Feed - Buzzberg

21:00
Jul 30 ◎

AAPL FY2026 Q3 Watch

Apple Inc. (AAPL) FY2026 Q3 Earnings Call

AAPL MS DIS ACA MU ▾

Kevin

Guidance for 9-11% growth is a deceleration from 22% in the reported quarter, with significant supply constraints and FX headwinds pressuring the near-term outlook.

"We expect our September quarter total company revenue to grow between nine and 11% year over year."

AAPL WATCH

Kevin

Morgan Stanley is a large enterprise customer adopting Apple devices, signaling enterprise momentum for iPhone.

"Morgan Stanley has deployed over 20,000 iPhone 17 devices globally as part of a shift from employee-owned to corporate-owned devices for reliability and security."

MS WATCH

Kevin

Disney is using Apple Macs for on-device AI, reducing cloud costs and indicating competitive advantage for Apple in creative workflows.

"At Disney, creative teams are increasingly turning to Mac for on-device AI workflows that reduce overall cloud token costs and keep their IP secure."

DIS WATCH

Kevin

Credit Agricole is deploying Mac for on-device AI in banking, showcasing productivity gains and enterprise adoption outside the US.

"Credit Agricole, France's leading retail bank, is using on-device AI and MacBook Pro to streamline regulatory workflows, reducing manual processing time by over 80%."

ACA WATCH

Tim Cook

Apple is raising prices on iPad and Mac due to a '100-year flood' in memory pricing, and expects further memory cost increases beyond September. — Memory inflation is a major headwind for Apple's gross margins, but a tailwind for memory suppliers like Micron, suggesting pricing power for those suppliers.

"We reluctantly raised prices because we're in what I would characterize as a 100-year flood on memory pricing, with exponential increases in memory prices."

MU WATCH

Tim Cook

Apple's supply constraints on advanced SOC nodes are driven by demand exceeding expectations for iPhone and Mac, with limited supply chain flexibility. — Strong iPhone/Mac demand is straining TSMC's advanced node capacity, likely benefiting TSMC but could limit Apple's ability to meet demand.

"The primary issue is advanced nodes that we run our SOCs on. That's the primary supply constraint now, and the root cause is a demand forecast issue."

TSM WATCH

Kevin

Approximately half of MacBook Neo large purchases by US education institutions in the quarter displaced Windows and Chromebook devices. — Apple is gaining share in education from Microsoft and Google, threatening their installed base in a key market.

"In the last quarter, about half of the MacBook Neo large purchases by US education institutions displaced Windows and Chromebook devices."

MSFT WATCH GOOGL WATCH

HIGH

21:00
Apr 30 ◎

AAPL FY2026 Q2 Watch

Apple Inc. (AAPL) FY2026 Q2 Earnings Call

PERPLEXITY FRSH MMC AAPL GOOGL ▾

Kevan Parekh

Perplexity's adoption of Mac for AI development validates Apple's silicon advantage in agentic AI workloads, strengthening Apple's enterprise ecosystem.

"leading AI developers like Perplexity are choosing Mac as their preferred platform to build enterprise-grade AI assistants"

PERPLEXITY WATCH

Kevan Parekh

Freshworks' fleet deployment signals enterprise preference for Mac in AI R&D, potentially driving incremental Mac demand from the software sector.

"leading enterprise software provider Freshworks deployed over 5,000 MacBook Pro and MacBook Air to accelerate their AI development."

FRSH WATCH

Kevan Parekh

Marsh's large-scale iPhone refresh underscores Apple's enterprise security appeal and could signal a broader corporate upgrade cycle.

"Marsh, a leading professional services firm, deployed a large-scale refresh of corporate devices to iPhone 17 as part of a commitment to security"

MMC WATCH

Kevan Parekh

Despite ongoing supply constraints on Mac and rising memory costs, Apple maintained strong double-digit revenue growth guidance, reflecting resilient demand and pricing power.

