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Apple Reports Fourth Quarter Results
- drcongo 4y agoWell now I'm a bit less happy about them putting up the prices on services the other day.
- philjohn 4y agoWell how else are they going to keep growing if they don't extract ever increasing rents? Realistically they've [1]plateau'd in market penetration for mobile phones, so their push into advertising, jacking up costs for established services is really MBA 101. [1] https://www.businessofapps.com/data/apple-statistics/ https://www.businessofapps.com/data/apple-statistics/
- brookst 4y agoMBA 102 says you always maximize profits. You don't set a goal and then diversify when existing revenue streams plateau, you seek new revenue streams all the time. And I don't think iPhone has plateaued anyway. Worldwide, iOS market share has gone from 20% to 28% in the past five years[1]. Apple is working hard to accelerate that growth. They may or may not succeed, but it would take an MBA 101 dropout to accept a 28% market share plateau. [1] https://gs.statcounter.com/os-market-share/mobile/worldwide/#monthly-200901-202210 https://gs.statcounter.com/os-market-share/mobile/worldwide/...
- alwillis 4y agoAre you okay with more money going to content creators? From https://9to5mac.com/2022/10/24/apple-music-tv-prices-going-up/ https://9to5mac.com/2022/10/24/apple-music-tv-prices-going-u...: Apple said the increase in Apple Music subscription price was due to increased licensing costs. The company said artists and songwriters will earn more per stream as a result of the pricing tier changes. Regarding Apple TV+, the company said the increased price reflects the growing catalog of original TV shows and movies:
- trap_goes_hot 4y agoApple's suppliers raised prices, so they just passed it on to the customer. Seems to be standard practice in corp America.
- drcongo 4y agoI don't think anyone whose job title is "content creator" deserves anything at all.
- zeroonetwothree 4y agoI canceled my service as a result. Honestly I'd rather give my money to almost any other company at this point.
- ckastner 4y agoAnnual revenue of $394 billion, more than a billion a day. Not the first company to do it, though. Exxon did it in the 2000s when oil was up to $140, and I think Walmart did it, too.
- est31 4y ago2% of (nominal) US GDP! If Apple were a country, it would rank in the top 30.
- TMWNN 4y agoHarry Truman said in 1945 about the atomic bomb, "We thank God that it has come to us, instead of to our enemies". I feel the same way about Apple and FAANG and Silicon Valley as a whole (and Wall Street, and Hollywood, and SpaceX/Tesla, and the Ivy League), that they are in the United States. That doesn't mean I approve of everything they do. That doesn't mean I can't or won't decry their putting thumbs on scales toward a certain type of bien-pensant ideology. That does mean that, overall, I am very, very glad that they are American instead of Russian, Chinese, or even British, French, or German.
- FullyFunctional 4y agoYou mean AAG? :) both Facebook and Netflix have slid dramatically from their prior glory.
- jimbob45 4y agoThere's an argument to be made for one or all of Microsoft, Tesla, and Google to be included in there (I'm not calling them Alphabet and I'm not calling Facebook Meta I don't care how much you pay me).
- ben_w 4y agoIf only one of the company names started with the letter E, then we could make the meta-joke of META standing for Meta, E*, Tesla, Alphabet.
- chollida1 4y agoNumbers: - Q4 wearables of $9.6B, beats est byu close to $1B - Q4 Services Rev fo $19.2B short of Est by $800M - Q4 iphone Rev of $42.6B meets Est - Q4 ipad Rev of $7.2B, short of Est by $600M - Q4 Rev of $90.2B beats Est by $2B, that also means its up 8ish% YoY - Q4 Mac Revenue of $11.5B, beats by $2B, nice, forgot they make computers;) - China Rev of $15.5B, this is interesting, AAPL clearly has alot of China exposure in a time when that can go away in an instant. - declared a cash div of $0.23/share Interesting: - AAPL hiking prices on Apple One, up $2, Music up $1/month, TV up $2, - they generated over $24B in cash - they returned $29B to investors this quarter, wow, them and MSFT and cash flow machines, maybe the only two tech companies you want to hodl right now - they have only spent $300M on acquisitions this year, that doesn't seem like alot. Watch for: - lots of currency exposure in this company, does the USD strength help or hurt them, or are they really good at hedging currency risk? - AAPLE has $23B in cash, down 1/3 from this time last year. Mostly given back to investors. Probably nothing to worry about here:) - $3 trillion in market cap has been lost in the past year among 7 of the biggest stocks. $GOOG $MSFT $META $AMZN $TSLA $NFLX $AAPL( from twitter) - from bloomberg, Maestri said Apple will likely see 10 percentage points of currency impact in the first quarter. That is alot, and a significant headwind. That could be an entire paypal worth of currency drag Guidance provided by AAPL - revenue growth will decrease going into Q1 - mac revenue to decline substantially
- pavlov 4y agoSo Apple Watch and AirPods is almost as big a business as the Mac. Wow, I didn’t realize that. Quite a vindication of Tim Cook’s decade at the helm.
