Apple Reports Third Quarter Results

 

  iPhone and Services drive June quarter record revenue  

 

  Active installed base of devices reaches all-time high for all major product categories  

 

Apple® today announced financial results for its fiscal 2022 third quarter ended June 25, 2022. The Company posted a June quarter revenue record of $83.0 billion, up 2 percent year over year, and quarterly earnings per diluted share of $1.20.

 

"This quarter's record results speak to Apple's constant efforts to innovate, to advance new possibilities, and to enrich the lives of our customers," said Tim Cook, Apple's CEO. "As always, we are leading with our values, and expressing them in everything we build, from new features that are designed to protect user privacy and security, to tools that will enhance accessibility, part of our longstanding commitment to create products for everyone."

 

"Our June quarter results continued to demonstrate our ability to manage our business effectively despite the challenging operating environment. We set a June quarter revenue record and our installed base of active devices reached an all-time high in every geographic segment and product category," said Luca Maestri, Apple's CFO. "During the quarter, we generated nearly $23 billion in operating cash flow, returned over $28 billion to our shareholders, and continued to invest in our long-term growth plans."

 

Apple's board of directors has declared a cash dividend of $0.23 per share of the Company's common stock. The dividend is payable on August 11, 2022 to shareholders of record as of the close of business on August 8, 2022.

 

Apple will provide live streaming of its Q3 2022 financial results conference call beginning at 2:00 p.m. PT on July 28, 2022 at apple.com/investor/earnings-call . This webcast will be available for replay for approximately two weeks thereafter.

 

Apple periodically provides information for investors on its corporate website, apple.com , and its investor relations website, investor.apple.com . This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders.

 

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation those about the payment of the Company's quarterly dividend and its plans for new features and products. These statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by the forward-looking statements. Risks and uncertainties include without limitation: effects of global and regional economic conditions, including as a result of government policies, war, terrorism, natural disasters, and public health issues; risks relating to the design, manufacture, introduction, and transition of products and services in highly competitive and rapidly changing markets, including from reliance on third parties for components, technology, manufacturing, applications, and content; risks relating to information technology system failures, network disruptions, and failure to protect, loss of, or unauthorized access to, or release of, data; and effects of unfavorable legal proceedings, government investigations, and complex and changing laws and regulations. More information on these risks and other potential factors that could affect the Company's business, reputation, results of operations, financial condition, and stock price is included in the Company's filings with the SEC, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

 

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple's five software platforms — iOS, iPadOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple's more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.

 

NOTE TO EDITORS: For additional information visit Apple Newsroom ( www.apple.com/newsroom ), or call Apple's Media Helpline at (408) 974-2042.

 

© 2022 Apple Inc. All rights reserved. Apple and the Apple logo are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
 

  Apple Inc.  

 
 

  CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)  

 
 

(In millions, except number of shares which are reflected in thousands and per share amounts)

 
    
 

 

 
 

  Three Months Ended  

 
 

 

 
 

  Nine Months Ended  

 
 

 

 
 

  June 25,  
2022  

 
 

 

 
 

  June 26,  
2021  

 
 

 

 
 

  June 25,  
2022  

 
 

 

 
 

  June 26,  
2021  

 
 

Net sales:

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Products

 
 

$

 
 

63,355

 
 

 

 
 

 

 
 

$

 
 

63,948

 
 

 

 
 

$

 
 

245,241

 
 

 

 
 

 

 
 

$

 
 

232,309

 
 

Services

 
 

 

 
 

19,604

 
 

 

 
 

 

 
 

 

 
 

17,486

 
 

 

 
 

 

 
 

58,941

 
 

 

 
 

 

 
 

 

 
 

50,148

 
 

Total net sales (1)

 
 

 

 
 

82,959

 
 

 

 
 

 

 
 

 

 
 

81,434

 
 

 

 
 

 

 
 

304,182

 
 

 

 
 

 

 
 

 

 
 

282,457

 
 

Cost of sales:

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Products

 
 

 

 
 

41,485

 
 

 

 
 

 

 
 

 

 
 

40,899

 
 

