Discussion

• @neilcybart Neil Cybart on x

  Apple increased its quarterly dividend to $0.25/share (up a penny). We are at the point where Apple's board is increasing the dividend at the slowest rate possible. Yes, an increase is an increase. But Apple remains very stingy with its cash dividends.

• @neilcybart Neil Cybart on x

  Apple's 2Q24 earnings are out. - $90.8 billion revenue (my estimate was $91.9B / consensus was $90.0B) - $1.53 EPS (my estimate was $1.59 / consensus was $1.50)

• @neilcybart Neil Cybart on x

  Apple repurchased $23.5 billion of AAPL shares last quarter in open market purchases. Basically an all-time record pace.

• @munster_gene Gene Munster on x

  $AAPL Big Picture. Things get easier for Apple in the back half of the year.

• @neilcybart Neil Cybart on x

  Luca Maestri: Our 2Q24 wearables revenue was impacted by a tough year-over-year due to various new product launches in 2022. (Fact check: Correct. Expanding the Apple Watch line with Ultra creates a tough year-over-year when compared to the four quarters following the launch.)

• @markgurman Mark Gurman on x

  Apple sales declined less sharply than feared last quarter, helped by stronger-than-expected demand in China, sparking optimism that the company's slowdown may be easing. https://www.bloomberg.com/...

• @neilcybart Neil Cybart on x

  Apple 3Q24 Guidance. - Revenue: June quarter revenue to grow low single digits despite FX headwind. - Margin: 45.5% to 46.5% That's good guidance.

• @lanceulanoff Lance Ulanoff on x

  Apple just said it expects iPad revenue to grow in the double digits next quarter. That must relate to some big expectations for the new products. #AppleEvent #AppleEarnings

• @munster_gene Gene Munster on x

  Cooks “says we see GenAI across all products and they have advantages there” My take: His comment is as expected and I'm looking forward to hearing more in June.

• @neilcybart Neil Cybart on x

  Analyst to Apple: How will you make money from AI? Tim Cook: We see generative AI as a “key opportunity across our products.” We believe we have advantages that set us apart there. We will talk about that in the weeks ahead.

• @htsfhickey Fred Hickey on x

  Apple revenues down 4% Y/Y. International revenues down 6%, iPhone sales -10% Y/Y, Greater China revenues -8.1%, Japan revenues -13%, net income down 2.2% Y/Y. But they slightly “beat” what everyone knew were “low-ball” estimates...And this crap report justifies a $13 (7.5%) jump…

• r/technology r on reddit

  Apple announces largest-ever $110 billion share buyback as iPhone sales drop 10%

• r/wallstreetbets r on reddit

  Apple beats Q2 estimates, as iPhone sales decline 10%

• @carnage4life Dare Obasanjo on threads

  Price is up after hours because of an unprecedented $110 billion stock buy back

• @neil.cybart Neil Cybart on threads

  Apple increased its quarterly dividend to $0.25/share (up a penny).  We are at the point where Apple's board is increasing the dividend at the slowest rate possible.  Yes, an increase is an increase.  But Apple remains very stingy with its cash dividends.

• @chancehmiller Chance Miller on threads

  happy apple earnings day to those who celebrate

• @tomwarren Tom Warren on x

  Apple Q2 2024 earnings are out: 📱 iPhone revenue down 10% 💻 Mac revenue up 3.9% 📑 iPad revenue down 17% ⌚ wearable revenue down 10% ☁️ services revenue up 14% $90.8 billion in revenue overall, down 4% [image]

• @donmiami3 Don Johnson on x

  Tim Cook: I may be turning Apple into the next IBM but I can blow all of our cash to pop the share price to prices seen a month ago

• @jsnell Jason Snell on x

  Just posted: 2024 Q1 Apple Results: $90.8 billion revenue, Services record https://sixcolors.com/...

• @garrytan Garry Tan on x

  Apple has devolved into a late stage holding company That Siri has no LLM while they are doing this scale of buyback is a complete lack of ambition and no understanding of what is about to happen to them

• @munster_gene Gene Munster on x

  One thought on Capex and AI investments going into the call. They increased the buyback by more than I was expecting which is a sign that they feel good about their ability to generate profit over the next year. On a smaller point: They do want to move the net cash balance...

