"Apple's quarter ran on the iPhone 17 lineup, which drove iPhone revenue of $56.99 billion and lifted Services to an all-time record of $30.98 billion. Tim Cook called it 'our best March quarter ever' with double-digit growth across every region."
"Intel's story is messier and more interesting. Revenue hit $13.58 billion, up 7%, while Data Center and AI jumped 22% YoY and Intel Foundry climbed 16%. A $4.07 billion restructuring charge tied to Mobileye created a GAAP loss, but non-GAAP EPS of $0.29 obliterated the $0.0127 consensus."
"Apple's risk filing flags reliance on third parties for components and manufacturing. That is the structural hole the Intel rumor fills. Intel, meanwhile, has stacked partners: a multiyear Google collaboration on Xeon and custom IPUs, a Terafab seat alongside SpaceX and xAI."
Apple achieved a record $111.18 billion in revenue for the March quarter, primarily due to the iPhone 17, which generated $56.99 billion. Services revenue also reached an all-time high of $30.98 billion. Intel reported $13.58 billion in revenue, with significant growth in Data Center and AI sectors. Despite a GAAP loss due to restructuring, Intel's non-GAAP EPS exceeded expectations. Both companies are exploring partnerships, with Apple considering Intel and Samsung for chip supply, highlighting their respective strengths and challenges in the tech ecosystem.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]