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 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. Our transacting accounts, paid accounts, and accounts with paid subscriptions all grew double digits year over year. 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? Good afternoon, everyone, and thank you for joining us. Now I want to turn to retail. 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? Commodities are behaving OK. We're seeing some price pressure on some silicon components. Last month, we announced the introduction of passkey, a next-generation credential that's intended to replace passwords. But of the two -- there are these two components, and of course, we're optimistic about the COVID restriction piece of this. After they use our devices, they can bring them back and they retain much more value than other platforms. And so I see that we play a role in that. 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. Learn More, Apple(AAPL -0.34%)Q32022 Earnings CallJul 28, 2022, 5:00 p.m. Apple is on the list-- but there are nine others you may be overlooking. Apple stock rose over 3% in extended trading. But for last quarter, what we saw was the -- when the COVID restrictions hit in the Shanghai corridor, we lost the primary source of supply for Mac units. Source: www.tastytrade.com And so they grew strong double digit better than the company average, and they set a new June quarter revenue record during the quarter. But over time, those hedges roll off and so it becomes more challenging for us. But we would buy something that is strategic for us. Great. Anything you're learning about content or how you're thinking about that opportunity? 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 do see inflation in our cost structure," Cook said. We think that the net of that was still a negative, but some of it did rebound by June time frame. Ives acknowledges the current "nervous market backdrop." Please enter confirmation code 8820355. 6 min read Apple AAPL reported third-quarter fiscal 2022 earnings of $1.20. Fundamentally, we are working on two major initiatives for affordability. Apple's Q4 2022 covers the months of July, August, and September. I'm just kind of curious, if the macro does worsen, do you worry about subscriber growth, App Store purchases, etc.? 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? The analyst maintains his 12-month Apple price target of $200. Learn how to start using Apple's Advanced Data Protection feature and what you can expect from Apple's other privacy-related announcements. Also keep in mind that we're still lapping the impact of our business in Russia in these numbers. Investors will look to the world's most valuable publicly traded company's fiscal second . 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. And we're bringing them even more data about their workouts, sleep cycles, and medications with updates soon to arrive on watchOS 9. Apple's 2022 update to the iPad Pro lineup introduces its newest Apple Silicon chip to its tablet range. Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates: Apple did not provide formal guidance for the quarter. Specifically related to services, we expect revenue to grow but decelerate from the June quarter due to macroeconomic factors and foreign exchange. This quarter, we opened the doors to Apple's first store in the Hubei province in China, welcoming the community to a beautiful new space. And just given the uncertainty that you've talked about in the macro further on this call a lot, how are you thinking about sort of that investment base going forward? Should You Buy the 5 Highest-Paying Dividend Stocks in the S&P 500? Last Updated: Aug. 1, 2022 at 8:37 a.m. If you could give us some insights on the kind of longer-term nature of the directions or the gross margin impacts. Transacting accounts, paid accounts, paid subscriptions are growing, so the level of engagement continues to grow. Apple (NASDAQ:AAPL) is expected to publish its Q3 FY'21 results on July 27. 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. As we look forward, we're clear-eyed about the uncertainty in the macro environment. Despite the shaky macroeconomic conditions, the analyst believes Apple's overall growth story for 2022 remains intact. Apple last issued its quarterly earnings data on October 27th, 2022. Many analysts are optimistic that Apple will outperform or match expectations in the June quarter despite ongoing macro and supply constraints. Apple today announced that it will report its earnings results for the third fiscal quarter (second . All in all, the Cowen analyst still believes Apple is a defensive name to own during the current financial uncertainty. Obviously, when I drop and break my phone, I replace it immediately. As you know, we have a hedging program and so we mitigate that impact. The prospect of Apple acquiring Disney seems not just unlikely, but incredibly improbable, after the returning CEO told employees the rumors are "pure speculation.". Am i missing something? You don't have enough free space on your Mac's SSD, and anyway that computer is running so slowly. That is having an impact already for the September quarter, had an impact on June. And then if I could just ask Tim the question. But I wouldn't rule anything out for the future, and obviously, we are constantly surveilling the market. And with that, I'll turn it over to Luca. As earnings season continues to unfold, one important report to watch next week is Apple 's ( AAPL -0.34%). 