Month: April 2024
Tesla Fires Charger Team Amid Hundreds of Layoffs
The carmaker dismissed hundreds of employees in a unit that was critical to its success and seen as important to the future of electric vehicle sales in the United States.
The carmaker dismissed hundreds of employees in a unit that was critical to its success and seen as important to the future of electric vehicle sales in the United States.
Google fired a software engineer over an anti-war demonstration — he says he wasn’t even protesting
Illustration: The Verge
A software engineer who was fired from Google in connection to internal protests at the company’s offices says the company retaliated against him for merely watching the demonstration against an Israeli defense contract.
The former employee, who asked to remain anonymous, said he went to the lounge on the 10th floor of Google’s New York City office around lunchtime to check out the protest.
“When I got there, there were probably 20-ish people sitting on the floor. I didn’t talk to any of them, I talked to folks who were standing up, passing out flyers, doing other roles,” he said, adding that the protesters were wearing matching T-shirts.
The worker then went back to his desk before returning to the protest around 5PM. “I chatted with them for maybe four minutes, like, ‘Oh my gosh, you’re still sitting here! How’s it going?’” he said. Then, he finished the workday from a nearby couch. The worker says he returned to Google the following day without incident. That night, while at dinner, he got an email from Google saying he had been terminated.
“I think it’s all part of this bigger context of Google cracking down on workers having a voice,” said the former employee, who worked at Google for almost three years and was part of the Alphabet Workers Union leadership. (The Alphabet Workers Union is a non-contract union, meaning it hasn’t been recognized by the NLRB.)
Google initially put nine employees on administrative leave for occupying its offices in New York City and Sunnyvale, California, in protest of Project Nimbus, a $1.2 billion cloud computing contract with the Israeli government. Those workers were also arrested. The company then fired 28 employees in connection with the protests. In an internal memo to staff, Chris Rackow, Google’s head of global security, said the company would take further action if needed.
“The overwhelming majority of our employees do the right thing,” Rackow’s statement read. “If you’re one of the few who are tempted to think we’re going to overlook conduct that violates our policies, think again. The company takes this extremely seriously, and we will continue to apply our longstanding policies to take action against disruptive behavior — up to and including termination.”
Less than a week later, Google fired more than 20 other employees, some of whom said they hadn’t participated in the protests at all.
In a statement to The Verge, Google spokesperson Bailey Tomson said the company investigated the “physical disruption inside our buildings on April 16, looking at additional details provided by coworkers who were physically disrupted” to determine which workers had been involved.”
But the software engineer who was fired says he was never contacted by HR or asked whether he had actually been involved in the protests. “They didn’t even reach out to me,” he said. “This was a total shock; I had no hint that this was coming.”
The software engineer who was fired says he was never contacted by HR or asked whether he had actually been involved in the protests
The worker said that while he was watching the protest, a security guard approached him and others in the lounge and asked to see their Google badges to make sure there were no outside participants. “It didn’t even occur to me that I shouldn’t show him my badge. He’s the security guard in the place that I work, and I was doing nothing wrong,” the worker said.
More than 50 workers who were fired by Google in connection with protests over the company’s ties to the Israeli government filed a complaint with the National Labor Relations Board on Monday. The workers have alleged unlawful retaliation and are asking for their jobs back, according to an emailed statement from No Tech For Apartheid, the group that organized the protests.
Google “retaliated against approximately 50 employees and interfered with their Section 7 rights by terminating and/or placing them on administrative leave in response to their protected concerted activity, namely, participation (or perceived participation) in a peaceful, non-disruptive protest that was directly and explicitly connected to their terms and conditions of work,” the complaint reads.
Jane Chung, a spokesperson for No Tech For Apartheid, previously told The Verge that the firings included “non-participating bystanders.” Google disputes this. Tomson, the Google spokesperson, told The Verge that all of the workers who were fired were “personally and definitively involved in disruptive activity inside our buildings.”
