Apple forecasts Q3 revenue above estimates, with sales expected to rise between 14% and 17%, and says memory expenses will climb “significantly higher” in Q3
Apple Inc. delivered a surprisingly strong revenue forecast for the third quarter, even as it warned that memory-chip costs …
Bloomberg Mark Gurman
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Discussion
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@neilcybart
Neil Cybart
on x
Apple revenue growth by segment: - Americas: +12% - Europe (includes India): +15% - Greater China: +28% - Japan: +15% - Rest of Asia Pacific: +25% Results very clearly show China and emerging markets strength.
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@stocksavvyshay
Shay Boloor
on x
$AAPL Q3 GUIDANCE • Revenue: 16% vs. Est. 9% • Gross Margin: 48% vs. Est. 48% Guidance “comprehends our best view of constrained supply” on iPhone [image]
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@benbajarin
Ben Bajarin
on x
$AAPL this is a clean beat with broad strength. iPhone +22%, Services +16%, China +28%, gross margin 49.3%, and the $100B buyback. If management's call commentary does not walk down June-quarter expectations, this should read bullish.
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@munster_gene
Gene Munster
on x
Did the iPhone miss? Depends on what number you're looking at. They reported $56.99B, up 22% y/y vs 23%. Factset was at $56.66B Whisper was $57.5B My take: They made the iPhone number. $AAPL
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@munster_gene
Gene Munster
on x
Overall the Apple numbers looked great. ➡️The stock is down 0.5% which is noise. ➡️The guide is what counts. I expect revenue guide higher than the 9% that the Street is looking for in June. ➡️Revenue growth was 17%, Street looking for 15%. ➡️Mac and iPad better.