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Apple's Q3 2024 Earnings Analysis $Apple(AAPL.US$
Key financial data
Total revenue
It reached 100 million US dollars, a year-on-year increase, higher than the expected billion US dollars.
Earnings per share (EPS)
· Actual value: $1.40, higher than expected at $1.365.
net profit
· Net profit was $21.4 billion.
Performance of each business unit
The iPhone
· Revenue was $39.3 billion, down 1% year over year. Year-over-year growth at constant exchange rates.
· The iPhone's install base has reached a record high.
Mac
· Revenue was $7 billion, up 2% year over year. In particular, the performance was strong in emerging markets.
iPad
· Revenue was $7.2 billion, up 24% year over year, mainly driven by the new iPad Pro and iPad Air.
Wearables, home and accessories
· Revenue was $8.1 billion, down 2% year over year.
serving
· Revenue reached a record high of $24.2 billion, up 14% year over year.
KEY HIGHLIGHTS
Apple Intelligence
· Apple launched Apple Intelligence at the Global Developer Conference, which uses AI and machinery to enhance the user experience.
· Apple Intellig...
Key financial data
Total revenue
It reached 100 million US dollars, a year-on-year increase, higher than the expected billion US dollars.
Earnings per share (EPS)
· Actual value: $1.40, higher than expected at $1.365.
net profit
· Net profit was $21.4 billion.
Performance of each business unit
The iPhone
· Revenue was $39.3 billion, down 1% year over year. Year-over-year growth at constant exchange rates.
· The iPhone's install base has reached a record high.
Mac
· Revenue was $7 billion, up 2% year over year. In particular, the performance was strong in emerging markets.
iPad
· Revenue was $7.2 billion, up 24% year over year, mainly driven by the new iPad Pro and iPad Air.
Wearables, home and accessories
· Revenue was $8.1 billion, down 2% year over year.
serving
· Revenue reached a record high of $24.2 billion, up 14% year over year.
KEY HIGHLIGHTS
Apple Intelligence
· Apple launched Apple Intelligence at the Global Developer Conference, which uses AI and machinery to enhance the user experience.
· Apple Intellig...
Translated
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Recovering this year's losses, the ringgit surpassed 4.6
(KUALA LUMPUR 31st) As government funds and companies respond to the government's call to transfer funds back to the country, and the market expects the Federal Reserve to speed up the pace of interest rate cuts, push the ringgit exchange rate to break through the 4.6 level and recover lost ground since this year!
As of 6 p.m., the exchange rate of the ringgit was reported at RM4,905 to the US dollar, up 0.68% from yesterday.
According to Bloomberg, after falling to a 26-year low in February, the ringgit has now successfully rebounded and erased all losses since the beginning of the year.
It is worth noting that OCBC Bank previously predicted that it would take until mid-2025 for the MYR to return to the 4.60 level against the US dollar, but now it has completely surpassed the target and is approaching the 4.59 level.
Best in Asia
Today, the ringgit has become one of the best-performing currencies in Asia this year, because the Bank of China has continuously encouraged state-owned enterprises to exchange foreign exchange for ringgit and has stepped up efforts to use forward contracts to support the ringgit trend.
Moreover, the return of the global technology cycle to an upward trend will help drive export recovery, and once the Federal Reserve presses the lower interest rate button, the interest rate spread between the ringgit and the US dollar will narrow as a result.
Huang Jinglong, a foreign exchange strategist at OCBC Bank, said that as the Federal Reserve may start cutting interest rates, he believes the interest rate gap between the two countries will be further improved, and at the same time, the ringgit exchange rate can also use this to recover some of its lost ground.
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🖋️ [Editor and Reporter] @Jungle lee
🔗【Full text...
(KUALA LUMPUR 31st) As government funds and companies respond to the government's call to transfer funds back to the country, and the market expects the Federal Reserve to speed up the pace of interest rate cuts, push the ringgit exchange rate to break through the 4.6 level and recover lost ground since this year!
As of 6 p.m., the exchange rate of the ringgit was reported at RM4,905 to the US dollar, up 0.68% from yesterday.
According to Bloomberg, after falling to a 26-year low in February, the ringgit has now successfully rebounded and erased all losses since the beginning of the year.
It is worth noting that OCBC Bank previously predicted that it would take until mid-2025 for the MYR to return to the 4.60 level against the US dollar, but now it has completely surpassed the target and is approaching the 4.59 level.
Best in Asia
Today, the ringgit has become one of the best-performing currencies in Asia this year, because the Bank of China has continuously encouraged state-owned enterprises to exchange foreign exchange for ringgit and has stepped up efforts to use forward contracts to support the ringgit trend.
Moreover, the return of the global technology cycle to an upward trend will help drive export recovery, and once the Federal Reserve presses the lower interest rate button, the interest rate spread between the ringgit and the US dollar will narrow as a result.
Huang Jinglong, a foreign exchange strategist at OCBC Bank, said that as the Federal Reserve may start cutting interest rates, he believes the interest rate gap between the two countries will be further improved, and at the same time, the ringgit exchange rate can also use this to recover some of its lost ground.
–––
🖋️ [Editor and Reporter] @Jungle lee
🔗【Full text...
Translated
![The ringgit recovered its losses and hit a six-month high, reaching 4.6065 against the US dollar at one point! 💵](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240731/1722421212137-f704858495.jpeg/thumb?area=104&is_public=true)
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$Amazon(AMZN.US$ is set to release its Q2 2024 financial report after market close on August 1st, EST. The key focus areas for this quarter's earnings report are:
1)Retail Business Outlook: In the context of a slowing US retail consumption environment, what guidance does Amazon provide for future retail revenue, and will this quarter’s retail profits exceed expectations?
2)AWS Cloud Services: Amidst a traditional cloud ...
1)Retail Business Outlook: In the context of a slowing US retail consumption environment, what guidance does Amazon provide for future retail revenue, and will this quarter’s retail profits exceed expectations?
2)AWS Cloud Services: Amidst a traditional cloud ...
![Amazon Earnings Preview: Steady Cloud Performance, Retail Guidance in Focus](https://ussnsimg.moomoo.com/sns_client_feed/71349426/20240731/63736c6bca3ed01d1d3c57c509b7c180.png/thumb?area=100&is_public=true)
![Amazon Earnings Preview: Steady Cloud Performance, Retail Guidance in Focus](https://ussnsimg.moomoo.com/sns_client_feed/71349426/20240731/6779e46562c46dba41c80444913e9137.png/thumb?area=100&is_public=true)
![Amazon Earnings Preview: Steady Cloud Performance, Retail Guidance in Focus](https://ussnsimg.moomoo.com/sns_client_feed/71349426/20240731/b07dfa4624932f189b3980a7a3b9c2df.jpg/thumb?area=100&is_public=true)
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