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Apple to Report Earnings on November 2 Following iPhone 15 Launch

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Apple has announced that it will report its earnings results for the fourth quarter of the 2023 fiscal year on Thursday, November 2. The report will be available at 1:30 p.m. Pacific Time on that day, and Apple's CEO Tim Cook and CFO Luca Maestri will discuss the results on a conference call with analysts at 2:00 p.m. Pacific Time.

iPhone-15-Pro-lineup.jpg

A live audio stream of the call will be available on Apple's Investor Relations page, and a recording will be available later in the day for replay.

The quarter ran from July 2 through September 30. During this period, Apple's key product launches included the iPhone 15 lineup, Apple Watch Series 9, Apple Watch Ultra 2, and updated AirPods Pro with a USB-C charging case.

Apple has not provided formal guidance since early 2020, but analysts expect the company to report quarterly revenue of around $89.2 billion on average, according to Yahoo Finance. Apple reported $90.1 billion revenue in the year-ago quarter.

Maestri provided the following commentary on Apple's earnings call last quarter:
We expect our September quarter year-over-year revenue performance to be similar to the June quarter, assuming that the macroeconomic outlook doesn't worsen from what we are projecting today for the current quarter.
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AAPL closed at $173.66 today, down from a 52-week high of $198.23.

Article Link: Apple to Report Earnings on November 2 Following iPhone 15 Launch
 
Article Link
https://www.macrumors.com/2023/10/04/apple-q4-2023-earnings-results-date/
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FattiesGoneWild said:
Hardly. It’s the same spiel with record revenue and the 15 series selling the fastest ever. Pro/Max being the best sellers with most profit. Tough times apparently yet, everyone always suddenly has money for these expensive phones every year.
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I’m wondering the same thing too. I visited New York last August and everyone I saw had a top of the line iPhone. I don’t believe for one second there is gonna be a recession. People learned from 2008 and they have been saving and stashing money away. Disposable incomes seem to be much larger to warrant purchases like these. Supermarkets aren’t empty either. Every week I go it’s struggle to get through. I came back from the barber this evening and the restaurants on both sides of town were packed with people eating out and it’s just the middle of the week.
 
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Mr. Dee said:
I’m wondering the same thing too. I visited New York last August and everyone I saw had a top of the line iPhone. I don’t believe for one second there is gonna be a recession. People learned from 2008 and they have been saving and stashing money away. Disposable incomes seem to be much larger to warrant purchases like these. Supermarkets aren’t empty either. Every week I go it’s struggle to get through. I came back from the barber this evening and the restaurants on both sides of town were packed with people eating out and it’s just the middle of the week.
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They just don’t care anymore and always look on the bright side of life until the house of cards collapses. Top of the line iPhone for posing and huge debt on multiple cards.

www.bankrate.com

Average American Debt Statistics | Bankrate

From mortgages and HELOC loans to credit card and medical debt, Americans are in more debt than ever. Bankrate has the latest on what we’re paying.
www.bankrate.com
 
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What exactly do folks get out of these? Not just the ones with Apple (although I'd be curious about Apple specific instances), but in general? I guess if you've got stock in the company?
 
ackmondual said:
What exactly do folks get out of these? Not just the ones with Apple (although I'd be curious about Apple specific instances), but in general? I guess if you've got stock in the company?
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Yeah. Interesting for investors. That's really about it. Sometimes there are some insights on future Apple plans.
 
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FattiesGoneWild said:
Hardly. It’s the same spiel with record revenue and the 15 series selling the fastest ever. Pro/Max being the best sellers with most profit. Tough times apparently yet, everyone always suddenly has money for these expensive phones every year.
Click to expand...
Yup, the culture of paying with anyone else's money (credit) and paying monthly it's quite "easy".
Despite that, I start seeing serious critical voices around Apple policies from sources that never thought would be critical with the company and its porducts. Let's see what happens in coming years
 
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DFZD said:
Well Master Tim has already cashed out so we know which way its going.
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Cashed out?

Hardly. He sells a relatively small number of shares every year. Likely to pay income taxes, fund charities, etc. Makes a lot of sense.
 
Mr. Dee said:
I’m wondering the same thing too. I visited New York last August and everyone I saw had a top of the line iPhone. I don’t believe for one second there is gonna be a recession. People learned from 2008 and they have been saving and stashing money away. Disposable incomes seem to be much larger to warrant purchases like these. Supermarkets aren’t empty either. Every week I go it’s struggle to get through. I came back from the barber this evening and the restaurants on both sides of town were packed with people eating out and it’s just the middle of the week.
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Americans often buy things they can’t afford for status. It’s all based on credit and payment plans. If those weren’t there, nobody would buy an Apple device. Apple knows this so that’s why carriers and Apple offer payment plans .
 
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citysnaps said:
Cashed out?

Hardly. He sells a relatively small number of shares every year.
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On 8/24/2021, he had 8,319,726 shares.

On 10/3/2023, he had 3,280,053 shares.

During that 2 years and 1.5 month period, he's sold 60.5 percent of his Apple holdings. I wouldn't call selling an average of 30 percent of your holdings each year "a relatively small number." A small number is something like 10 percent or less.
 
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Cranslove said:
Americans often buy things they can’t afford for status. It’s all based on credit and payment plans. If those weren’t there, nobody would buy an Apple device. Apple knows this so that’s why carriers and Apple offer payment plans .
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But they must have some kinda safety net in place, people can't just be throwing caution to the winds.
 
sw1tcher said:
On 8/24/2021, he had 8,319,726 shares.

On 10/3/2023, he had 3,280,053 shares.

During that 2 years and 1.5 month period, he's sold 60.5 percent of his Apple holdings. I wouldn't call selling an average of 30 percent of your holdings each year "a relatively small number." A small number is something like 10 percent or less.
Click to expand...

Quite possibly he forsees the unavoidable decline of iPhone sales (over 50% of their revenue I believe) due to market saturation.
 
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FattiesGoneWild said:
Hardly. It’s the same spiel with record revenue and the 15 series selling the fastest ever. Pro/Max being the best sellers with most profit. Tough times apparently yet, everyone always suddenly has money for these expensive phones every year.
Click to expand...

0% interest financing and network cartel deals are a lot of it. Now that they’re one and the same this year it probably won’t affect the sales much, but personally I think I’ll wait for the 16 series and let the USB-C issues shake themselves out.
 
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