Updated with entertainment comments: Apple CEO Tim Cook gave a shoutout to upcoming Wolfs set for theatrical release this fall, Sony distributing. Comedy series Palm Royale with Kristen Wiig and Laura Dern, and Colin Farrell-starring detective skein Sugar also got a plug. Apple’s entertainment business, Apple Studios and Apple TV+ are buried in the Services division but it’s the only one Cook routinely comments on during Apple’s post-earnings conference calls, like today’s.
He keeps a running tally each quarter of Apple TV+ award nominations and wins (480) for Apple TV+ productions since the service launched. “We have some incredible theatrical releases coming this year, including Wolfs, which reunites George Clooney and Brad Pitt,” he said.
Services grew 14% in the current June quarter and CFO Luca Maestri see a similar bump in the current June quarter.
He keeps a running tally each quarter of Apple TV+ award nominations and wins (480) for Apple TV+ productions since the service launched. “We have some incredible theatrical releases coming this year, including Wolfs, which reunites George Clooney and Brad Pitt,” he said.
Services grew 14% in the current June quarter and CFO Luca Maestri see a similar bump in the current June quarter.
- 5/2/2024
- by Jill Goldsmith
- Deadline Film + TV
In the stock market, the story is everything.
If you are a public company, you want to tell a story about your business. A story of growth, of ambition, of what your future holds and what your ceiling can be.
When it works, it can send your share price soaring (just look at Nvidia and its status as the hardware company of artificial intelligence). When it doesn’t, it can result in a hasty retreat back to private ownership (see: Endeavor).
It’s something that Netflix knows all too well.
Toward the end of 2021, riding high as consumers flocked to the platform during the Covid-19 pandemic, Netflix shares topped $600. By the end of April 2022, after reporting a surprising loss of subscribers, shares tumbled below $200.
Ever since it launched, Netflix’s growth story was driven by new subscribers. More and more people kept subscribing, and as the company forged ahead with...
If you are a public company, you want to tell a story about your business. A story of growth, of ambition, of what your future holds and what your ceiling can be.
When it works, it can send your share price soaring (just look at Nvidia and its status as the hardware company of artificial intelligence). When it doesn’t, it can result in a hasty retreat back to private ownership (see: Endeavor).
It’s something that Netflix knows all too well.
Toward the end of 2021, riding high as consumers flocked to the platform during the Covid-19 pandemic, Netflix shares topped $600. By the end of April 2022, after reporting a surprising loss of subscribers, shares tumbled below $200.
Ever since it launched, Netflix’s growth story was driven by new subscribers. More and more people kept subscribing, and as the company forged ahead with...
- 4/19/2024
- by Alex Weprin
- The Hollywood Reporter - Movie News
Apple is clearly proud of its philosophy of streaming high-quality titles on Apple TV+, but is that translating to more customers?
The final quarter of the year was a good one for Apple. It turned in record revenues of $119.6 billion during the quarter, and a big part of those revenues were generated by Apple Services. That’s the division that incorporates subscription services like Apple Music, Apple Arcade, Apple Books, Apple News, and of course, the company’s on-demand streamer Apple TV+, and according to chief financial officer Luca Maestri, it boasts over 1 billion global subscribers.
Apple has doubled the number of total paid subscriptions it has in the past four years. Estimates over the past few years have pegged Apple TV+’s subscriber total at between 25-40 million. Executives continued to tout Apple’s quality-over-quantity approach with the content on its streaming service. 7-Day Free Trial $9.99+ / month apple.com...
The final quarter of the year was a good one for Apple. It turned in record revenues of $119.6 billion during the quarter, and a big part of those revenues were generated by Apple Services. That’s the division that incorporates subscription services like Apple Music, Apple Arcade, Apple Books, Apple News, and of course, the company’s on-demand streamer Apple TV+, and according to chief financial officer Luca Maestri, it boasts over 1 billion global subscribers.
Apple has doubled the number of total paid subscriptions it has in the past four years. Estimates over the past few years have pegged Apple TV+’s subscriber total at between 25-40 million. Executives continued to tout Apple’s quality-over-quantity approach with the content on its streaming service. 7-Day Free Trial $9.99+ / month apple.com...
- 2/2/2024
- by David Satin
- The Streamable
Apple Services, the division that includes Apple TV+ as well as Apple Music, Apple News, Apple Arcade, Apple Books, Podcasts, Fitness, the App store, Apple One and other things Apple, saw record revenue last quarter of $23 billion, up 11%, with paid subscriptions continuing to grow in the “strong double digits” and now “well over” one billion, said CFO Luca Maestri.
That’s more than double the number four years ago, he said on a call after quarterly earnings, joining CEO Tim Cook.
Apple Services already had a million subscriptions last year, and doesn’t break out the individual service businesses. But Cook waxed enthusiastic about video in particular, especially Martin Scorsese’s Killers of the Flower Moon, which has just boosted Apple’s Oscar nomination tally.
Cook noted early in the call that Killers has “earned more than 200 accolades, including Best Film of the year from the New York Film Critics Circle,...
That’s more than double the number four years ago, he said on a call after quarterly earnings, joining CEO Tim Cook.
Apple Services already had a million subscriptions last year, and doesn’t break out the individual service businesses. But Cook waxed enthusiastic about video in particular, especially Martin Scorsese’s Killers of the Flower Moon, which has just boosted Apple’s Oscar nomination tally.
Cook noted early in the call that Killers has “earned more than 200 accolades, including Best Film of the year from the New York Film Critics Circle,...
- 2/2/2024
- by Jill Goldsmith
- Deadline Film + TV
Apple beat on the top and bottom line today, but investors nudged the shares lower as sales fell in China and the company didn’t deliver the blowout the Street seemed to want.
Revenue of $119.6 billion beat expectations and was up for the first time after four quarters of declining sales. Apple had told investors to expect revenue to be about flat with a year ago.
Earnings per share of $2.18 were higher than $2.11 anticipated and up from $1.88 the year before.
“Today Apple is reporting revenue growth for the December quarter fueled by iPhone sales and an all-time revenue record in Services,” said CEO Tim Cook. “We are pleased to announce that our installed base of active devices has now surpassed 2.2 billion, reaching an all-time high across all products and geographic segments. And as customers begin to experience the incredible Apple Vision Pro tomorrow, we are committed as ever to the...
Revenue of $119.6 billion beat expectations and was up for the first time after four quarters of declining sales. Apple had told investors to expect revenue to be about flat with a year ago.
Earnings per share of $2.18 were higher than $2.11 anticipated and up from $1.88 the year before.
“Today Apple is reporting revenue growth for the December quarter fueled by iPhone sales and an all-time revenue record in Services,” said CEO Tim Cook. “We are pleased to announce that our installed base of active devices has now surpassed 2.2 billion, reaching an all-time high across all products and geographic segments. And as customers begin to experience the incredible Apple Vision Pro tomorrow, we are committed as ever to the...
- 2/1/2024
- by Jill Goldsmith
- Deadline Film + TV
Former Vice President Al Gore will be departing from Apple’s board of directors after a 21-year run due to the company’s mandatory retirement age, the tech company said today.
