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Apple crusing again - 9% revenue growth yty

CUPERTINO, CALIFORNIA APRIL 28, 2022 Apple today announced financial results for its fiscal 2022 second quarter ended March 26, 2022. The Company posted a March quarter revenue record of $97.3 billion, up 9 percent year over year, and quarterly earnings per diluted share of $1.52.

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little more color… mind blowing cash flow. Warren must be thrilled.

“We are very pleased with our record business results for the March quarter, as we set an all-time revenue record for Services and March quarter revenue records for iPhone, Mac, and Wearables, Home and Accessories. Continued strong customer demand for our products helped us achieve an all-time high for our installed base of active devices,” said Luca Maestri, Apple’s CFO. “Our strong operating performance generated over $28 billion in operating cash flow, and allowed us to return nearly $27 billion to our shareholders during the quarter.”
Apple’s board of directors has declared a cash dividend of $0.23 per share of the Company’s common stock, an increase of 5 percent. The dividend is payable on May 12, 2022 to shareholders of record as of the close of business on May 9, 2022. The board of directors has also authorized an increase of $90 billion to the existing share repurchase program.

authorizes $90 BILLION in buybacks

these numbers boggle my mind.

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Netflix market cap is $92 billion. They could buy it if the regulators let them. Might be better long term than share repurchases.

Netflix market cap is $92 billion. They could buy it if the regulators let them. Might be better long term than share repurchases.

No way.

Streaming as a business is mediocre at best…looking through the windshield, not the rearview mirror.

Too many businesses competing, and no real moat. Sure, Netflix has a great library and a big head start. But Amazon has enormously deep pockets, and an orthogonal business model, as they’re mostly investing to make Prime more attractive. Then there’s Disney, who has so much of their own content that for many users, they’re better than Netflix. Of course Apple will throw billions and billions into creating their own content, cause…? Not to mention all the others. This is far from an oligopoly.

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