Monthly Archives: February 2023

Apple misses Q1 earnings expectations as iPhone sales fall short

Apple misses Q1 earnings expectations as iPhone sales fall short

Apple (AAPL) reported its Q1 earnings after the closing bell on Feb. 2, missing analysts’ expectations on the top and bottom line as iPhone sales came up short, declining more than 8% year-over-year. Here are the most important numbers from the report compared to what Wall Street was expecting, as compiled by Bloomberg. Revenue: $117.1 billion versus $121.1 billion expected Adj. earnings per share: $1.88 versus $1.94 expected iPhone revenue: $65.7 billion versus $68.3 billion expected Mac… Source link

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Apple, Amazon and Google report earnings

Apple, Amazon and Google report earnings

A view of the new iPhone 14 at an Apple event at their headquarters in Cupertino, California, on September 7, 2022. (Carlos Barria/Reuters) Thursday afternoon will round out what has so far been a sobering earnings season for the Big Tech giants. After several years of raking in profits thanks to strong demand for tech gadgets and services during the pandemic, the industry’s fortunes began to turn last year. Tech giants have been grappling with high inflation and interest rates, as… Source link

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