4.8 • 972 Ratings
🗓️ 28 October 2022
⏱️ 19 minutes
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0:00.0 | This is MacO-S-Kinn. |
0:07.0 | An argument-T-T-Eve look at Apple earnings. |
0:12.0 | It is Friday, the 28th of October, 2022. I'm Ken Ray and this is news from |
0:19.7 | Maco West Ken brought to you by yours truly and sponsored by Trade Coffee. |
0:26.0 | Get $30 off your subscription plus free shipping at drink Trade.com |
0:33.0 | Maco-Sken. |
0:36.0 | This show was also supported by people like you, |
0:40.0 | patrons through Patreon. |
0:47.0 | Find out more and add your support at Patreon.com slash Macoesscan. |
0:50.0 | I don't want to argue but I think I'm probably going to. |
0:55.0 | Actually that's not how I should start. |
0:59.0 | I should start by saying, as Apple did in its press release, |
1:02.0 | that the comedy posted a September |
1:04.0 | quarter record revenue of 90.1 billion dollars up 8% year over year, and |
1:10.1 | quarterly earnings per diluted share of a buck 29 up 4% year over year. |
1:17.0 | Annual revenue was $394.3 billion up 8% year over year and annual earnings per diluted share were |
1:24.8 | six dollars and 11 cents up 9% year over year. Now we can go to the part where I don't want to argue but I'm probably going to anyway. |
1:36.0 | My read a gizmoto story after Apple's earnings report Thursday night that came under the headline, |
1:42.0 | Apple's record revenues soured by worse than expected iPhone sales. |
1:47.7 | I didn't hear that on the call, but of course Apple does not say whether what it's reporting beats analyst |
1:54.3 | expectations. Sometimes they don't even say whether they beat their own |
1:58.5 | expectations. The only mention of expectations I remember from the call is when Apple CEO Tim Cook said that customer demand for iPhone last quarter was strong and better than Apple itself anticipated that it would be. |
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