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. 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. 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. One of them is the foreign exchange environment. Sign up for free newsletters and get more CNBC delivered to your inbox. That suggests revenues around $82 billion during the June quarter. Ben Bollin -- Cleveland Research -- Analyst. A replay of today's call will be available for two weeks as a webcast on apple.com/investor and via telephone. The Apple (AAPL) Q3 2022 earnings call is scheduled to begin at 2:00 p.m. PT / 5:00 p.m. Overall, we believe our year-over-year revenue growth will accelerate during the September quarter compared to the June quarter despite approximately 600 basis points of negative year-over-year impact from foreign exchange. We set June quarter records in the Americas, in Europe, and in the rest of Asia Pacific region. The company said Tuesday that its services business, which includes Apple TV+, Apple Music, the App Store and iCloud, delivered $17.5 billion in revenue in the third fiscal quarter of 2021, which . This quarter has ultimately been a reflection of our resilience and our optimism. *Stock Advisor returns as of July 27, 2022. Q2 (April 1 - June 30) July 15 - August 31. Financial analysts can contact me with additional questions at (669) 227-2402. 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 . And then maybe, Luca, for you. Last month, Apple unleashed a wave of innovation, including the completely redesigned MacBook Air and a new 13-inch MacBook Pro. That includes a commitment to the environment where we continue our aggressive pursuit of our 2030 goals. A passkey can't be phished nor can it be stolen by hackers in a data breach because the information is stored on your device and your device alone. The analyst maintains his 12-month Apple price target of $185. 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. Good day, and welcome to the Apple Q3 FY 2022 earnings conference call. I guess two from my side. I'd now like to turn the call over to Tim for introductory remarks. We'll take our next question from David Vogt with UBS. I mean, just in terms of how you're preparing for the uncertainty is I guess the question. -, Twitter to relaunch Twitter Blue at higher price for Apple users, Twitter to relaunch subscription service Twitter Blue on Monday, How daredevil drones find nearly extinct plants hiding in cliffs, XIAOMI CORPORATION : FY 2022 Earnings Release (Projected), SHENZHEN TRANSSION HOLDINGS CO., LTD. : FY 2022 Earnings Release (Projected), SHENZHEN TRANSSION HOLDINGS CO., LTD. : Q1 2023 Earnings Release (Projected), WINGTECH TECHNOLOGY CO.,LTD : Q1 2023 Earnings Release (Projected), WINGTECH TECHNOLOGY CO.,LTD : FY 2022 Earnings Release (Projected), XIAOMI CORPORATION : Q1 2023 Earnings Release (Projected), ITI LIMITED : Q1 2024 Earnings Release (Projected), XIAOMI CORPORATION : Interim 2023 Earnings Release (Projected), XIAOMI CORPORATION : Q3 2022 Earnings Release, ITI LIMITED : Interim 2023 Earnings Release, WINGTECH TECHNOLOGY CO.,LTD : Q3 2022 Earnings Release, SHENZHEN TRANSSION HOLDINGS CO., LTD. : Q3 2022 Earnings Release, WINGTECH TECHNOLOGY CO.,LTD : Interim 2022 Earnings Release, SHENZHEN TRANSSION HOLDINGS CO., LTD. : Interim 2022 Earnings Release, XIAOMI CORPORATION : Interim 2022 Earnings Release, XIAOMI CORPORATION : Q1 2022 Earnings Release, Interim 2023 Earnings Release (Projected), Crypto Recap: Sam Bankman-Fried called to the stand. Analysts are expecting Apple to report revenue around $82 billion and earnings-per-share of $1.16 in the June quarter. Here's how the latest iPad Pro models compete against Apple's 2021 generation. Certainly, as you've seen over the last year, we've had a significant expansion in gross margins in spite of very difficult economic circumstances from COVID to inflation, interest rates going up and our margins have expanded. 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. AppleInsider is one of the few truly independent online publications left. 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. 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? Creating innovative products and services that enrich people's lives is our mission. We expect Apple's Revenues to come in at about $72.5 billion, marking an increase of about 21% year-over-year. But a normal replacement, have they changed at all? 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. 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 . We returned over $28 billion to shareholders during the June quarter. Q3 2022 Earnings Call Dec 08, 2022, 5: . Apple stock was trading 2% higher on friday. I can just tell you that looking at the numbers, there does appear to be headwinds in addition to the four items that we can articulate and we believe those to be macroeconomic headwinds. I'd like to take this opportunity to express my appreciation to our team members working in Apple Stores, customer care centers, and channel partner stores and to our Apple Care teams for their incredible work supporting customers wherever they are. OK, Luca. EPS rose 24.8% compared to the year-ago quarter, marking its slowest rise since earnings declined in the final quarter of FY 2020. Investors increasingly rely upon earnings announcement dates and changes to those dates to capitalize on trading opportunities or mitigate risk. But your comments really suggest no slowdown. Apple stock rose over 3% in extended. 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. 