 

 
 

 

 
 

155,084

 
 

 

 
 

 

 
 

 

 
 

149,476

 
 

Services

 
 

 

 
 

5,589

 
 

 

 
 

 

 
 

 

 
 

5,280

 
 

 

 
 

 

 
 

16,411

 
 

 

 
 

 

 
 

 

 
 

15,319

 
 

Total cost of sales

 
 

 

 
 

47,074

 
 

 

 
 

 

 
 

 

 
 

46,179

 
 

 

 
 

 

 
 

171,495

 
 

 

 
 

 

 
 

 

 
 

164,795

 
 

Gross margin

 
 

 

 
 

35,885

 
 

 

 
 

 

 
 

 

 
 

35,255

 
 

 

 
 

 

 
 

132,687

 
 

 

 
 

 

 
 

 

 
 

117,662

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Operating expenses:

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Research and development

 
 

 

 
 

6,797

 
 

 

 
 

 

 
 

 

 
 

5,717

 
 

 

 
 

 

 
 

19,490

 
 

 

 
 

 

 
 

 

 
 

16,142

 
 

Selling, general and administrative

 
 

 

 
 

6,012

 
 

 

 
 

 

 
 

 

 
 

5,412

 
 

 

 
 

 

 
 

18,654

 
 

 

 
 

 

 
 

 

 
 

16,357

 
 

Total operating expenses

 
 

 

 
 

12,809

 
 

 

 
 

 

 
 

 

 
 

11,129

 
 

 

 
 

 

 
 

38,144

 
 

 

 
 

 

 
 

 

 
 

32,499

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Operating income

 
 

 

 
 

23,076

 
 

 

 
 

 

 
 

 

 
 

24,126

 
 

 

 
 

 

 
 

94,543

 
 

 

 
 

 

 
 

 

 
 

85,163

 
 

Other income/(expense), net

 
 

 

 
 

(10

 
 

)

 
 

 

 
 

 

 
 

243

 
 

 

 
 

 

 
 

(97

 
 

)

 
 

 

 
 

 

 
 

796

 
 

Income before provision for income taxes

 
 

 

 
 

23,066

 
 

 

 
 

 

 
 

 

 
 

24,369

 
 

 

 
 

 

 
 

94,446

 
 

 

 
 

 

 
 

 

 
 

85,959

 
 

Provision for income taxes

 
 

 

 
 

3,624

 
 

 

 
 

 

 
 

 

 
 

2,625

 
 

 

 
 

 

 
 

15,364

 
 

 

 
 

 

 
 

 

 
 

11,830

 
 

Net income

 
 

$

 
 

19,442

 
 

 

 
 

 

 
 

$

 
 

21,744

 
 

 

 
 

$

 
 

79,082

 
 

 

 
 

 

 
 

$

 
 

74,129

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Earnings per share:

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Basic

 
 

$

 
 

1.20

 
 

 

 
 

 

 
 

$

 
 

1.31

 
 

 

 
 

$

 
 

4.86

 
 

 

 
 

 

 
 

$

 
 

4.42

 
 

Diluted

 
 

$

 
 

1.20

 
 

 

 
 

 

 
 

$

 
 

1.30

 
 

 

 
 

$

 
 

4.82

 
 

 

 
 

 

 
 

$

 
 

4.38

 
 

Shares used in computing earnings per share:

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Basic

 
 

 

 
 

16,162,945

 
 

 

 
 

 

 
 

 

 
 

16,629,371

 
 

 

 
 

 

 
 

16,277,824

 
 

 

 
 

 

 
 

 

 
 

16,772,656

 
 

Diluted

 
 

 

 
 

16,262,203

 
 

 

 
 

 

 
 

 

 
 

16,781,735

 
 

 

 
 

 

 
 

16,394,937

 
 

 

 
 

 

 
 

 

 
 

16,941,527

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

  (1) Net sales by reportable segment:

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Americas

 
 

$

 
 

37,472

 
 

 

 
 

 

 
 

$

 
 

35,870

 
 

 

 
 

$

 
 

129,850

 
 

 

 
 

 