- leokennis 4y agoDon’t forget Tim Cook also brought you crummy gambling ads next to gambling addiction recovery apps on your $1500 phone.
- jshzglr 4y agoAlthough this is not ideal, it's also basically not an issue for me. I spend approximately 5 min a month in the App Store. However, I do a perceive a slight sheen on the slope.
- endisneigh 4y agoApple is unbeatable, what numbers jeez. And to think, Apple’s main competitor being practically forced into giving them money is what saved them. The government should take something from this and not allow for too much consolidation. I’m sure apple giving a few billion to a few hundred small companies could yield some results. I’m very curious what would happen to Google and Meta if Apple announced they’re going to seriously pivot into ads with a revenue target of 100B per quarter.
- tootie 4y agoThey have two trump cards: vertical integration and a brand halo more popular than Jesus. Their engineering chops are first rate but they win because they do everything for quality, charge a massive premium for it and have users line up. Everyone else has to spend energy and resources making something that can compete on value because they don't have the brand. And they have to negotiate with everyone up and down their supply chain and put their products up against dozens of competitors.
- alphabetting 4y agoGoogle's insistence on paying the $15B a year is odd to me. I'm sure they've run a bunch of experiments and they view it as making sense financially but I'm not sure how many people would settle with Bing as default search. Their #1 search term being "Google" is pretty telling.
- atdrummond 4y agoI thought parent was referring to Microsoft’s deal with Apple during the anti-trust era.
- alphabetting 4y agoAh, you're right. Misread that.
- graeme 4y agoYou can also view the $15 billion as a bribe to prevent apple from trying its hand at search. Apple already has a substantial search effort behind the scenes
- retskrad 4y agoHoly moly, the Mac keeps growing like crazy. It’s amusing how Apple wanted the iPad to disrupt the Mac but the advent of M-Series chips on the Mac has really nipped that ambition in the bud.
- SoftTalker 4y agoIt's amazing. I sometimes wonder what value these people see in this stuff. I guess I just "think different" as nothing that Apple offers is compelling to me in the slightest way. Yet one can't deny the reality.
- procinct 4y agoFor me, having a really fast laptop with a battery that lasts over a day is pretty great value compared to other laptops on the market.
- chrisseaton 4y agoDo you not think M1 is a compelling architecture? I think it’s technically brilliant and it has a positive impact on my life.
- seabriez 4y agoM1 saved my marriage, and before that it saved my life as well. My mom loves M1 more than me.
- soderfoo 4y agoIf you don't mind, I'd love if you could share a bit about how it helped your marriage. Serendipitous solutions enthrall me, and broadens my thinking for when I'm faced with a condondrum.
- ayewo 4y agoText is a terrible medium for conveying the heavy dose of sarcasm in the GP :) I assume you are also playing along :) ?
- MetaverseClub 4y agoI'm just curious how much Rev/Profit they made on selling employee lunches and dinners.
- microtherion 4y agoApple has 150k employees. Probably get <$15 revenue on average per employee/day, 230 days a year. So <$500M of revenue a year, and with the price/quality of the food, I doubt it's being run at a profit (It's not like they have a wine menu to boost their bottom line).
- happyopossum 4y agoMost of those 150k employees are in retail, who don't eat at their cafeterias, and $15 is a stretch at that - I think the most I ever spent at a cafe Macs was about $10... All that to say, you're probably off by about 80%....
- microtherion 4y agoI was trying to estimate as conservatively as possible. Good point about the retail employees!
- pertymcpert 4y agoYou haven't been there in a while have you?
- sib 4y agoDo they own and operate the cafeterias? Or is it a third-party service provider?
- neuralspark 4y agoOwn and operate, with the guidance that they should be break-even.
- microtherion 4y ago
- m3kw9 4y agoApple essentially makes require hardware(iPhone) most people needs and they leverage that to over other hardware and services around it. Simple and effective, not easy to do though!
