Another Record Quarter for Apple - MOSK: 11.01.2024
17:47 Share

This is macos. Can, another record quarter for apple? That is friday, the first of november twenty twenty four. I can, ray, and this is news from macos can brought to you by yours truly and sponsored by incog.

My helping you take back to your personal data get sixty percent of an annual plan with code macos can at in cognette com slash macos can. This show was also supported by people like you, patrons through patron on find out. More than that, your support at patron dot coms lash macos can.

Remember that stuff we ended with the yesterday no, not about the mark wolberg movie. I mean, the expectation from that had apple reporting fourth quarter revenue about ninety four point four billion dollars on earnings per share of about about fifty seven apple beat boats kind of in its customer names press release. The company said that post accordingly revenue of ninety four point nine billion that was up six percent year over year, beat expectation by roughly half a billion dollars and set a new september quarter revenue record earnings per share and those need an asterisk.

K while the street was looking for earnings per share of a about a bunk fifty seven, apple reported earnings per share of ninety seven cents. He didn't I say apple beat on both revenue expectations and earnings per share noise. A kind of under the star shape astride k is this from apple.

Diluted earnings per share, there was a buck sixty four, up twelve percent year over year when excluding the one time charge recognized during the fourth quarter of twenty twenty four related to the impact of the reversal of the european general courts state aid decision. IT is those billions in euros upper, eventually had to pay the ireland. Without that, the government would have to be an earnings per share expectations.

Handley diving in september quarter segments apple CEO tim cooks said iphone grew in every geographic segment, setting a september quarter revenue record to forty six point two billion dollars, up six percent in the same quarter a year ago. Apple short timer CFO luke asti had the device setting revenue records in several markets, including the middle east, south asia, south korea and the U. S.

Iphone active installed base hit all time highs both for the planet and in every segment. Apple tracks indications from cantar list iphone as the september quarter top selling phone in australia, urban china, japan, the U. K.

And here in the states. And iphone people are happy people for five one. Research shows satisfaction with the device at ninety eight percent here in the U.

S. Moving to the mac. Revenue for the september quarter hit seven point seven billion dollars, up two percent in the same quarter in twenty twenty three.

C F, O, M story says that growth was driven by strength in the macbook airline. The installed base for apple's computer reached in all time high. Roughly half people who bought mac last quarter were new to the mac, and they too will be happy. Customer satisfaction in the state stands at ninety five percent, according to four five one research over to ipad, where CEO cooks as revenue for the founder slab came in at seven billion dollars, up eight percent verse the same quarter last year while ownership grew in developed markets. C F O mysteries as I pad sauce, strong performance in many emerging markets with double digit growth in brazil, india, mexico, the middle east and southeast asia.

Sounding totes similar to the mac, apple tablet reached an all time high in terms of installed base, with over half of the people buying one, buying one for the first time, then folks in the states like them more than max, but tiny bit less than iphone. Customer satisfaction with the ipad in the U. S.

Stands at ninety seven percent according to four, five, one. Whether at home or on the go, there's tech for the masses. In the wearable ables home and accessory category, IT was also a little less revenue that came in at nine billion dollars, down three percent version the same quarter a year earlier.

While CEO cook wax rap saic about the neat new apple watch series ten watch s eleven, airports four and the new hearing health features and airports, road to me yesterday had less to say, staying focused on apple watch. The C F O S said the installed base for the pronominal had a new all time high, with more than half of buyers last quarter buying their first one. And people do dig for five one research puts customer santis faction in the ninety six percent for apple watch here in the states.

While I left out mention of apple vision pro, mister cook did not pointing out the one point five million compatible apps provision O S. Two, the twenty five hundred plus native apps built for the device and the script, in short, submerged, made for vision pro. The city also tees where it's going next, like physically on the call.

Cook mentioned something I didn't have time to get to. Yesterday, a number of site, including mac rumors, had apple saying wednesday that the special spac computer, well, IT south korea and the U. A, E.

Two weeks from today, friday, the fifteen of november we go. Now, the wall streets, darling, in the bain of many in apple fans existence, I refer to services. They had an all time revenue record of twenty five billion dollars, according to CEO cook, up twelve percent from the september quarter of twenty twenty three.

In his opening reMarks, CFO mystery and the apples installed base of active devices reached in all time higher across all products and geography segments. That growth sets a solid foundation for the future expansion of apple's ecosystem, with apple seeing increased customer engagement with that services offerings. According to me yesterday, paid accounts grew double digits, hitting an all time high.

Paid subscriptions also grew double digits, hitting over one billion, more than double the number apple had four years ago. As had been expected, yesterday's call was confirmed as the last one for its current CFO. Maestri is stepping back from that job with Kevin parag taking the title, handing after maestri CEO cook said he wanted to take a moment to recognize maestre y's extraordinary service as apple CFO and the thanking for his partnership.

And as ten years in the role, said cook, luca has done truly exceptional work in shaping apple as we know IT today. He has helped manage apple for the long term thoughtfully and deliberately. He has helped to enrich the lives of so many around the world, and he has been a leader that people look up to, end of, learn so much from.

I have incredible confidence in our incoming CFO, Kevin iraq, and we look forward to more of you meeting and working with him going forward. Speaking of going forward, mystery finished his prepared reMarks with thoughts on the december quarter. The firms still coLoring not offering guidance.

