Fri. 05/03 – Apple Earnings Underline Their Predicament
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 3 May 2024
⏱️ 19 minutes
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| 0:00.0 | Welcome to the Tech Meme Right Home for Friday, May 3rd, 2024. I'm Brian McCullough. |
| 0:08.0 | Today Apple earnings are out and revenue was down almost everywhere. Boy, AI can't come fast enough for them. |
| 0:14.4 | Did you know you can send Bluetooth signals |
| 0:16.6 | to satellites in space? |
| 0:18.1 | The full Rabbit R1 reviews turned out exactly how we expected. |
| 0:21.2 | And of course, the weekend long rate suggestions. |
| 0:23.8 | Here's what you miss today in the world of tech. |
| 0:28.8 | So Apple earnings and see if you can detect a pattern here. |
| 0:36.2 | Q2 revenue was down 4% year on year. These are all year over year numbers. |
| 0:41.4 | Net income down 2% iPhone revenue down 10%, |
| 0:45.6 | iPad down 17%. The Wirables Home and Accessories category down 10%. China revenue |
| 0:52.0 | down 8.1%. the loan bright spots MAC revenue was up 4% and |
| 0:56.8 | revenue from services was up 14% to 23.9 billion in all-time record. |
| 1:03.4 | The stock jumped 5% overnight after Apple announced a $110 billion share buyback. |
| 1:10.0 | It's the largest share buyback ever. |
| 1:12.2 | But you get the message here, right? |
| 1:13.2 | This was the quarter that Apple's various revenue lines all hit the ceilings. |
| 1:16.6 | It looked like they were headed for them. |
| 1:18.3 | The numbers were slightly better than analysts expected. |
| 1:21.0 | And Apple is ever so slightly signaling that it thinks this quarter |
| 1:24.4 | could see revenue growth. Still quoting the journal. Apple is struggling on a |
| 1:29.7 | number of fronts. The company's single most important business, the iPhone has faced sluggish growth. |
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