- electriclove 4y agoDid they announce anything in regards to share buybacks? They reduced outstanding shares by ~37% over the past 10 years. https://www.macrotrends.net/stocks/charts/AAPL/apple/shares-outstanding https://www.macrotrends.net/stocks/charts/AAPL/apple/shares-...
- mrep 4y agoWouldn't surprise me if they stopped and switched to dividends with the additional tax on buybacks.
- pkrumins 4y agoIsn’t it Q3? Q4 just started (Oct 1 - Dec 31).
- objclxt 4y agoApple’s financial year runs September to September.
- pkrumins 4y agoGot it! Didn’t know.
- Jonovono 4y agothink different
- macintux 4y agoOffsetting the fiscal year from the calendar year is, I believe, fairly common. If nothing else surely it makes for a less miserable holiday season: don't have to spend as much time dealing with end-of-fiscal-year accounting.
- AnonMO 4y agoAnd they say money doesn’t grow on trees.
- foobarian 4y agoMeta revenue YoY: -25% Apple revenue YoY: +25%
- seabriez 4y agoLOL, yep
- deleted 4y ago[deleted]
- colinmhayes 4y agometa revenue down 4% YoY
- nsenifty 4y agoMeta revenue YoY is -4%. https://investor.fb.com/investor-news/press-release-details/2022/Meta-Reports-Third-Quarter-2022-Results/default.aspx https://investor.fb.com/investor-news/press-release-details/...
- HeckaSmart 4y agoMacs grew at 25% YoY (Apple earnings) while the PC market shrank by 15% YoY (IDC). Apple Silicon is doing wonders.
- paxys 4y agoSeems like Apple is the only tech giant who will come out of the earnings season (relatively) unscathed. MSFT, GOOG, META, AMZN – not so much.
- paulpauper 4y agoThe iPhone is the greatest cash machine ever. Some people are probably on their 10th iPhone . Some people probably spent thousands of dollars on app store.
- macintux 4y agoI think I've owned more iPads than iPhones, but it's a close race. 8:7 if I'm calculating correctly. Buying into the Apple ecosystem is a great way to stop spending countless hours researching your buying options.
- insane_dreamer 4y agoThe most amazing to me is how Apple reversed its fortunes with the Mac. According to a quick search of Wikipedia (haven't checked further), Mac worldwide market share was 5.7% in 1996 (after years of decline). It then dropped out of the top 5 for the next 20 years -- the page doesn't give numbers other than top 5, but in 2006 Toshiba was #5 with 3.8% so it was below that. Not only did it manage to bring its share back to 1996 levels, but it's now at 9%. And that's worldwide -- US market share is probably larger. I can't think of another company that has had such a stunning turnaround for a product line that was nearly headed the way of many other hardware vendors (some of whom made pretty good products, I had a NEC back in the day and it was a good machine).
- pclmulqdq 4y agoWhat can't be emphasized enough here is how much Windows created this. They went from the 95-XP arc, some of the best operating systems from a user's perspective, to 7 (another hit), to now windows 10 and 11, which turn your device into a slow always-connected ad platform that you don't really control. In other words, Windows became one of those toolbars that we all have to remove from our grandmothers' browsers. For me, the answer was Linux, but for a lot of people who don't want to use a terminal daily, MacOS is the answer. If you are a user, Windows hates you. MacOS doesn't. Edit: I forgot Windows 8 and Vista. Memory holed due to trauma.
- sgerenser 4y agoMost of Apples market share growth occurred in the Vista/7 era. Probably a bit more due to Windows 8, but overall Windows 10 probably had minimal effect. Most casual users and the press has been pretty positive on Win10.
- pishpash 4y agoYou can tell all this revisionist history is written by people who did not experience it. Macbook market share grew among developers because it had a BSD shell and worked well with the web and mobile stacks of the mid- to late-2000's that were built on open source. Among non-developers it was an upsell from the success of other Apple products, especially upselling from the iPhone to the Macbook Air for which there was little hardware competition. User-facing parts of the operating system was not a reason in any of this.
- trap_goes_hot 4y agoI think I paid off a few monthly payments for an executives BMW with my Apple purchases. :)
- jldugger 4y agoNah, Phil Schiller is a Porsche driver, and Eddy Cue is on the Board of Ferarri. The only one driving a BMW is the frugal minded Tim Cook.
