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Tag: Q1 Financials

Michael E. Cohen Adam Engst No comments

Apple’s Q1 2024 Returns to Revenue Growth on Strong iPhone and Services Performance

Apple reported an overall 2% increase in revenues thanks to strong iPhone sales and record Services income, but some product categories—iPads and Wearables—and the key Greater China region suffered double-digit revenue declines for the quarter.

Michael E. Cohen Adam Engst 1 comment

Apple Q1 2023 Revenues Slowed by Exchange Rates, COVID, and Inflation

Although Apple’s revenues fell year-over-year for the first time in recent memory, it still managed to accrue $117 billion in revenue while battling supply issues, foreign exchange challenges, and the effects of war and disease around the globe.

Michael E. Cohen Josh Centers 15 comments

Apple Posts Record-Breaking Q1 2022 Despite Supply Constraints

Apple had a typical record-breaking quarter, with especially robust growth for the Mac. But iPad and Japanese sales were notably weak, with no satisfactory answers from Apple.

Michael E. Cohen Josh Centers 19 comments

Apple Weathers the Storm to Shatter Records in Q1 2021

Posting record results for the last quarter, Apple enjoyed double-digit sales growth for all its product categories and tallied increased revenues in every geographic sector.

Michael E. Cohen Josh Centers 10 comments

Apple’s Q1 2019 Results: iPhone Bad, the Rest Good

Yes, iPhone revenues fell off a small cliff this quarter due to slower sales in China, as Apple had warned that they would, but all of the company’s other products and services posted revenue gains over the year-ago quarter.

Michael E. Cohen Josh Centers No comments

Apple Posts Record Profits in Q1 2018, Though Unit Sales Flatten

Apple’s revenues and profits grew at record rates during the first fiscal quarter of 2018, but signs of softer unit sales indicate that more of the company’s money is coming from higher-priced, higher-margin products. The other big winners were the Services and Other Products categories.

Josh Centers Michael E. Cohen 12 comments

Apple Sees Apparent Return to Growth with Q1 2017’s Record Results

Apple’s still not dead, nor even pining for the fjords, as it sees an apparent return to growth thanks to record-setting iPhone, Mac, and Apple Watch sales, as well as an ever-growing Services segment. However, the results weren’t so rosy for the iPad and Apple TV.

Michael E. Cohen Josh Centers 1 comment

Apple’s Q1 2016 Sets Records, but Just Barely

Apple is still making money hand over fist, but sales growth for all three of its major product categories has stalled or is in decline. Michael Cohen and Josh Centers don their analyst hats to try to explain why.

Josh Centers Michael E. Cohen 2 comments

Big iPhones Mean a Big Q1 2015 for Apple; Apple Watch Date Revealed

Apple has posted yet another record-shattering financial quarter, and Tim Cook has finally announced when we will be able to get our hands on the Apple Watch.

Michael E. Cohen Josh Centers 6 comments

Apple’s Record Q1 2014 Sales Disappoint Wall Street Again

For its first fiscal quarter of 2014, Apple has once again reported record sales and revenues, beating expectations but suffering a hit to its stock price, as analysts grumbled that the company has not yet conquered the inner Solar System.

Jeff Carlson Michael E. Cohen 6 comments

Apple’s $13.1 Billion Profit for Q1 2013 Dismays Analysts

Citing constrained iMac availability and a shorter reporting quarter, Apple managed to come within one percent of last year’s profit-per-share mark, as well as bring in record revenues of more than $54 billion. For many analysts, this was not enough.