James Bell, who joined the board in 2015, will also be leaving the board, with aerospace executive Wanda Austin in line to become a director.
Board elections are set for February 28 at the company’s annual shareholder meeting.
In a proxy statement filed with the SEC, Apple disclosed the shareholder meeting date and also detailed the compensation packages of top executives. CEO Tim Cook made $63.2 million in 2023, down 36% from $99.4 million in 2022.
Three other members of the top exec team – CFO Luca Maestri, General Counsel Kate Adams and COO Jeff Williams – took home $27 million in 2023, while Retail SVP Deirdre O’Brien was a shade behind them at $26.9 million.
In the cases of Gore and Bell, Apple noted that it has “a longstanding...
James Bell, who joined the board in 2015, will also be leaving the board, with aerospace executive Wanda Austin in line to become a director.
Board elections are set for February 28 at the company’s annual shareholder meeting.
In a proxy statement filed with the SEC, Apple disclosed the shareholder meeting date and also detailed the compensation packages of top executives. CEO Tim Cook made $63.2 million in 2023, down 36% from $99.4 million in 2022.
Three other members of the top exec team – CFO Luca Maestri, General Counsel Kate Adams and COO Jeff Williams – took home $27 million in 2023, while Retail SVP Deirdre O’Brien was a shade behind them at $26.9 million.
In the cases of Gore and Bell, Apple noted that it has “a longstanding...
- 1/11/2024
- by Dade Hayes and Jill Goldsmith
- Deadline Film + TV
Just because Apple hasn’t announced its generative AI play that doesn’t mean it doesn’t exist. During the tech giant’s fourth quarter earnings call, CEO Tim Cook confirmed that Apple is investing “quite a bit” in the technology.
“In terms of generative AI, obviously we have work going on. I’m not going to get into details about what it is because, as you know, we really don’t do that,” Cook said, referencing how notoriously secretive the company is about its upcoming products and services. “But you can bet that we’re investing quite a bit.”
He added: “We view AI and machine learning as fundamental technologies and they are integral to virtually every product we ship.”
All the major tech companies have been touting their AI initiatives in their earnings calls of the past couple of weeks. In their post-earnings calls, Alphabet, Meta and Amazon...
“In terms of generative AI, obviously we have work going on. I’m not going to get into details about what it is because, as you know, we really don’t do that,” Cook said, referencing how notoriously secretive the company is about its upcoming products and services. “But you can bet that we’re investing quite a bit.”
He added: “We view AI and machine learning as fundamental technologies and they are integral to virtually every product we ship.”
All the major tech companies have been touting their AI initiatives in their earnings calls of the past couple of weeks. In their post-earnings calls, Alphabet, Meta and Amazon...
- 11/3/2023
- by Kayla Cobb
- The Wrap
The world’s most valuable company narrowly topped estimates but saw another revenue dip — its fourth in a row — with sales down about 1% to $89.5 billion for its fiscal fourth quarter.
Eps at $1.46 was up 13% percent year-on-year for the three months ended in September, also a beat. Yet investors had hoped for a bit more from the tech giant, which saw its shares dip 1% after the bell. Apple stock, which has seen a massive run-up this year, closed 2% higher at about $177 for the session.
Revenue from iPhones, about half of Apple‘s total business, was $43.8 billion, up from $42.6 billiion, and a record. The September quarter included about a week of new iPhone 15 sales.
Mac and iPad sales fell — Mac down by 33% to $7.4 billion, and iPad by 10% to $6.4 billion. Revenue for Wearables, Home & Accessories eased 3% to $9.3 billion.
Services, the fast-growing division that houses Apple TV+ alongside Apple Music, Apple Fitness, Apple Arcade,...
Eps at $1.46 was up 13% percent year-on-year for the three months ended in September, also a beat. Yet investors had hoped for a bit more from the tech giant, which saw its shares dip 1% after the bell. Apple stock, which has seen a massive run-up this year, closed 2% higher at about $177 for the session.
Revenue from iPhones, about half of Apple‘s total business, was $43.8 billion, up from $42.6 billiion, and a record. The September quarter included about a week of new iPhone 15 sales.
Mac and iPad sales fell — Mac down by 33% to $7.4 billion, and iPad by 10% to $6.4 billion. Revenue for Wearables, Home & Accessories eased 3% to $9.3 billion.
Services, the fast-growing division that houses Apple TV+ alongside Apple Music, Apple Fitness, Apple Arcade,...
- 11/2/2023
- by Jill Goldsmith
- Deadline Film + TV
Apple reported a blowout quarterly earnings report, with its serviced division (which includes Apple TV+, Apple Music and other media-related offerings) hitting another new record with $22.3 billion in revenue.
That was up from $19.2 billion a year ago, and from $21.2 billion in its last quarter.
In total, Apple delivered revenues of $89.5 billion in its fiscal Q4, with profits of $23 billion, reflecting strong demand for its iPhone line.
“Today Apple is pleased to report a September quarter revenue record for iPhone and an all-time revenue record in Services,” said Tim Cook, Apple’s CEO, in a statement. “We now have our strongest lineup of products ever heading into the holiday season, including the iPhone 15 lineup and our first carbon neutral Apple Watch models, a major milestone in our efforts to make all Apple products carbon neutral by 2030.”
Apple is seeking to improve its revenues and margins in its services business, raising prices...
That was up from $19.2 billion a year ago, and from $21.2 billion in its last quarter.
In total, Apple delivered revenues of $89.5 billion in its fiscal Q4, with profits of $23 billion, reflecting strong demand for its iPhone line.
“Today Apple is pleased to report a September quarter revenue record for iPhone and an all-time revenue record in Services,” said Tim Cook, Apple’s CEO, in a statement. “We now have our strongest lineup of products ever heading into the holiday season, including the iPhone 15 lineup and our first carbon neutral Apple Watch models, a major milestone in our efforts to make all Apple products carbon neutral by 2030.”
Apple is seeking to improve its revenues and margins in its services business, raising prices...
- 11/2/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
Apple beat Wall Street expectations during its fourth quarter of fiscal year 2023, riding higher sales of the iPhone and its Services segment. During its fourth quarter, Apple reported net income of $22.96 billion, or diluted earnings of $1.46 per share, up 13%. Revenue fell 1% to $89.5 billion, the company announced Thursday.
According to analysts surveyed by Zacks Investment Research, the tech giant was expected to report earnings of $1.39 per share and revenue of $89.03 billion.
As the company closes its 2023 fiscal year, it reported annual revenue of $383 billion, a 3% drop from 2022. Apple CFO Luca Maestri cited “the volatile and uneven macroeconomic environment,” in commenting on the falloff during the earnings call Thursday.
“Our year-over-year revenue performance improved each quarter as we went through the year, and so did our earnings per share performance,” Maestri said.
For Apple’s Product division, net sales totaled $67.18 billion, a 5% drop from $70.96 billion in last year’s similar quarter.
iPhone revenue came in at $43.8 billion,...
