Apple CEO Tim Cook says iPhone 14 Pro demand exceeds supply
Apple is selling as many iPhone 14 Pro models as it can make, and the company is benefitting from savings thanks to reduced supply costs, says CEO Tim Cook.
Apple is selling as many iPhone 14 Pro models as it can make, and the company is benefitting from savings thanks to reduced supply costs, says CEO Tim Cook.
Apple earned $90.15 billion in revenue for the fourth fiscal quarter of 2022, according to results released on Thursday.
The bond market has seen a lot of sell-offs in 2022 due to rising interest rates, and Apple's cash reserves have been hit the hardest of all the big tech companies.
Delivery lead times of the iPhone 14 Pro models have dipped below their iPhone 13 equivalents at this stage of release, analysts claim, while demand for the iPhone 14 remains "modest."
Apple is on track to beat Wall Street's fourth fiscal quarter expectations and quarterly revenue records as JP Morgan forecasts a revenue of $90 billion for the company.
Apple's billions upon billions in revenue is large enough to make it more valuable than most countries. Here's how Apple compares to the entire world's financial stage.
Tesla CEO Elon Musk has reportedly renewed his $44 billion offer for Twitter, with news of the potential purchase sending shockwaves across Wall Street.
Foxconn set new records for sales in September, making Apple's main assembly partner "cautiously optimistic" ahead of its fourth-quarter results.
Apple on Wednesday announced that it would detail earnings for 2022's fourth fiscal quarter on October 27, with an investor conference call expected to include a discussion from CEO Tim Cook and CFO Luca Maestri.
Consumer demand for the iPhone 14 Pro models are high compared to those of the iPhone 13 Pro range, analysis of availability indicates, while sales of the Apple Watch Ultra are considered to be quite robust.
Apple chief financial officer Luca Maestri has sold a batch of shares for $16.9 million on Wednesday, an SEC filing reveals, performed as part of an arranged trading plan.
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.
Rumors had suggested Apple would slow hiring and cut spending for select teams, but CEO Tim Cook wouldn't describe it as a slow down.
A new analyst is assuming coverage of Apple for investment bank Morgan Stanley, replacing the well-known Katy Huberty, who has a long track record of correct Apple forecasts.
Investment Bank Morgan Stanley says that Apple's path to a $3 trillion market valuation will stem from the company's user base and an increasing shift to a subscription model.
Investment bank Morgan Stanley has cut its Apple price target to $180 from $185 and is expecting June quarter results slightly below Wall Street expectations.
Apple iPhone shipments in China are up more than 200% year-over-year, according to UBS estimates that hint at solid June quarter results for the company.
Apple is likely to hit Wall Street expectations when reporting its June quarter earnings despite macroeconomic headwinds, according to Wedbush.
While PC shipments have seen the sharpest decline in nine years, researchers suspect that Apple has seen nearly 10% growth year-over-year, shipping about 6.4 million Macs in Q2 2022.
Apple is likely to report a June quarter that lines up with current Wall Street predictions despite macro challenges, thanks to healthy iPhone and Mac demand, investment bank Cowen says.
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