This is a marked departure from the way Google has handled employee dissent in the past. In 2018, more than 600 Google workers signed an open letter opposing Project Dragonfly, an effort to build a search engine for China. As The Verge reported at the time, the petition began with an internally shared Google Doc, and all subsequent steps were also organized using Google products. Employees also urged Google to drop Project Maven, its contract with the US Department of Defense. That same year, over 20,000 Google employees staged a walkout in protest of the company’s handling of sexual harassment allegations against executives.
Meredith Whittaker, a program manager at Google who helped organize the 2018 walkout, left the company in 2019 of her own volition. In 2019, workers also held a sit-in protesting alleged retaliation against their colleagues who had spoken out.
“There’s been a total change in the way Google responds to employees trying to have a voice in their workplace,” the fired software engineer said. “It’s night and day from the Google of even five, 10 years ago.”
Illustration: The Verge
A software engineer who was fired from Google in connection to internal protests at the company’s offices says the company retaliated against him for merely watching the demonstration against an Israeli defense contract.
The former employee, who asked to remain anonymous, said he went to the lounge on the 10th floor of Google’s New York City office around lunchtime to check out the protest.
“When I got there, there were probably 20-ish people sitting on the floor. I didn’t talk to any of them, I talked to folks who were standing up, passing out flyers, doing other roles,” he said, adding that the protesters were wearing matching T-shirts.
The worker then went back to his desk before returning to the protest around 5PM. “I chatted with them for maybe four minutes, like, ‘Oh my gosh, you’re still sitting here! How’s it going?’” he said. Then, he finished the workday from a nearby couch. The worker says he returned to Google the following day without incident. That night, while at dinner, he got an email from Google saying he had been terminated.
“I think it’s all part of this bigger context of Google cracking down on workers having a voice,” said the former employee, who worked at Google for almost three years and was part of the Alphabet Workers Union leadership. (The Alphabet Workers Union is a non-contract union, meaning it hasn’t been recognized by the NLRB.)
Google initially put nine employees on administrative leave for occupying its offices in New York City and Sunnyvale, California, in protest of Project Nimbus, a $1.2 billion cloud computing contract with the Israeli government. Those workers were also arrested. The company then fired 28 employees in connection with the protests. In an internal memo to staff, Chris Rackow, Google’s head of global security, said the company would take further action if needed.
“The overwhelming majority of our employees do the right thing,” Rackow’s statement read. “If you’re one of the few who are tempted to think we’re going to overlook conduct that violates our policies, think again. The company takes this extremely seriously, and we will continue to apply our longstanding policies to take action against disruptive behavior — up to and including termination.”
Less than a week later, Google fired more than 20 other employees, some of whom said they hadn’t participated in the protests at all.
In a statement to The Verge, Google spokesperson Bailey Tomson said the company investigated the “physical disruption inside our buildings on April 16, looking at additional details provided by coworkers who were physically disrupted” to determine which workers had been involved.”
But the software engineer who was fired says he was never contacted by HR or asked whether he had actually been involved in the protests. “They didn’t even reach out to me,” he said. “This was a total shock; I had no hint that this was coming.”
The worker said that while he was watching the protest, a security guard approached him and others in the lounge and asked to see their Google badges to make sure there were no outside participants. “It didn’t even occur to me that I shouldn’t show him my badge. He’s the security guard in the place that I work, and I was doing nothing wrong,” the worker said.
More than 50 workers who were fired by Google in connection with protests over the company’s ties to the Israeli government filed a complaint with the National Labor Relations Board on Monday. The workers have alleged unlawful retaliation and are asking for their jobs back, according to an emailed statement from No Tech For Apartheid, the group that organized the protests.
Google “retaliated against approximately 50 employees and interfered with their Section 7 rights by terminating and/or placing them on administrative leave in response to their protected concerted activity, namely, participation (or perceived participation) in a peaceful, non-disruptive protest that was directly and explicitly connected to their terms and conditions of work,” the complaint reads.
