5 reasons Apple's future looks bright
$94.8 billion in revenue is just the beginning.
If you’ve never listened to an Apple earnings call, you don’t know what you’re missing.
Let me fill you in. First, Apple CEO Tim Cook reads a statement that recaps the company’s major achievements over the past few months. Then CFO Luca Maestri plows through a bunch of business buzzwords and metrics that explain how, exactly, Apple managed to rake in another gigantic pile of money in the previous quarter. (In yesterday’s earnings report, the revenue figure was an astonishing $94.8 billion.)
Then the interesting part happens: One by one, Wall Street analysts ask Cook and Maestri questions designed to shed light on Apple’s future prospects.
If listening to that doesn’t sound like any fun at all, you’re in luck. We listen to Apple’s earnings calls so you don’t have to. Then we boil down the most interesting bits into a roundup. Like this one.
Also in today’s newsletter:
Apple’s latest video explainer shows you how to use AirPlay to stream videos from your iPhone to your TV.
The EU just warned Apple not to try something sneaky when iPhones switch to USB-C.
Apple Music’s live concert series returns soon, with Ed Sheeran kicking things off May 10.
— Lewis Wallace, managing editor
A message from CdkeySales
Tweetz o’ the day
Apple Stores, by Wes Anderson.
— Basic Apple Guy (@BasicAppleGuy)
May 5, 2023
lmaoo no way apple even advertises on shopping trolleys 🤦♂️
— alternitive macintosh (@altintosh)
May 5, 2023
One more thing ...
My job isn’t to win a popularity contest right now. My job is to help the team at Apple do the right things to turn this company around so it can really prosper again.
What are you doing with AAPL stock?
Results from yesterday’s poll: Would you tip Apple's retail store workers?
Best reader comments, from derek.dreblow and cathyrn1957: