead, the supply chain issues, expedited shipping and all of that, do you think probably the September quarter is kind of the worst of FX and all those headwinds and things? Today, iOS 16, iPadOS 16, MacOS Ventura, and watchOS 9 are all in public beta, and we couldn't be more excited to see what our community of developers creates with them. And conversely, are there any parts of the Service business that you consider recession-proof, like maybe a buy now, pay later, or something else? And finally, we continue to improve the breadth and the quality of our current Services offerings, from a constant flow of new content on Apple TV+ and Apple Arcade to great new features we recently announced for iCloud and Apple Music, which we believe our customers will love. Fair enough. I mean, obviously, affordability is a very important topic for us. For more information, please refer to the risk factors discussed in Apple's most recently filed annual report on Form 10-K and the Form 8-K filed with the SEC today, along with the associated press release. The company will report its fiscal results for its thirds quarter, which corresponds to the second calendar quarter of the year, on July 28 before conducting a call with analysts. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. And then if I could just ask Tim the question. In April, Apple warned that parts shortages would hit revenue by between $4 billion and $8 billion, and Apple's website showed extended shipping times for many Mac models during the quarter. Apple stock rose over 3% in extended trading. Our supply constraints were less than we anticipated at the beginning of the quarter, coming in slightly below the range we discussed during our last call. Yes, both things are true. Well, as you know, we don't provide guidance past the current quarter. Apple to announce q3, 2022 earnings report on july 28 by rida imran jun 29, 2022 apple has announced that the earnings report for the third quarter of 2022 will be published on july 28 and it will. Let me now get into more detail for each of our revenue categories. In two and a half years since launch, Apple TV+ has now earned 250 wins and over 1,100 award nominations and counting. Us. Price as of December 9, 2022, 4:00 p.m. Net income was $19.4 billion and diluted earnings per share were $1.20, while operating cash flow of $22.9 billion was a June quarter record. We recognize how the industry is doing. It's also worth noting that more people were splurging on work-from-home equipment in 2021 . Speaking first today is Apple's CEO, Tim Cook; and he'll be followed by CFO, Luca Maestri. Today, Apple is reporting another record June quarter with revenue of $83 billion, which was better than we expected despite supply constraints, strong foreign exchange headwinds, and the impact of our business in Russia. Apple's business in Greater China, which includes Taiwan and Hong Kong, declined 1% on an annual basis to $14.6 billion. In the three months that ended September, Wall Street expect the Cupertino, Calif.-based tech giant to earn. So it's very difficult to talk about a steady-state growth rate for our services business. But over time, those hedges roll off and so it becomes more challenging for us. On the product side, we expect supply constraints to be lower than what we experienced during the June quarter. Can you give us a sense, especially now that you're launching Pay Later, what steps you might be taking to improve affordability of Apple products? We know that much of the world is living through uneasy times, and it is all the more reason why we are working hard to help our customers navigate the world as it is while empowering them to create the world as it can be. Apple's Chinese iPhone factory misfortunes will certainly impact shipments, says JP Morgan, but the full impact won't be known until the facility returns to normal output. We'll take our next question from Harsh Kumar with Piper Sandler. The restrictions begin to come off toward the beginning of June, if my memory is correct. So can you just walk us through some of the various factors you believe are driving this continued iPhone strength? Good afternoon, everyone, and thank you for joining us. So just wanted to kind of get a sense for what you're seeing in that particular channel without naming a specific customer. ET, 1 Green Flag for Apple Stock in 2022, and 1 Red Flag, Why Apple Stock Eked Out a Market Beat Today, 3 No-Brainer Stocks to Buy Amid the Tech Sell-Off, Why Investors Should Love Apple's Dividend, Why Apple, Salesforce, and Qualcomm Stocks Are Volatile Today. For example, Apple Watch continues to extend its reach, with over two-thirds of customers purchasing an Apple Watch during the quarter being new to the product. OK. And for my follow-up, I know you said you don't want to sort of predict the macro here or be an economist. Apple ( AAPL -0.34%) Q3 2022 Earnings Call Jul 28, 2022, 5:00 p.m. Mophie's Powerstation Plus is an all-in-one package that will give sufficient portable power to most with a bonus or penalty of built-in cables for both Lightning and USB-C, depending on how you use it. Copyright 2022 Surperformance. We set June quarter records in the Americas, in Europe, and in the rest of Asia Pacific region. Chipmakers