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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 […]

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Apple posts $83.4 billion in revenues, $20.5 billion profit for Q4 2021

Apple posted $83.4 billion in revenue for its fourth quarter of 2021, leading to a $20.5 billion profit, missing Wall Street expectations, but still showing strong growth along its assorted product categories. The company published its Q4 2021 earnings on Thursday shortly before a call with investors. Apple’s $83.4 billion in revenue represents year-over-year growth […]

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Apple announces 3Q 2021 financial results, reports $21.7 billion profit on $81.4 billion in revenues

Apple on Tuesday announced the results of its third quarter for 2021. The company posted revenues of $81.4 billion with a net quarterly profit of $21.7 billion, compared to revenue of $59.7 billion and net quarterly profit of $11.25 billion, in the year-ago quarter. Apple’s top-line numbers shattered June quarter records for the company. Gross […]

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Apple announces Q3 2019 earnings event for July 30th

Apple announced on Monday that the company would release its Q3 2019 earnings on July 30th. Following the release of the earnings, the company will hold a conference calls with investors and analysts at 2PM PT/5PM ET. Apple has released the following guidance for the event: Revenue between $52.5 billion and $54.5 billion Gross margin […]

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Apple revises guidance for Q1 2019, predicts lower revenues between $5 billion and $9 billion for the quarter

For the first time in years, Apple adjusted its first-quarter earnings for the upcoming fiscal year, its 2019 estimates reading as follows: Revenue of approximately $84 billion Gross margin of approximately 38 percent Operating expenses of approximately $8.7 billion Other income/(expense) of approximately $550 million Tax rate of approximately 16.5 percent before discrete items