TapTechNews August 2nd news, after announcing the earnings report earlier today, Apple CEO Tim Cook and CFO Luca Maestri attended the conference call.
According to ZeroHedge, when commenting on this quarter's performance, Cook said, In this quarter, we announced exciting software platform updates at the Worldwide Developers Conference, including AppleIntelligence, a breakthrough personal intelligent system that places powerful and private generative AI models at the core of iPhones, iPads, and Macs. We are very much looking forward to sharing these tools with users and continue to make significant investments in innovations that can enrich the lives of our customers, while adhering to the values that guide our work.
Chief Financial Officer Luca Maestri also expressed his view: In this quarter, our record business performance brought an 11% growth in earnings per share and nearly $29 billion (TapTechNews note: currently about 209.508 billion yuan) in operating cash flow, enabling us to return more than $32 billion (currently about 231.181 billion yuan) to shareholders. We are also very pleased to see that due to extremely high customer satisfaction and loyalty, the base of our device activations has reached a historical high in all geographical regions.
At the same time, Bloomberg journalist Mark Gurman gave a rather harsh and sharp evaluation of Apple's performance in this quarter.
My overall view is that from a financial perspective, everything is fine for Apple. However, the company's innovation pace has slowed down significantly compared to before, and it may have missed the latest major new products while cancelling internal screen technologies and future growth sources such as cars.
In Apple's product roadmap for the next two or three years, I don't see any game-changing products. In my opinion, anything new and meaningful may not emerge until around 2027.
Related Reading:
Apple Announces 2024 Q2 Earnings Report: Revenue of $85.78 billion, up 5% year-on-year; Revenue in Greater China is $14.73 billion, down 6.5% year-on-year.