Mister mystery says apple expecting december quarter revenue to grow low amid single digitally over year services revenue should grow double digits similar to fiscal year twenty twenty four performance, and gross margins shouldn't come in and a crazy forty six to forty seven percent. Also, here's a quarter, apple's board of directors as etic cashed in the end of twenty five thousand per payable on the fourteenth of november to shareholders of record on the element of november. And with that, the call was open.

The questions we'll get to those in the moment. But first, I were in today's sponsor in cognate, helping you take back your personal data, take IT back from whom? From data brokers, companies who compiled and fall about all of us, then sell IT.

They can be used to target us with that to decide some insurance rates, sometimes even to steal our identities. Work to stop IT with in cognate, make an account, give them permission to work on your behalf and incognito goes to work. Might feel we're giving them your info, but you're in those order out there in cognize helping you take IT back.

They deal with the data brokers asking for your info to be pulled and addressing in the objections and they keep doing IT since a lot of data brokers might did your info only to start building a file on you again, checking my personal and coffee dashboard. They have sent over one hundred and eighty removal request on my behalf, saving me close to eighty five hours of work that I wouldn't even know how to start. Let them do the same for you.

Take your personal data back within cognate, get up to sixty percent of an annual plan with code macos can and in cognitive t com, slash macos can. They got plans for individuals as well as plans to cover friends and family. And they come with a thirty day money back guarantee I N C O G N.

I get sixty percent of an annual plan with code macos can at incognito t com. Flash macos can. When last we left the call, apple executive indicated that they were going to answer questions from analysts.

He wouldn't know that from the first exchange in hand, godman sx analyst Michael anne, asking for feedback on apple le intelligence, both from users and developers apple CEO tim could have had know if he didn't want to answer the question. Instead, he talked about what came out earlier this week in I O S eighteen dot one, what's coming out in I O S eighteen, the two, and plans for expanding beyond the U. S.

English and believe IT are not. Mister yang said, thank you very much. Okay, there was one bit of news and cooks answer that might be constructed as an actual answer.

According to the C E O I O S, eighteen dot one adoption is twice as fast as the seventeen one adoption was in the year ago quarter. That indicates the cook that there is definitely interest out there for apple and intelligence, which it's sort of feedback, I guess. Morgan stanly analyst ic would bring asked a really interesting question about weight times for iphone sixteen, their shorter this year than the last four years.

He wondered whether that was tied to, you know, world events over the last four years. Code, supply change disruptions. Supply change disruptions caused by cobi C, E, O, cooks and apple tries to get iphone supply and demand in baLance as soon as they can.

When you don't have things like supply chain disruptions caused by cubed, that's easier to do. We've been constrained in october at the C. E, O, but we believe that soon will be out of constraint.

And so that's a good sign from our point of view. Mali has analyst ben rites. Us wanted to know what tim cooks excited about that investors and nanny's might be missing, the CEO said.

He has super stoked over apple intelligence though. You know, he's working on future releases that those he says are changing his daily life, but he's getting emails about the hearing aid functionality and airports pro to. He's excited about the sleep at the notifications it'll start rolling in.

He's excited about the new max coming out next week. Basically, he is too excited to worry about what has no sales. Worried be A A analyst, WC mohan, wondered how apple might be preparing for any tips that might come with a new presidential administration, you know, said C.

E. O. cook. I wouldn't want to speculate about those sorts of things. So i'm gonna. I'm going to punt on that one.

One of the things that analysts have been most excited about when IT comes to apple intelligence or ways that IT might be monotoned trying to get at how that might go, was T. D. Cowen analyst crist sankar.

Specifically, can apple intelligence burn the growth rate for services? CEO cook pointed out that apps are out for developers and that more are on the way. And so he said, I definitely believe that the london developers will be taking advantage of apple intelligence in a big way.

And what that does the services are not forecast, but I would say that from an ecosystem point of view, I think that will be great for the user and the user experience plenty more where that came from. Of course, if you want to read the words once spoken, six colors this might go to for transcriptions on the calls these days if you'd rather hear IT. The call is up on apple's investor site and will be for the next couple of weeks.

Also available the podcast, and it's even available to listen to on the phone, which is amazingly anactoria tic. Early reactions from analysts are similar to last minute expectations. They are pleased the Better than expected september results and concerned about lackluster guidance for december will go deeper on analyst reaction next week.

This week on the track list brought to you by secure mac. You know, before this spring, I had never heard of changed health care. I've also never been a client of united health.

And yet I have been caught in their gargantuan data breach gotto. Learn all about credit freezes this week. Learning, I will share with you. Look for checkless number three, ninety eight. The more things change available today at secure mac dot com slash checklist or wherever you get podcasts.

Michael s can, brought to you by me and sponsored by incognito, get sixty percent of an annual plan with code micro s can at in colney dot com flash macs can. This show was also supported by people like you, patrons through patron on find out more in that your support at patron dot com lash macos can advertising handle by backbeat media online at back beat media dot come, you can reach me a couple of ways. Info at mcs cannot come or call seven one six seven eight zero, four zero, eight zero. Until next time that is news from macos can. I can, ray.

Once again, this does conclude today's conference. We do appreciate your participation.