This deal values ironSource, which has an infamous reputation for software with a history of being flagged as malware, at $4.4 billion. Then its biggest deal is a controversial one in that it’s merging with digital app monetization company ironSource as announced two weeks back. Last year alone, it purchased Parsec and Weta Digital. It’s been very active in the merger and acquisition department for a while now. Gaming engine maker Unity reports fiscal 2022 second quarter results in early August, and has been in the news a lot lately. Unity Software Inc (U): Tuesday, August 9th Which would signal some resilience in consumer buying in what might already be a recession for certain economics, including the United States. I’m usually upbeat that Apple will report better-than-expected profitability, and that’s no different this time around. It still sounds like demand for its main products are keeping up, plus other areas like services will boost contributions. Executives told the market last quarter to expect anywhere between a $4 billion to $8 billion hit on revenue due to supply challenges and China lock-downs. Analysts expect upwards of $82 billion in quarterly revenue, an increase from $81.4 billion, however earnings-per-share could decline from $1.30 to $1.16. This is a major moment to see how much inflation has affected buying and upgrading of Apple products, namely its flagship iPhone line. The world’s largest consumer electronics company is always a barometer for spending habits, and it reports third quarter fiscal 2022 results this week. Note that for international firms, days are displayed in local time zones based on investor relations announcements. I’ve also quickly highlighted three companies to watch in this current environment. For now, see the above image or the Google Sheets link below for a rundown of earnings dates for 100 companies. Going forward, I’ll have some articles up the next couple weeks summarizing results for select companies in these sectors. Though a general movement towards subscriptions and ongoing content will soften the blow of weaker product sales and supply constraints. The past couple years brought substantial growth in these spaces and it’s time for mean reversion to take over. I expect to see mixed results and significant headwinds, especially among those companies with focused revenue streams. It’s going to be an eventful one for gaming, media and technology as consumer spending habits are shifting lately in light of rampant inflation and higher interest rates. Personally, I’d add checking out the latest calendar here because the latest earnings season is underway!Īs long-time fans of the site know, every quarter companies gear up to report their latest results and host conference calls with analysts. Well, it’s probably being in the shade, staying hydrated, sitting in front of a fan or pumping up that air conditioner. ![]() For more on Apple’s (AAPL) earnings report, and all of this week’s other financial news, Shacknews has you covered.What’s the best way to cool off when global warming has you melting? This quarter, Apple also announced that it’s adding $90 billion to its stock buyback program. The financial statement PDF reveals that most of Apple’s products, including Macbooks and iPads, were down in year-over-year comparisons. ![]() “We continue to invest for the long term and lead with our values, including making major progress toward building carbon neutral products and supply chains by 2030.”Īpple setting a new record for Q2 iPhone sales is quite significant, as this was likely the driving force behind the company beating expectations. “We are pleased to report an all-time record in Services and a March quarter record for iPhone despite the challenging macroeconomic environment, and to have our installed base of active devices reach an all-time high,” said Tim Cook, Apple’s CEO. Company leadership provided a quote alongside the report. Apple’s earnings per diluted share were $1.52, beating the Wall Street consensus $1.43 expectation. ![]() Despite being a 3 percent decrease from last year, this is above the Wall Street estimate of $93 billion. The company’s quarterly revenue was $94.8 billion. Good news for Apple, and likely the market at large, Apple beat earnings and revenue expectations.Īpple’s (AAPL) Q2 2023 earnings report was shared in a letter on its Newsroom site. One of the most anticipated releases of the week, the report gave us a clear idea at how Apple’s business performed in the second quarter of its financial year. The world’s largest company, Apple (AAPL), has shared its earnings report for Q2 2023.
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