Apple Reports Fourth Quarter Results • Hacker News Board

Re: Apple Reports Fourth Quarter Results

#11

Post by RC_ITR » Thu, Oct 27, 2022, 8:51 PM UTC

est31 wrote: post #5

ckastner wrote: post #3

Annual revenue of $394 billion, more than a billion a day. Not the first company to do it, though. Exxon did it in the 2000s when oil was up to $140, and I think Walmart did it, too.

2% of (nominal) US GDP! If Apple were a country, it would rank in the top 30.

Sure, but Apple books revenue gross and a lot of it is from components they buy from other people in other countries, which would be excluded from a GDP calculation.

An extreme similar example of this is Mckesson [0], which does $260bn of revenue a year (mostly buying pills from pharma companies and re-selling them to pharmacies) but only $11bn of gross profit, since they spend $250bn/year just buying those pills.

[0]https://www.mckesson.com/About-McKesson/Newsroom/Press-Relea...

Re: Apple Reports Fourth Quarter Results

#12

Post by such12 » Thu, Oct 27, 2022, 8:51 PM UTC

chollida1 wrote: post #4

Numbers: - Q4 wearables of $9.6B, beats est byu close to $1B - Q4 Services Rev fo $19.2B short of Est by $800M - Q4 iphone Rev of $42.6B meets Est - Q4 ipad Rev of $7.2B, short of Est by $600M - Q4 Rev of $90.2B beats Est by $2B, that also means its up 8ish% YoY - Q4 Mac Revenue of $11.5B, beats by $2B, nice, forgot they make computers;) - China Rev of $15.5B, this is interesting, AAPL clearly has alot of China expos…

By “est”, you mean estimates made by people who have nothing to do with the company, not by Apple themselves.

Re: Apple Reports Fourth Quarter Results

#13

Post by leokennis » Thu, Oct 27, 2022, 8:53 PM UTC

pavlov wrote: post #7

chollida1 wrote: post #4

Numbers: - Q4 wearables of $9.6B, beats est byu close to $1B - Q4 Services Rev fo $19.2B short of Est by $800M - Q4 iphone Rev of $42.6B meets Est - Q4 ipad Rev of $7.2B, short of Est by $600M - Q4 Rev of $90.2B beats Est by $2B, that also means its up 8ish% YoY - Q4 Mac Revenue of $11.5B, beats by $2B, nice, forgot they make computers;) - China Rev of $15.5B, this is interesting, AAPL clearly has alot of China expos…

So Apple Watch and AirPods is almost as big a business as the Mac. Wow, I didn’t realize that. Quite a vindication of Tim Cook’s decade at the helm.

Don’t forget Tim Cook also brought you crummy gambling ads next to gambling addiction recovery apps on your $1500 phone.

Re: Apple Reports Fourth Quarter Results

#14

Post by endisneigh » Thu, Oct 27, 2022, 8:53 PM UTC

Apple is unbeatable, what numbers jeez. And to think, Apple’s main competitor being practically forced into giving them money is what saved them.

The government should take something from this and not allow for too much consolidation. I’m sure apple giving a few billion to a few hundred small companies could yield some results.

I’m very curious what would happen to Google and Meta if Apple announced they’re going to seriously pivot into ads with a revenue target of 100B per quarter.

Re: Apple Reports Fourth Quarter Results

#15

Post by retskrad » Thu, Oct 27, 2022, 8:53 PM UTC

Holy moly, the Mac keeps growing like crazy. It’s amusing how Apple wanted the iPad to disrupt the Mac but the advent of M-Series chips on the Mac has really nipped that ambition in the bud.

Re: Apple Reports Fourth Quarter Results

#16

Post by FullyFunctional » Thu, Oct 27, 2022, 8:56 PM UTC

TMWNN wrote: post #8

est31 wrote: post #5

Earlier quoted context omitted.

2% of (nominal) US GDP! If Apple were a country, it would rank in the top 30.