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. 22,321. 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. The Motley Fool has a disclosure policy. 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. Good afternoon, and thank you for joining us. 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. Is that where you would typically see initial signs of consumer softening perhaps? Apple CEO Tim Cook and CFO Luca Maestri will offer color on the results and expectations for the future. Trading programs are available in a number of markets. Reminds me of a sign at the grocery store recently: Sale! 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. But I think the way to think about it, certainly the way we think about it is that there's a number of levers in our services business to take into account. Customer response to our iPad lineup continue to be strong across consumer, education, and enterprise markets around the world. Apple has reported revenue growth in every one of the past dozen quarters, beginning with the second quarter of 2019. Please go ahead. July 28, 2022 2:04pm. 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 also, any thoughts on how or when that might influence replenishment of supply into your retail channels? Theyjust revealed their ten top stock picks for investors to buy right now. In the year-ago June quarter, Apple reported a record-shattering $81.4 billion in revenue with strong growth across its product segments. Apple typically releases new iPhones in September and sales fall as customers anticipate new models. The Bose QuietComfort Earbuds II offer all of the comforts of noise-cancellation in a wireless package similar to the new AirPods Pro 2. 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 think that in the aggregate, our constraint numbers for the September quarter will be less than they were in the June quarter. Why would investors not think that it would be prudent to assume some sort of creep-up of some of these -- some of the hesitation maybe that the macro environment is driving, particularly as it pertains to your higher ASP products? 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. 4 Social Security Changes Joe Biden Wants to Make: Is 2023 the Year They Become Reality? 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. The company reported net losses of $95 million in Q3, totaling a net loss of $354.9 million so far in 2022. *Average returns of all recommendations since inception. I know you noted 600 bps year over year on FX as potentially one of those. 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. 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We'll take our next question from Krish Sankar with Cowen and Company. Release Date Period End EPS / Forecast Revenue . Apple to announce q3 2022 earnings on thursday, july 28th. ", 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. 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. I've used those quite a bit where I work, and they really help tell the story. Congratulations to you and all your team members. But other than that, we've -- actually commodities are behaving well. We recognize how the industry is doing. "Katy Huberty's new price target of $180 is down from her previous target of $180." The report will be for the fiscal Quarter ending Sep 2022. 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. And so that's very important. We unveiled new innovations and accessibility such as door detection and live captions that support users with disabilities with navigation, health, communication, and more. As has been typical during the pandemic, Apple did not provide formal revenue guidance for the June quarter during its previous earnings report. ET. After all, the newsletter theyhave run for over a decade,Motley Fool Stock Advisor, has tripled the market.*. "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. We continue to be excited about our long-term opportunity with Mac and redefining the PC experience with our relentless innovation. Q3 (July 1 - September 30) October 15 - November 31 We can do better in other markets. Apple Inc. is expected* to report earnings on 10/27/2022 after market close. Richard, we view privacy as a fundamental human right. Operating headwinds have also been compounded by uncertainty. 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. Members of the press with additional questions can contact Josh Rosenstock at (408) 862-1142. Can you give us a sense of how you see Apple's role as an ad network and perhaps helping developers to monetize not just app sales but also growing ad monetization over time? Here's how the rival tablets square up. The numbers for the telephone replay are (888) 203-1112 or (719) 457-0820. And we did see a rebound in those same cities toward the end of the quarter in the June time frame. If you could just frame that for us, that would be great. I do like the year markers! However, Apple was not as supply constrained in the year-ago quarter. However, some like Katy Huberty believe Apple may post results lower than consensus because of supply issues hitting the Mac lineup particularly hard. Ives maintains his Outperform rating for Apple and 12-month price target of $200. Luca, very helpful. (Read more from Apple Maven: Apple Fiscal Q3 2021 Earnings: Live Blog For Investors) Below, the Apple Maven lists the 3 key takeaways from earnings . It includes monthly subscriptions, payment fees, warranties, search licensing fees from Google, and revenue from the iPhone App Store. 