Apple reports second quarter results • Hacker News Board

Re: Apple reports second quarter results

#31

Post by readitalready » Thu, Apr 30, 2026, 10:10 PM UTC

pwatsonwailes wrote: post #8

Short version: Reported quarterly revenue: ~$111 billion, so a 17% year-over-year increase. Diluted earnings per share: ~$2. 22% increase compared to the same quarter last year. Operating cash flow: surpassed $28 billion. Record for a March quarter. iPhone: Record March-quarter revenue of ~$57 billion, heavily supported by demand for the iPhone 17. Services: Hit an all-time high revenue record of ~$31 billion. Capita…

They really need to build their own fabs at this point. AI is going to kill their ASIC and DRAM supply chain if they don't.

"Real men have fabs." - Jerry Sanders, first CEO of AMD.

Actually, AMD, Nvidia, and Apple need to build their own fabs. Maybe Google, Amazon, and Meta too.

Re: Apple reports second quarter results

#32

Post by fckgw » Thu, Apr 30, 2026, 10:12 PM UTC

antipaul wrote: post #3

maz1b wrote: post #2

It seems to me that Apple is only going to be further increasing the number of price points and "levels" of caliber of devices, from budget/entry level all the way to new heights such as things like iPhone Ultra or Macbook Ultra, because services will be have an even wider net to cast into (If you're buying Ultra devices, you'll probably get AppleCare+, and if you have new apple devices such as the Neo or 17e etc, yo…

Focused on "simplicity", they used to have only a "tableful" of products. With more products, will Apple collapse under the weight of the complexity?

They pretty much still only have a "Good -> Better -> Best" ladder for the majority of their products, with a handful of "niche" offerings sprinkled in. Complexity hasn't increased much from those days, they added one extra column and row

iPhone: iPhone 17e -> iPhone 17 -> iPhone 17 Pro (Niche: iPhone Air)

iPad: iPad -> iPad Air - > iPad Pro (Niche: iPad Mini)

Mac Laptop: Macbook Neo -> Macbook Air -> Macbook Pro

Mac Desktop: Mac Mini -> iMac -> Mac Studio

They have product with different screen sizes, but those are really just configuration options on the base product in that tier, now. Compare that to offerings from Samsung or Dell and you can see it could be much, much more complicated.

Re: Apple reports second quarter results

#33

Post by zitterbewegung » Thu, Apr 30, 2026, 10:13 PM UTC

dmboyd wrote: post #11

pwatsonwailes wrote: post #8

Short version: Reported quarterly revenue: ~$111 billion, so a 17% year-over-year increase. Diluted earnings per share: ~$2. 22% increase compared to the same quarter last year. Operating cash flow: surpassed $28 billion. Record for a March quarter. iPhone: Record March-quarter revenue of ~$57 billion, heavily supported by demand for the iPhone 17. Services: Hit an all-time high revenue record of ~$31 billion. Capita…

So hardware independent, they don’t even have any Mac minis, Mac pros or Mac studios in stock anymore

Doesn't this prove that they are hardware independent? Even having products not in stock was a Steve Jobs thing and this is possibly a temporary effect of supply chains changing.

Re: Apple reports second quarter results

#34

Post by brcmthrowaway » Thu, Apr 30, 2026, 10:14 PM UTC

Decent even though Google, OpenAI, Anthropic eating their lunch on AI.

Re: Apple reports second quarter results

#35

Post by echelon » Thu, Apr 30, 2026, 10:15 PM UTC

gigatexal wrote: post #27

pwatsonwailes wrote: post #8

Short version: Reported quarterly revenue: ~$111 billion, so a 17% year-over-year increase. Diluted earnings per share: ~$2. 22% increase compared to the same quarter last year. Operating cash flow: surpassed $28 billion. Record for a March quarter. iPhone: Record March-quarter revenue of ~$57 billion, heavily supported by demand for the iPhone 17. Services: Hit an all-time high revenue record of ~$31 billion. Capita…

I wish they’d stop doing buy backs and invest 100B in R&D … imagine what they could do in battery tech or otherwise.

They really should have built a car.

It'd make them leaders in batteries.

It'd keep America at the forefront of EVs.

Huge disappointment.

