Tim Cook estimates iPhone revenue would have grown “absent the supply constraints”, currency fluctuations were a challenge, and that layoffs are a “last resort”
Wall Street Journal Aaron Tilley
Related Coverage
- Apple's Results Foretell Sunnier Environment Will Return Deepwater Asset Management
- Apple stock in focus as CEO Tim Cook spooks with one phrase Yahoo Finance
- Apple posted its first sales drop since 2019, but analysts say the tech titan's stock is still set to climb nearly 30% over the next year Insider
- Apple on a new high in India Financialexpress
- Apple CEO Tim Cook Says ‘the Problem Is Behind Us’ After Posting Rare Earnings Miss Observer
- Apple now has 2 billion active devices worldwide MobileSyrup
- Apple Q1 earnings miss the mark almost across the board Ars Technica
- After reporting its first quarterly revenue drop in years, Apple ends Friday with the stock price up 2.44% and up 23.5% YTD AppleInsider
- This is Tim: Apple Q1 2023 analyst call transcript Six Colors
- As Apple sales slide, Tim Cook says fanbois will tolerate higher iPhone prices The Register
- Apple Q1 2023 Revenues Slowed by Exchange Rates, COVID, and Inflation TidBITS
- Apple's guidance for the March quarter (transcript) Philip Elmer‑DeWitt
- Apple (AAPL) Q1 2023 Earnings Call Transcript The Motley Fool
- Apple Q1 FT 2023 financial call transcript Apple Must
- Apple's $117.2 billion Q1 misses earnings expectations Computerworld
- Apple management hints that things are getting better after a tough quarter MacDailyNews
- Apple telegraphed that things are getting better after a tough quarter — here's how to interpret its remarks CNBC
- Apple sets all-time sales record in India, retail store soon: Tim Cook International Business Times
- Apple's first reported revenue drop in four years adds to tech woes with Google also reporting a decline in sales City A.M.
- Apple forecasts another drop in revenue, says iPhone production problems over RTÉ
- Apple posts double-digit growth in India, to open retail stores soon TechCircle
- Apple Says All iPhone Production Problems Are Over Softpedia News
- Apple has more than 2 billion active devices worldwide Techlusive
- Apple CEO Cook says company grew “very strong double digits” in India The Economic Times
- Due to a rare Q4 earnings miss, Apple shares fall. Muaz's Substack
- Apple Sees Layoffs “As a Last Resort” According to CEO Tim Cook Appuals.com
- Tim Cook on the possibility of Apple layoffs: ‘A last resort kind of thing’ 9to5Mac
- Apple reports Q1 revenue down 5% YoY to $117.2B, marking its largest annual quarterly revenue decline since 2016, and net income down 13% YoY to $30B Apple
- Apple posts first revenue fall in three and a half years Financial Times
- Tim Cook confirms Q1 iPhone revenue would have grown if not for supply issues 9to5Mac
- Apple CEO Tim Cook Does Not Rule Out The Possibility Of Laying Off Employees, But Says It Will Be The Company's Last Resort Wccftech
- Apple CEO Tim Cook says AI will eventually ‘affect every product and service we have’ Insider
- Apple Revenue Declines as iPhone Sales Slide The Information
- 5 upbeat takeaways from Apple's optimistic earnings call Cult of Mac
- Apple stock on wild ride after earnings AppleInsider
- What We Learned About Apple During Today's First Quarter Earnings Call MacRumors
Discussion
-
@oablanchard
Olivier Blanchard
on x
Big *mobile sales* declines across the board. @apple is weathering this year's tech slump better than most, imo. There are things I wish Apple would generally do better or differently, but the problem in this instance isn't Apple. Those Wall Street estimates were wrong. https://t…
-
@munster_gene
Gene Munster
on x
$AAPL has only missed 3 out of the almost 60 quarters I've followed the company. I'm happy to report, despite the shortfall, the core business is intact. The reason; Apple's customer base remains in love with and loyal to their products.
-
@carnage4life
Dare Obasanjo
on x
Apple had the roughest time of the big techs with revenue down -5%. iPhone revenue was -8% while Mac was -30% mirroring steep decline in PC market seen in Microsoft & Intel earnings. Despite all the red, Tim Cook implied layoffs are a last resort. https://arstechnica.com/...
-
@htsfhickey
Fred Hickey
on x
AMZN, GOOGL, AAPL all out with crappy reports, but AAPL likely most important. “The quarter was a stunning miss by Apple, and its first earnings miss versus consensus expectations in almost seven years.” CC will be key with supply shortage excuse no longer https://www.cnbc.com/..…
-
@carnage4life
Dare Obasanjo
on x
Apple revenue down -5% year over year (iPhone -8%), Microsoft up only +2% (Windows & Devices -39%) and Google ads revenue down -4% (overall revenue +1%) shows that while big tech did have a hard year in 2022 there was little correlation between revenue woes and layoffs.
-
@aatilley
Aaron Tilley
on x
Tim Cook on whether layoffs will happen at Apple: “I view layoffs as a last resort kind of thing,” Mr. Cook said. “You can never say never. We want to manage costs in other ways to the degree that we can.” https://www.wsj.com/...
-
@divestech
Dan Ives
on x
This is a confident Cook on the conf call. Macro remains uncertain but December was a supply chain China situation as we discussed. March iPhone commentary positive and will be a focus of the Street. Teflon like is Cupertino despite macro storm clouds.
-
@divestech
Dan Ives
on x
With the China supply chain lockdown a disaster for Apple in the holiday quarter we view these overall Dec numbers as much better than worst case Street whisper numbers. It's all about March guide for Cupertino as Services beat and golden installed base the key in this macro..
-
@copernicus2013
Igor Schatz
on x
Apple is expected to say its sales fell 2% in the December quarter, as the iPhone maker contended with manufacturing disruptions in China https://www.wsj.com/...