• @metacriticcap @metacriticcap on x

  My man Tim Cook will pass the AI revolution and a shot at AGI because buying a growthless competitive pressured handset maker at 27x P/E is the opportunity of a lifetime. $AAPL [image]

• @scobleizer Robert Scoble on x

  Yup, as I said the other day, Apple just reported awful results, but the stock market likes what it sees, up 4% after hours.

• @mgsiegler M.G. Siegler on x

  Wearables revenue 👀😬

• @jerrycap @jerrycap on x

  Apple buying back stock while Google, Amazon, and Microsoft build the future. #AbsoluteZero

• @donmiami3 Don Johnson on x

  It's amazing that dogshit short term decision making is rewarded over innovation and future revenue expansions. Cook's recent Apple moves highlight that the only thing he knows how to do is perform buybacks well.

• @munster_gene Gene Munster on x

  The $AAPL call just wrapped up.  Shares up about 7%, about the same as when the call stated.

• r/economy r on reddit

  Apple plans record $110 billion share buyback amid challenging earnings report

• r/wallstreetbets r on reddit

  Apple's $110 Billion Stock Buyback Plan is Largest in US History

• r/stocks r on reddit

  Apple announces largest-ever $110 billion share buyback as iPhone sales drop 10%

• r/dividends r on reddit

  Apple Raises Dividend by 4% and Authorizes a $110 Billion Stock Buyback

• r/apple r on reddit

  Apple reports second quarter results (FY24)

• @heaney_555 David Heaney on threads

  This is huge.  Most analysis of Vision Pro so far has focused on consumers, but Apple has silently taken the enterprise AR market by storm.  See the article for example use cases, including footage.

• @realphilgold.bsky.social @realphilgold.bsky.social on bluesky

  we'll never know why apple wasted so much money on the vision pro.  [embedded post]

• @whopio Whop on x

  @TrendSpider Tim Cook making us forget about the Vision Pro [image]

• @fjeronimo Francisco Jeronimo on x

  “We couldn't be more excited about the spatial computing opportunity in enterprise.” An interesting shift in the messaging about the Apple Vision Pro from a consumer product to an enterprise product. Indeed, that's where the opportunity is for the MX device [image]

• @markgurman Mark Gurman on x

  This could mean like 2-3 headsets per company, to be clear.

• @neilcybart Neil Cybart on x

  Tim Cook: I'm hearing so many enterprise use cases for Apple Vision Pro. Similar to how the Mac is used - people are using Vision Pro for everything. Our focus is to get more apps and enterprises engaged. Off to a good start.

• @thetranscript_ @thetranscript_ on x

  $AAPL CEO @tim_cook on the Apple Vision Pro “It's also great to see the enthusiasm from the enterprise market, For example, more than half of the Fortune 100 Companies have already bought Apple Vision Pro units & are exploring innovative ways to use it to do things that weren't..…

• @munster_gene Gene Munster on x

  VisionPro Cooks says he is “thrilled” with enterprise testing of VisionPro". My take: Apple is committed to building VisionPro into a cornerstone product. That said it's going to be a long time before this becomes a consumer product.

• @uploadvr @uploadvr on x

  More than 50% of Fortune 100 companies have bought at least one Apple Vision Pro, Tim Cook just officially announced: https://www.uploadvr.com/...

• @neilcybart Neil Cybart on x

  Tim Cook talking Apple Vision Pro. Mentions consumers reliving memories and receiving a movie theater experience. Then mentioned enterprise, saying half of Fortune 100 companies have purchased Vision Pro units.

• @fjeronimo Francisco Jeronimo on x

  According to @tim_cook, @Apple CEO, enterprises are using the #AppleVisionPro for: 📌field service 📌training 📌healthcare - preparing a doctor for pre-op surgery or advanced imaging 📌command and control centres [image]

• @xpangler Todd Spangler on x

  On the call, Apple CEO Tim Cook didn't speak to how well the $3,500 Vision Pro headset has sold since it began shipping in Feb except to say he was “thrilled” to see enterprises purchasing the device to develop new applications https://variety.com/...

• @supbagholder @supbagholder on x

  Apple seems very enthusiastic about Vision Pro in the enterprise sector... they've hinted at enterprise use cases and interest 3 or 4 times during the call. In contrast, there was barely any mention of excitement from consumers about Vision Pro.

• @t3mporarybl1p @t3mporarybl1p on x

  Transation: This will be spun off into enterprise faster than you can say “consumer flop”.

