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Too lazy to reformat news copy pasta:
16:30 [AAPL] Reports Q1 $1.88 v $1.93e, Rev $117.2B v $121.2Be - Gross margin 42.9% v 43.8% y/y (calculated) - iPhone Rev $65.8B v $71.6B y/y v $68.3Be - iPad Rev $9.4B v $7.2B y/y v $7.8Be - Services Rev $20.8B v $19.5B y/y v $20.7Be - Greater China Rev $23.9B v $25.8B y/y (v $15.5B q/q) - Wearables, Home & Accessories ('other') products revenue $13.5B v $14.7B y/y v $15.3Be (includes sales of Apple TV, Apple Watch, Beats Electronics, iPod and Apple-branded and third-party accessories)
- CEO: “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,” said Tim Cook, Apple’s CEO. “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.” “We set an all-time revenue record of $20.8 billion in our Services business, and in spite of a difficult macroeconomic environment and significant supply constraints, we grew total company revenue on a constant currency basis,” said Luca Maestri, Apple’s CFO. “We generated $34 billion in operating cash flow and returned over $25 billion to shareholders during the quarter while continuing to invest in our long-term growth plans.”
CEO Cook: Production is now back where we want it to be - post earnings comments - Production disruptions at Chinese manufacturing sites lasted through most of December; Saw increased traffic in stores during Dec as the lockdowns lifted - FX headwind Q1 was 8%versus the expected 10% - iPad's strong performance stemmed from the launch of new models and the absence of supply constraints that had hindered sales of the device a year earlier- Apple now has 935M paid subscriptions v 900M q/q
16:30 [AAPL] Reports Q1 $1.88 v $1.93e, Rev $117.2B v $121.2Be - Gross margin 42.9% v 43.8% y/y (calculated) - iPhone Rev $65.8B v $71.6B y/y v $68.3Be - iPad Rev $9.4B v $7.2B y/y v $7.8Be - Services Rev $20.8B v $19.5B y/y v $20.7Be - Greater China Rev $23.9B v $25.8B y/y (v $15.5B q/q) - Wearables, Home & Accessories ('other') products revenue $13.5B v $14.7B y/y v $15.3Be (includes sales of Apple TV, Apple Watch, Beats Electronics, iPod and Apple-branded and third-party accessories)
- CEO: “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,” said Tim Cook, Apple’s CEO. “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.” “We set an all-time revenue record of $20.8 billion in our Services business, and in spite of a difficult macroeconomic environment and significant supply constraints, we grew total company revenue on a constant currency basis,” said Luca Maestri, Apple’s CFO. “We generated $34 billion in operating cash flow and returned over $25 billion to shareholders during the quarter while continuing to invest in our long-term growth plans.”
CEO Cook: Production is now back where we want it to be - post earnings comments - Production disruptions at Chinese manufacturing sites lasted through most of December; Saw increased traffic in stores during Dec as the lockdowns lifted - FX headwind Q1 was 8%versus the expected 10% - iPad's strong performance stemmed from the launch of new models and the absence of supply constraints that had hindered sales of the device a year earlier- Apple now has 935M paid subscriptions v 900M q/q
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