Important
JULY 28, 2022 AT 08:30 PMApple Inc (AAPL) Q3 2022 (USD): EPS 1.20 (exp. 1.16), Revenue 82.96bln (exp. 82.81bln)
Source
SectionUS Equities
- iPad: 7.22bln (exp. 6.94bln)
- iPhone: 40.67bln (exp. 38.33bln)
- Mac: 7.38bln (exp. 8.7bln)
- Products revenue: 63.36bln (exp. 62.44bln).
- Wearables, home and accessories 8.08bln (exp. 8.82bln).
- Service revenue 19.60bln (exp. 19.75).
- Greater China revenue 14.60bln, -1.1% Y/Y.
COMMENTARY:
- CFO seeing no demand slowdown for iPhones.
- Over 800mln paying subscribers now.
- Expect 6% hit from FX in current Q.
- Ad sales being hurt by economic environment in previous, and current Q.
- Supply chain issues in June cost just under USD 4bln in sales.
- Mac and iPad remain supply constrained.
- Wearables, home products, and accessories seeing demand weakness due to economy.
Via Apple