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AppleInsider Podcast

Apple's earnings, an AirTag 2, and what's happening with Apple AI

AppleInsider Podcast

AppleInsider

Ipad, Apple Tv, Mac, Imac, Apple Watch, Ios, Macbook, Mac Pro, Iphone, Tech News, Macos, Technology, News, Apple

4.3 β€’ 1.3K Ratings

πŸ—“οΈ 4 August 2023

⏱️ 58 minutes

🧾️ Download transcript

Summary

Apple has beaten expectations with its latest earnings -- although only just -- while looking to the future there are predictions of AirTags 2 and disputes over an AppleGPT app.

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Transcript

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0:00.0

Hello, welcome to the Apple Insider podcast.

0:03.9

This week brought to you by Babel and Fastgoing Trees, more of whom later, and this week

0:09.4

not brought to you by Stephen Robler's.

0:11.7

Your regular host is off having adventures and I'm William Gallagher sitting in for him.

0:16.2

Sitting in for him just as Apple makes its latest big announcements about earning money.

0:22.2

You know how this word, time was, Apple made its cash for the Mac and then to the iPhone

0:26.6

and so on.

0:27.6

As somewhere along the line it introduced small services like iCloud storage and large

0:33.6

ones, much larger ones like Apple Music and Apple TV Plus.

0:37.8

This week Apple has again showed the wisdom of that split between hardware and services

0:42.3

because together they gave Apple a better third financial quarter of 2023 than expected.

0:49.7

Between services and hardware Apple reported a total revenue of $81.8 billion for the

0:55.4

quarter which is down 1% compared to this time last year but it's also fractionally

1:01.3

up on analysts' expectations which had predicted $81.3 billion.

1:07.6

Apple said that services saw an all-time record pulling in $21.21 billion which is some

1:15.6

8% more than a year ago.

1:18.8

At the same time though iPhone sales were down.

1:21.9

They were down 2% year-on-year to $39.67 billion.

1:27.1

The iPad was down further seeing a whole 20% drop to $5.79 billion and the Mac was down

1:34.2

7% to $6.84 billion for the quarter.

1:38.7

Joining me to discuss how Apple makes its money and actually some more interesting things

1:44.0

about products to come, rumours in the air, all sorts of things, is Apple inside us

...

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