Harry Truman said in 1945 about the atomic bomb, "We thank God that it has come to us, instead of to our enemies". I feel the same way about Apple and FAANG and Silicon Valley as a whole (and Wall Street, and Hollywood, and SpaceX/Tesla, and the Ivy League), that they are in the United States. That doesn't mean I approve of everything they do. That doesn't mean I can't or won't decry their putting thumbs on scales to…

You mean AAG? :) both Facebook and Netflix have slid dramatically from their prior glory.

Re: Apple Reports Fourth Quarter Results

#17

Post by chollida1 » Thu, Oct 27, 2022, 8:56 PM UTC

such12 wrote: post #12

chollida1 wrote: post #4

Numbers: - Q4 wearables of $9.6B, beats est byu close to $1B - Q4 Services Rev fo $19.2B short of Est by $800M - Q4 iphone Rev of $42.6B meets Est - Q4 ipad Rev of $7.2B, short of Est by $600M - Q4 Rev of $90.2B beats Est by $2B, that also means its up 8ish% YoY - Q4 Mac Revenue of $11.5B, beats by $2B, nice, forgot they make computers;) - China Rev of $15.5B, this is interesting, AAPL clearly has alot of China expos…

By “est”, you mean estimates made by people who have nothing to do with the company, not by Apple themselves.

Somewhat, they are typically generated by the analysts whose job it is to follow the company.

However, Those analysts typically get their numbers in large part by talking to the investor relations/CFO of these companies so the estimates are usually pretty good.

Re: Apple Reports Fourth Quarter Results

#18

Post by guiambros » Thu, Oct 27, 2022, 8:57 PM UTC

such12 wrote: post #12

chollida1 wrote: post #4

Numbers: - Q4 wearables of $9.6B, beats est byu close to $1B - Q4 Services Rev fo $19.2B short of Est by $800M - Q4 iphone Rev of $42.6B meets Est - Q4 ipad Rev of $7.2B, short of Est by $600M - Q4 Rev of $90.2B beats Est by $2B, that also means its up 8ish% YoY - Q4 Mac Revenue of $11.5B, beats by $2B, nice, forgot they make computers;) - China Rev of $15.5B, this is interesting, AAPL clearly has alot of China expos…

By “est”, you mean estimates made by people who have nothing to do with the company, not by Apple themselves.

The people "who have nothing to do with the company" are the ones who buy or sell the stock, and end up dictating what the price action would be post earnings call.

So you're technically correct, but it doesn't change the fact that the estimates done by analysts materially influence stock performance.

Re: Apple Reports Fourth Quarter Results

#19

Post by pavlov » Thu, Oct 27, 2022, 8:58 PM UTC

leokennis wrote: post #13

pavlov wrote: post #7

Earlier quoted context omitted.

So Apple Watch and AirPods is almost as big a business as the Mac. Wow, I didn’t realize that. Quite a vindication of Tim Cook’s decade at the helm.

Don’t forget Tim Cook also brought you crummy gambling ads next to gambling addiction recovery apps on your $1500 phone.

Only if you open the App Store… Which I practically never do. The apps on my phone have been essentially the same for years. If I ever install something, it’s probably through a web link or QR code that goes straight to the right app.

The App Store is clearly a big wasted opportunity. 12 years ago I was actually eager to find new apps there. Why did Apple let it become a slum?

Re: Apple Reports Fourth Quarter Results

#20

Post by marcus0x62 » Thu, Oct 27, 2022, 8:58 PM UTC

such12 wrote: post #12

chollida1 wrote: post #4

Numbers: - Q4 wearables of $9.6B, beats est byu close to $1B - Q4 Services Rev fo $19.2B short of Est by $800M - Q4 iphone Rev of $42.6B meets Est - Q4 ipad Rev of $7.2B, short of Est by $600M - Q4 Rev of $90.2B beats Est by $2B, that also means its up 8ish% YoY - Q4 Mac Revenue of $11.5B, beats by $2B, nice, forgot they make computers;) - China Rev of $15.5B, this is interesting, AAPL clearly has alot of China expos…

By “est”, you mean estimates made by people who have nothing to do with the company, not by Apple themselves.

Sure, but like it or not, performance against those third-party estimates has a big impact on stock performance.