 
 

$

 
 

116,486

 
 

Europe

 
 

 

 
 

19,287

 
 

 

 
 

 

 
 

 

 
 

18,943

 
 

 

 
 

 

 
 

72,323

 
 

 

 
 

 

 
 

 

 
 

68,513

 
 

Greater China

 
 

 

 
 

14,604

 
 

 

 
 

 

 
 

 

 
 

14,762

 
 

 

 
 

 

 
 

58,730

 
 

 

 
 

 

 
 

 

 
 

53,803

 
 

Japan

 
 

 

 
 

5,446

 
 

 

 
 

 

 
 

 

 
 

6,464

 
 

 

 
 

 

 
 

20,277

 
 

 

 
 

 

 
 

 

 
 

22,491

 
 

Rest of Asia Pacific

 
 

 

 
 

6,150

 
 

 

 
 

 

 
 

 

 
 

5,395

 
 

 

 
 

 

 
 

23,002

 
 

 

 
 

 

 
 

 

 
 

21,164

 
 

Total net sales

 
 

$

 
 

82,959

 
 

 

 
 

 

 
 

$

 
 

81,434

 
 

 

 
 

$

 
 

304,182

 
 

 

 
 

 

 
 

$

 
 

282,457

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

  (1) Net sales by category:

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

iPhone

 
 

$

 
 

40,665

 
 

 

 
 

 

 
 

$

 
 

39,570

 
 

 

 
 

$

 
 

162,863

 
 

 

 
 

 

 
 

$

 
 

153,105

 
 

Mac

 
 

 

 
 

7,382

 
 

 

 
 

 

 
 

 

 
 

8,235

 
 

 

 
 

 

 
 

28,669

 
 

 

 
 

 

 
 

 

 
 

26,012

 
 

iPad

 
 

 

 
 

7,224

 
 

 

 
 

 

 
 

 

 
 

7,368

 
 

 

 
 

 

 
 

22,118

 
 

 

 
 

 

 
 

 

 
 

23,610

 
 

Wearables, Home and Accessories

 
 

 

 
 

8,084

 
 

 

 
 

 

 
 

 

 
 

8,775

 
 

 

 
 

 

 
 

31,591

 
 

 

 
 

 

 
 

 

 
 

29,582

 
 

Services

 
 

 

 
 

19,604

 
 

 

 
 

 

 
 

 

 
 

17,486

 
 

 

 
 

 

 
 

58,941

 
 

 

 
 

 

 
 

 

 
 

50,148

 
 

Total net sales

 
 

$

 
 

82,959

 
 

 

 
 

 

 
 

$

 
 

81,434

 
 

 

 
 

$

 
 

304,182

 
 

 

 
 

 

 
 

$

 
 

282,457

 
 
                                                                                                                                                                                                                                                      
 

  Apple Inc.  

 
 

  CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)  

 
 

(In millions, except number of shares which are reflected in thousands and par value)

 
    
 

 

 
 

  June 25,  
2022  

 
 

 

 
 

  September 25,  
2021  

 
 

  ASSETS:  

 
 

Current assets:

 
 

 

 
 

 

 
 

 

 
 

Cash and cash equivalents

 
 

$

 
 

27,502

 
 

 

 
 

 

 
 

$

 
 

34,940

 
 

Marketable securities

 
 

 

 
 

20,729

 
 

 

 
 

 

 
 

 

 
 

27,699

 
 

Accounts receivable, net

 
 

 

 
 

21,803

 
 

 

 
 

 

 
 

 

 
 

26,278

 
 

Inventories

 
 

 

 
 

5,433

 
 

 

 
 

 

 
 

 

 
 

6,580

 
 

Vendor non-trade receivables

 
 

 

 
 

20,439

 
 

 

 
 

 

 
 

 

 
 

25,228

 
 

Other current assets

 
 

 

 
 

16,386

 
 

 

 
 

 

 
 

 

 
 

14,111

 
 

Total current assets

 
 

 

 
 

112,292

 
 

 

 
 

 

 
 

 

 
 

134,836

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Non-current assets:

 
 

 