and other computer vendors have signaled that there is slowing demand for smartphones and PCs around the world as consumers grapple with recession fears and decades-high inflation. If you look into the future, the silicon shortage, we're not forecasting when that will end. These statements involve risks and uncertainties that may cause actual results or trends to differ materially from our forecast. Apple will then host a. Jun 28, 2022 #1 apple today announced that it will report its earnings results for the third fiscal quarter (second calendar quarter) of. The first one is installed base. And so those are the things that underpin it. And I have a follow-up. That includes a commitment to the environment where we continue our aggressive pursuit of our 2030 goals. I mean, you do a rough math, it's around $5 billion. Get this delivered to your inbox, and more info about our products and services. However, he believes that the situation is improving and could lead to a strong iPhone 14 cycle. Apple has reported that it made a record-breaking $83 billion in the third quarter of 2022, coming slightly ahead of Wall Street expectations for the economically impacted fiscal period. Investors are hoping for more clarity and conviction on the bullish thesis on Thursday. Release Date Period End EPS / Forecast Revenue . The call is currently scheduled for Thursday, July 30, 2020, and will be held at 2:00 PM Pacific Time / 5:00 PM Eastern Time. Cook said Apple has 860 million current paid subscriptions, which includes anyone who subscribes to an app sold on the Apple App Store in addition to products such as Apple Music and iCloud. I guess I wanted to start with China smartphone market here a bit. I've used those quite a bit where I work, and they really help tell the story. But is there a way to kind of think about the impact of the market overall on the Mac business versus the supply chain? We expect Apple's Revenues to come in at about $72.5 billion, marking an increase of about . For Mac, we generated revenue of $7.4 billion despite supply constraints and negative effects. CUPERTINO, California January 27, 2022 Apple today announced financial results for its fiscal 2022 first quarter ended December 25, 2021. Let me now turn to our cash position. Yes, Erik. You're seeing double-digit growth in customers new to iPhone. I'm saying that the data doesn't show it where we can clearly see that in the Wearables, Home and Accessories area. Tejas Gala Director of Investor Relations and Corporate Finance at Apple Thank you. Apple has reported revenue growth in every one of the past dozen quarters, beginning with the second quarter of 2019. In terms of testing the demand, you can't really test the demand unless you have the supply. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Here's what's inside the hefty repair package. Covid lockdowns in China had a major impact on Apple's supply chain, and the $4 billion to $8 billion revenue hit is not an insignificant headwind. Amit Daryanani -- Evercore ISI -- Analyst. And then the other component that is the minority part of it is the silicon shortage that has affected our results for several quarters now. And I think about 90 days ago, you were pretty confident with the new M2 chip that you could continue to grow throughout a potential drawdown in that particular market. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Yes. Yes. Apple's gross margin exceeded the company's own forecast from April. And Tim, I wanted to follow up on your comment about the macro impact that you've seen on wearables. Humixx's Car Mount is a satisfactory, inexpensive iPhone car mount clamp, with beneficial design features that set it apart from more cheaply made peers. Because of ongoing supply chain issues and foreign exchange headwinds, Huberty believes that there is little June quarter upside. Despite the shaky macroeconomic conditions, the analyst believes Apple's overall growth story for 2022 remains intact. In the enterprise market, our customers are increasingly investing in Apple products as a strategy to attract and retain talent. As these are tough times, you guys are putting up tremendous results so we appreciate that as investors. Overall, we are very happy with the results. Microsoft's Surface Pro 9 updates the Windows tablet with both Intel and ARM options, in a form that competes directly with Apple's iPad Pro lineup. Apple will be reporting its earnings results for the third quarter of the 2022 fiscal year on Thursday, July 28 at 1:30 p.m. Pacific Time. We'll take our first question from Amit Daryanani with Evercore. However, the reported figure decreased 7.7% year over year. His clients may own shares of the companies mentioned. Join us here on July 30, 2020 at 2:00 p.m. PT / 5:00 p.m. And yet, it's not fiscal Q2's earnings that worry Hall . The weekly Apple chart highlights the declines seen over the course of the second quarter of 2022, with the June low of $129.07 representing a 30% decline from the January high. And we're bringing them even more data about their workouts, sleep cycles, and medications with updates soon to arrive on watchOS 9. July 28, 2022 2:04pm. You said that implying gross margin will be down I think, 130, 140 basis points sequentially and down a