According to analysts surveyed by Zacks Investment Research, the tech giant was expected to report earnings of $1.39 per share and revenue of $89.03 billion.
As the company closes its 2023 fiscal year, it reported annual revenue of $383 billion, a 3% drop from 2022. Apple CFO Luca Maestri cited “the volatile and uneven macroeconomic environment,” in commenting on the falloff during the earnings call Thursday.
“Our year-over-year revenue performance improved each quarter as we went through the year, and so did our earnings per share performance,” Maestri said.
For Apple’s Product division, net sales totaled $67.18 billion, a 5% drop from $70.96 billion in last year’s similar quarter.
iPhone revenue came in at $43.8 billion,...
- 11/2/2023
- by Kayla Cobb
- The Wrap
Apple shared Thursday that over 1 billion people now subscribe to its combined Apple Services. That encompasses Apple Music, Apple iCloud, Apple Care, Apple Arcade, Fitness+, News+, Apple TV+, and more.
Sounds like a landmark — only we still don’t know how many people subscribe to Apple TV+. We’re pretty sure it’s nowhere near 1 billion.
Apple TV+ has not reported official numbers since its launch in 2019. More recent estimates from third parties peg it as having roughly 25 million global subscribers. Many more access it through promotional windows, such as when you buy a new iPhone or tablet. As IndieWire reported in January, IATSE’s streaming deal suggests that TV+ has over 20 million subs.
So while 20 million-25 million would be a small fraction of the 1 billion subs reported today, it’s clear that Apple Services is a huge part of Apple’s core business. Services saw record growth in the last quarter; since last year,...
Sounds like a landmark — only we still don’t know how many people subscribe to Apple TV+. We’re pretty sure it’s nowhere near 1 billion.
Apple TV+ has not reported official numbers since its launch in 2019. More recent estimates from third parties peg it as having roughly 25 million global subscribers. Many more access it through promotional windows, such as when you buy a new iPhone or tablet. As IndieWire reported in January, IATSE’s streaming deal suggests that TV+ has over 20 million subs.
So while 20 million-25 million would be a small fraction of the 1 billion subs reported today, it’s clear that Apple Services is a huge part of Apple’s core business. Services saw record growth in the last quarter; since last year,...
- 8/4/2023
- by Brian Welk
- Indiewire
Cupertino (California), Aug 4 (Ians) Apple has set a June quarter records in India, driven by the robust sales of iPhones, its CEO Tim Cook has said.
During the company’s fiscal 2023 third quarter results late on Thursday, Cook said that the performance of “our new stores in India this spring exceeded our expectations”.
Apple opened its own-branded Mumbai and Delhi retail stores in the country in April this year, which met with great enthusiasm.
On a specific question on the potential of India, Cook said: “You know we did hit a June quarter revenue record in India and we grew strong double digits. We also opened our first two retail stores during the quarter and of course it’s early going currently, but they are currently beating our expectations in terms of how they are doing”.
He further said that the company continues to work on building out the channel...
During the company’s fiscal 2023 third quarter results late on Thursday, Cook said that the performance of “our new stores in India this spring exceeded our expectations”.
Apple opened its own-branded Mumbai and Delhi retail stores in the country in April this year, which met with great enthusiasm.
On a specific question on the potential of India, Cook said: “You know we did hit a June quarter revenue record in India and we grew strong double digits. We also opened our first two retail stores during the quarter and of course it’s early going currently, but they are currently beating our expectations in terms of how they are doing”.
He further said that the company continues to work on building out the channel...
- 8/4/2023
- by Agency News Desk
- GlamSham
Tim Cook Calls Apple TV+ “Spectacular Showcase Of Imaginative Storytelling”; Doesn’t Mention Strikes
Apple chief executive Tim Cook praised Apple TV+ today with shout-outs to its shows, its recent “54 Emmy nominations across 13 titles” and its goal of “giving great storytellers the venue to tell great stories.”
On a conference call with Wall Street analyst after the tech giant’s quarterly earnings, he did not mention, nor was he asked about, strikes by Hollywood writers and actors that have shuttered much scripted production, including at Apple TV+. Apple is a member of the AMPTP along with traditional studios, Netflix and Amazon.
Apple TV+ is one of many businesess that make up Apple’s Services division, including Apple Music, Apple Pay, the Apple App Store, Apple Arcade and others. Services set a record for the quarter ended in June with revenue up 8% at $21.2 billion and over 1 billion paid subscriptions. Apple’s total revenue for its fiscal third quarter was $81.8 billion. Cook said contributions from “video,...
On a conference call with Wall Street analyst after the tech giant’s quarterly earnings, he did not mention, nor was he asked about, strikes by Hollywood writers and actors that have shuttered much scripted production, including at Apple TV+. Apple is a member of the AMPTP along with traditional studios, Netflix and Amazon.
Apple TV+ is one of many businesess that make up Apple’s Services division, including Apple Music, Apple Pay, the Apple App Store, Apple Arcade and others. Services set a record for the quarter ended in June with revenue up 8% at $21.2 billion and over 1 billion paid subscriptions. Apple’s total revenue for its fiscal third quarter was $81.8 billion. Cook said contributions from “video,...
- 8/3/2023
- by Jill Goldsmith
- Deadline Film + TV
Apple Quarterly Revenue Dips 3% In Tough Economic Climate, But Results Beat Wall Street Expectations
Apple struggled in a tough economic climate during the quarter ending March 31, but still managed to beat Wall Street expectations.
Total revenue in the company’s fiscal second quarter dipped 3% from the year-earlier period to $94.8 billion, while earnings per share were flat at $1.52.
The tech giant set an all-time record for services revenue during the period, with $6.065 billion, up 12% from the year-ago frame. While hardware remains an essential component of the company’s financials, services has been a point of emphasis in recent years. Total subscriptions for all services reached 970 million.
Apple hit a new high for iPhone sales during any January-to-March quarter, with $51.3 billion. While that tally was up only 1.5% over the same quarter in 2022, it bucked the trend among other makers of smartphones, computers, tablets and other electronic devices. After a boom during the Covid pandemic, sales in the sector...
Total revenue in the company’s fiscal second quarter dipped 3% from the year-earlier period to $94.8 billion, while earnings per share were flat at $1.52.
The tech giant set an all-time record for services revenue during the period, with $6.065 billion, up 12% from the year-ago frame. While hardware remains an essential component of the company’s financials, services has been a point of emphasis in recent years. Total subscriptions for all services reached 970 million.
Apple hit a new high for iPhone sales during any January-to-March quarter, with $51.3 billion. While that tally was up only 1.5% over the same quarter in 2022, it bucked the trend among other makers of smartphones, computers, tablets and other electronic devices. After a boom during the Covid pandemic, sales in the sector...
- 5/4/2023
- by Dade Hayes
- Deadline Film + TV
Services remained a bright spot for Apple as it reported revenue of $94.8 billion for its second fiscal quarter of 2023, beating Wall Street estimates. Quarterly revenue had been forecasted to hit approximately $93 billion, marking a 4% year-over-year drop. The actual drop was 3%.
