Tim Cook Archives - CFO

Supply Disruptions Hit Apple Revenue

Financial Performance

Supply Disruptions Hit Apple Revenue

Apple missed revenue estimates for the fourth quarter as shortages in chip supplies cost it $6 billion in potential revenue.

By Matthew Heller | October 29, 2021

Stay-at-Home Demand Drives Apple Growth

Financial Performance

Stay-at-Home Demand Drives Apple Growth

The company reported increased third-quarter sales across all its products, with even the iPhone up more than 1% from a year ago.

By Matthew Heller | July 31, 2020

Apple’s Revenue Is Up, but EPS Is Down

Financial Reporting

Apple’s Revenue Is Up, but EPS Is Down

Strong iPhone sales in China and record services revenue drive third-quarter results for Apple.

By David McCann | July 31, 2019

Apple Posts Record $11.5B in Services Revenue

Financial Performance

Apple Posts Record $11.5B in Services Revenue

The jump in digital services sales testifies to Apple's progress in selling other products to its installed base of iPhone users.

By Matthew Heller | May 1, 2019

Apple Enters Streaming Wars With Apple TV+

Apple Enters Streaming Wars With Apple TV+

The new streaming platform may face heavy competition from the likes of Netflix but should grow Apple's services business.

By Matthew Heller | March 26, 2019

Lawmakers Seek Answers Over Apple Bug

Risk & Compliance

Lawmakers Seek Answers Over Apple Bug

The company is facing criticism over its response to a flaw in its FaceTime app.

By Lauren Muskett | February 6, 2019

Apple Lowers Q1 Guidance Amid China Woes

Financial Performance

Apple Lowers Q1 Guidance Amid China Woes

CEO Tim Cook says the revenue shortfall "is over 100 percent from iPhone and it's primarily in greater China."

By Matthew Heller | January 3, 2019

Apple Shares Fall 6.5% on Disappointing Outlook

Financial Performance

Apple Shares Fall 6.5% on Disappointing Outlook

The company's revenue projection for the holiday season fueled concerns that slowing growth "could translate into a new growth paradigm.”

By Matthew Heller | November 2, 2018

Companies Must Be Held Accountable for Protecting Customers’ Data: Tim Cook

Companies Must Be Held Accountable for Protecting Customers’ Data: Tim Cook

Speaking at a conference in Brussels, Apple's CEO said Europe's privacy regulations should be a model for policymakers.

By William Sprouse | October 24, 2018

Apple’s Revenue Jumps 4.6% in ‘Strong’ Q2

Financial Performance

Apple’s Revenue Jumps 4.6% in ‘Strong’ Q2

iPhone sales totaled 50.76 million, missing analysts' estimates, but consumers may be looking ahead to a big upgrade.

By Matthew Heller | May 3, 2017

Apple Posts Record Quarterly Revenue of $78B

Apple Posts Record Quarterly Revenue of $78B

Sales of the flagship iPhone increased 5% in the first quarter, helping Apple to snap a streak of declining revenue.

By Matthew Heller | February 1, 2017

Apple Hit With $14B Penalty Over Irish Tax Deal

Apple Hit With $14B Penalty Over Irish Tax Deal

The European Commission says Ireland improperly allowed Apple to avoid paying taxes on almost all profits from sales in the EU.

By Matthew Heller | August 30, 2016

Apple’s Q2 Results Miss on iPhone Sales Drop

Apple’s Q2 Results Miss on iPhone Sales Drop

The company suffered its first quarterly revenue decline in 13 years as its flagship smartphone appears to be nearing saturation point.

By Katie Kuehner-Hebert | April 27, 2016

Apple, FBI Face off Over Access to Killer’s iPhone

Apple, FBI Face off Over Access to Killer’s iPhone

The company is opposing a court order requiring it to help the FBI unlock the iPhone of one of the San Bernardino mass shooters.

By Matthew Heller | February 17, 2016

Apple Earnings Beat Estimates But iPhone Sales Lag

Apple Earnings Beat Estimates But iPhone Sales Lag

With the iPhone being the main driver of Apple's growth, the sales slowdown raises concerns about the company's future performance.

By Katie Kuehner-Hebert | January 27, 2016