bit year over year as well in September. That's a big number right there that is going to affect us, that we are having some impact from the situation in Russia and that is obviously different from normal seasonality as well. Investors increasingly rely upon earnings announcement dates and changes to those dates to capitalize on trading opportunities or mitigate risk. . So we don't have a very specific number to give out today. Congratulations to you and all your team members. Apple to Announce Q3 2022 Earnings on July 28. The dividend is payable on May 12, 2022, to shareholders of record as of. And I do have a follow-up. Click here to get access to the full list! Apple's Q4 2022 covers the months of July, August, and September. Apple stock was trading 2% higher on friday. "We see it in things like logistics and wages and certain silicon components and we're still hiring, but we're doing it on a deliberate basis.". And earlier today, we opened Apple Brompton Road, our fifth store in Central London. After all, the newsletter theyhave run for over a decade,Motley Fool Stock Advisor, has tripled the market.*. That's despite the fact that iPhone sales are still solid. During the third quarter, which includes late March through late June, the . Apple increased revenue by 8% during the quarter, and Apple CEO Tim Cook told CNBC that it would've grown "double-digits" if not for the strong dollar. You don't have enough free space on your Mac's SSD, and anyway that computer is running so slowly. With that, let's open the call to questions. I just wanted to circle back on sort of the macro and sort of the demand signals that you're seeing versus sort of the supply chains that you're facing. But at the same time, our Services business a year ago grew a lot and so also the compare is a bit challenging. Yes, I wouldn't want to project into this quarter. If you go back and you look at our growth rates over a number of quarters now, they've always been very good. Today, the product and the innovation within the product that is driving it. Leading with our values and everything we do gives that mission purpose. We'll see what happens with foreign exchange rates over time. We're two years into your 5G iPhone evolution. Obviously, when I drop and break my phone, I replace it immediately. In the year-ago June quarter, Apple reported a record-shattering $81.4 billion in revenue with strong growth across its product segments. But I wouldn't want to say anything beyond that. The analyst maintains his 12-month Apple price target of $185. Apple said it spent over $28 billion on share buybacks and dividends during the quarter. This quarter has ultimately been a reflection of our resilience and our optimism. Apple has confirmed its next earnings call is due to take place on Tuesday, July 27, where it will announce its financial results for Q3. Q3 (July 1 - September 30) October 15 - November 31 Apple ( aapl) stock investors are awaiting an earnings report later this week. Here's what to expect to hear during Thursday's earnings report. If you could just frame that for us, that would be great. And the iPad installed base reached a new all-time high, with over half of the customers during the quarter being new to the product. Apple's investor relations website states: FY 21 Third Quarter Results Apple's conference call to discuss its third fiscal quarter results is scheduled for Tuesday, July 27, 2021 at 2:00 p.m. PT / 5:00 p.m. Apple's computers are powerful tools with fantastic displays. iPhone revenue grew 3% year over year to a June quarter record of $40.7 billion despite foreign exchange headwinds as customer response to our iPhone 13 family continue to be strong. Trading programs are available in a number of markets. Got it. We took it for a spin ahead of the release and will walk you through how it works and what devices are supported. Keep in mind, we're going to see, on a year-over-year basis, 600 basis points, 6% impact from foreign exchange so that is a big element for us. Whether that represents the sum total of this selloff remains to be seen, but the stock has certainly gathered steam in the weeks leading into this earnings release. Luca, you mentioned revenues to accelerate year over year overall in September versus your June growth rate. ", Cathie Wood says the Fed is making a serious mistake as bond market flashes worst signal since 1980s, Tech wreckage catches up to Salesforce as cloud giant's valuation reaches parity to Microsoft's, 'A gift to investors': BlackRock says it's time to rethink bonds. Please enter confirmation code 8820355. Of course, the macro environment can have an impact on this business. The firm earned $82.96 billion during the quarter, compared to analysts' expectations of $82.97 billion. Apple is on the list-- but there are nine others you may be overlooking. We'll take our next question from Richard Kramer with Arete Research. Are you trying to look at areas that where you can sort of pull back? And then I have a quick follow-up for Luca. It sounds like -- I guess, it sounds like it's almost effectively 100% supply chain constrained, but we're obviously hearing, like I'm sure you guys are seeing, anecdotal evidence and some quantifiable evidence that the broader PC market is slowing. The