Tom Forte, DA Davidson managing director and senior research analyst, joins CNBC’s “Squawk on the Street” to discuss the most important reason for Forte’s Apple upgrade, iPhone strength in reopening China, if iPhone will continue taking share from Android, and much more. Apple last week announced financial results for its fiscal 2023 second quarter ended April 1, 2023. The Company posted quarterly revenue of $94.8 billion, down 3 percent year over year, and quarterly earnings per diluted share of $1.52, unchanged year over year. “We are pleased to report an all-time record in Services and a March quarter record for iPhone despite the challenging macroeconomic environment, and to have our installed base of active devices reach an all-time high,” said…

Macworld Apple on Thursday announced its second quarter 2023 earnings, posting revenue of $94.8 billion for the quarter, a 3 percent decline year over year, and quarterly earnings per diluted share of $1.52, which is unchanged from last year. Apple beat the expectations of analysts that predicted revenue of $92.96 billion and $1.43 earnings per share. Mac sales took the biggest hit, posting net revenue of $7.2 billion, a 31 percent decrease compared to the same quarter last year. iPad revenue was also down 13 percent to $6.7 billion. Apple did say, however, that the Mac and iPad reached all-time highs for their installed bases worldwide, but the company did not provide numbers. Apple’s Wearables, Home and Accessories sales were…

MacDailyNews presents live notes from Apple’s Q223 Conference Call with analysts starting at 2pm PDT / 5pm EDT today, May 4, 2023. This stream is best experienced on an iPhone 7 or later, iPad (5th generation or later), or iPod touch (7th generation) using Safari on iOS 12 or later; or a Mac using Safari on macOS Mojave 10.14 or later. Streaming to your TV requires an AirPlay 2–capable device, or via AirPlay to an Apple TV (2nd generation or later) with the latest Apple TV software or tvOS. Other platforms may also be able to access the stream using recent versions of Chrome, Firefox, or Microsoft Edge (MSE, H.264, and AAC required). Apple’s live conference call webcast will begin…

Apple today announced financial results for its second fiscal quarter of 2023, which corresponds to the first calendar quarter of the year. For the quarter, Apple posted revenue of $94.8 billion and net quarterly profit of $24.1 billion, or $1.52 per diluted share, compared to revenue of $97.3 billion and net quarterly profit of $25.0 billion, or $1.52 per diluted share, in the year-ago quarter. Apple set a new all-time record for Services revenue at $20.9 billion and a new March quarter record for iPhone revenue at $51.3 billion, but the Mac in particular saw a significant year-over-year decline in quarterly revenue, falling from $10.4 billion to $7.2 billion. Gross margin for the quarter was 44.3 percent, compared to 43.7…

Apple today announced financial results for its fiscal 2023 second quarter ended April 1, 2023. The company posted quarterly revenue of $94.8 billion, down 3 percent year over year, and quarterly earnings per diluted share of $1.52, unchanged year over year. “We are pleased to report an all-time record in Services and a March quarter record for iPhone despite the challenging macroeconomic environment, and to have our installed base of active devices reach an all-time high,” said Tim Cook, Apple’s CEO, in a statement. “We continue to invest for the long term and lead with our values, including making major progress toward building carbon neutral products and supply chains by 2030.” “Our year-over-year business performance improved compared to the December…

Last year, we got a close look at the iPhone recycling robot Daisy. With over 2 billion iPhones sold worldwide, figuring out how to scale recycling smartphones efficiently is a major part of Apple’s plan to be carbon neutral by 2030. Now a new behind-the-scenes look at Daisy asks the question, “is this robot Apple’s most important device yet?” more… The post Watch Apple’s iPhone recycling robot Daisy punch out screws, freeze batteries, and more appeared first on 9to5Mac.