Tim Cook, holding up an iPhone 14 Pro at the product's launch. Photo: Justin Sullivan/Getty Images
Apple on Thursday reported quarterly sales and profit that narrowly exceeded estimates as the company managed to weather a variety of economic headwinds.: The report comes as a number of large tech companies have issued dour outlooks amid signs of a significant slowdown.per-share earnings of $1.29, up 4% and 2 cents better than some analysts had expected.Yes, but:
iPad sales dropped significantly from a year ago and the iPhone and services revenue numbers were less than some had hoped,“We are still living through unprecedented times,” CEO Tim Cook said on a conference call with analysts, pointing to economic challenges, war in Ukraine, COVID-19 and climate-related crises. "The world continues to be unpredictable."
The company did not give specific financial guidance for the current quarter but said it does expect slower year-over-year growth than it saw in the just-reported quarter. CFO Luca Maestri also forecast that Mac revenue will "decline substantially year over year" amid a strong dollar and a tough comparison versus last year, when the company introduced new MacBook Pros.
Come out with a TV that comes with changeable 3D and 2D. Nice. I need one!
Love my stock 👍
Gee....that's nice said no one not holding stock.