The company announced quarterly earnings per diluted share were $1.52, beating estimates (and unchanged year-over-year). Analysts surveyed by Zacks Investment Research had predicted earnings per share of $1.44. The company reported earnings per share of $1.52 in the year-ago quarter.
A contributor to the above results was its services business, which includes Apple TV+. While the company declared its services business hit all-time highs, what remains unclear is the size of the role Apple TV+ played in those figures, as Apple declined to get specific with its subscription numbers and raw revenue.
Also Read:
Apple TV+ Has a Branding Problem – and ‘Ted Lasso’ Alone Won’t Win the Streaming Wars | Analysis
Apple typically...
The company announced quarterly earnings per diluted share were $1.52, beating estimates (and unchanged year-over-year). Analysts surveyed by Zacks Investment Research had predicted earnings per share of $1.44. The company reported earnings per share of $1.52 in the year-ago quarter.
A contributor to the above results was its services business, which includes Apple TV+. While the company declared its services business hit all-time highs, what remains unclear is the size of the role Apple TV+ played in those figures, as Apple declined to get specific with its subscription numbers and raw revenue.
Also Read:
Apple TV+ Has a Branding Problem – and ‘Ted Lasso’ Alone Won’t Win the Streaming Wars | Analysis
Apple typically...
- 5/4/2023
- by Robert Carnevale
- The Wrap
Cupertino (California), Feb 3 (Ians) Apple has announced its financial results for its fiscal 2023 first quarter that ended December 31, 2022, in which the tech giant revealed that it has crossed two billion active devices.
The company also reported quarterly revenue of 117.2 billion, a 5 per cent decrease year over year, and quarterly earnings per diluted share of 1.88.
“As we all continue to navigate a challenging environment, we are proud to have our best lineup of products and services ever, and as always, we remain focused on the long term and are leading with our values in everything we do,” Tim Cook, Apple’s CEO, said in a statement.
“During the December quarter, we achieved a major milestone and are excited to report that we now have more than 2 billion active devices as part of our growing installed base,” Cook added.
Apple’s board of directors has declared a cash dividend of 0.23 per share...
The company also reported quarterly revenue of 117.2 billion, a 5 per cent decrease year over year, and quarterly earnings per diluted share of 1.88.
“As we all continue to navigate a challenging environment, we are proud to have our best lineup of products and services ever, and as always, we remain focused on the long term and are leading with our values in everything we do,” Tim Cook, Apple’s CEO, said in a statement.
“During the December quarter, we achieved a major milestone and are excited to report that we now have more than 2 billion active devices as part of our growing installed base,” Cook added.
Apple’s board of directors has declared a cash dividend of 0.23 per share...
- 2/3/2023
- by News Bureau
- GlamSham
Apple said it has surpassed 2 billion active devices, but the tech giant disappointed Wall Street with its fiscal first-quarter results.
The tech giant reported revenue of 117.2 billion, down 5 from the year-ago quarter, with earnings per diluted share of 1.88. Wall Street analysts’ consensus forecast was for revenue of 121.1 billion and earnings of 1.94.
In its earnings release, the company cited a “challenging environment” during the quarter ended December 31, which included a wave of disruptions in China. CFO Luca Maestri noted that revenue in the company’s Services unit (which includes streaming offerings like Apple Music and Apple TV+) set a record with 20.8 billion in revenue during the quarter.
Apple stock, like many tech issues, has started 2023 in rebound mode, gaining ground since a bruising 2022 came to a close. But the shares slipped 4 in after-hours trading after the earnings release and the latest reminder that the tech sector is not yet out of the woods.
The tech giant reported revenue of 117.2 billion, down 5 from the year-ago quarter, with earnings per diluted share of 1.88. Wall Street analysts’ consensus forecast was for revenue of 121.1 billion and earnings of 1.94.
In its earnings release, the company cited a “challenging environment” during the quarter ended December 31, which included a wave of disruptions in China. CFO Luca Maestri noted that revenue in the company’s Services unit (which includes streaming offerings like Apple Music and Apple TV+) set a record with 20.8 billion in revenue during the quarter.
Apple stock, like many tech issues, has started 2023 in rebound mode, gaining ground since a bruising 2022 came to a close. But the shares slipped 4 in after-hours trading after the earnings release and the latest reminder that the tech sector is not yet out of the woods.
- 2/2/2023
- by Dade Hayes
- Deadline Film + TV
In a rarity for the tech giant, Apple missed Wall Street’s earnings and revenue expectations for its first quarter, reporting earnings per share of 1.88 and revenue of 117.15 billion. Both income and revenue came in below the year-earlier totals of 2.10 and 123.9 billion.
Still, Apple Services, which encompasses Apple TV+, Apple Music, Apple Arcade and more, came in at 20.8 billion for the three months ending Dec. 31, setting a new revenue record, up from 19.5 billion a year earlier. Apple now has more than 935 million paid subscriptions, up from more than 900 million paid subscriptions reported in the previous quarter.
“We set an all-time revenue record of 20.8 billion in our Services business, and in spite of a difficult macroeconomic environment and significant supply constraints, we grew total company revenue on a constant currency basis,” said Apple CFO Luca Maestri. “We generated 34 billion in operating cash flow and returned over 25 billion to shareholders during the...
Still, Apple Services, which encompasses Apple TV+, Apple Music, Apple Arcade and more, came in at 20.8 billion for the three months ending Dec. 31, setting a new revenue record, up from 19.5 billion a year earlier. Apple now has more than 935 million paid subscriptions, up from more than 900 million paid subscriptions reported in the previous quarter.
“We set an all-time revenue record of 20.8 billion in our Services business, and in spite of a difficult macroeconomic environment and significant supply constraints, we grew total company revenue on a constant currency basis,” said Apple CFO Luca Maestri. “We generated 34 billion in operating cash flow and returned over 25 billion to shareholders during the...
- 2/2/2023
- by Caitlin Huston
- The Hollywood Reporter - Movie News
Apple CEO Tim Cook came close to 100 million in total compensation for the second straight year, taking home 99.4 million in fiscal 2022, according to a proxy statement filed with the SEC.
The filing notes that Apple’s compensation committee plans to slash the top exec’s pay by more than 40 compared with the target amount for last year in the wake of “feedback” from displeased investors. His target amount for fiscal 2023 is 49 million.
“Taking into consideration Apple’s comparative size, scope, and performance, the Compensation Committee also intends to position Mr. Cook’s annual target compensation between the 80th and 90th percentiles relative to our primary peer group for future years,” the filing notes. The sizable cut in pay was determined after the committee “balanced shareholder feedback, Apple’s exceptional performance, and a recommendation from Mr. Cook to adjust his compensation in light of the feedback received.”
Similar to 2021, when Cook made 98.7 million,...
The filing notes that Apple’s compensation committee plans to slash the top exec’s pay by more than 40 compared with the target amount for last year in the wake of “feedback” from displeased investors. His target amount for fiscal 2023 is 49 million.
