Apple's record $83.4B Q4 misses Wall Street expectations
Apple earned $83.4 billion in revenue during its fourth fiscal quarter of 2021, missing Wall Street expectations but showing strong growth across its many product categories.
Apple earned $83.4 billion in revenue during its fourth fiscal quarter of 2021, missing Wall Street expectations but showing strong growth across its many product categories.
Apple is likely to outperform expectations when it reports earnings for its fourth quarter of 2021, but the actual call with investors is unlikely to be a catalyst, Morgan Stanley says.
A Wedbush analyst is expecting Apple to beat across the board when it reports earnings later in October, though he adds that supply constraints could lead to iPhone shortages in the holiday quarter.
Apple has unveiled new products in its MacBook Pro, AirPods, and Apple Music lineups. Here's what analyst thought about the company's latest offerings.
Apple will likely report a solid revenue beat for its fourth quarter, though supply constraints could lead to first quarter guidance lower that's than usual, according to JP Morgan.
Apple will refresh its MacBook Pro lineup at its Oct. 18 event, but "AirPods 3" are more of a wild card despite being ready to ship, according to an analyst.
A report Tuesday indicated that Apple could cut iPhone 13 production by as much as 10 million units because of supply problems. Analysts don't believe that it'll affect Apple much.
Consumers looking to upgrade or switch to a new iPhone early in its lifecycle are showing more interest in Apple's higher-end iPhone 13 Pro and iPhone 13 Pro Max modes, largely due to a lack of relevant rivals.
Apple's App Store saw its fastest growth rate in months in September, outperforming investment bank Morgan Stanley's net revenue forecasts and implying a strong Services result for the company's fourth quarter.
Lead times for every model in Apple's new iPhone 13 lineup remained stable in the third week of availability, a potential indicator that demand for the lineup is robust, an analyst said.
Apple's profits from gaming outweighed those of major game companies, according to a report, with Apple earning more from App Store games in its 2019 fiscal year than Nintendo, Microsoft, Activision Blizzard, and Sony combined.
Apple investor Christian Brothers Investment Services is pressing the company to do more to combat the spread of child sexual abuse material (CSAM), with a specific eye on videos.
Apple remains a top pick for investment bank JP Morgan, which expects the company to exceed low investor expectations in iPhone and services growth.
Apple on Tuesday announced that it will detail earnings for the fourth fiscal quarter of 2021 on Oct. 28, with an ensuing investor conference call expected to include a discussion from CEO Tim Cook and CFO Luca Maestri.
Investment bank Wedbush believes that iPhone 13 orders are about 20% ahead of the company's previous iPhone 12 lineup, driven in part by strong demand in China.
Apple iPhone sales in China slowed down in August, likely suggesting that many Chinese customers deferred purchasing new handsets in anticipation of the iPhone 13 launch.
Apple's new iPhone 13 Pro models are off to a strong start, with several metrics pointing toward better demand than the company's devices have seen in years, according to Morgan Stanley.
Investment Bank Morgan Stanley is reiterating its forecast of strong, continued iPhone growth in 2022, citing the iPhone 13's delivery of features consumers care most about.
A recent U.S. District Court ruling in the Epic Games v. Apple trial is likely to have only a limited impact on Apple's App Store revenue, even in a worst-case scenario, Morgan Stanley says.
Investment bank JP Morgan expects the iPhone 13 lineup and an upcoming iPhone SE model to drive Apple to another record-breaking fiscal year in 2022.
{{ summary }}