business earned $90.15 billion during the quarter, compared to analysts' expectations of $88.77 billion. Apple's 79-pound iPhone Self Repair Program toolkit is on our test bench. Apple to announce q3, 2022 earnings report on july 28 by rida imran jun 29, 2022 apple has announced that the earnings report for the third quarter of 2022 will be published on july 28 and it will. Erik Woodring -- Morgan Stanley -- Analyst. So installments and trade-ins, very, very important on affordability. AMZN's next earnings date is UNCONFIRMED for Thursday 02/02/2023 After Market. Apple did not provide formal guidance for the quarter. However, some like Katy Huberty believe Apple may post results lower than consensus because of supply issues hitting the Mac lineup particularly hard. Tim, I was hoping you could share a little bit more about how you're thinking about the supply headwinds. At this time, for opening remarks and introductions, I would like to turn the call over to Tejas Gala, director of investor relations and corporate finance. Services revenue rose to $19.6 billion, a June quarter record and a 12% increase year over year, which was in line with our expectations. As you know, we have a hedging program and so we mitigate that impact. And if you can kind of share how you're thinking about the different sort of components of your growth versus the market. Apple's 2022 update to the iPad Pro lineup introduces its newest Apple Silicon chip to its tablet range. Delayed Nasdaq Apple (NASDAQ:AAPL) is expected to publish its Q3 FY'21 results on July 27. We set a June quarter record for both revenue and switchers to iPhone. So I'm struggling to find a good way to think about how to model the growth of this business, considering that you add innovative features. Required fields are marked *. iPad revenue was $7.2 billion, down 2% year over year due to supply constraints and negative foreign exchange. Ives maintains his Outperform rating for Apple and 12-month price target of $200. We repaid $3 billion in maturing debt while increasing commercial paper by $4 billion, leaving us with total debt of $120 billion. Installed base is the engine for our company and it continues to grow. And so that's very important. A pple (NASDAQ:AAPL) is expected to publish its Q3 FY'21 results on July 27. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome. Good day, and welcome to the apple q3 fy 2022 earnings conference call. Though it didn't provide revenue guidance, Apple did say it expects. Customer response to our iPad lineup continue to be strong across consumer, education, and enterprise markets around the world. We continue to be excited about our long-term opportunity with Mac and redefining the PC experience with our relentless innovation. Well, then maybe I can ask Luca a question more on the gross margins. Apple beats on top and bottom, Mac down on supply constraints, Costco reports mixed quarter, but we see positive catalysts on the horizon, What to watch when Club holding Costco reports quarterly results Thursday. Apple, Inc. is on track to deliver close to $100 billion of net income in the fiscal year 2022 and set a new company record, which should help it move higher. Apple stock rose over 3% in. Apple Q3 2022 Earnings Date. Cost basis and return based on previous market day close. Apple Watch remains a great way for health-conscious customers to track their overall wellness and fitness. It was a truly special experience and a reminder of the economic miracle the App Store represents. Cook said that the iPad decline was also driven by supply constraints and a strong dollar. Despite the hardware challenges, Apple said it expected its entire business, as well as individual segments like Services, to continuing seeing double-digit growth in the June quarter. Great. Here's how the two compare. And so they grew strong double digit better than the company average, and they set a new June quarter revenue record during the quarter. We unveiled new innovations and accessibility such as door detection and live captions that support users with disabilities with navigation, health, communication, and more. And then maybe my follow-up for Luca. The company posted a june quarter revenue record of $83.0 billion, up 2 percent year over year, and quarterly earnings per diluted share of. Let me expand a little bit on Wearables, Home, and Accessories so that I clearly communicate what we saw. And so I would differentiate those two. But a normal replacement, have they changed at all? *Stock Advisor returns as of July 27, 2022. The earnings report and subsequent call will provide insight into product performance in the period between March and June. Apple CEO Tim Cook and CFO Luca Maestri will offer color on the results and expectations for the future. We returned over $28 billion to shareholders during the June quarter. We have a very, very strong offering for the back-to-school season and we'll see how we do this quarter. Krish Sankar -- Cowen and Company -- Analyst. Apple's June 28 earnings are coming, and the company has already warned about up to an $8 billion revenue hit from various factors. If you -- I'm not an economist and so I'll sort of narrow my comments to what we saw in the business. We believe in investing through