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Trouble in China, iPhone slump and other Apple earnings surprises

Apple’s Q2 earnings report for 2017 just barely beat Wall Street’s expectations when the numbers were revealed this afternoon, but there are plenty of reasons to still be optimistic about AAPL. During...

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Apple posts its second-highest Q3 earnings ever

Investors found a lot to be happy about in Apple’s latest earnings report, which was released by the company this afternoon. While Apple didn’t shatter any records, the company beat expectations for...

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Apple reveals its Q3 2017 earnings [Live blog]

Apple CEO Tim Cook and CFO Luca Maestri are set to reveal all the details of Apple’s latest earnings in a call with investors today could have a huge impact on the company’s stock price. The Q3 2017...

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5 key takeaways from Apple’s surprising Q3 earnings call

Apple posted its second-highest Q3 earnings ever today, surprising investors with $45.4 billion in revenue powered by strong iPhone, iPad, Mac and services revenues. CEO Tim Cook sounded pleased during...

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Apple beats expectations in historic Q4 earnings

The last Apple earnings report of 2017 is finally here and the results are even better than Wall Street anticipated. Aided by strong iPhone sales thanks to the launch of the iPhone 8 and iPhone 8 Plus,...

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Today in Apple history: Lousy quarter proves Steve Jobs isn’t invincible

December 6, 2000: Apple’s stock price falls after the company posts its first quarterly loss since Steve Jobs’ return to the company in 1997. Shares tumble $3 to just $14 a share as doom-predicting...

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Apple’s record-breaking Q1 earnings fall short of expectations

iPhone X sales did not come in as strong last holiday season as investors hoped. Apple just posted its Q1 2018 earnings, and iPhone sales declined compared to the same quarter a year ago. Everyone on...

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Is iPhone X really a flop? We’ll know for sure tomorrow

The second Apple earnings report of 2018 is set to come out on May 1 and Wall Street’s top analysts are worried that disappointing news is on the horizon. Rumors have been circulating for months that...

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Apple surprises Wall Street with better-than-expected earnings

There’s a lot of good news in Apple’s second earnings report of 2018 that should keep investors happy going into the next quarter. Revenue during Q2 2018 hit an all-time high for a March quarter at...

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Live blog: Apple reveals if iPhone X really is the flop many predict

Apple is set to reveal its second quarterly earnings report of 2018 this afternoon. If you’ve been listening to the analysts the last few months, you know that iPhone sales might take a dip. Lagging...

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5 big revelations from Apple’s surprising Q2 earnings call

Apple blew analysts’ expectations out of the water this afternoon with its historic Q2 2018 earnings report that saw the company post the most revenue ever in the March quarter. Tim Cook and Apple CFO...

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5 key details to watch for in Apple’s Q3 2018 earnings report

When Apple unveils its latest earnings report Tuesday, some analysts think the numbers may be even better than expected. Q3 is usually Apple’s weakest quarter of the year as the iPhone sales cycle...

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Apple surprises Wall Street with record-breaking Q3 profits

While the rest of the tech industry’s earnings are in a slump, Apple just posted its biggest Q3 earnings report ever. Investors were expecting Apple to post at least $51 bilion in revenue, but the...

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Apple earnings: Can Cupertino’s latest surprise save the Street? [Live blog]

Apple’s weakest earnings report of 2018 is set to be revealed today but it might also contain a few clues about the 2018 iPhone launch this fall. Tim Cook and Apple CFO Luca Maestri will talk to...

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The biggest takeaways from Apple’s dominant Q3 earnings results

Apple beat Wall Street’s expectations today with its Q3 2018 earnings report. Even though iPhone sales were barely up 1% the company still posted better-than-expected revenues as sales of Apple Watch,...

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Apple becomes first $1 trillion U.S. company

The long race to see which U.S. tech giant will become the first company worth $1 trillion is finally over. Apple won. This morning, Apple shares surged past the $207.05, putting the company’s market...

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Cult of Mac Magazine: Apple snatches the $1 trillion crown, and more!

