O'Grady's PowerPage

Tag: Q1

  • Apple posts strong shipments, and year-over-year growth as computing industry returns to pre-pandemic levels

    Apple posts strong shipments, and year-over-year growth as computing industry returns to pre-pandemic levels

    It was a long pandemic, but Apple and the larger industry have gotten back to pre-pandemic levels, complete with substantial year-over-year growth.

    According to 9to5Mac, an IDC report released yesterday on global shipments for Q1 2024 showed that while Apple still doesn’t lead for volume, it did come in number one for YoY growth.

    IDC highlights that global PC shipments saw a slump for the last two years with Q1 2024 marking a return to growth.

    While the average increase for all manufacturers stood at 1.5 percent year-over-year growth, Apple was able to see almost 10 times this given a 14.6 percent increase in shipments for Q1 2024 over 2023. Acer came in second for growth with 9.2 percent with Lenovo in third with 7.8 percent. Lenovo took first place for PC shipment market share with 23 percent, HP in second with 20.1 percent, and Dell in third with 15.5 percent market share. Apple currently stands at 8.1 percent market share for Q1 2024 – up 1 percent from Q1 2023. For Q1, Apple shipped 4.8 million Macs.

    With inflation numbers trending down, PC shipments have begun to recover in most regions, leading to growth in the Americas as well as Europe, the Middle East, and Africa (EMEA). However, the deflationary pressures in China directly impacted the global PC market. As the largest consumer of desktop PCs, weak demand in China led to yet another quarter of declines for global desktop shipments, which already faced pressure from notebooks as the preferred form factor.

    Stay tuned for additional details as they become available.

    Via 9to5Mac and Doodle

  • Apple announces $33.9 billion profit on $119.6 billion in revenue for Q1 2024 results

    Apple announces $33.9 billion profit on $119.6 billion in revenue for Q1 2024 results

    You can’t sneeze at a quarterly profit of $33.9 billion.

    Apple on Thursday announced its Q1 quarterly results, which correspond to the fourth quarter of 2023. During the announcement, the company posted revenue of $119.6 billion and net quarterly profit of $33.9 billion, or $2.18 per diluted share, compared to revenue of $117.2 billion and net quarterly profit of $30.0 billion, or $1.88 per diluted share, in the year-ago quarter.

    Gross margin for the quarter hit 45.9 percent, compared to 43.0 percent in the year-ago quarter, and Apple CEO Tim Cook offered the following statement:

    “Today Apple is reporting revenue growth for the December quarter fueled by iPhone sales, and an all-time revenue record in Services. We are pleased to announce that our installed base of active devices has now surpassed 2.2 billion, reaching an all-time high across all products and geographic segments. And as customers begin to experience the incredible Apple Vision Pro tomorrow, we are committed as ever to the pursuit of groundbreaking innovation — in line with our values and on behalf of our customers.”

    As has been the case for over three years now, Apple is once again not issuing guidance for the current quarter ending in March. The company, as usual, didn’t offer specific sales numbers for given products.

    Stay tuned for additional details as they become available.

    Via MacRumors and Apple

  • Apple posts $117.2 billion in revenues, $30 billion profit for Q1 2023

    Apple posts $117.2 billion in revenues, $30 billion profit for Q1 2023

    Last week, Apple posted revenues of $117.2 billion and a net quarterly profit of $30.0 billion for its Q1 2023 financial statement,

    The company’s revenue was down approximately 5 between year-over-year between Q1 2022 and Q1 2023, a steeper decline than had been expected by analysts as Apple grappled with iPhone supply issues in particular but which also saw declines in Mac and wearables.

    The gross margin for the quarter stood at 43 percent, compared to 43.8 percent in the year-ago quarter.

    Apple CEO Tim Cook offered the following comments:

    “As we all continue to navigate a challenging environment, we are proud to have our best lineup of products and services ever, and as always, we remain focused on the long term and are leading with our values in everything we do, During the December quarter, we achieved a major milestone and are excited to report that we now have more than 2 billion active devices as part of our growing installed base.”

    As has been the case for over two years now, Apple is once again not issuing guidance for the current quarter ending in March.

    Stay tuned for additional details as they become available.

    Via MacRumors

  • Rumor: Apple to release 27-inch external mini-LED display in Q1 2023

    Rumor: Apple to release 27-inch external mini-LED display in Q1 2023

    If you’re truly hankering for a high end Apple monitor, you may get your wish next year.

    According to a tweet shared by Display Supply Chain Consultants (DSCC) analyst Ross Young, Apple is planning to launch an external 27-inch monitor with a mini-LED display in the first quarter of 2023.

    Young’s tweet indicated that Apple had “pushed” the debut of the monitor to Q1 2023. Young is presumably talking about the first calendar quarter of 2023, aka the months from January to March.

    Young has also mentioned this before on the MacRumors podcast back in July, and stated that he initially expected Apple to introduce the display in June at WWDC, but he said in May that the launch had to be delayed until October because of design delays. Apple is also unable to meet the October goal, and Young believes the company is now aiming for 2023.

    Over the course of 2022, Apple has been dealing with supply constraints among its Mac and display lines, which could be the reason for the delay.

    The upcoming display is said to feature mini-LED technology alongside ProMotion support, which would allow for a 120MHz refresh rate. The device is not expected to be a direct replacement for the Pro Display XDR, which is a larger, 6K display. It will instead be similar to the Apple Studio Display, which is a 27-inch monitor.

    It’s also thought that the upcoming display could be more expensive than the current Studio Display, which is priced starting at $1,599.

    Stay tuned for additional details as they become available.

    Via MacRumors and @DSCCRoss

  • Rumor: Apple to release M2-based iPad Pro in fall of 2022, incorporate wireless charging feature into tablet

    Rumor: Apple to release M2-based iPad Pro in fall of 2022, incorporate wireless charging feature into tablet

    The rumor mill has is that while Apple is expected to released a new 14-inch iPad Pro in early 2023, the company will release a new round of iPad Pro models in fall 2022, featuring the new M2 chip and wireless charging.

    Per Bloomberg’s Mark Gurman and his Power On newsletter for Bloomberg, Apple is expected to announce new 11-inch and 12.9-inch iPad Pro tablets in September or October.

    Sources have also indicated that a new 14.1-inch iPad Pro is in the works that could arrive in early 2023. The rumor has Gurman’s backing as well as that of display chain analyst Ross Young.

    Young claimed Apple is developing the new, larger iPad Pro to feature a miniLED display and ProMotion support.

    Gurman has stated that the 2022 iPad Pro will feature Apple’s M2 processor. Apple is currently including its M1 processor in its latest iPad mini, iPad Air, and iPad Pro tablets.

    He has also stated that the upcoming 11-inch and 12.9-inch iPad Pro units could feature the M2 chip. The refreshed models may also include a significant upgrade to the camera system. Gurman has also stated that he expects the new models to support wireless charging, though he didn’t specify if this would follow the MagSafe protocol or the universal Qi protocol.

    Stay tuned for additional details as they become available.

    Via The Mac Observer and Bloomberg