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. 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. The. His clients may own shares of the companies mentioned. Apple has just announced that it will release its earnings report for the third quarter of fiscal 2022 on Thursday, July 28. When you look at the product categories, on iPhone, there was no obvious evidence of macroeconomic impact during the June quarter besides FX, obviously. Any insights from that would be great. 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. In some geographies, it's obviously higher, but around the world, 5G penetration is still low. David Vogt of UBS believes that Apple's June quarter is looking up, particularly because of a strong rebound in the company's iPhone sales in China after a month-over-month decline. And as we're supporting developers, we're also doing our part to protect customers. And Tim mentioned that there are some pockets of weakness, primarily in digital advertising that we will need to work through. 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. Yes, both things are true. But the negative 10 I would classify as being driven by supply. 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 That's despite the fact that iPhone sales are still solid. 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. Here's how they compare. As we move ahead into the September quarter, I'd like to review our outlook, which includes the types of forward-looking information that Tejas referred to at the beginning of the call. + google calendar + ical export. A Division of NBCUniversal. He believes that apple will report revenue of $82 billion during its q3 2022 earnings call. And therefore, it's important for us to raise that awareness. Yes, Erik. As you know, they have different margin profiles for very different reasons, different businesses, even different accounting treatment at times. And the majority of that constraint last quarter was coming out of the COVID restrictions that occurred, that resulted in plant closures and plants running at less than full utilization for some amount of the quarter, in some cases, the majority of the quarter. Got it. We believe in investing through the downturn. His clients may own shares of the companies mentioned. We expect opex to be between $12.9 billion and $13.1 billion. Follow. Here's what to expect to hear during Thursday's earnings report. In two and a half years since launch, Apple TV+ has now earned 250 wins and over 1,100 award nominations and counting. "We had a record level of switchers and saw double digit growth for customers new to iPhone," Cook said. Leading with our values also means leading with a steadfast commitment to privacy and security. The Motley Fool has positions in and recommends Apple. . We saw great enthusiasm for our products and services, resulting in an all-time record for our installed base of active devices. If you look at it from a year-over-year standpoint, we are in the ballpark of a year ago in spite of the fact that foreign exchange is going to be 130 basis points negative to a year ago. Of course, we expect to grow. Yeah, clearly a nice typo. And then as you mentioned, the breadth and the quality of the services that we offer tends to grow over time. Apple's supply situation has been fluid during the pandemic, with past constraints contributing to revenue hits around $6 billion in the last quarter of 2021. Also: The company pitches itself as a health tech leader, and we have more details . Today, the product and the innovation within the product that is driving it. We saw FX, which we've talked about. So one of them, which you've mentioned, approximately 600 basis points of negative foreign exchange. 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. 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. If you love what we do, please consider a small donation to help us keep the lights on. Customers continue to engage enthusiastically with our content across news, fitness, music, gaming, and more. But if we look ahead, there's always a couple of elements in gross margin that are a bit outside of our control and we need to be mindful of that. And that's utilizing iPhone and iPad. 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. Amazing features and amazingly useless search in the help/ support area. Apple ( aapl) stock investors are awaiting an earnings report later this week. Luca, you mentioned revenues to accelerate year over year overall in September versus your June growth rate. Cupertino, california july 28, 2022 apple today announced financial results for its fiscal 2022 third quarter ended june 25, 2022. 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 21% year-over-year. Great. As usual, the company will release its Q3 2022 earnings. Tuesday June 28, 2022 2:44 pm PDT by Juli Clover. And congrats on the results in this tough macro. We saw supply constraints, which we've talked about. We have a very, very strong offering for the back-to-school season and we'll see how we do this quarter. In the three months that ended September, Wall Street expect the Cupertino, Calif.-based tech giant to earn. Apple's overall. Save $0.00!. 6-min read. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. And, Tim, I apologize, it's also macro-related. Thanks for the question. The Zacks Consensus EPS Estimate for the quarter resides at $1.13, reflecting a disheartening 13% decrease in quarterly earnings year-over-year. Because of ongoing supply chain issues and foreign exchange headwinds, Huberty believes that there is little June quarter upside. There are things you can do to fix that, but MacCleaner Pro does most of it and does it well. We set a June quarter record for both revenue and switchers to iPhone. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. Here's how the two flagship earbuds stack up. EPS. The better-than-expected performance is because supply issues aren't affecting many of Apple's segments. 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. Buy now, pay later is the latest that we are doing on this front. 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? Yet we remain ever focused on the same vision that has guided us from the beginning. 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. Apple's soft growth may suggest that the consumer electronics industry including leaders like Apple is headed for a period of slow or no growth. In terms of us selling ads, we have a search ad business across the App Store that we believe represents a great way for discovery for small and large developers. Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst. His clients may own shares of the companies mentioned. After that, we'll open the call to questions from analysts. Maybe Tim, if I start with you, I think there's a debate in the market that if you look back over time, there's been a three-year cadence to iPhone cycles. And so I would differentiate those two. We felt good, frankly, that we were able to, by the end of the quarter, get this back to where we were down 10 points. At this time, for opening remarks and introductions, i. One of the best parts of WWDC was welcoming developers to Apple Park while continuing to connect with developers all over the world. 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. 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. For q3 2022, analyst predictions for revenue varied; Today's call is being recorded. 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. Jun 28, 2022. 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. On the -- from an aggregate point of view, looking at it worldwide, looking at the data on iPhone for the June quarter, there's not obvious evidence in there that there's a macroeconomic headwind. We'll take our next question from Erik Woodring with Morgan Stanley. The offset bars kind of look like things are going up/down. Apple also announced new MacBook Air models during June that did not start shipping to customers until July. Apple's board of directors declared a cash dividend of $0.23 per share on common stock, reflecting an increase of 5%. 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? Certainly doesn't seem to be very visible in your performance and your expectations. To date, we have concentrated on smaller IP and people acquisitions. 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. 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. Find out why Appleis one of the 10 best stocks to buy now, Our award-winning analyst teamhas spent more than a decade beating the market. So can you just walk us through some of the various factors you believe are driving this continued iPhone strength? 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. And so we will continue to expand those programs around the world. Invest better with The Motley Fool. Apple on tuesday announced that the company will report its third fiscal quarter earnings of 2022 on thursday, july 28. ET to listen to the conference call . Krish Sankar -- Cowen and Company -- Analyst. These statements involve risks and uncertainties that may cause actual results or trends to differ materially from our forecast. Analysts are expecting Apple to report revenue around $82 billion and earnings-per-share of $1.16 in the June quarter. I'm saying that the data doesn't show it where we can clearly see that in the Wearables, Home and Accessories area. Overall, we are very happy with the results. Daniel Ives of Wedbush believes that supply disruptions and ongoing constraints will have an obvious effect on the June quarter. Installed base is the engine for our company and it continues to grow. Thank you. Apple also announced new MacBook Air and MacBook Pro models with M2 chips during the quarter, but only the latter device shipped during it. On a sequential basis, the decline is expected to be driven by, as you mentioned, foreign exchange but also mix, which will be partially offset by better leverage. Jim, I would say we provide guidance for the current quarter. 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. Analysts expect S&P 500 earnings growth of 3.2%, year-over-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. We're trying to empower the user to own their data and make their own choices. Our Services set a June quarter revenue record of $19.6 billion, up 12% over a year ago, with all-time revenue records in the Americas and the rest of Asia Pacific and June quarter records in Europe and Greater China. Duluth Holdings Inc. (NASDAQ: DLTH) Q3 2022 Earnings Call Transcript December 6, 2022. OK, that makes sense. Please also note that these forward-looking statements reflect our opinion only as of the date of this call. 