In this week’s Cult of Mac Magazine: It’s official. Apple beats Amazon to the coveted $1 trillion valuation. Tim Cook plays it cool, telling staffers it’s “not the most important measure of our...

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5 things to watch for during Apple’s last earnings report of 2018

Hot on the heels of Tuesday’s big keynote, Apple is set to unleash its final earnings report of 2018 on Thursday, November 1. The report will give investors their first glimpse into how well the iPhone...

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Live blog: Apple gives investors first look at iPhone XS sales

Apple’s last earnings call of 2018 kicks off in an hour, and it’s shaping up to be the company’s biggest Q4 report ever. Shares of Apple stock have been on an upward trend the last few days as...

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Apple’s 2018 hardware blitz! [Cult of Mac Magazine]

This week was one heckuva wild ride for Apple fans. First we got new MacBook Airs, iPad Pros, Mac minis and Apple Pencils. Then Apple threw Wall Street a curveball during yet another surprising (and...

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Today in Apple history: iPod drives profits to new heights

January 12, 2005: Apple reports record earnings for the preceding three months, with holiday sales of the iPod and demand for the latest iBook giving the company a four-fold increase in profits. Apple...

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Why this week’s Apple earnings report is the most important in years

When Apple unveils its earnings report for last year’s crucial holiday quarter, the entire world will be watching for signs of the company’s long-rumored impending doom. Several factors will make...

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Live blog: Witness Apple’s high-stakes earnings call

Investors are eagerly waiting to see all the numbers from Apple’s 2018 holiday quarter during today’s earnings call. Based on early reports, some of the numbers might come in even lower than expected....

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What Apple’s past says about its future [Cult of Mac Magazine No. 282]

After enduring a rough quarter, Apple tells the world what went wrong. But even more interesting is what went right — and what that means for Apple’s future. Get our take on what you really need to...

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Did Apple reverse its revenue slide? We’ll know April 30.

We’ll soon know if Apple made progress drumming up more demand for the latest iPhones in Asia. Weak demand in China caused a surprising year-over-year drop in Apple’s total revenue during the last...

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iPad sales were the hero of Apple’s latest earnings report

Apple surprised Wall Street with a better-than-expected Q2 earnings report this afternoon and one of the biggest factors was the iPad. With revenues topping $58 billion Q2 (down 5% YoY), Apple is...

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5 key things to watch for in Apple’s most boring earnings report of 2019

The most yawn-inducing Apple earnings call of the year is just days away, and Wall Street is eagerly anticipating the results — though maybe for reasons you wouldn’t expect. Apple CEO Tim Cook and CFO...

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Services fuel Apple to historic June quarter

Record-breaking revenue put Apple right in line with Wall Street expectations as the company released its Q3 2019 earnings report today. The iPhone-maker brought in $53.8 billion in revenue, a number...

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Apple’s big earnings surprises [Cult of Mac Magazine No. 308]

Apple’s record-breaking revenues weren’t the biggest surprise in this week’s earnings call. Usually tight-lipped Apple execs Tim Cook and Luca Maestri actually uncorked a few shocking revelations! Read...

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Apple sets new Q4 record with $64 billion in revenue

Apple earnings report for the fourth fiscal quarter of 2019 met the most bullish of Wall Street expectations this afternoon with a Q4 record high of $64 billion in revenue and $3.03 earnings per share....

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5 big questions heading into Apple’s first earnings report of 2020

Apple’s first earnings report of the decade is barely 24 hours away, and Wall Street is praying for another historic quarter. After defying gravity for the last 12 months, Apple’s soaring stock price...

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iPhone 11 propels Apple to another record-breaking quarter

Apple’s first earnings report of 2020 saw the company hit a new all-time record for revenue made in a quarter thanks to stronger than expected iPhone sales. The iPhone-maker brought in $91.8 billion...

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Wall Street analysts go all-out bullish on record Apple earnings

Apple’s first-quarter results have triggered confidence among analysts that the future of the company is stronger than ever on the back of the iPhone. Wall Street analysts began reporting Wednesday...

