Apple Stock Update (AAPL) | Apple Earnings Summary #shorts
Channel: Michael Smith
Date: 2022-05-01

Apple just reported their Q2 earnings, here’s a summary of exactly what happened.

Firstly, the market clearly didn’t like what was said as the stock declined circa 3% post announcement.
Earnings per share and revenue both beat expectations. This was the 3rd largest revenue number ever posted by Apple, a huge feet given Q1 is normally the best quarter of the year. 
This was lead by outstanding iPhone sales and services revenue.
Gross margins were also improving, a great sign given inflation pressures.
They also announced a mouth watering $90 billion share buy back program.
So why is the stock price down?
Tim Cook highlighted that supply chain constraints could have a 4-8 billion negative impact on revenue over the next 3 months. This of course is significant but in our view should the selling continue we see this as a great buying opportunity.

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