the downturn. So now that it's fairly matured as a business, what would be a good way for us to think about as investors to model the Services business? And Wearables, Home, and Accessories, as you mentioned and as Luca mentioned, we did see some impact there that we would attribute to a macroeconomic environment. We know that this is a time of significant challenge around the world for all of us confronting new variants of COVID-19, to those experiencing a prolonged humanitarian crisis in Ukraine and everyone dealing with the consequences of an uncertain economic environment. Apple turned in a record fiscal Q3, with earnings per share of $1.20 topping the consensus analyst estimate of $1.16. And with the new M2 chip powering MacBook Air and the 13-inch MacBook Pro, we expect more customers to make Mac available to their entire workforce. Figure 1: AAPL on July 27 trading after hours. The other item. Despite this, our installed base of devices in the category hit a new all-time record, thanks to very strong customer loyalty and high new tool rates. In 2022, zero-tolerance policies in China led to multiple lockdowns and factory closures throughout Apple's supply chain. We also attracted a record number of switchers for the June quarter, with strong double-digit year-over-year growth. The company reported net losses of $95 million in Q3, totaling a net loss of $354.9 million so far in 2022. Analysts expect S&P 500 earnings growth of 3.2%, year-over-year. Last quarter, Apple reported revenue of $83.0 billion and a profit of $19.4 billion. And also, any thoughts on how or when that might influence replenishment of supply into your retail channels? Or is there a little bit of timing delays due to your contractual purchase commitments that you do, that maybe your suppliers are looking at higher costs and you're benefiting from some lower contracts or maybe that has already caught up? The Company posted a June quarter revenue record of $83.0 billion, up 2 percent year over year, and quarterly earnings per diluted share of $1.20. Thank you. Bank of America is providing iPhones to all of its financial advisors so they can instantly access client information and provide timely wealth management advice from anywhere. And as part of our effort to combat targeted attacks against the highest risk targets like journalists and human rights activists, we introduced Lockdown Mode, which is designed to protect those most at risk of sophisticated digital attacks. All rights reserved. On Apple's hardware, multiple reports and analyst comments indicate that demand for the iPhone 13 and iPhone 13 Pro is still unusually strong for this time of year. Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints. Apple, Inc. (NASDAQ:NASDAQ:AAPL) Q3 2022 Earnings Conference Call July 28, 2022, 17:00 PM ET Company Participants Tejas Gala - Director, IR and Corporate Finance Tim Cook - CEO Luca Maestri. Last Updated: Aug. 1, 2022 at 8:37 a.m. Apple will then host a conference call shortly. In some geographies, it's obviously higher, but around the world, 5G penetration is still low. Apple in April introduced the Mac Studio, Studio . We expect gross margin to be between 41.5% and 42.5%. And the 5G penetration, particularly if you look at it globally, is still quite low. Apple to announce q3 2022 earnings on thursday, july 28th. During the quarter, our installed base of active devices continue to grow well, thanks to our unmatched levels of customer satisfaction and loyalty and reached an all-time high for all major product categories and geographic segments. The other one that has an impact on the aggregate gross margin is our mix of products and services. Find the latest earnings report date for apple inc. Aapl apple inc q3 2022 earnings call. Apple's other products category, which includes headphones like AirPods, Apple Watches, and HomePod speakers declined over 8% on an annual basis and missed Wall Street expectations. Wireless charging for the iPad Pro is finally here assuming you want to spend $200 or more on the Pitaka MagEZ Case Pro ecosystem. Here's how the two flagship earbuds stack up. What matters to us, I think it goes back to Tim was saying earlier, is we want to make sure that people love our products and services, and we want all of them to be equally successful in the marketplace. We did see a lower demand based on the COVID lockdowns in the cities the COVID lockdowns affected. Finally, today, our board of directors has declared a cash dividend of $0.23 per share of common stock, payable on August 11, 2022, to shareholders of record as of August 8, 2022. And Id have had the time to do a nicer job. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. RH (NYSE:NYSE:RH) Q3 2022 Earnings Conference Call December 08, 2022 05:00 PM ET Company Participants Allison Malkin - ICR Gary Friedman - Chairman & Chief Executive Officer Jack. As a result, net cash was nearly $60 billion at the end of the quarter. And are you seeing any sort of issues from a spin-down effect maybe because customers are having some difficulty because of inflation? And then I have a follow-up. 25 min read. Cook said Apple had success attracting Android customers to become iPhone owners during the quarter. And obviously, strong dollar tends to be a headwind for us. We always look and we ask ourselves if it's -- how strategic it is, and we never buy just to buy or buy just for revenue purposes. The Apple (AAPL) Q3 2022 earnings call is scheduled to begin at 2:00 p.m. PT / 5:00 p.m. And it continues the tremendous pace of innovation in Apple silicon for the Mac. I do like the year markers! 