“Taking into consideration Apple’s comparative size, scope, and performance, the Compensation Committee also intends to position Mr. Cook’s annual target compensation between the 80th and 90th percentiles relative to our primary peer group for future years,” the filing notes. The sizable cut in pay was determined after the committee “balanced shareholder feedback, Apple’s exceptional performance, and a recommendation from Mr. Cook to adjust his compensation in light of the feedback received.”
Similar to 2021, when Cook made 98.7 million,...
- 1/12/2023
- by Dade Hayes
- Deadline Film + TV
New Delhi, Oct 28 (Ians) Apple iPhone revenue grew 10 per cent (year-over-year) to a September quarter record of 42.6 billion, the company has announced, as India market sees bumper iPhone sales led by the new 14 series.
Apple CEO Tim Cook said that the customer demand was strong and better than we anticipated that it would be.
“Customers are loving our iPhone 14 lineup. Loaded with camera upgrades for sharper photos, Action Mode for smoother videos and new safety features like Crash Detection and Emergency Sos via Satellite, iPhone is even more indispensable to our daily lives,” Cook told analysts during the company’s quarterly earnings call late on Thursday.
Luca Maestri, Chief Financial Officer at Apple, said that iPhone revenue grew despite significant foreign exchange headwinds.
“We set September quarter records in the vast majority of markets we track, and our performance was particularly impressive in several large emerging markets, with India setting a new all-time revenue record,...
Apple CEO Tim Cook said that the customer demand was strong and better than we anticipated that it would be.
“Customers are loving our iPhone 14 lineup. Loaded with camera upgrades for sharper photos, Action Mode for smoother videos and new safety features like Crash Detection and Emergency Sos via Satellite, iPhone is even more indispensable to our daily lives,” Cook told analysts during the company’s quarterly earnings call late on Thursday.
Luca Maestri, Chief Financial Officer at Apple, said that iPhone revenue grew despite significant foreign exchange headwinds.
“We set September quarter records in the vast majority of markets we track, and our performance was particularly impressive in several large emerging markets, with India setting a new all-time revenue record,...
- 10/28/2022
- by Glamsham Bureau
- GlamSham
New Delhi, Oct 28 (Ians) Apple CEO Tim Cook has said that the company has made a new revenue record in India in the July-September period, and continues to perform well with strong double-digit growth in the country, which is next on Apple’s big manufacturing plans.
Apple posted a September quarter record revenue of 90.1 billion globally, up 8 per cent year over year. Annual revenue was 394.3 billion, also up 8 per cent year over year.
“Across nearly every geographic segment, we reached a new revenue record for the quarter and we continue to perform incredibly well in emerging markets with very strong double digit growth in India, South East Asia and Latin America,” Coll told the analysts during the company’s earnings call late on Thursday.
On iPhone revenue, Apple CFO Luca Maestri said that acewe set September quarter records in the vast majority of markets we tracked”.
“And our performance was...
Apple posted a September quarter record revenue of 90.1 billion globally, up 8 per cent year over year. Annual revenue was 394.3 billion, also up 8 per cent year over year.
“Across nearly every geographic segment, we reached a new revenue record for the quarter and we continue to perform incredibly well in emerging markets with very strong double digit growth in India, South East Asia and Latin America,” Coll told the analysts during the company’s earnings call late on Thursday.
On iPhone revenue, Apple CFO Luca Maestri said that acewe set September quarter records in the vast majority of markets we tracked”.
“And our performance was...
- 10/28/2022
- by Glamsham Bureau
- GlamSham
Apple and Amazon’s quarterly financial results are becoming something of a guessing game for Wall Street analysts trying to size up who’s winning the streaming subscription war. Neither tech giant will budge on telling the public exactly how many paying streaming customers they have.
It’s become almost a parody of the old Mad Magazine comic strip “Spy vs. Spy,” pitting two adversaries against the other with enough equal firepower to blow each into smithereens. Amazon dangles that it has 153 million Prime subscribers, but won’t break down how many tap into video (even on average). Apple doesn’t even break out its streaming platform’s financial results, though its music streaming service clocks in at about 100 million subscribers annually.
On Thursday, Amazon reported a profit of 2.9 billion during the third quarter, down from 3.2 billion in the year-ago period. Revenue rose 15 to 127.1 billion during the quarter.
While the...
It’s become almost a parody of the old Mad Magazine comic strip “Spy vs. Spy,” pitting two adversaries against the other with enough equal firepower to blow each into smithereens. Amazon dangles that it has 153 million Prime subscribers, but won’t break down how many tap into video (even on average). Apple doesn’t even break out its streaming platform’s financial results, though its music streaming service clocks in at about 100 million subscribers annually.
On Thursday, Amazon reported a profit of 2.9 billion during the third quarter, down from 3.2 billion in the year-ago period. Revenue rose 15 to 127.1 billion during the quarter.
While the...
- 10/27/2022
- by Joe Bel Bruno and Natalie Oganesyan
- The Wrap
Apple CEO Tim Cook called the recent price increase at Apple TV+ a kind of obvious move give how much the service has expanded since it launched three years ago.
“If you look at when we first priced it, we only had a very few shows. We were at the beginning. We were very focused on originals only, and so we had four or five shows and priced it quite low,” said during a call after Apple’s quarterly earnings. “We now have a lot of content and are coming out with more each and every month. And so we increased the price to represent the value of the service.”
The monthly price of Apple TV+ will rise to 6.99 from 4.99, while the yearly plan now at 69.99 from 49.99. That’s a 40 spike in both cases although it’s the first one for the streamer.
Cook noted “enthusiasm and strong engagement” from subscribers.
“If you look at when we first priced it, we only had a very few shows. We were at the beginning. We were very focused on originals only, and so we had four or five shows and priced it quite low,” said during a call after Apple’s quarterly earnings. “We now have a lot of content and are coming out with more each and every month. And so we increased the price to represent the value of the service.”
The monthly price of Apple TV+ will rise to 6.99 from 4.99, while the yearly plan now at 69.99 from 49.99. That’s a 40 spike in both cases although it’s the first one for the streamer.
Cook noted “enthusiasm and strong engagement” from subscribers.
- 10/27/2022
- by Jill Goldsmith
- Deadline Film + TV
Apple reported a record 90.1 billon in revenue for its fiscal fourth quarter, up 8, with Eps of 1.29, both better than expected. The key services sector that includes paid subscriptions to Apple TV+ and Music fell shy of expectations and iPhone sales were a bit light.
Apple stock firmed on the numbers, however, not joining the general tech rout that saw a massive hit to Facebook parent Meta yesterday and Amazon this afternoon.
CFO Luca Maestri said the “record September quarter results continue to demonstrate our ability to execute effectively in spite of a challenging and volatile macroeconomic backdrop.”
“This quarter’s results reflect Apple’s commitment to our customers, to the pursuit of innovation, and to leaving the world better than we found it,” said CEO Tim Cook.
“As we head into the holiday season with our most powerful lineup ever, we are leading with our values in every action we...
Apple stock firmed on the numbers, however, not joining the general tech rout that saw a massive hit to Facebook parent Meta yesterday and Amazon this afternoon.
CFO Luca Maestri said the “record September quarter results continue to demonstrate our ability to execute effectively in spite of a challenging and volatile macroeconomic backdrop.”
