AAPL stock

Is now a good time to buy? That answer will be more clear when the company reports second quarter fiscal 2022 earnings results after the closing bell ...

Supply chain shortages impacted iPad sales, which fell 14%. Investors on Thursday will focus on the company’s guidance for clues suggesting improvements in supply chains as well as Apple’s new devices, namely rumored AR glasses related to the metaverse. The Services segment posted revenue of $19.5 billion, up from $15.7 billion in the year-ago period. In the three months that ended March, Wall Street expect the Cupertino, Calif.-based tech giant to earn $1.43 per share on revenue of $94.02 billion. The beat was driven by the strength in the iPhone, which generated $71.6 billion in during the quarter. The downbeat projected fiscal year-over-year growth for EPS and revenue, and the lack of explosive growth, is one reason Apple stock has struggled. In a research note to investors last week, analyst Brian White of Moness Crespi said, "troubling inflationary forces and the economic impact from the conflict in Ukraine" will result in consumers being more selective in their purchases.

It is time for Apple to report fiscal Q2. The Apple Maven will cover the company's earnings day live, starting immediately after the closing bell.

1:05 p.m. PST: Back to the market. 1:03 p.m. PST: By the way, Amazon's earnings are in... 1:24 p.m. PST: Back to earnings preview, I think that the iPhone and the Mac will shine. 1:14 p.m. PST: Another look at Wall Street's expectations for Apple... revenue growth of 5% and EPS growth of 2% is the benchmark. 2:37 p.m. PST: More question on the $4 billion to $8 billion revenue drag. 1:22 p.m. PST: In after-hours, the Nasdaq 100 is giving up about one-third of its regular session gains. 2:15 p.m. PST: iPhone revenue up 5%, iPhone 13 and SE to credit. 1:35 p.m. PST: iPhone revenue of $50.6 billion vs. 2:52 p.m. PST: Question on revenue guidance, the $4 billion to $8 billion drag... 2:35 p.m. PST: Question on component inflation and impact on Apple's pricing power. 2:56 p.m. PST: Question on services and the consumer vs. 2:41 p.m. PST: Follow up on timing of supply equilibrium.

Apple's (AAPL) fiscal Q2 earnings and revenue surpassed analyst expectations. The company's services revenue matched estimates.

That means that each dollar of added service sales disproportionately boosts Apple's profits compared to hardware sales. These choices will be signaled globally to our partners and will not affect browsing data. Note that Apple's 2021 fiscal year (FY) ended in late September 2021. Investopedia does not include all offers available in the marketplace. To change or withdraw your consent choices for Investopedia.com, including your right to object where legitimate interest is used, click below. Investopedia and our third-party partners use cookies and process personal data like unique identifiers based on your consent to store and/or access information on a device, display personalized ads and for content measurement, audience insight, and product development. The company's shares were up more than 2% in after-hours trading. Profit margins on services sales are dramatically larger than on Apple's hardware profits. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Matthew Johnston has more than 5 years writing content for Investopedia. He is an expert on company news, market news, political news, trading news, investing, and the economy. Apple Inc. (AAPL) reported Q2 FY 2022 earnings that exceeded analysts' expectations. Revenue also beat analyst forecasts, rising 8.6% year over year (YOY) to a record high for the March quarter.1 Apple's services revenue matched analysts' estimates.23

Head below for full coverage of AAPL's fiscal Q2 2022 earnings release. AAPL Q2 2022 earnings details. Coming off an incredibly strong, record-breaking holiday ...

You can read Apple’s full earnings release in this post on Apple Newsroom. Stay tuned to 9to5Mac for more coverage from the AAPL earnings call with Tim Cook and Luca Maestri next. We are committed, as ever, to being a force for good in the world — both in what we create and what we leave behind. Apple no longer reports unit sales for any of its products but instead reports a breakdown of revenue by product category. For the quarter, Apple reported revenue of $97.3 billion, an increase of 9% year over year. - iPhone: $50.57 billion (Up 5.5% YOY) Coming off an incredibly strong, record-breaking holiday quarter in Q1 2022, analysts again had high expectations for Q2 2022.

Apple's fiscal Q2 was strong, with the iPhone and Mac doing quite well. Greater China proved to be less of a drag to revenues than I expected.