Anticipating Apple 2QFY23 Earnings - MOSK: 05.04.2023
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Ken Ray
4.7 • 996 Ratings
🗓️ 4 May 2023
⏱️ 15 minutes
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| 0:00.0 | This is a March quarter earnings. The writer strike is messing up Apple's promotional plans, and |
| 0:16.0 | more Steve Jobs memorabilia is up for auction. |
| 0:20.0 | It is Thursday the 4th of May, 2023. |
| 0:23.9 | I'm Ken Ray, and this is news from Macau West Ken. |
| 0:29.9 | Brought to you by yours truly and sponsored by Better Help, online therapy. |
| 0:36.0 | Get 10% of your first month at BetterHelp.com slash Maco-S can. |
| 0:44.9 | This show is also supported by people like you, patrons through Patreon. |
| 0:51.8 | Find out more and add your support at Patreon.com slash Maco |
| 0:59.0 | West Cam. So today is the thing. The thing where we find out how Apple's second quarter fiscal year |
| 1:07.3 | 2023 went. Muted might be the best way to describe expectations. |
| 1:14.0 | A piece from cult of max says analysts are looking for Apple to report Q2 revenue of |
| 1:19.6 | 93 billion dollars that would represent a decline of just over 4% from the 97 billion |
| 1:26.7 | reported for the same quarter a year earlier earnings per share are expected to come in at a buck 43 that would mark a 6% drop |
| 1:36.4 | versus Q2 22 earnings per share of a buck 52. Were there no new products. |
| 1:45.0 | heck yeah there were. The cult says the 14 and 16 inch |
| 1:49.3 | Macbook pro and Mac Mini were all refreshed with M2, M2 Pro or M2 Max processors. |
| 1:57.0 | Might have been a surge in sales were the world not fraught with economic uncertainty. |
| 2:04.0 | Apple CEO Tim Cook actually telegraphed the troubling times ahead on Apple's last earnings call, |
| 2:10.4 | pointing to a challenging macroeconomic environment as the world continues to face |
| 2:15.1 | unprecedented circumstances from inflation to war in Eastern Europe to the |
| 2:20.8 | enduring impacts of the pandemic. I will say it seems like there is room |
| 2:26.8 | for pleasant surprises, though nobody is expecting that room to be filled. |
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