“This quarter’s results reflect Apple’s commitment to our customers, to the pursuit of innovation, and to leaving the world better than we found it,” said CEO Tim Cook.
“As we head into the holiday season with our most powerful lineup ever, we are leading with our values in every action we...
- 10/27/2022
- by Jill Goldsmith
- Deadline Film + TV
Click here to read the full article.
Apple services, the category which encompasses Apple TV+ and Apple Music, saw another slight drop in revenue during the fourth fiscal quarter ending in September.
The category generated 19.2 billion in revenue, down slightly from the 19.6 billion reported during the third fiscal quarter ending in June — a figure that was another decline compared to the record 19.8 billion in sales the services collectively generated during the second quarter. But compared to the previous year, Apple’s Fy Q4 services revenue represented a five percent year-over-year increase.
Apple now has more than 900 million paid subscriptions, up from the 860 million reported during Q3, according to Apple CEO Tim Cook.
Accounting for the tech giant’s product sales, Apple brought in 90.1 billion during the quarter — a quarterly record for the company driven by continued iPhone sales. “Our record September quarter results continue to demonstrate our ability to execute...
Apple services, the category which encompasses Apple TV+ and Apple Music, saw another slight drop in revenue during the fourth fiscal quarter ending in September.
The category generated 19.2 billion in revenue, down slightly from the 19.6 billion reported during the third fiscal quarter ending in June — a figure that was another decline compared to the record 19.8 billion in sales the services collectively generated during the second quarter. But compared to the previous year, Apple’s Fy Q4 services revenue represented a five percent year-over-year increase.
Apple now has more than 900 million paid subscriptions, up from the 860 million reported during Q3, according to Apple CEO Tim Cook.
Accounting for the tech giant’s product sales, Apple brought in 90.1 billion during the quarter — a quarterly record for the company driven by continued iPhone sales. “Our record September quarter results continue to demonstrate our ability to execute...
- 10/27/2022
- by J. Clara Chan
- The Hollywood Reporter - Movie News
San Francisco, Aug 21 (Ians) Apple’s Chief Financial Officer Luca Maestri has sold shares worth 16.9 million as part of an arranged trading plan.
According to a filing with the US Securities and Exchange Commission (SEC), the transactions was executed in two tranches.
One transaction was for 66,390 shares, sold for 174.66 each, while the other was 30,345 shares fetching 175.60 apiece.
MacRumors reports that a total of 96,735 shares were sold by Maestri.
“The transactions were made pursuant to a predetermined trading plan adopted by Maestri in November 2020, in accordance with insider trading laws”, the report mentioned.
Maestri still holds around 110,000 shares of Apple stock following the sale, according to the US SEC filing.
Maestri joined Apple in 2013 and reports directly to CEO Tim Cook.
Apple’s stock closed at 171.52 on Friday and is up nearly 32 per cent since June.
Despite the global macro-economic environment, Apple saw a record June quarter with 2 per cent (year-over-year) revenue increase at 83 billion,...
According to a filing with the US Securities and Exchange Commission (SEC), the transactions was executed in two tranches.
One transaction was for 66,390 shares, sold for 174.66 each, while the other was 30,345 shares fetching 175.60 apiece.
MacRumors reports that a total of 96,735 shares were sold by Maestri.
“The transactions were made pursuant to a predetermined trading plan adopted by Maestri in November 2020, in accordance with insider trading laws”, the report mentioned.
Maestri still holds around 110,000 shares of Apple stock following the sale, according to the US SEC filing.
Maestri joined Apple in 2013 and reports directly to CEO Tim Cook.
Apple’s stock closed at 171.52 on Friday and is up nearly 32 per cent since June.
Despite the global macro-economic environment, Apple saw a record June quarter with 2 per cent (year-over-year) revenue increase at 83 billion,...
- 8/21/2022
- by Glamsham Bureau
- GlamSham
San Francisco, July 29 (Ians) Tech giant Apple has announced that it now has over 860 million paid subscribers across all of its services, which includes Apple Music, Apple TV+, Apple News, iCloud, and more. Luca Maestri, Chief Financial Officer at Apple, said that the company saw increased customer engagement with its Services during the […]...
- 7/29/2022
- by Glamsham Bureau
- GlamSham
New Delhi, July 29 (Ians) Riding on the iPhone 13 series, Apple saw its iPhone revenue jump 3 per cent to a record 40.7 billion in its June quarter. The iPhone growth was achieved “despite foreign exchange headwinds as customer response to our iPhone 13 family continue to be strong,” said Luca Maestri, Chief Financial […]...
- 7/29/2022
- by Glamsham Bureau
- GlamSham
Click here to read the full article.
Apple’s services category, which includes Apple TV+ and Apple Music, brought in 19.6 billion in revenue for the third fiscal quarter ending in June — a decline in growth compared to its previous quarter, which saw a record 19.8 billion in sales for the category.
Apple now has more than 860 million paid subscribers for its services category, compared to the 825 million reported last quarter, Apple CFO Luca Maestri said during the company’s earnings call.
The tech giant reported a total 83 billion in revenue for the quarter, representing a 2 percent increase year over year, and a net income of 19.4 billion.
Like previous quarters, iPhone sales represented the bulk of Apple’s revenue, bringing in 40.7 billion for the quarter, albeit representing a decline from the 50.6 billion in sales seen in the previous quarter ending in March.
This year, Apple has made major investments into live sports programming.
Apple’s services category, which includes Apple TV+ and Apple Music, brought in 19.6 billion in revenue for the third fiscal quarter ending in June — a decline in growth compared to its previous quarter, which saw a record 19.8 billion in sales for the category.
Apple now has more than 860 million paid subscribers for its services category, compared to the 825 million reported last quarter, Apple CFO Luca Maestri said during the company’s earnings call.
The tech giant reported a total 83 billion in revenue for the quarter, representing a 2 percent increase year over year, and a net income of 19.4 billion.
Like previous quarters, iPhone sales represented the bulk of Apple’s revenue, bringing in 40.7 billion for the quarter, albeit representing a decline from the 50.6 billion in sales seen in the previous quarter ending in March.
This year, Apple has made major investments into live sports programming.
- 7/28/2022
- by J. Clara Chan
- The Hollywood Reporter - Movie News
Apple edged Wall Street estimates for its fiscal third quarter, but its results revealed the negative impact of supply shortages and shutdowns in China, foreign currency fluctuations, inflation and other challenges as the tech giant navigates an uncertain landscape coming out of the worst of Covid.
Revenue inched up 2 from a year ago to 83 billion, while earnings per diluted share were at 1.20, down from 1.30 in the comparable period in 2021. Wall Street analysts had been expecting earnings of 1.16 and revenue of 82.8 billion.
Shares in Apple ticked up 3 in after-hours trading after the results. Executives offered some early indications but no formal guidance for Apple’s fiscal fourth-quarter during their conference call with analysts and did not signal any cause for major concern. Investors are watching for signs of the company running into more serious turbulence after blazing a trail of record-setting financials and stock market valuation throughout much of 2020 and 2021 despite...