 
 

 

 
 

 

 
 

Marketable securities

 
 

 

 
 

131,077

 
 

 

 
 

 

 
 

 

 
 

127,877

 
 

Property, plant and equipment, net

 
 

 

 
 

40,335

 
 

 

 
 

 

 
 

 

 
 

39,440

 
 

Other non-current assets

 
 

 

 
 

52,605

 
 

 

 
 

 

 
 

 

 
 

48,849

 
 

Total non-current assets

 
 

 

 
 

224,017

 
 

 

 
 

 

 
 

 

 
 

216,166

 
 

Total assets

 
 

$

 
 

336,309

 
 

 

 
 

 

 
 

$

 
 

351,002

 
 

 

 
 

 

 
 

 

 
 

 

 
 

  LIABILITIES AND SHAREHOLDERS' EQUITY:  

 
 

Current liabilities:

 
 

 

 
 

 

 
 

 

 
 

Accounts payable

 
 

$

 
 

48,343

 
 

 

 
 

 

 
 

$

 
 

54,763

 
 

Other current liabilities

 
 

 

 
 

48,811

 
 

 

 
 

 

 
 

 

 
 

47,493

 
 

Deferred revenue

 
 

 

 
 

7,728

 
 

 

 
 

 

 
 

 

 
 

7,612

 
 

Commercial paper

 
 

 

 
 

10,982

 
 

 

 
 

 

 
 

 

 
 

6,000

 
 

Term debt

 
 

 

 
 

14,009

 
 

 

 
 

 

 
 

 

 
 

9,613

 
 

Total current liabilities

 
 

 

 
 

129,873

 
 

 

 
 

 

 
 

 

 
 

125,481

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Non-current liabilities:

 
 

 

 
 

 

 
 

 

 
 

Term debt

 
 

 

 
 

94,700

 
 

 

 
 

 

 
 

 

 
 

109,106

 
 

Other non-current liabilities

 
 

 

 
 

53,629

 
 

 

 
 

 

 
 

 

 
 

53,325

 
 

Total non-current liabilities

 
 

 

 
 

148,329

 
 

 

 
 

 

 
 

 

 
 

162,431

 
 

Total liabilities

 
 

 

 
 

278,202

 
 

 

 
 

 

 
 

 

 
 

287,912

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Commitments and contingencies

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Shareholders' equity:

 
 

 

 
 

 

 
 

 

 
 

Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,095,378 and 16,426,786 shares issued and outstanding, respectively

 
 

 

 
 

62,115

 
 

 

 
 

 

 
 

 

 
 

57,365

 
 

Retained earnings

 
 

 

 
 

5,289

 
 

 

 
 

 

 
 

 

 
 

5,562

 
 

Accumulated other comprehensive income/(loss)

 
 

 

 
 

(9,297

 
 

)

 
 

 

 
 

 

 
 

163

 
 

Total shareholders' equity

 
 

 

 
 

58,107

 
 

 

 
 

 

 
 

 

 
 

63,090

 
 

Total liabilities and shareholders' equity

 
 

$

 
 

336,309

 
 

 

 
 

 

 
 

$

 
 

351,002

 
 
                                                                                                                                                                                                                                                                                                           
 

  Apple Inc.  

 
 

  CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)  

 
 

(In millions)

 
  
 

 

 
 

  Nine Months Ended  

 
 

 

 
 

  June 25,  
2022  

 
 

 

 
 

  June 26,  
2021  

 
 

Cash, cash equivalents and restricted cash, beginning balances

 
 

$

 
 

35,929

 
 

 

 
 

 

 
 

$

 
 

39,789

 
 

 

 
 

Operating activities:

 
 

 

 
 

 

 
 

 

 
 

Net income

 
 

 

 
 

79,082

 
 

 

 
 

 

 
 

 

 
 

74,129

 
 

 

 
 

Adjustments to reconcile net income to cash generated by operating activities:

 
 

 

 
 

 

 
 

 

 
 

Depreciation and amortization

 
 

 

 
 

8,239

 
 

 

 
 

 

 
 

 

 
 

8,295

 
 

