[HN Gopher] Apple reports second quarter results
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       Apple reports second quarter results
        
       Author : Josely
       Score  : 18 points
       Date   : 2024-05-02 20:39 UTC (2 hours ago)
        
 (HTM) web link (www.apple.com)
 (TXT) w3m dump (www.apple.com)
        
       | JohnMakin wrote:
       | Do they mean first quarter?
        
         | golan wrote:
         | Apple's quarters are not aligned with calendar years. Q1 is the
         | last quarter of the year.
        
         | dagmx wrote:
         | Many companies have their fiscal year offset from the calendar
         | year.
        
       | nope96 wrote:
       | "Apple announced that its board had authorized $110 billion in
       | share repurchases, a 22% increase over last year's $90 billion
       | authorization. It's the largest in history, ahead of Apple's
       | previous repurchases, according to data from Birinyi Associates."
       | - https://www.cnbc.com/2024/05/02/apple-aapl-earnings-report-q...
        
         | voisin wrote:
         | How much did they actually use of the $90b authorization last
         | year?
        
       | Kon-Peki wrote:
       | Quarterly Sales (year-over-year):
       | 
       | Americas -1.4%
       | 
       | Europe +0.7%
       | 
       | China -8.1%
       | 
       | Japan -12.7%
       | 
       | Rest of Asia -17.2%
       | 
       | People have been talking about sales dropping in China, but that
       | appears to be the least-bad part of Asia! (What's going on with
       | the economy over there?)
        
         | Mikealcl wrote:
         | IDK but shopping in Japan felt amazing this year. Wish I could
         | eat like that at home for a reasonable cost, not to mention how
         | much better everything taste.
        
           | koito17 wrote:
           | As a foreigner buying Yen, it must feel amazing. For a native
           | Japanese, it does not feel good at all. Many iPhone users in
           | Japan are afraid that Apple will increase the price of this
           | year's iPhone by a large margin due to the weak yen. iPhones
           | at their current prices are already unaffordable for many
           | Japanese.
           | 
           | Imported foods, such as oranges, have surged in price due to
           | the weak yen. Nearly all orange juice brands decided to halt
           | production until June.
        
       | paxys wrote:
       | Seems like every big tech company's biggest innovation these days
       | is massive stock buybacks.
        
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       (page generated 2024-05-02 23:02 UTC)