Revenue inched up 2 from a year ago to 83 billion, while earnings per diluted share were at 1.20, down from 1.30 in the comparable period in 2021. Wall Street analysts had been expecting earnings of 1.16 and revenue of 82.8 billion.
Shares in Apple ticked up 3 in after-hours trading after the results. Executives offered some early indications but no formal guidance for Apple’s fiscal fourth-quarter during their conference call with analysts and did not signal any cause for major concern. Investors are watching for signs of the company running into more serious turbulence after blazing a trail of record-setting financials and stock market valuation throughout much of 2020 and 2021 despite...
- 7/28/2022
- by Dade Hayes
- Deadline Film + TV
Updated with exec comments. Apple CEO Tim Cook said the company was “honored to be the stewards” of Best Picture Oscar winner Coda, adding that the trophy is one of 240 won by Apple TV+ in its two-and-a-half years of existence.
Coda was an acquisition out of the Sundance Film Festival, at a record acquisition price of 25 million. It went on to become the first streaming film to win the top Oscar, though it also had a vanishingly minimal profile in theaters, having been released day-and-date last summer.
The haul of awards wins is out of 960 total nominations, Cook noted during the company’s fiscal second quarter earnings call, though he didn’t cite any specific ones beyond the Academy Awards. Calling out recent original series debuts Severance, WeCrashed and Pachinko, the exec said the streaming service is “connecting with audiences and earning praise from critics.” As has been the case since launch,...
Coda was an acquisition out of the Sundance Film Festival, at a record acquisition price of 25 million. It went on to become the first streaming film to win the top Oscar, though it also had a vanishingly minimal profile in theaters, having been released day-and-date last summer.
The haul of awards wins is out of 960 total nominations, Cook noted during the company’s fiscal second quarter earnings call, though he didn’t cite any specific ones beyond the Academy Awards. Calling out recent original series debuts Severance, WeCrashed and Pachinko, the exec said the streaming service is “connecting with audiences and earning praise from critics.” As has been the case since launch,...
- 4/28/2022
- by Dade Hayes
- Deadline Film + TV
Apple CEO Tim Cook noted proudly that Apple TV+ shows and films have racked up nearly 200 awards and 900 total nominations, giving a shout-out to Ted Lasso, The Tragedy of Macbeth, Coda, Swan Song and upcoming series Severance and The Afterparty.
“Each one is a tremendous credit to all the storytellers, in front of the camera and behind,” he told Wall Street analysts on a call following Apple’s latest quarterly earnings.
The first mention of Apple TV+ came only minutes into the event, and they kept coming. Until recently, the platform, which launched in November 2019, was a rarely mentioned blip on the corporate balance sheet of a giant with $366 billion in annual revenue.
This time, Cook was asked more and talked more about the streamer. “We wanted to give storytellers a place to tell original stories, and I feel really good about where we are today and the strategic position of the product,...
“Each one is a tremendous credit to all the storytellers, in front of the camera and behind,” he told Wall Street analysts on a call following Apple’s latest quarterly earnings.
The first mention of Apple TV+ came only minutes into the event, and they kept coming. Until recently, the platform, which launched in November 2019, was a rarely mentioned blip on the corporate balance sheet of a giant with $366 billion in annual revenue.
This time, Cook was asked more and talked more about the streamer. “We wanted to give storytellers a place to tell original stories, and I feel really good about where we are today and the strategic position of the product,...
- 1/28/2022
- by Jill Goldsmith
- Deadline Film + TV
Apple posted yet another record quarter in sales, earning $124 billion during the final three months of 2021.
For the period ended Dec. 25, which represent the tech giant’s first fiscal quarter of 2022, Apple surpassed Wall Street’s expectations on both earnings and revenue. Apple’s Eps was $2.10 per share. Analysts were projecting revenue of $118.66 billion and an Eps of $1.89.
Apple’s Services revenue was up 24%, to $19.5 billion, which was also a record.
“This quarter’s record results were made possible by our most innovative lineup of products and services ever,” Tim Cook, Apple CEO Tim Cook said in a statement. “We are gratified to see the response from customers around the world at a time when staying connected has never been more important. We are doing all we can to help build a better world — making progress toward our goal of becoming carbon neutral across our supply chain and products by...
For the period ended Dec. 25, which represent the tech giant’s first fiscal quarter of 2022, Apple surpassed Wall Street’s expectations on both earnings and revenue. Apple’s Eps was $2.10 per share. Analysts were projecting revenue of $118.66 billion and an Eps of $1.89.
Apple’s Services revenue was up 24%, to $19.5 billion, which was also a record.
“This quarter’s record results were made possible by our most innovative lineup of products and services ever,” Tim Cook, Apple CEO Tim Cook said in a statement. “We are gratified to see the response from customers around the world at a time when staying connected has never been more important. We are doing all we can to help build a better world — making progress toward our goal of becoming carbon neutral across our supply chain and products by...
- 1/27/2022
- by Tim Baysinger
- The Wrap
Apple topped Wall Street forecasts on just about all metrics for its latest fiscal first quarter earnings, with revenue of $123 billion, Eps of $2.10 (up from $1.68 the year earlier) and iPhone sales of $71.6 billion (vs $65.5 billion).
The services sector, which includes AppleTV+, saw revenue of $19.5 billion, up from $15.7 billion.
The solid numbers were key as tech stocks have been battered in a volatile market so far this year and investors were quite worried about serious supply chain issues that Apple has warned about. If there was ever a quarter to come out like gangbusters, this was the one.
“This quarter’s record results were made possible by our most innovative lineup of products and services ever,” said Tim Cook, Apple CEO. “We are gratified to see the response from customers around the world at a time when staying connected has never been more important.”
The December...
The services sector, which includes AppleTV+, saw revenue of $19.5 billion, up from $15.7 billion.
The solid numbers were key as tech stocks have been battered in a volatile market so far this year and investors were quite worried about serious supply chain issues that Apple has warned about. If there was ever a quarter to come out like gangbusters, this was the one.
“This quarter’s record results were made possible by our most innovative lineup of products and services ever,” said Tim Cook, Apple CEO. “We are gratified to see the response from customers around the world at a time when staying connected has never been more important.”
The December...
- 1/27/2022
- by Jill Goldsmith
- Deadline Film + TV
Tim Cook, who has steered Apple through the challenges of Covid to a $3 trillion market value, took home $98.7 million in total compensation in 2021.
The figure, a more than six-fold increase from Cook’s 2020 pay of $14.8 million, was disclosed in an SEC filing Thursday afternoon.
Of last year’s total, $82.3 million of the CEO’s compensation came in the form of a stock award. His base salary was $3 million and he got another $12 million via a non-equity bonus.
Apple reached the $3 trillion market value threshold a few days ago, but a dip in its stock price in the opening week of 2022 has seen its value fall to about $2.8 trillion. Its shares closed today at $172, down almost 2%.
Compared with the media business, a near-$100 million annual payday for an executive in the technology sector is relatively unusual. In the upper echelon of tech, significant wealth has been accumulated by figures like Elon Musk,...