 

 
 

Share-based compensation expense

 
 

 

 
 

6,760

 
 

 

 
 

 

 
 

 

 
 

5,961

 
 

 

 
 

Deferred income tax expense/(benefit)

 
 

 

 
 

2,756

 
 

 

 
 

 

 
 

 

 
 

(737

 
 

)

 
 

Other

 
 

 

 
 

(61

 
 

)

 
 

 

 
 

 

 
 

(689

 
 

)

 
 

Changes in operating assets and liabilities:

 
 

 

 
 

 

 
 

 

 
 

Accounts receivable, net

 
 

 

 
 

4,561

 
 

 

 
 

 

 
 

 

 
 

(1,316

 
 

)

 
 

Inventories

 
 

 

 
 

1,049

 
 

 

 
 

 

 
 

 

 
 

(1,213

 
 

)

 
 

Vendor non-trade receivables

 
 

 

 
 

4,789

 
 

 

 
 

 

 
 

 

 
 

4,892

 
 

 

 
 

Other current and non-current assets

 
 

 

 
 

(3,289

 
 

)

 
 

 

 
 

 

 
 

(5,899

 
 

)

 
 

Accounts payable

 
 

 

 
 

(6,108

 
 

)

 
 

 

 
 

 

 
 

(1,786

 
 

)

 
 

Deferred revenue

 
 

 

 
 

260

 
 

 

 
 

 

 
 

 

 
 

1,738

 
 

 

 
 

Other current and non-current liabilities

 
 

 

 
 

(14

 
 

)

 
 

 

 
 

 

 
 

463

 
 

 

 
 

Cash generated by operating activities

 
 

 

 
 

98,024

 
 

 

 
 

 

 
 

 

 
 

83,838

 
 

 

 
 

Investing activities:

 
 

 

 
 

 

 
 

 

 
 

Purchases of marketable securities

 
 

 

 
 

(70,178

 
 

)

 
 

 

 
 

 

 
 

(94,052

 
 

)

 
 

Proceeds from maturities of marketable securities

 
 

 

 
 

24,203

 
 

 

 
 

 

 
 

 

 
 

49,880

 
 

 

 
 

Proceeds from sales of marketable securities

 
 

 

 
 

33,609

 
 

 

 
 

 

 
 

 

 
 

36,745

 
 

 

 
 

Payments for acquisition of property, plant and equipment

 
 

 

 
 

(7,419

 
 

)

 
 

 

 
 

 

 
 

(7,862

 
 

)

 
 

Payments made in connection with business acquisitions, net

 
 

 

 
 

(169

 
 

)

 
 

 

 
 

 

 
 

(13

 
 

)

 
 

Other

 
 

 

 
 

(1,183

 
 

)

 
 

 

 
 

 

 
 

(78

 
 

)

 
 

Cash used in investing activities

 
 

 

 
 

(21,137

 
 

)

 
 

 

 
 

 

 
 

(15,380

 
 

)

 
 

Financing activities:

 
 

 

 
 

 

 
 

 

 
 

Payments for taxes related to net share settlement of equity awards

 
 

 

 
 

(5,915

 
 

)

 
 

 

 
 

 

 
 

(5,855

 
 

)

 
 

Payments for dividends and dividend equivalents

 
 

 

 
 

(11,138

 
 

)

 
 

 

 
 

 

 
 

(10,827

 
 

)

 
 

Repurchases of common stock

 
 

 

 
 

(64,974

 
 

)

 
 

 

 
 

 

 
 

(66,223

 
 

)

 
 

Proceeds from issuance of term debt, net

 
 

 

 
 

 
 

 

 
 

 

 
 

 

 
 

13,923

 
 

 

 
 

Repayments of term debt

 
 

 

 
 

(6,750

 
 

)

 
 

 

 
 

 

 
 

(7,500

 
 

)

 
 

Proceeds from commercial paper, net

 
 

 

 
 

4,970

 
 

 

 
 

 

 
 

 

 
 

3,022

 
 

 

 
 

Other

 
 

 

 
 

(148

 
 

)

 
 

 