• @sadlyitsbradley Brad Lynch on x

  Apple has announced that half of the Fortune 100 companies have purchased Vision Pros from them thus far (In their quarterly earnings call)

• @alex4d @alex4d on x

  Odd that Apple's focus wasn't to get more folks interested in #AppleVisionPro Memories and Immersive video - by sharing production methods and post-production workflows in late 2023. Given that 360° video makers knew how to direct people's view in a sphere eight years ago.

• @jimcramer Jim Cramer on x

  Go back to Jensen Huang's keynote where he talked about using the Omniverse with the VisionPro and you will know how big this thing can be for Apple! Enough with the dead ones on Ebay!!

• @paterfamilias @paterfamilias on x

  And the high return and recycle rate was also amazing!

• @heaney555 David Heaney on x

  This is huge. Most analysis of Vision Pro so far has focused on consumers, but Apple has silently taken the enterprise AR market by storm. See the article for example use cases, including footage.

• @asymco@mastodon.social @asymco@mastodon.social on mastodon

  Apple touted the company's growth in emerging markets.  That includes an all-time revenue record in Indonesia, where Cook visited last month during a tour of Southeast Asia.  “These are markets where our market share is low,” Cook said.  “The populations are large and growing.  A…

• @neilcybart Neil Cybart on x

  This exchange was major LOL. Analyst: What are we missing here about Apple in China? We received all these industry data points saying iPhone was weak in China. Those were wrong. I'm lost. Tim Cook (paraphrasing): I don't care about random industry data points. I care about...

• @neilcybart Neil Cybart on x

  Tim Cook: iPhone sales grew in Mainland China last quarter. Major LOL at industry research firms. Counterpoint: iPhone sales were down 19% in China last quarter. IDC: iPhone sales were down 7% in China last quarter. Reminder: These companies are clueless when it comes to...

• @lexnfx Alexei Oreskovic on x

  $AAPL investors sigh of relief on China rev down only 8% (some analysts estimated China iPhone sales down as much 19%) But Apple's longterm China decline is striking: In 2022, Apple had $44 billion in China revenue in 6 months thru end of March That number is now $37 billion

• @fjeronimo Francisco Jeronimo on x

  “The other products [in China] didn't fare as well [as the iPhone], and so we clearly have worked there to do. China is the most competitive market in the world” [image]

• @neilcybart Neil Cybart on x

  Tim Cook: China is the most competitive market in the world. We are accelerating in China due to iPhone. With that said, our overall China performance would suggest weakness with Apple products that aren't iPhone.

• @jimcramer Jim Cramer on x

  It is incredible how wrong these Chinese surveys can be when it comes to Apple. The numbers for the I-Phone improved, they didn't fall. Let's call these charlatans out. This is why i say own Apple don't trade it. They would have you paying up ten tonight!

• r/apple r on reddit

  Apple CEO calls China ‘the most competitive market in the world’ as iPhone sales drop

• r/technology r on reddit

  Apple CEO calls China ‘the most competitive market in the world’ as iPhone sales drop

• @stroughtonsmith … Steve Troughton-Smith on mastodon

  Most of Apple's ‘Services’ revenue is Apple taking credit for 30% of other companies' revenue, right?  —  Just so I'm clear on this one 😅

• @htsfhickey Fred Hickey on x

  @InvestWthIcebox It will become increasingly difficult to keep extracting more & more money from Apple's customer base for “services” if their iPhone unit sales are flat or keep falling- as happened in recent quarters. Just wait till the consumer recession in the U.S. hits.

• @drbarnard David Barnard on x

  This is why Apple is fighting tooth and nail to keep the App Store status quo: “Services revenue $23.87 billion, up 14.2% YOY” With iPhone & iPad sales dropping YOY, I bet we're going to hear a lot on the earnings call about how Apple is growing monetization of the install base.

• @carnage4life Dare Obasanjo on x

  Apple's earnings are out and are poor as expected given the reports of iPhone sales slowdowns. ∙ iPhone revenue -10% ∙ Mac revenue -3.9% ∙ Wearable revenue -10% ∙ Services revenue up +14% ∙ Overall revenue -4% Only growth is taxing apps 30% https://techcrunch.com/...

• @pkafka Peter Kafka on x

  Apple boasts that “services” $ hit an all time-high this q. But that's the same business antitrust regulators in the US and EU are focused on so... [image]

• @mgsiegler M.G. Siegler on x

  Yes, the last trusted growth vector left (for now). From March: https://spyglass.org/...