Apple misses December-quarter target due to decline in iPhone, Mac sales

Apple misses December-quarter target due to decline in iPhone, Mac sale

[{"selector":"#anim-4221399a-29a9-4db8-aef0-46ab5d9eefab [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(17.803437531747214%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-15b139dd-36fd-4032-88a9-5e031419ec1f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-29a3aa6d-f17c-4b28-b149-9f260f24d500","keyframes":{"transform":["translate3d(-142.1875%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Apple stock fell in extended trading on Thursday as consumer electronics giant Apple missed Wall Street's targets for the December quarter amid declining iPhone and Mac sales. credit-google

[{"selector":"#anim-6094334a-4ff3-4eed-92d8-c7cde63d6ae4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ce8bcb06-5154-494d-85f3-5e29364ba72c","keyframes":[{"offset":0,"transform":"translate3d(0, -376.07469%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -105.752202828%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -35.952740364%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -13.501081371%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -5.866765163999999%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":600,"fill":"both"}] The Cupertino, California-based company reported earnings of $1.88 per share on sales of $117.2 billion in its fiscal first quarter that ended December 31. credit-google

Analysts polled by FactSet had expected earnings of $1.94 per share on sales of $121.4 billion.

[{"selector":"#anim-8f29ed53-960a-4222-817c-0945e5ef1206 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.374999861811666%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c2bc9fce-48a7-4862-938a-f03347168017","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] credit-google

On a year-over-year basis, Apple's earnings declined 10% while sales declined 5%.

[{"selector":"#anim-0050e522-b6e0-4d54-ba5f-c9abbcdb6b69 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-58016de4-e667-46c1-abd6-84dfe0ccee4b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a2e9d2a5-0d8c-4483-8faf-fbfca0d45608","keyframes":{"transform":["translate3d(0px, 276.85179%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] credit-google

[{"selector":"#anim-7b66f0c2-71a9-4630-b76e-c3400aa4807a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(40.918326348535565%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fcca3b32-93a7-490e-b1f5-6d88c6786b52","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] In addition, last quarter Apple faced supply shortages from COVID-related disruptions at its main iPhone factory in China. credit-google

Apple executives emphasized the positives in the company's earnings news release.

[{"selector":"#anim-c80f323c-8e6e-48fe-83b5-a752f3364962 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-8d4c5b42-c094-4450-90df-e89a57e2bd09","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-abf094a7-85f2-41f3-aafd-c18290ccd6df","keyframes":{"transform":["translate3d(-119.67214%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] credit-google

[{"selector":"#anim-d3cc4c55-579e-470d-9add-67179582b730 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.437499908198383%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f2987c18-6d0c-4456-8d49-6dc49b4047d3","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b7e76602-9491-4e7e-8d05-c35104020310","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The company has crossed a major milestone with its installed base reaching over 2 billion active devices. Which includes iPhone, iPad, Mac and other gadgets. credit-google

[{"selector":"#anim-d2dc757e-de59-450a-b7a8-ee62b4e30c08 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-4a201f2e-d7ae-49cd-b0a4-101267f2f27f","keyframes":[{"offset":0,"transform":"translate3d(0, -361.73656%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -101.720320672%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -34.582015136%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -12.986342504%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -5.643090335999999%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":600,"fill":"both"}] In the later trading today in the stock market, Apple stock fell 3.9% to 144.93. Apple stock closed up 3.7% at 150.82 during Thursday's regular session. credit-google

[{"selector":"#anim-0d8d2b42-ba6c-4eb7-b2c4-eb3228c4e669 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(24.84374993627456%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e5b80f8f-b3ea-4f6e-a84d-a645f1c0c029","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Apple's services revenue grew 6% year over year to $20.77 billion in the December quarter. But hardware revenue declined 8% to $96.39 billion. credit-google

Apple company believes that they will pull the company around the corner.

[{"selector":"#anim-089950d0-941c-4472-8d44-d536f15ded81 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-05773144-e864-4e09-b260-c136edc844f1","keyframes":{"transform":["translate3d(-145.01991%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0b5d2d91-6d63-4807-b280-9d770e0381f5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5ca30180-820b-4406-aff6-18ad60bdccf7","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] credit-google