 
 

 

 
 

489

 
 

 

 
 

Cash used in financing activities

 
 

 

 
 

(83,955

 
 

)

 
 

 

 
 

 

 
 

(72,971

 
 

)

 
 

Decrease in cash, cash equivalents and restricted cash

 
 

 

 
 

(7,068

 
 

)

 
 

 

 
 

 

 
 

(4,513

 
 

)

 
 

Cash, cash equivalents and restricted cash, ending balances

 
 

$

 
 

28,861

 
 

 

 
 

 

 
 

$

 
 

35,276

 
 

 

 
 

Supplemental cash flow disclosure:

 
 

 

 
 

 

 
 

 

 
 

Cash paid for income taxes, net

 
 

$

 
 

12,251

 
 

 

 
 

 

 
 

$

 
 

18,536

 
 

 

 
 

Cash paid for interest

 
 

$

 
 

1,910

 
 

 

 
 

 

 
 

$

 
 

1,870

 
 

 

 
 

 

 

  

  

  Press Contact:  
Josh Rosenstock
Apple
jrosenstock@apple.com  
(408) 862-1142

 

  Investor Relations Contact:  
Tejas Gala
Apple
tgala@apple.com  
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Apple debuts iPhone 16 Pro and iPhone 16 Pro Max

Apple debuts iPhone 16 Pro and iPhone 16 Pro Max

 

  Powered by the A18 Pro chip and built for Apple Intelligence, the Pro lineup introduces larger display sizes, Camera Control, innovative pro camera features, and a huge leap in battery life  

 

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Apple announces Chief Financial Officer transition

Apple announces Chief Financial Officer transition

 

 Apple® today announced that Chief Financial Officer Luca Maestri will transition from his role on January 1, 2025. Maestri will continue to lead the Corporate Services teams, including information systems and technology, information security, and real estate and development, reporting to Apple CEO Tim Cook. As part of a planned succession, Kevan Parekh, Apple's Vice President of Financial Planning and Analysis, will become Chief Financial Officer and join the executive team.

 

"Luca has been an extraordinary partner in managing Apple for the long term. He has been instrumental in improving and driving the company's financial performance, engaging with shareholders, and instilling financial discipline across every part of Apple. We're fortunate that we will continue to benefit from the leadership and insight that have been the hallmark of his tenure at the company," said Tim Cook, Apple's CEO.

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Apple reports third quarter results

Apple reports third quarter results

 

  June quarter records for Revenue and EPS  

 

  Services revenue reaches new all-time high  

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Apple scores record 72 Emmy Award nominations and sweeps across top categories including Outstanding Limited series for "Lessons in Chemistry," Outstanding Drama for "The Morning Show" and "Slow Horses" and Outstanding Comedy for "Palm Royale"

Apple scores record 72 Emmy Award nominations and sweeps across top categories including Outstanding Limited series for "Lessons in Chemistry," Outstanding Drama for "The Morning Show" and "Slow Horses" and Outstanding Comedy for "Palm Royale"

 

  With best-ever Emmy showing, Apple TV+ lands nominations across 16 Apple Originals including "Lessons in Chemistry," "The Morning Show," "Slow Horses," "Palm Royale," "Loot," "Hijack," "STEVE! (martin) a documentary in 2 pieces," "Girls State," "The Reluctant Traveler With Eugene Levy," "Masters of the Air," "Silo," "Physical," "Hannah Waddingham: Home for Christmas," "The New Look," "Sugar" and more  

 

  "The Morning Show" lands first-ever nomination for Best Drama and leads with the most performance nominations for a drama series, including Best Actress in a Drama for stars and executive producers Jennifer Aniston and Reese Witherspoon  

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Apple The Exchange TRX to welcome its first customers this Saturday, June 22, in Kuala Lumpur

Apple The Exchange TRX to welcome its first customers this Saturday, June 22, in Kuala Lumpur

 

  Apple's first retail location in Malaysia will offer its full lineup of products and services, unparalleled support from over 160 team members, and sessions with local creatives  

 

 Apple® today previewed Apple The Exchange TRX, the first Apple Store® in Malaysia. Located in the heart of Kuala Lumpur's new Tun Razak Exchange (TRX) central business district, the new store will deliver the magic of Apple in the country like never before. Customers can discover and buy Apple's innovative lineup of products and services, receive exceptional service from knowledgeable team members, and learn how to get the most out of their devices through free Today at Apple® sessions.