- amai 4y agoDisappointing, that they own outdated combustion engine cars. They should have the money to by the fastest electric car on the market: https://en.m.wikipedia.org/wiki/Rimac_Nevera https://en.m.wikipedia.org/wiki/Rimac_Nevera
- keeperoftruth 4y ago
- gadflyinyoureye 4y agoMost of the laptops don’t have Linux capacity, 15” screen, and keyboard without a number pad. So far a MBP is the best I can find. The keyboard is a deal breaker.
- deleted 4y ago[deleted]
- alpaca128 4y agoMy current Macbook cost the same as the Thinkpad before it, yet has 2.5x the real-world performance, four times the battery life, better screen and touchpad, and runs completely silent. But if calling me a lemming for that makes you feel better then go for it.
- 0x5345414e 4y agoOne day when you’re all grown up you’ll understand that people valuing different things than you doesn’t mean they’re idiots.
- mensetmanusman 4y agoOne move by China and Apple sales pause for a few years. Is this priced in?
- buzzert 4y agoWhat makes you think TSMC can’t continue to operate under Chinese control?
- orangecat 4y agoThe relatively high probability of any or all of severe economic sanctions, the people who know how to run TSMC escaping, and the TSMC facilities themselves being replaced by large craters.
- deleted 4y ago[deleted]
- icapybara 4y agoThe machines will become inoperable in weeks without external support.
- puppymaster 4y agoyou are talking about supply. OP probably referred to demand.
- suction 4y ago
- faangiq 4y agoGotta be some mega accounting shens going on here.
- gt565k 4y agoI used to be a die hard android and Linux user, cuz you know it was all hip. I got frustrated with android phones never being updated in the early days. Linux always having video driver issues with multiple monitors and a crappy UI. A buddy gave me his old iPhone 5 to use when like the 7 or 8 was already out. The 5 was still better than my 1 year old android phone that I broke. Apple just gets hardware right. Id never buy a non Apple product for my phone or laptop. They have the edge now especially more so with the latest silicon. Vertical integration works when done right and Apple does it best.
- ladyanita22 4y agoI wonder which 1 year old Android phone you had...
- gt565k 4y agoIt was a long time ago. It was a flagship Motorola phone or something. Either way, the fact remains that android is fragmented as fuck. Has to support a whole bag of different hardware configurations and is quirky, then manufacturers abandon the hardware and don’t provide android os updates. Each manufacturer adds their own bloatware apps to the android ecosystem. There’s a reason even 5-6 year old iPhones still work like a charm on iOS even today. The hardware is much better integrated and supported by the software.
- ladyanita22 4y agoAn iPhone 5 has for sure less software support than whatever Motorola you had. And no, there's no integration story. Android has issues iOS has not (and the other way around), but performance wise they're pretty comparable on similarly specced devices. Unless you're comparing a flagship iPhone against a lowend Android, you won't see as big of a difference.
- skc 4y agoI actually like that Apple completely obliterates the fiction that people don't want a walled garden. It's such a minority as to be utterly irrelevant. These insane numbers prove it.
- TrackerFF 4y agoA LOT of information is lost, or abstracted away, if revenue is the only thing you look at. There are probably tens to hundreds of latent parameters, where the net sum can come out as a positive (which translates to purchase / not purchase outcome). I enjoy a lot of things with Apple products, and I get them free via my job - but I absolutely hate their (walled garden) app ecosystem. But still - since Apple is the only thing I can get at work, we / I become one more positive statistic.
- krelian 4y agoHN threads are a bad source for what real people want and feel. It's terrific for talking about the technical side of things or about products and services that are geared towards the HN demographic but at the moment you step out of that comfort zone the disconnect between HN and real people becomes jarring. And on a different note, and this is an idea that can use some further development, the fact that a non-free, closed source, walled garden, subscription-based software rules our life when free software alternative exists but remain unused by the majority of people is in a way a demonstration of how anarchism (= free software movement) has no chance to take hold in human society. Humans will always be prepared to trade some freedom for comfort.
- deleted 4y ago[deleted]
- throwaway0x7E6 4y agoand the numbers McDonalds is pulling prove that people who cook their own meals are an utterly irrelevant minority as well.
- ceejayoz 4y ago
- pulse7 4y agoI don't see Africa in "Net sales by reportable segment"...
- amai 4y agoA PDF? That is so 1990, when we were still printing out the Internet. Why can't this be a interactive HTML Table? Or some other machine readable format. Even an MS Excel sorry Apple Numbers sheet would be better.