1 Warren Buffett ETF I'm Stocking Up On Before the End of 2022. Vogt notes that iPhone shipments in China are up more than 200% year-over-year, and the company is quickly gaining high-end market share in the critical region. And when you think about the number of challenges in the quarter, we feel really good about the growth that we put up for the quarter. When you show bar charts and point out quarters, it would be nice if you could label the chart better in a graphic program after the chart source exports the chart. Members of the press with additional questions can contact Josh Rosenstock at (408) 862-1142. Apple on tuesday announced that the company will report its third fiscal quarter earnings of 2022 on thursday, july 28. Apple (NASDAQ:AAPL) posted a record set of Q3 FY'21 results, with revenue surging almost 36% year-over-year to $81.4 billion and earnings per share rising to $1.30, up from around $0.65 last . 2022 CNBC LLC. Great. If you need more real estate, though, we've rounded up the best monitor for your Mac in 2022. We were also proud to celebrate the 15th anniversary of iPhone, a device that continues to change the world in profound ways with each new innovation. Source: www.tastytrade.com Reminds me of a sign at the grocery store recently: Sale! One is installment plans and installment plans have become more widespread around the world, not only here in the United States but in most markets, particularly in emerging markets. We set a June quarter revenue record of $83 billion, up 2% year over year despite supply constraints, over 300 basis points of foreign exchange headwinds and the impact of our business in Russia. Certainly doesn't seem to be very visible in your performance and your expectations. Apple Earnings Date & Reports Follow 113,245 Followers Portfolio Earnings Data Report Date Jan 25, 2023 Not Confirmed Period Ending 2023 (Q1) Consensus EPS Forecast $2.01 Last Year's EPS $2.1 Same Quarter Last Year Analyst Consensus Strong Buy Based on 27 Analysts Ratings Apple (AAPL) Earnings, Revenues Date & History Earnings Revenues Apple's overall. Apple CEO Tim Cook Jemal Countess/Getty Images. For the quarter, Apple posted revenue of $83 billion and net quarterly profit of $19.4 billion, or $1.20 per diluted share, compared to revenue of $81.4 billion and net quarterly profit of $21.7. Of course, we expect to grow. We can do better in other markets. I'm just kind of curious, if the macro does worsen, do you worry about subscriber growth, App Store purchases, etc.? Services grew over 12% during the quarter, although that is a decline from the 17% growth it posted in the second quarter, and down from the 27% growth it reported during the same time period last year. We'll take our next question from Krish Sankar with Cowen and Company. Apple Hospitality REIT, Inc. (NYSE:NYSE:APLE) Q3 2022 Earnings Conference Call November 8, 2022 10:00 ET Company Participants Kelly Clarke - Vice President, Investor Relations Justin Knight. Today, Apple announced on its Investor Relations website that it will be hosting its Q3 2020 earnings call at the end of July. Your email address will not be published. If you could give us some insights on the kind of longer-term nature of the directions or the gross margin impacts. And so I see that we play a role in that. When you then look at Services, there were some Services that were impacted, for example, like digital advertising was clearly impacted by the macroeconomic environment. Turning to iPhone. And last month, we announced a 10-year deal to present Major League soccer matches around the world, giving global soccer fans a whole new way of viewing their favorite sport. And so I think there's reason to be optimistic. As has been typical during the pandemic, Apple did not provide formal revenue guidance for the June quarter during its previous earnings report. 2022 Quarter. As usual, the company will release its Q3 2022 earnings. But wondering, did you see an impact of the COVID lockdowns there on demand itself? Should You Buy the 5 Highest-Paying Dividend Stocks in the S&P 500? We'll take our next question from Ben Bollin with Cleveland Research. We also celebrated the graduation of the inaugural class of our Developer Academy in Detroit from a program designed to give students the skills they need to pursue jobs in the thriving iOS app economy. His clients may own shares of the companies mentioned. Apple q3 2022 earnings call transcript thu., july 28, 2022 | alphastreet listen to conference call participants corporate executives tejas gala director of investor relations and corporate finance tim cook chief executive officer luca maestri senior vice president and chief financial officer analysts amit daryanani, evercore The company posted a june quarter revenue record of $83.0 billion, up 2 percent year over year, and quarterly earnings per diluted share of. 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