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cell phone lying on table with app icons floating above it

How to Invest in Mobile Apps (Updated 2024)

The ubiquity of mobile devices and their prominence in everyday life has led to the development of mobile apps for everything from gaming and dating to banking and stock trading.

Mobile apps began rising to prominence in 2007 with the launch of the iPhone, which heralded a new era in connectivity brought about by revolutionary touch technology. The field has grown widely from thereon out, and the diversity of today’s offerings makes investing in mobile apps an appealing prospect.

With about 2.87 million apps in Google’s (NASDAQ: GOOGL) Google Play Store and around 1.96 million apps available in Apple’s (NASDAQ:AAPL) App Store, there is no shortage of app choices for mobile devices.

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Icons for various apps floating above a smartphone.

Social Media Stocks: 5 Biggest Companies

The world’s largest social media platforms have revolutionized the way people connect on the internet, and the companies behind these platforms can offer major investment opportunities.

This year's strong rally in technology stocks, led by Meta Platforms (NASDAQ:FB), is a clear example of the huge presence social media companies have in the stock market. In late April, shares of the social media giant jumped 14.6 percent on higher-than-expected earnings. The news came alongside increasing investor confidence in the broader tech industry.

“Meta earnings show the company’s commitment to cost discipline while driving accelerating N-T revenue growth and also continuing to invest in longer-term transformational technologies like artificial intelligence (AI) and the metaverse,” said Doug Anmuth, an analyst at JPMorgan Chase (NYSE:JPM).

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BlackBerry Extends Partnership with Leading Managed Security Services Provider  to Ensure SMBs are Set Up for Cyber Success

BlackBerry Extends Partnership with Leading Managed Security Services Provider to Ensure SMBs are Set Up for Cyber Success

 
 

BlackBerry Limited (NYSE: BB; TSX: BB) and Solutions Granted today announced an extended partnership, naming the leading cybersecurity services provider a Master Managed Security Services Provider (MSSP), enabling it to better scale and meet the growing demand for cybersecurity services among small and medium-sized businesses (SMBs).

 
 

  BlackBerry Logo Black (PRNewsfoto/Blackberry Limited) 

 

"Solutions Granted has been honored as BlackBerry MSSP Partner of the Year for North America for five consecutive years and we're excited to take our partnership to the next level by crowning them as our top Master MSSP," said Adam Enterkin , Chief Revenue Officer, Americas, BlackBerry Cybersecurity. "BlackBerry is dedicated to increasing its focus on MSSP partners to ensure they're set up for success. Endpoints are proliferating, and so are the cyberattacks against them. Our extended partnership with Solutions Granted will help hundreds of small and mid-size businesses continuously adapt to an ever-changing threat landscape."

 

As a 'Master MSSP', Solutions Granted will be better positioned to help its own partners to deliver Managed Detection and Response (MDR) and other Managed Security Services to their mid-market and SMB clients.  In partnership with BlackBerry and heavily leveraging the Cylance® AI-powered portfolio, Solutions Granted helps thousands of clients secure their environments and prevent attacks. By working with Solutions Granted, MSSPs and managed service providers (MSPs) can offer industry leading managed security, without making the significant investment of building out their own security operations center (SOC).

 

  CylanceENDPOINT™ is among the solutions it helps managed service providers (MSPs) deploy to clients, either as individual managed services or integrated into a SOC-as-a-service offering.

 

"BlackBerry's support for our business model provides the flexibility we need to continue to meet customer demand and provide the best possible product support for their business needs," said Michael E. Crean , Chief Executive Officer, Solutions Granted. "We value the investment BlackBerry is making in our partnership and know this will go a long way in setting up our customers for success."

 

To learn more about BlackBerry MSSP Partners, visit blackberry.com/us/en/partners/mssp-partners .

