Apple Misses Earnings Expectations, But Sets Revenue Record For Services Business

  • 📰 THR
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Apple Services, which encompasses Apple TV+, Apple Music, Apple Arcade and more, came in at $20.8 billion for the three months ended Dec. 31, up from $19.5 billion a year earlier.

“We set an all-time revenue record of $20.

8 billion in our Services business, and in spite of a difficult macroeconomic environment and significant supply constraints, we grew total company revenue on a constant currency basis,” said Luca Maestri, Apple’s CFO. “We generated $34 billion in operating cash flow and returned over $25 billion to shareholders during the quarter while continuing to invest in our long-term growth plans.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alphabet Misses Q4 Earnings Estimates, YouTube Ad Revenue Drops by Nearly 8%Alphabet, parent company of Google and YouTube, turned in fourth-quarter 2022 earnings that missed analyst estimates, as YouTube’s ad revenue again notched a year-over-year decline. Overall, … I've all but stopped watching YouTube because the amount of advertising has become excessive. Plus most ads are so loud and obnoxious it's no longer enjoyable to watch the videos. I listen to podcasts instead now. I had to use the Adblock so that no ads appear since I don't like the price of YouTube Premium and the ads on YT are unbearable and loud to listen to. It is recommended to use the Adblock.
Source: Variety - 🏆 108. / 63 Read more »

Apple earnings: What to expect from the iPhone makerApple’s iPhone business was hit by COVID-19 curbs in China. The company’s upcoming earnings report will show how deeply the company was impacted and how quickly it’s been able to recover.
Source: MarketWatch - 🏆 3. / 97 Read more »

Ahead of Apple earnings, did wireless companies send a troubling signal?Apple is due to report results after Thursday's closing bell, but a pair of analysts saw something that was "not a good data point" in other... Apple is going up 3-5% at the earnings call.
Source: MarketWatch - 🏆 3. / 97 Read more »

Apple earnings fall short on underwhelming sales of iPhones and MacsApple generated net income of $30 billion, or $1.88 a share, compared with $34.6 billion, or $2.10 a share, a year earlier. Production issues in China seemed to impact $AAPL far more than expected in the holiday quarter: The iPhone 14 didn’t helped. Now Apple has a “reason” to do a layoff
Source: MarketWatch - 🏆 3. / 97 Read more »

Apple, Amazon and Alphabet earnings are coming. Here's what the stock options market is bracing for.The stock options market has priced "straddles" to imply larger-than-usual post-earnings moves for Apple, Alphabet and Amazon earnings.
Source: MarketWatch - 🏆 3. / 97 Read more »