Re: Apple reports second quarter results

#36

Post by xp84 » Thu, Apr 30, 2026, 10:16 PM UTC

krm01 wrote: post #23

pwatsonwailes wrote: post #8

Short version: Reported quarterly revenue: ~$111 billion, so a 17% year-over-year increase. Diluted earnings per share: ~$2. 22% increase compared to the same quarter last year. Operating cash flow: surpassed $28 billion. Record for a March quarter. iPhone: Record March-quarter revenue of ~$57 billion, heavily supported by demand for the iPhone 17. Services: Hit an all-time high revenue record of ~$31 billion. Capita…

I wonder if there’s a breakdown of their top performing or fastest growing services. It’s interesting how they dont seem to promote the services that much yet are seeing tremendous growth.

Always remember that most of their “services” revenue is the App Store 30% tax on casino games for children, and the commissions for Safari default search engine coming from Google. These two are Apple’s twin licenses to print money, and both of them grow without Apple needing to innovate or really do anything.

App Store grows as the addictive game publishers improve their manipulation skills, and Google’s check grows as browser usage increases. Every time someone types, say, “Citibank” into the search box and doesn’t add .com, Apple earns a tiny payment from Google.

I’m sure they als make a decent chunk of money from iCloud as users who buy base models are almost certainly forced to make use of iCloud Photo Library to free up enough space on the device to even function; but I suspect it’s orders of magnitude less than that.

Re: Apple reports second quarter results

#37

Post by fartfeatures » Thu, Apr 30, 2026, 10:18 PM UTC

pwatsonwailes wrote: post #8

Short version: Reported quarterly revenue: ~$111 billion, so a 17% year-over-year increase. Diluted earnings per share: ~$2. 22% increase compared to the same quarter last year. Operating cash flow: surpassed $28 billion. Record for a March quarter. iPhone: Record March-quarter revenue of ~$57 billion, heavily supported by demand for the iPhone 17. Services: Hit an all-time high revenue record of ~$31 billion. Capita…

The capital return program was a massive own goal in my humble opinion. It will work for now but soon Apple will go through their Intel years because they spent too long sweating their (admittedly incredible) assets. Something like Harmony OS is going to eat their lunch and they will only have themselves to blame.

Re: Apple reports second quarter results

#38

Post by benoau » Thu, Apr 30, 2026, 10:19 PM UTC

There's only a handful of sources for the services revenue which is growing like crazy, I wonder if they've been able to negotiate a higher ad revenue cut with Google which was revealed to be 36% in Google's antitrust trial, leaving a lot of money on the table.

It definitely looks like they've been able to stall the effect of rulings allowing apps to use third party payments. But earlier this week the courts reversed a stay of December's injunction that limits Apple to a very small fee, in their arguments against the stay Epic claimed developers were hesitant to use 3rd party payments until they knew what the final cost would be and that reversing the stay would mitigate their fears so it will be interesting to see what happens next quarter.

Re: Apple reports second quarter results

#39

Post by aetherspawn » Thu, Apr 30, 2026, 10:20 PM UTC

If they’re going hard in on services maybe they’ll finally go up against Microsoft 365 and Google Workspace, proper.

Between the two someone needs to disrupt it with a cheaper stripped down alternative (from a big player) because the prices are going through the roof.

Re: Apple reports second quarter results

#40

Post by trueno » Thu, Apr 30, 2026, 10:22 PM UTC

readitalready wrote: post #31

pwatsonwailes wrote: post #8

Short version: Reported quarterly revenue: ~$111 billion, so a 17% year-over-year increase. Diluted earnings per share: ~$2. 22% increase compared to the same quarter last year. Operating cash flow: surpassed $28 billion. Record for a March quarter. iPhone: Record March-quarter revenue of ~$57 billion, heavily supported by demand for the iPhone 17. Services: Hit an all-time high revenue record of ~$31 billion. Capita…

They really need to build their own fabs at this point. AI is going to kill their ASIC and DRAM supply chain if they don't. "Real men have fabs." - Jerry Sanders, first CEO of AMD. Actually, AMD, Nvidia, and Apple need to build their own fabs. Maybe Google, Amazon, and Meta too.

I always wonder if this is a possibility. They've worked so closely with TSMC that they've many times over the decade bankrolled R&D and equipment that TSMC uses. I would be super interested to know if that relationship has left them enough know-how of the fab process to someday control their destiny there, that would actually be pretty insane.