Suhasini Chandramouli
Good afternoon, and welcome to the Apple Q4 Fiscal Year 2024 Earnings Conference Call. My name is Suhasini Chandramouli, Director of Investor Relations. Today's call is being recorded.
Speaking first today are Apple's CEO, Tim Cook; and CFO, Luca Maestri; and they'll be joined by Kevan Parekh, Vice President of Financial Planning and...

Mark Zuckerberg: It was a good quarter, with strong product and business momentum, and some of our long-term visions for the future of artificial intelligence and computing becoming clearer. We estimate that more than 3.20 billion people now use at least one of our applications every day, and we see rapid adoption of Meta AI and Llama, which are rapidly becoming industry standards.
So, let's start with the high...

Analyst: Charlotte Tan
   
The U.S. economy experienced a slight slowdown in GDP growth in the third quarter, yet consumer performance remains robust, maintaining expectations for a sofit landing. Here's a detailed analysis:
Slight Decline in GDP Growth
In the third quarter of 2024, the annualized GDP growth rate was +2.8%. Although this is below the expected +3.0%, the ...

On October 29, after the U.S. stock market closed, AMD released its financial report for the third quarter of 2024. Despite the revenue for the quarter significantly exceeding market expectations, the company's forecast for future performance indicated that the growth rate of AI chip sales might slow down, leading to a drop of over 7% in its stock price during after-hours trading. Amidst wide...

Meta is set to release its Q3 earnings report after the market closes on October 30, Eastern Time, and market attention is extremely high. According to Bloomberg consensus estimates, the company is expected to achieve a year-over-year revenue growth of 17.83% to $40.235 billion in Q3 2024, with diluted EPS anticipated to rise by 19.22% year-over-year to $5.23.
Meta's stock has performed exceptionally well...

The Bank of Canada announced a 50 basis points rate cut to 3.75%, marking the fourth consecutive rate cut since the first reduction in June. The significant 50 basis points reduction was primarily due to the unexpected slowdown in September's inflation data to 1.6%, reflecting the risks of an economic downturn in Canada. The Bank of Canada's goal is to maintain inflation around 2% and promote economic growt...

Looking ahead at the electric vehicle business, delivery volumes have rebounded this quarter, and with new models set to launch next year, it seems highly likely that Tesla's electric vehicle growth will resume. However, the competitive landscape remains intense, and the stabilization of gross margins still needs to be observed.
For Tesla's earnings report, the most importa...

Tesla will release its third-quarter financial report for 2024, ending September 30, after the market closes on October 23, 2024, Eastern Time. In recent weeks, Tesla's stock price has experienced several fluctuations, particularly after the sales data announced earlier this month fell short of market expectations, and following the "We, Robot" event. These factors have collectively contributed to the decline in Te...

1. As a series of policy measures take effect, various economic indicators showed improvement in September.
The "two new" policies significantly boosted consumption of big-ticket items like cars, home appliances, and furniture, with manufacturing investment's year-on-year growth rate increasing for the first time in half a year.
The acceleration...

October 17, Thursday, TSMC, the global chip foundry giant, announced its Q3 2024 financial report. The performance in Q3 was strong, with revenue, net profit, and gross margin all exceeding expectations. Notably, the gross margin returned to around 58%, far above the market expectation of 54.8%. The guidance for the next quarter also shows revenue and gross margin significantly exceed...