Rambling On Apple's Earnings -- 4Q23 -- November 6, 2023

Locator: 45956AAPL.   

 Analysts made a huge deal about Apple's decreasing earnings -- the meme: Apple's fourth consecutive quarterly decline. So, what do you notice below?

Note, the first graphic does not include the most recent earnings announcement. 

EPS for the most recent quarter was $1.46, beating estimates ($1.39) and the whisper number ($1.45).

One year ago, EPS was $1.26; this same quarter, one year later: $1.46, a 13% increase. This occurred in a year when:

• Apple introduced the most sophisticated personable mobile device ever released by any company; the Vision Pro
• Apple released the Vision Pro for beta testing but not ready to be released for general sales until mid-2024;
• a huge amount of money hasbeen spent on this device and much more will be spent on improving and marketing; it may be years before it’s profitable and it’s unlikely to ever “move the needle”;
• Apple developed and released the family of M3 chips, the most sophisticated chips for use by the general public at an affordable price ever released by any tech company;
• Apple released the most sophisticated iPhone ever, the iPhone 15, which was only available for only one week of that quarter; and,
• that's just for starters.

Link here.

Link here.

Because "my analysis" is at so much variance with much smarter, more more knowledgeable analysts, everything needs to be fact-checked.

Abbreviated disclaimer (full disclaimer at the "welcome": 

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Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

All my posts are done for my benefit. I don't expect others to read anything I post nor do I expect others to agree on anything I post. I started the blog to help me remember things since I have such a poor memory. 

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source. 

Apple today: