Apple on Tuesday announced the results for its second fiscal quarter of 2019. The company reported revenues of $58 billion for the quarter, which was down 5 percent from a year ago. Apple also highlighted Services revenues of $11.5 billion, and announced a $75 billion stock repurchase program. “Our March quarter results show the continued […]
Tag: Luca Maestri
There are times when even a net profit of $19.9 billion is below expectations. Apple on Tuesday announced its Q1 2019 profits, which were decidedly lower than the initial guidance of $89 billion to $93 billion. For the holiday quarter, Apple posted revenue of $84.3 billion and a net profit of $19.9 billion, a 5 […]
Apple on Tuesday announced that it would report its fourth quarter 2018 earnings on November 1st, the updated numbers including initial sales of the iPhone XS and iPhone XS Max handsets. Announced in an update to its Investor Relations webpage, Apple’s fourth quarter conference call is scheduled for Thursday, Nov.1, at 2 p.m. Pacific, 5 […]
Apple announced that it will release its quarterly earnings for its second fiscal quarter of 2018 on May 1st. The forthcoming report and following conference call will be held on Tuesday, May 1 at 2 p.m. Pacific, 5 p.m. Eastern. Apple CEO Tim Cook and CFO Luca Maestri are anticipated to provide detail on the […]
Apple may switch from Intel-based chips to its own chips that are being developed in-house, thereby causing Intel’s stock to take a beating. Intel shares dropped sharply on Monday after a report that Apple would switch from Intel’s chips to its own chips for use on Mac computers. As a result, Intel’s shares fell as […]