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Apple’s first earnings report during COVID-19 pandemic set for April 30th

Investors won’t get their first glimpse at just how badly the COVID-19 pandemic hurt Apple’s business until the very end of April. April revealed this afternoon that it will host a conference call with...

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Apple earnings on Thursday: Here’s what to watch for

Apple reports its fiscal second-quarter earnings results Thursday afternoon, and chances are good that Cupertino will be glad to see the first three months of 2020 fade into history. Having said that,...

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Apple second-quarter revenue beats estimates in tough pandemic period

Apple reported $58.3 billion in revenue in its fiscal second-quarter earnings results Thursday, a 1% year-over-year increase, during a quarter in which the COVID-19 pandemic negatively impacted supply...

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What to expect from Apple’s pandemic-afflicted earnings report

When Apple reports its fiscal third-quarter earnings Thursday, the world will learn how the company is doing in the middle of a global pandemic. Analysts predict a drop in revenue. But Apple itself...

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Even COVID-19 can’t slow Apple’s moneymaking machine

Apple took in $59.7 billion in revenue last quarter, an annual increase of 11%. That solidly beats the estimates of analysts, who predicted a drop in revenue as the iPhone-maker, and the rest of the...

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How Apple made money in the middle of a crushing pandemic

People around the world turned to Apple products at the beginning of the COVID-19 crisis. And the result was an 11% increase in Apple revenue during the June quarter. Some products contributed to that...

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Apple earnings: Can iPad and Mac pick up the iPhone slack again?

Weak iPhone sales likely pulled down Apple earnings in its last financial quarter. But the COVID-19 pandemic almost certainly pushed up demand for iPad and Mac. Still, total revenue is expected to be...

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Pandemic spending spree might lift Apple to record $100 billion quarter

Working and schooling from home has led to a rush of computer purchases, to Apple’s benefit. The Mac-maker is set to reveal the results of its most-recent financial quarter on Wednesday, and analysts...

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Strong iPhone 12 sales fuel record $111.4 billion quarter for Apple

As a company, Apple is firing on all cylinders. It pulled in record revenue from iPhone, Wearables and Services during its most-recent financial quarter. And there was healthy growth in Mac and iPad...

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1 billion iPhones and other mind-blowing tidbits from Apple’s blowout...

The results of each Apple financial quarter somehow keep topping the one before. This time, the big news is that revenue blew past $100 billion for the first time, buoyed by record-breaking sales of...

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Apple investors prepare for another boffo quarter

Wall Street thinks Apple recently finished an amazing quarter. If the analysts are right, the company will reveal on Wednesday the results of a January-through-March period with significant revenue...

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Smashed records, short supplies and other takeaways from Apple’s record Q3

Apple just revealed that its made heaps of money last quarter. It broke all kinds of revenue records, and Mac, iPhone and iPad contributed strongly to the total. But there are also some dark clouds in...

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Apple becomes world’s most profitable company

Apple made more money in the last year than any other company in the world, according to the new Fortune 500 rankings. With annual profits of $57.5 billion, no other enterprise came particularly close,...

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What to expect from Apple’s quarterly earnings report

Apple’s next quarterly earnings report and call with analysts take place on Thursday. (It’s Q3 for Apple’s fiscal year despite being Q2 on your calendar.) And the company has already warned it may take...

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Apple earnings beat pessimistic predictions

Apple overcame considerable headwinds to set a new revenue record during its most recent financial quarter, the company said Thursday. Cupertino once again beat analysts’ expectations, despite COVID-19...

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8 tantalizing tidbits from Apple’s otherwise stultifying earnings call

Apple earnings calls with analysts can offer fascinating glimpses behind the scenes at the iPhone-maker. Most of the time, though, they are dull as toast. That’s true even for the June quarter, when...

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Why Apple is (nearly) recession-proof

Although economists can’t agree whether a global recession is on the way, it’s definitely a possibility. But Apple execs don’t seem to have a lot to worry about – market analysts remain generally...

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