Macbook: everything we know so far

On its quarterly earnings call, Apple said revenue growth in the current quarter would be between 14% and 17%, well above analysts' estimates. Macbook has emerged this Friday as one of the stories drawing attention in Singapore.

Key facts

• On its quarterly earnings call, Apple said revenue growth in the current quarter would be between 14% and 17%, well above analysts' estimates.
• In March, Apple released a lower-cost computer called the MacBook Neo, and Cook said late Wednesday that customer response "has just been off the charts, with higher-than-expected demand.
• CEO Tim Cook cited ongoing demand for the iPhone 17 and Mac computers as driving the growth as the company faces supply constraints from the memory crunch.
• Apple shares jumped more than 4% on Thursday, headed for the sharpest rally since August, after the iPhone maker reported better-than-expected quarterly results and issued revenue guidance for the current period that sailed past analysts' estimates.
• CEO Tim Cook, who is preparing to step down in September after 15 years at the helm, touted the company's performance in the face of significant supply constraints due largely to the global memory crunch.

What we know

Going deeper, In March, Apple released a lower-cost computer called the MacBook Neo, and Cook said late Wednesday that customer response "has just been off the charts, with higher-than-expected demand.

On the substance, CEO Tim Cook cited ongoing demand for the iPhone 17 and Mac computers as driving the growth as the company faces supply constraints from the memory crunch.

Beyond the headlines, Apple shares jumped more than 4% on Thursday, headed for the sharpest rally since August, after the iPhone maker reported better-than-expected quarterly results and issued revenue guidance for the current period that sailed past analysts' estimates.

More precisely, CEO Tim Cook, who is preparing to step down in September after 15 years at the helm, touted the company's performance in the face of significant supply constraints due largely to the global memory crunch.

It is worth noting that the company said revenue in the fiscal third quarter, which ends in June, will increase between 14% and 17% from a year earlier, while analysts were projecting growth of 9.5%.

By the numbers

At this stage, Apple is seeing continued demand from the iPhone 17 family, which Cook called the "most popular lineup in our history," as well as for a number of Mac models.

On a related note, Tech stocks post best month since start of Covid pandemic in 2020.

Going deeper, Intel's stock more than doubles in April for best month in chipmaker's 55 years on Nasdaq.

On the substance, the analysts, who recommend buying the stock, lifted their earnings per share projection for the fiscal year to $8.89 from $8.63.

The wider context

On a related note, Revenue climbed 17% to $111.18 billion from $95.4 billion a year earlier.

Going deeper, Analysts were expecting sales of $109.66 billion, according to LSEG.

On the substance, Services revenue in the quarter rose about 16% to $30.98 billion from $26.65 billion a year ago.

Beyond the headlines, Apple uses its massive customer base — and a total of over 2.5 billion active devices on the market — to sell subscriptions to entertainment services, as well as to services for Apple Pay, iCloud and AppleCare.

More precisely, Long stuck in the high 30s, Apple's gross margin has been steadily moving up in recent years, reaching 49.3% in the latest quarter, up from 48.2% in the previous period.

The bottom line

• The company said revenue in the fiscal third quarter, which ends in June, will increase between 14% and 17% from a year earlier, while analysts were projecting growth of 9.5%.
• The analysts, who recommend buying the stock, lifted their earnings per share projection for the fiscal year to $8.89 from $8.63.
• For the June quarter, Apple said its gross margin will be between 47.5% and 48.5%.
• Searches spiking right now: Apple shares rise as iPhone 17 and MacBook Neo drive forecast, World News, Apple was ready for the RAM crisis, The MacBook Neo is a glimpse into John Ternus's Apple, MacBook Pro M5 review: serious power, still long battery life.