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Services Revenue

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Apple signals resilient margins as memory costs loom
industries28 days ago

Apple signals resilient margins as memory costs loom

Apple forecast gross margins of 48%–49% for the March quarter, above December’s 48.2% and the 47.3% consensus, aided by a favorable mix of high‑margin hardware and Services growth (a record $30 billion in the December quarter). Memory pricing is rising and could pinch margins, but Cook said Apple will look at a range of options to mitigate it. Strong iPhone momentum and the Services pull helped support margins, and the stock rose about 1% in after-hours trading.

via MarketWatch|
#aapl#apple-inc#gross-margins
business7 months ago

Apple's Revenue Soars on iPhone 16 and Strong Market Performance

Apple reported a strong fiscal third quarter with $94 billion in revenue, driven by record iPhone sales and a 13% increase in Services revenue to $27.4 billion. CEO Tim Cook highlighted the success of 'F1: The Movie,' which grossed over $500 million, and praised the growth of Apple TV+ and its original content, including 'Severance' with 81 Emmy nominations. Shares rose 2% after hours.

via Deadline|
#apple#business#f1-the-movie
business2 years ago

Apple's Q2 earnings beat expectations with strong iPhone sales.

Apple reports Q2 earnings with quarterly revenue of $94.8 billion, down 3% YoY, and earnings per diluted share of $1.52, unchanged YoY. Services revenue reached an all-time high, while iPhone revenue set a March quarter record. The company generated strong operating cash flow of $28.6 billion and returned over $23 billion to shareholders during the quarter. Apple's board of directors authorized an additional $90 billion for share repurchases and raised its quarterly dividend for the eleventh year in a row.

via Apple|
#apple#business#iphone-revenue