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. I'm not saying that there's not one. You're seeing double-digit growth in customers new to iPhone. Microsoft's Surface Laptop 5 is a thin and powerful Windows notebook in the same market segment as Apple's MacBook Air. The dividend is payable on May 12, 2022, to shareholders of record as of. Samik Chatterjee -- J.P. Morgan -- Analyst. And then a quick follow-up on the lockdown in China during the June quarter. Apple updated its iPad lineup, and there are more pricing tiers than ever. And I have a follow-up. And so that's what we are focused on is innovating like crazy and giving somebody something that they really want and see themselves using. We also announced Apple Pay Later, which gives customers more flexibility to make purchases with their Apple devices. Get this delivered to your inbox, and more info about our products and services. 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? The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. You said less severe or less worse supply challenges into September. 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. Apple is set to report earnings this week against the backdrop of an economic downturn and a plan to slow hiring. And obviously, strong dollar tends to be a headwind for us. During COVID, some of the compares have been a bit lumpy because there have been lockdowns and reopenings and so on. Apple in April introduced the Mac Studio, Studio . Yes. 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? Here's the 1 Social Security Change in 2023 That's Going to Hurt the Worst, Join Nearly 1 Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. So installments and trade-ins, very, very important on affordability. Today, Apple announced on its Investor Relations website that it will be hosting its Q3 2020 earnings call at the end of July. Please note that some of the information you'll hear during the discussion today will consist of forward-looking statements, including, without limitation, those regarding revenue, gross margin, operating expenses, other income and expense, taxes, capital allocation, and future business outlook, including the potential impact of COVID-19 on the company's business and results of operation. And we'll continue to execute on that vision as we always have, led by a focus on excellence and a desire to leave the world better than we found it. To make the world smarter, happier, and richer. Apple 's services category, which includes Apple TV+ and Apple Music, brought in $19.6 billion in revenue for the third . $79.26b at the low end to $88.41b at the high end. We repaid $3 billion in maturing debt while increasing commercial paper by $4 billion, leaving us with total debt of $120 billion. I did it on my iPad in Vectornator, using it for the first time. Here's how to choose which tablet to buy for your budget. Figure 1: AAPL on July 27 trading after hours. Wearables, Home, and Accessories revenue was $8.1 billion, down 8% year over year as we faced foreign exchange headwinds, different launch timing for Home and Accessories products and supply constraints as well as the overall macroeconomic environment. Tim, you cited growth in Apple apps in the past, and clearly, the privacy policies you've taken have really reshaped the mobile ad market. Then the second lever is the customer engagement. Get the latest Apple earnings report, revenues as well as upcoming AAPL earnings dates, historical financial reports, news, analysis & more. And really just related to that, variables decline was notable. But wondering, did you see an impact of the COVID lockdowns there on demand itself? Investors are likely to look at how these and other recent developments have impacted Apple's earnings and revenue performance when the company reports earnings after market on Jan. 27,. In terms of testing the demand, you can't really test the demand unless you have the supply. And we're really pleased that it's currently at 98% for the latest iPhones. 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. Of course, the most important thing for us is to maintain an incredible customer satisfaction and loyalty from the customers. However, the reported figure decreased 7.7% year over year. And so we're really looking at all of these things from the installed base to the number of switchers to the geographic distribution. 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. Last quarter, Apple reported revenue of $83.0 billion and a profit of $19.4 billion. Of course, there was an impact from the business in Russia. 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. He believes that Apple will report revenue of $82 billion during its Q3 2022 earnings call. If you love AppleInsider and want to support independent publications, please consider a small donation. 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. The Services business was the fastest growing segment for Apple during the quarter. Good day, and welcome to the apple q3 fy 2022 earnings conference call. OK. However, GameStop is still sitting on a large cash pile of about $1 billion about . 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. We took it for a spin ahead of the release and will walk you through how it works and what devices are supported. And Id have had the time to do a nicer job. ET on July 28, 2022. 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. We're two years into your 5G iPhone evolution. Q1 (Jan 1 - March 31) April 15 - May 31. 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. So we don't have a very specific number to give out today. Good day, and welcome to the Apple Q3 FY 2022 Earnings Conference Call. 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. Mac sales were short of consensus expectations and fell over 10% on a year-over-year basis. 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