Apple Stock News: Earning Report Announcement
Apple Stock News: Apple will present its earnings results for the third fiscal quarter on July 28, 2022. The earnings report will uncover Apple’s product performance in the period between March and June. During this period, Apple introduced the Mac Studio, Studio Display, iPad Air, and iPhone SE 3, and in June, followed it up with the 13-inch M2 MacBook Pro. In the year-ago quarter, Apple reported $21.7 billion in profit on $81.4 billion revenue, which was a June quarter record.
iPhone 14 Production
According to MacRumors, Foxconn has started its annual seasonal hiring spree in preparation for iPhone 14 production. Before, Apple suppliers have begun shipping iPhone 14 components to manufacturers like Foxconn for final assembly. Apple is expected to announce the iPhone 14 lineup in September which will include a 6.1-inch iPhone 14, 6.7-inch iPhone 14 Max, 6.1-inch iPhone 14 Pro, and 6.7-inch iPhone 14 Pro Max. The two Pro models are expected to get many new features, while fewer changes are expected for the two lower-priced models.
Failure in 5G Modem Chip Development
According to Ming-Chi Kuo, Apple’s efforts in developing its own 5G modem chip may have failed. It means that Qualcomm would remain the exclusive supplier for 5G chips for the 2023 iPhone models. Previously, Kuo believed that Apple’s 2023 iPhones would use modem chips designed in-house rather than Qualcomm chips. Qualcomm is now expected to supply 100 percent of chips for the 2023 iPhone models, rather than just 20 percent. Apple will continue to develop its own 5G chips, but it will take more time for the work to be completed and satisfactory for use in iPhones and other devices.
Apple has been aiming to get away from Qualcomm for years now. Apple had a protracted legal battle with Qualcomm and planned to use Intel 5G chips in the 2020 iPhones, but that ultimately was not possible as Intel was not able to manufacture 5G chips that met Apple’s standards.
Apple launched a single gift card for all things Apple in several European countries, including France, Germany, Italy, Spain, the Netherlands, the United Kingdom, and more. The card can be used in the App Store and other online services, but it can also be used to buy products and accessories in the Apple Store. Apple launched the gift card in 2020 for U.S. customers, and last year expanded its availability to Canada and Australia. Dutch blog iCulture.nl spotted the card’s new availability in Europe.