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…

Apple today announced 20 new titles launching on Apple Arcade, Apple’s game subscription service that offers unlimited access to over 200 incredibly fun games. The new titles include WHAT THE CAR?, TMNT Splintered Fate, Disney SpellStruck, and Cityscapes: Sim Builder, all of which are only available on Apple Arcade. The expansion also adds popular games from the App Store to the service, including Temple Run+, Playdead’s LIMBO+, PPKP+, and more. Apple Arcade brings together over 200 critically acclaimed original and exclusive mobile games across iPhone, iPad, Mac, and Apple TV. for just just $4.99 per month or $49.99 per year “Apple Arcade brings together hundreds of fun titles in one gaming destination for our users to discover and enjoy,” said…

Jay Newman, a former senior portfolio manager at Elliott Management, wonders what will happen with Apple currently attempting to diversify production and assembly out of CCP-controlled China. Apple CEO Tim Cook Jay Newman for Financial Times: The world’s most valuable company makes great products, but it may turn out that the biggest driver of its share price has been the close relationship CEO Tim Cook has cultivated with China. Entente cordiale with the Chinese Communist party affords Apple a charmed existence when it comes to manufacturing and selling products in China. But scary data points keep popping up. Just in recent weeks, China has sanctioned Lockheed Martin and Raytheon; begun a probe of Micron; raided the due diligence firm Mintz…