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Apple's Q1 earnings: Revenue dropped 5% since 2016
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Apple announced the latest financial results for its fiscal 2023 first quarter. The Earnings Highlights are below:
● Revenue in the Q1 FY23 amounted to $117.2 billion, down 5% YoY. That was slightly lower than Wall Street's estimation of $121.1 billion.
● Earnings came to $1.88 per share, compared with a consensus estimate of $1.94 per share, down 10.9% year over year.
●iPhone revenue fell about 8% to $65.78B amid a challenging macroeconomic environment and significant supply constraints.
●Revenue in the company’s fast-growing services segment rose to $20.77B from $19.52B.
Apple shares have risen over 15% YTD (1st week of Feb), more than twice of the S&P 500 since 2023 started.
1) Do you feel satisfied with the latest earnings results?
2) What's your opinion or analysis about the company toward 2023?
Rewards: Six winners will be given 1,000 points for each, based on the content’s originality, quality and engagement.
● Revenue in the Q1 FY23 amounted to $117.2 billion, down 5% YoY. That was slightly lower than Wall Street's estimation of $121.1 billion.
● Earnings came to $1.88 per share, compared with a consensus estimate of $1.94 per share, down 10.9% year over year.
●iPhone revenue fell about 8% to $65.78B amid a challenging macroeconomic environment and significant supply constraints.
●Revenue in the company’s fast-growing services segment rose to $20.77B from $19.52B.
Apple shares have risen over 15% YTD (1st week of Feb), more than twice of the S&P 500 since 2023 started.
1) Do you feel satisfied with the latest earnings results?
2) What's your opinion or analysis about the company toward 2023?
Rewards: Six winners will be given 1,000 points for each, based on the content’s originality, quality and engagement.
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Do you feel satisfied with the latest earnings results?
With both revenue and EPS of Q1FY23 not meeting street’s expectation, it’s is certainly not something encouraging in the eyes of investors and perhaps starts questioning if Apple has lost its days of glory. However, I would beg to differ.
Apart from the challenging macroeconomic outlook (strong USD, geopolitical issue, Fed’s interest rate hike, fear of potential recession, high inflation, etc.) which resulted in a non-favorabl...
With both revenue and EPS of Q1FY23 not meeting street’s expectation, it’s is certainly not something encouraging in the eyes of investors and perhaps starts questioning if Apple has lost its days of glory. However, I would beg to differ.
Apart from the challenging macroeconomic outlook (strong USD, geopolitical issue, Fed’s interest rate hike, fear of potential recession, high inflation, etc.) which resulted in a non-favorabl...
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Apple Q1 Report: How Would Graham Read It?
$Apple(AAPL.US$ Q1 recap and thesis
AAPL: is it large, prominent, and conservatively financed?
In the case of AAPL, I will just say that it is a large and prominent company - as an assertion without any need for justification.
And I will directly move onto the third question – is it conservatively financed? The answer obviously can be more involved and subjective depending on the metrics you use (e.g., debt-to-equity ratios, debt-to-assets ratios, or i...
AAPL: is it large, prominent, and conservatively financed?
In the case of AAPL, I will just say that it is a large and prominent company - as an assertion without any need for justification.
And I will directly move onto the third question – is it conservatively financed? The answer obviously can be more involved and subjective depending on the metrics you use (e.g., debt-to-equity ratios, debt-to-assets ratios, or i...
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Apple Fiscal Q1
Apple earning result have significantly underperformed. Growth has turned negative. The company saw its revenue decline. The only word, DISAPPOINTMENT, sum it all as such sentimental can be felt among many investors.
Apple clearly is experiencing major headwinds from the macro environment right now, as inflation and an economic downturn hurt its sales potential due to consumers becoming more reluctant to buy high-priced tech products.
High inflation makes consumers spend more mo...
Apple clearly is experiencing major headwinds from the macro environment right now, as inflation and an economic downturn hurt its sales potential due to consumers becoming more reluctant to buy high-priced tech products.
High inflation makes consumers spend more mo...
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The investment moat is seemingly flowing away. If there is no further breakthrough / innovation from $Apple(AAPL.US$ in coming release, the declining quarterly results like this may become a normality. People want expectation and the market wants to see it being realised. We certainly hope not to see such a great company to follow the footsteps of Nokia and Kodak. An apple a day, keep the doctor away.
Revenue Drop For Apple.Inc.! Why You Should Not Panic?
$Apple(AAPL.US$ released its Q1'23 results a few days ago. The Company posted quarterly revenue of $117.2 billion, down 5 percent year over year, and quarterly earnings per diluted share of $1.88.
The big picture numbers paint a slowdown in Apple's revenue. But here are some reasons why investors or potential investors should feel reassured.
1. Lower revenue caused by strengthening USD
During the latest reported quarters, the strengthening ...
The big picture numbers paint a slowdown in Apple's revenue. But here are some reasons why investors or potential investors should feel reassured.
1. Lower revenue caused by strengthening USD
During the latest reported quarters, the strengthening ...
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