Apple CEO Tim Cook Says Tech Giant “Honored To Be Administrators” Of “CODA” Hides Apple TV + Awards Loot After Strong Second Quarter Earnings Report – Update

Apple CEO Tim Cook Says Tech Giant “Honored To Be Administrators” Of “CODA” Hides Apple TV + Awards Loot After Strong Second Quarter Earnings Report – Update

Executive updated with comments. Apple CEO Tim Cook said the company is honored to be the manager of the Best Picture Oscar winner. TAILHe added that this cup is one of 240 that Apple TV + has won in the two and a half years of existence.

TAIL There was a purchase from the Sundance Film Festival, with a record purchase price of $ 25 million. It became the first streaming movie to win the Oscar for Best Picture, although it also had a minimalist profile in theaters that opened last summer day and night.

The award win is 960 nominations, Cook noted, calling the win the company’s fiscal second quarter, though he didn’t mention any details other than the Oscars. Looking back on the debut of the last original series To free, we crashed Y PachinkoAccording to the executive, the streaming service “connects audiences and deserves critical acclaim”. As has happened since the start date, the viewer data and subscription amount were not disclosed in the call.

Apple TV + is also “conquering sports fans,” “Cook said, noting that it has arrived this month Friday night of baseball And a four-part documentary series they call me magic. (A social media tour during Friday night’s double-digit numbers indicates that many fans are still great.)

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Despite supply chain problems, growing resilience to macroeconomic challenges and a shortage of chips, Apple has far exceeded Wall Street’s forecasts for its fiscal second quarter.

Earnings per share for the period ended March 31 was $ 1.52, up 9% from the prior quarter and $ 1.42 above analyst consensus. Revenue reached $ 97.3 billion, also up 9% and well above the $ 93.98 billion target.

Growth in the services division, which includes iCloud, Apple Music and Apple TV +, was once again remarkable, with a 17% increase to $ 19.8 billion.

Products, the largest division that houses iPhones and other devices, posted more modest earnings of up to $ 77.5 billion. Chief Financial Officer Luca Maestri said in the company’s earnings release that “strong consumer demand for our products” is leading the company to post sales.

“This quarter’s record results demonstrate Apple’s relentless focus on innovation and our ability to create the best products and services in the world,” CEO Tim Cook said at the publication. “We are delighted to see strong customer response to our new products, as well as the progress we are making towards becoming carbon neutral in our supply chain and products by 2030.

So far, Apple has avoided the pitfalls of other tech companies like Netflix and Meta Platforms, whose shares have traded significantly this month after underperforming earnings reports. Amazon publishes quarterly results with Apple.

Overall, this hasn’t been a great year for technical promotions. Apple shares have fallen 10% so far in 2022, although in today’s regular trading session they recorded a solid 4.5% rise and another 1% an hour later.

Source: Deadline

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