The figure, a more than six-fold increase from Cook’s 2020 pay of $14.8 million, was disclosed in an SEC filing Thursday afternoon.
Of last year’s total, $82.3 million of the CEO’s compensation came in the form of a stock award. His base salary was $3 million and he got another $12 million via a non-equity bonus.
Apple reached the $3 trillion market value threshold a few days ago, but a dip in its stock price in the opening week of 2022 has seen its value fall to about $2.8 trillion. Its shares closed today at $172, down almost 2%.
Compared with the media business, a near-$100 million annual payday for an executive in the technology sector is relatively unusual. In the upper echelon of tech, significant wealth has been accumulated by figures like Elon Musk,...
- 1/6/2022
- by Dade Hayes
- Deadline Film + TV
Updated with Tim Cook Emmy, and user privacy, comments: Apple CEO Tim Cook took an unaccustomed detour during Apple’s quarterly conference call, lingering on Apple TV+, a pocket of the company that’s so small relatively speaking it doesn’t usually get a shout out. That’s what nearly a dozen Emmys will do.
“In just its first two years, Apple TV+ has already proved itself to fans around the world and I want to congratulate the incredible actors, writers, storytellers, producers and everyone else whose behind-the-scenes work has made that success possible,” Cook said.
“Apple TV+ won 11 Emmys including the award for outstanding comedy series for Ted Lasso. That show has continued to bring light and laughter to fans all over the world with its boundless optimism and beloved cast of characters. We couldn’t be more proud of our entire lineup of content, from the gripping second...
“In just its first two years, Apple TV+ has already proved itself to fans around the world and I want to congratulate the incredible actors, writers, storytellers, producers and everyone else whose behind-the-scenes work has made that success possible,” Cook said.
“Apple TV+ won 11 Emmys including the award for outstanding comedy series for Ted Lasso. That show has continued to bring light and laughter to fans all over the world with its boundless optimism and beloved cast of characters. We couldn’t be more proud of our entire lineup of content, from the gripping second...
- 10/28/2021
- by Jill Goldsmith
- Deadline Film + TV
Apple services, which includes Apple TV+, Apple Music, the App Store and iCloud, brought in nearly $18.3 billion in revenue, topping Wall Street expectations, during the fourth fiscal quarter of 2021.
The tech giant did not disclose the distribution of revenue or exact number of subscribers across its services, but Apple CFO Luca Maestri told analysts that Apple’s services division had 745 million paid subscribers, up from the “more than 700 million” disclosed during Apple’s last quarterly earnings call.
The fiscal quarter’s services revenue represents almost a 5 percent increase from Q3 and a 26 percent jump year ...
The tech giant did not disclose the distribution of revenue or exact number of subscribers across its services, but Apple CFO Luca Maestri told analysts that Apple’s services division had 745 million paid subscribers, up from the “more than 700 million” disclosed during Apple’s last quarterly earnings call.
The fiscal quarter’s services revenue represents almost a 5 percent increase from Q3 and a 26 percent jump year ...
- 10/28/2021
- The Hollywood Reporter - Film + TV
Apple services, which includes Apple TV+, Apple Music, the App Store and iCloud, brought in nearly $18.3 billion in revenue, topping Wall Street expectations, during the fourth fiscal quarter of 2021.
The tech giant did not disclose the distribution of revenue or exact number of subscribers across its services, but Apple CFO Luca Maestri told analysts that Apple’s services division had 745 million paid subscribers, up from the “more than 700 million” disclosed during Apple’s last quarterly earnings call.
The fiscal quarter’s services revenue represents almost a 5 percent increase from Q3 and a 26 percent jump year ...
The tech giant did not disclose the distribution of revenue or exact number of subscribers across its services, but Apple CFO Luca Maestri told analysts that Apple’s services division had 745 million paid subscribers, up from the “more than 700 million” disclosed during Apple’s last quarterly earnings call.
The fiscal quarter’s services revenue represents almost a 5 percent increase from Q3 and a 26 percent jump year ...
- 10/28/2021
- The Hollywood Reporter - Movie News
Apple blew right past Wall Street’s expectations for its third fiscal quarter of 2021.
For the three months ending on June 26, Apple reported $81.4 billion in revenue and earnings per share of $1.20 — well above the Wall Street expectations of $72.93 million in revenue and $1 per share. That revenue figure is up 36% year-over-year and was a record for a June quarter.
Apple hit another new high in revenue from its services segment, with $17.49 billion. iPhone sales brought in $39.57 billion.
“This quarter, our teams built on a period of unmatched innovation by sharing powerful new products with our users, at a time when using technology to connect people everywhere has never been more important,” Apple CEO Tim Cook said. “We’re continuing to press forward in our work to infuse everything we make with the values that define us — by inspiring a new generation of developers to learn to code, moving closer to our 2030 environment goal,...
For the three months ending on June 26, Apple reported $81.4 billion in revenue and earnings per share of $1.20 — well above the Wall Street expectations of $72.93 million in revenue and $1 per share. That revenue figure is up 36% year-over-year and was a record for a June quarter.
Apple hit another new high in revenue from its services segment, with $17.49 billion. iPhone sales brought in $39.57 billion.
“This quarter, our teams built on a period of unmatched innovation by sharing powerful new products with our users, at a time when using technology to connect people everywhere has never been more important,” Apple CEO Tim Cook said. “We’re continuing to press forward in our work to infuse everything we make with the values that define us — by inspiring a new generation of developers to learn to code, moving closer to our 2030 environment goal,...
- 7/27/2021
- by Tim Baysinger
- The Wrap
Can Apple TV Plus start earning its keep?
This month, the free ride is over for millions of Apple customers who have been getting Apple TV Plus — regularly priced at $4.99 per month — at no charge. Some haven’t been paying for Apple TV Plus since the streaming video service debuted in November 2019. The tech giant in recent weeks has been sending email notifications to customers whose free-access promos have finally expired that they’ll start getting billed in July.
In a bid to jump-start Apple TV Plus — and boost device sales — Apple has offered one year free to buyers of new iPhones, iPads, Apple TV set-tops and Macs. The company extended the free-streaming offer several times, but as of this month it expects Apple TV Plus users to start paying.
And starting July 1, new buyers of products like iPhone or Apple TV 4K will qualify to get only three months free of Apple TV Plus.
This month, the free ride is over for millions of Apple customers who have been getting Apple TV Plus — regularly priced at $4.99 per month — at no charge. Some haven’t been paying for Apple TV Plus since the streaming video service debuted in November 2019. The tech giant in recent weeks has been sending email notifications to customers whose free-access promos have finally expired that they’ll start getting billed in July.
In a bid to jump-start Apple TV Plus — and boost device sales — Apple has offered one year free to buyers of new iPhones, iPads, Apple TV set-tops and Macs. The company extended the free-streaming offer several times, but as of this month it expects Apple TV Plus users to start paying.
And starting July 1, new buyers of products like iPhone or Apple TV 4K will qualify to get only three months free of Apple TV Plus.
- 7/1/2021
- by Todd Spangler
- Variety Film + TV
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