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…

Macworld When I bought my first iPad at the Apple Store on Regent Street, when it hadn’t yet been released in my home country of Sweden, it seemed an almost magical device. The screen, which at that point offered neither ProMotion nor even a high resolution, nevertheless felt like a window into a digital world. But best of all was the battery life and especially the amazing standby time, which was superior to just about all the alternatives. Today? Not so much. What the heck happened? If I pick up my iPad Pro after leaving it unused for a few days, chances are the battery will be somewhere around 30% at best, or zero at worst. After the same amount…

Intel reported first-quarter results on Thursday that showed a staggering 133% annual reduction in earnings per share. Revenue dropped nearly 36% year over year to $11.7 billion. Kif Leswing for CNBC: For the second quarter, Intel expects to lose 4 cents per share on revenue of $12 billion. That forecast is shy of analyst expectations for earnings of 1 cent per share on $11.75 billion in sales, according to Refinitiv. In the first quarter, Intel swung to a net loss of $2.8 billion, or 66 cents per share, from a net profit of $8.1 billion, or $1.98 per share, last year. It’s the fifth consecutive quarter of falling sales for the semiconductor giant and the second consecutive quarter of losses.…

For its fiscal second quarter, Apple is expected to report $1.43 in earnings per share on $92.97 billion in sales, a 4.4% decline year over year, according to Refinitiv consensus estimates. Kif Leswing for CNBC: When Apple reports quarterly earnings on Thursday, the results are expected to be somewhat muted — the company already guided investors to a 5% revenue decline due largely to decreases in Mac and iPad sales. But Apple will still remind investors of its mammoth size and market power, as the company uses its fiscal second-quarter report to tell investors how much the board has authorized it to spend on share buybacks and dividends. Wall Street expects that number to come in at $90 billion, equal…

AAPL Q2 2023 earnings will be announced at 2 p.m. PDT/5 p.m. EDT today, and while the company hasn’t offered specific guidance, it has warned that it expects a year-on-year decline of around 5%. Wall Street agrees, with analysts expecting a drop from last year’s record $97.3B – but Apple is expected to demonstrate its own continued confidence in the stock through a large buyback announcement … more… The post AAPL Q2 2023 earnings expected to be down, but stock buybacks to show confidence appeared first on 9to5Mac.

AAPL Q2 2023 earnings will be announced at 2 p.m. PDT/5 p.m. EDT today, and while the company hasn’t offered specific guidance, it has warned that it expects a year-on-year decline of around 5%. Wall Street agrees, with analysts expecting a drop from last year’s record $97.3B – but Apple is expected to demonstrate its own continued confidence in the stock through a large buyback announcement … more… The post AAPL Q2 2023 earnings expected to be down, but stock buybacks to show confidence appeared first on 9to5Mac.