Recapping Apple's 2QFY23 Earnings - MOSK: 05.05.2023
Mac OS Ken
Ken Ray
4.7 • 996 Ratings
🗓️ 5 May 2023
⏱️ 18 minutes
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| 0:00.0 | This is MacOS Ken. |
| 0:07.0 | Could have been better, could have been worse. |
| 0:12.0 | We're looking at Apple's second quarter earnings call this Friday, the 5th of May, |
| 0:16.3 | 2023. I'm Ken Ray and this is news from Maco West Can, brought to you by yours truly and sponsored by better help, online therapy. |
| 0:30.0 | Get 10% off your first month at Better Help.com slash MacoS Ken. |
| 0:39.5 | This show is also supported by people like you patrons through Patreon. |
| 0:46.0 | Find out more and at your support at Patreon.com slash Macoest can. I've been doing this for 17 years and yet I never ever ever |
| 1:00.4 | ever ever know how to start on Apple's quarterly earnings. Do the good news? |
| 1:08.1 | And there was good news. Do the bad news? Yeah, there was that too. |
| 1:14.0 | Focus on the thing on which Apple CEO Tim Cook focused? |
| 1:19.0 | Yeah, let's do the good news. |
| 1:21.0 | And Apple's earnings press released, |
| 1:23.1 | the Cupertino Company reported an all-time record |
| 1:25.7 | and services and a March quarter record for iPhone |
| 1:30.7 | despite the challenging macroeconomic environment. |
| 1:34.0 | Though growth for products outside of iPhone decelerated, they still sold more stuff. |
| 1:40.0 | That means Apple's installed base of active devices, which hit an all-time high in the December quarter, |
| 1:46.4 | hit a new all-time high in the March quarter. |
| 1:50.4 | I snuck in the bad news, the way gross for products outside of iPhone |
| 1:55.8 | decelerated but we'll get to that. Starting with iPhone as Cook and Apple CFO Luca Mastry did, Apple's raprod brought in revenue of 51.3 billion dollars, a rise of 2% versus the same quarter a year earlier, and a record for the March |
| 2:16.6 | quarter, as I mentioned. |
| 2:19.4 | CFO Meestry said that was due to very strong performance in emerging markets from South Asia and |
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