"We expect our June quarter total company revenue to grow by 14 to 17% year over year, which comprehends our best view of constrained supply."

AAPL WATCH

Tim Cook

Apple's continued partnership with Google for foundational models indicates a stable, co-opetitive AI strategy that benefits Google's cloud/AI services exposure.

"The collaboration with Google is going well."

GOOGL WATCH

Tim Cook

Apple's commitment to purchase well over 100 million advanced chips from TSMC's Arizona facility indicates a multi-year, multi-billion-dollar anchor order for leading-edge nodes, strengthening TSMC's fab utilization and pricing leverage. — Reinforces TSMC's revenue visibility and U.S. fab ramp, while also signaling Apple's de-risking of geopolitical supply chain exposure.

"At TSMC's Arizona facility, for example, Apple is on track to purchase well over 100 million advanced chips."

TSM WATCH

HIGH

22:00
Jan 29 ◎

AAPL FY2026 Q1 Watch

Apple Inc. (AAPL) FY2026 Q1 Earnings Call

GOOGL GLW SNOW AZN AAPL ▾

Tim Cook

Apple is relying on Google's AI technology (Gemini) as the foundation for its next-generation Siri, deepening the strategic partnership and likely involving substantial revenue-share or compute commitments.

"We are also collaborating with Google to develop the next generation of Apple Foundation models. This will help power future Apple intelligence features, including a more personalized Siri coming this year."

GOOGL WATCH

Tim Cook

This reaffirms Corning's position as a key US-based supplier for Apple, strengthening its role in Apple's domestic manufacturing strategy.

"Through our advanced manufacturing program, we're working with Corning in Kentucky to make 100% of cover glass for iPhone and Apple Watch."

GLW WATCH

Kevin Parekh

Snowflake's deployment of Macs is a notable enterprise win for Apple, signaling continued strength in the enterprise market.

"Snowflake has deployed over 9,000 Mac devices company-wide, establishing Mac as a primary laptop across all business units, resulting in increased performance and a reduction in support tickets."

SNOW WATCH

Kevin Parekh

AstraZeneca adopting iPad Pros in bulk is a strong enterprise win for Apple, showcasing the value of its iPad in specialized verticals.

"AstraZeneca is rolling out over 5,000 M5-powered iPad Pros to its pharmaceutical sales team..."

AZN WATCH

Kevin Parekh

Despite acknowledging some supply constraints, Apple guided for another quarter of robust double-digit revenue growth, fueled by continued strength from the iPhone 17 cycle.

"We expect our March quarter total company revenue to grow by 13% to 16% year over year."

AAPL WATCH

Tim Cook

Apple's iPhone supply for the March quarter is constrained not by memory but by a shortage of capacity for advanced nodes (e.g., 3nm) needed for its latest SOCs. The constraint is a direct result of the 23% growth in Q1, which left less flexibility in the supply chain. — This confirms TSMC's advanced node capacity (especially 3nm) is the bottleneck for Apple's flagship smartphone, suggesting TSMC retains exceptional pricing power and is likely sold out for the first half of the year.

"The constraints that we have are driven by the availability of the advanced nodes that our SOCs are produced on."

TSM WATCH

Tim Cook

Apple's gross margin guidance of 48%-49% for the March quarter is higher than expected, despite an anticipated negative impact from memory inflation. This is driven by mix and leverage, suggesting the company is not passing memory costs to consumers yet. — Apple's ability to hold gross margins steady while facing memory cost headwinds indicates it has not yet used the pricing lever, which could be a significant risk/reward factor for its supply chain partners and components market.

"We're working with Micron, which broke ground on a new advanced chip packaging and test facility..."

MU WATCH

Kevin Parekh

"We do expect it to be a bit more of an impact to the Q2 gross margin, and that was comprehended in the outlook of 48 to 49 percent that Kevin gave earlier."

SKHNF WATCH

HIGH

Feed — Buzzberg