 

  About BlackBerry  

 

 BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world.  The company secures more than 500M endpoints including over 215M vehicles.  Based in Waterloo, Ontario , the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions, and is a leader in the areas of endpoint management, endpoint security, encryption, and embedded systems.  BlackBerry's vision is clear - to secure a connected future you can trust.

 

 BlackBerry. Intelligent Security. Everywhere.

 

For more information, visit BlackBerry.com and follow @BlackBerry.

 

  Trademarks, including but not limited to BlackBerry and EMBLEM Design are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved.  All other trademarks are the property of their respective owners.  BlackBerry is not responsible for any third-party products or services.  

 

  About Solutions Granted Inc.  

 

Solutions Granted is a Master Managed Security Services Provider (Master MSSP). They offer cybersecurity solutions to North American MSPs and MSSPs and are committed to delivering solutions without requiring minimums, commitments, or long-term contracts. They proudly offer many security layers as well as a 24x7 U.S.-based Security Operations Center (SOC). Over the past several years, Solutions Granted has emerged as a clear leader in the channel, by winning countless awards including the CRN Security 100 list, Top 100 MSSP List, Top Global MSSP List, and BlackBerry MSSP Partner of the Year. Learn more at https://www.SolutionsGranted.com  

 

  Media Contacts:  

 

 BlackBerry Media Relations

 

+1 (519) 597-7273

 

  mediarelations@BlackBerry.com  

 
 
 

 Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/blackberry-extends-partnership-with-leading-managed-security-services-provider-mssp-to-ensure-smbs-are-set-up-for-cyber-success-301803800.html  

 

SOURCE BlackBerry Limited

 
 

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BlackBerry's Quarterly Threat Intelligence Report Finds Banks, Healthcare Providers and Food Retailers are Top Targets for Cybercrime

BlackBerry's Quarterly Threat Intelligence Report Finds Banks, Healthcare Providers and Food Retailers are Top Targets for Cybercrime

 
 

   Geopolitical unrest positions key industries as targets for state-sponsored actors and financially motivated attacks   

 

BlackBerry Limited (NYSE: BB; TSX: BB) today released its latest Quarterly Global Threat Intelligence Report highlighting an increase in cyberattacks directed at financial institutions, food retailers and healthcare providers, with 60 percent of all attacks targeting these three key industries.

 

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Mobile Investing in Australia

After lagging behind for a prolonged period, Australia's tech sector is ramping up at an accelerated pace. The tech sector is now equivalent to 8.5 percent of the country's GDP as of the end of 2021, an increase of 26 percent since the onset of COVID-19 through June 2021 and a massive 79 percent increase over the past five years. Tech contributes AU$167 billion to the Australian economy, trailing only the mining (AU$205 billion) and financial/insurance (AU$169 billion) sectors.

Australia's characteristically resilient economy — which had not experienced a recession in nearly 30 years prior to COVID-19 lockdowns — has provided a sturdy backdrop for its growing tech sector. The growth in the tech sector’s contribution to the GDP has outpaced average growth of other industries by more than 400 percent, a gain partly attributable to accelerated digital technology adoption during the pandemic.

This dramatic expansion is largely in response to Australia's need to catch up to the rest of the world and assert itself in the global tech marketplace. Should the tech sector continue to grow at its current rate it will eventually surpass the relative GDP contribution of the long dominant mining sector. This will also complete the process of bringing Australia more in line with other western economies such as the UK, and notably Canada, which is comparable to Australia in terms of its dominant mining and agricultural industries.

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DGTL Holdings Completes Acquisition of Engagement Labs

DGTL Holdings Completes Acquisition of Engagement Labs

DGTL Holdings Inc. (TSXV: DGTL) (OTCQB: DGTHF) (WKN: A2QB0L) (FSE: D0G) ("DGTL Holdings") and Engagement Labs Inc. (TSXV: EL) ("Engagement Labs") are pleased to announce that DGTL has completed its previously announced acquisition of Engagement Labs by way of a plan of arrangement (the "Arrangement").

Transaction Details

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