Breaking down Apple's tricky, 'gravity defying' $83 billion June quarter

Apple again beat Wall Street expectations despite a tough macroeconomic environment and supply chain issues. Here's what analysts thought after the call, and how the earnings compare to pre-pandemic Apple.

Mike Peterson 3 years ago 20

Apple added more than 30 million paid subscriptions in 2022

Apple continues to see growth in Services across iCloud, music, Apple TV+, and the App Store, reaching a record 816 million in Q3.

Amber Neely 3 years ago 9

Apple reports record-breaking $83B in revenue in supply impacted Q3 2022

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.

Mike Peterson 3 years ago 32

What to expect from Apple's Q3 2022 earnings report on July 28

Apple's June 28 earnings are coming, and the company has already warned about up to an $8 billion revenue hit from various factors. Here's what to expect to hear during Thursday's earnings report.

Mike Peterson 3 years ago 5

Russia tried to hijack some of Apple's internet traffic for 12 hours

For a period of around 12 hours, Russia's Rostelecom tried repeatedly to route users of Apple services through own servers, even through countermeasures applied by Apple engineers.

William Gallagher 3 years ago 23

Apple & Google facing new class action lawsuit in Portugal over 30% app store fees

Apple and Google have been hit by class action complaints in Portugal alleging that their 30% app marketplace commission rates are "anticompetitive and excessive."

Mike Peterson 3 years ago 10

Apple buys new campus for $445 million for vast San Diego expansion

Apple has acquired the existing Rancho Vista Corporate Center in San Diego, as part of its continued plan to expand hardware and software engineering in the region.

William Gallagher 3 years ago 12

Facebook expecting to fight Apple for metaverse dominance

As the race to realize the metaverse kicks off, Mark Zuckerberg told employees that Meta would be competing directly with Apple when it comes to creating AR and VR platforms.

Amber Neely 3 years ago 14

Apple purchased gold from supplier linked to illegal mining in Brazil

U.S. tech companies including Apple have reportedly been buying gold from suppliers that got it from illicit mining operations in Brazil.

Amber Neely 3 years ago 14

Apple still a safe haven stock amid sticky macroeconomic situation, analyst says

Apple will see only limited near-term or medium-term risks because of the current macroeconomic conditions, according to investment bank JP Morgan.

Mike Peterson 3 years ago 4

Apple's $2.5 billion investment in affordable housing is building new communities

As part of its continued financial contributions to creating affordable homes, Apple is celebrating the new communities that are being formed from its partnerships with Californian housing organizations.

William Gallagher 3 years ago 8

Samsung poaches semiconductor expert from Apple

Semiconductor expert Kim Woo-pyeong has been hired away from Apple to run Samsung's new processor packaging solution center.

William Gallagher 3 years ago 1

Lawmakers urge the Senate to hold a vote on Big Tech antitrust legislation

Progressive members of the U.S. House of Representatives are urging the Senate Majority Leader to take action on a pair of antitrust bills aimed at reining in the power of tech giants.

Mike Peterson 3 years ago 12

Apple's turf war over Chicago's 'Netflix tax' ends in settlement

After years of legal back-and-forth, Apple and the city of Chicago have reached an agreement on the so-called "Netflix tax" applied to streaming services.

Amber Neely 3 years ago 6

Apple has become a lobbying powerhouse amid growing antitrust scrutiny

Apple is now spending more than it has ever on political lobbying in the era of antitrust scrutiny from all directions, including in the U.S.

Mike Peterson 3 years ago 12

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