Jane Chung, a spokesperson for No Tech For Apartheid, previously told The Verge that the firings included “non-participating bystanders.” Google disputes this. Tomson, the Google spokesperson, told The Verge that all of the workers who were fired were “personally and definitively involved in disruptive activity inside our buildings.”
This is a marked departure from the way Google has handled employee dissent in the past. In 2018, more than 600 Google workers signed an open letter opposing Project Dragonfly, an effort to build a search engine for China. As The Verge reported at the time, the petition began with an internally shared Google Doc, and all subsequent steps were also organized using Google products. Employees also urged Google to drop Project Maven, its contract with the US Department of Defense. That same year, over 20,000 Google employees staged a walkout in protest of the company’s handling of sexual harassment allegations against executives.
Meredith Whittaker, a program manager at Google who helped organize the 2018 walkout, left the company in 2019 of her own volition. In 2019, workers also held a sit-in protesting alleged retaliation against their colleagues who had spoken out.
“There’s been a total change in the way Google responds to employees trying to have a voice in their workplace,” the fired software engineer said. “It’s night and day from the Google of even five, 10 years ago.”
Microsoft confirms date for Xbox Games Showcase in June
Microsoft has confirmed the date for its Xbox Games Showcase in June, which will be followed immediately by a dedicated… Continue reading Microsoft confirms date for Xbox Games Showcase in June
The post Microsoft confirms date for Xbox Games Showcase in June appeared first on ReadWrite.
Microsoft has confirmed the date for its Xbox Games Showcase in June, which will be followed immediately by a dedicated Direct on a mystery title.
On June 9, 2024, the showcase will get underway at 10am Pacific / 1pm Eastern / 6pm UK. There’s no other information about the reveal event, other than the implicit reminder that Microsoft’s video games operation comprises Xbox Game Studios, Activision Blizzard, and Bethesda Game Studios.
As detailed on Xbox Wire, a “Redacted” teaser was shown which included the image of a Wolf Head. That could well be a clue for the upcoming Call of Duty release but more on that will follow with the Direct.
Black Ops Gulf War is lined up as the 2024 sequel of Call of Duty with Treyarch leading on development.
Here is everything we know on Call of Duty Black Ops Gulf War
We’re going to be talking about games of course
Tune in to the Xbox Games Showcase followed by [REDACTED] Direct on Sunday, June 9 @ 10am PT: https://t.co/z78G8h75r2 | #XboxShowcase pic.twitter.com/XgOGJy2gLv
— Xbox (@Xbox) April 30, 2024
What is Microsoft set to reveal in the Xbox Games Showcase in June?
Microsoft was bold with the content it is teasing in the additional Direct, including the comparison to 2023’s Starfield Direct, which set the table for the highly antipated sci-fi role-playing game that landed the following September,
“We’ll be airing a special deep dive into the next installment of a beloved franchise,” Xbox said. “We can’t say much, so for now we’ll call it the Xbox Games Showcase followed by [REDACTED] Direct.”
Previously, Call of Duty news has been delivered in the summer months, which would also fit in with news from Activision Blizzard. Remember that wolf head we saw in the teaser? CoD fan age CharlieIntel has highlighted the three wolf heads image that featured in the announcement call for Call of Duty: Modern Warfare 3.
What else will be revealed?
Starfield’s Shattered Space expansion seems very likely to appear. Other games in development include Indiana Jones and the Great Circle (Bethesda Softworks), and Rare adventure Everwild. There is also Senua’s Saga: Hellblade 2 and Avowed to consider, maybe even Ara: History Untold and Visions of Mana.
In any case, all will be revealed on June 9.
Image credit: Xbox/X
The post Microsoft confirms date for Xbox Games Showcase in June appeared first on ReadWrite.
AWS S3 storage bucket with unlucky name nearly cost developer $1,300
Amazon says it’s working on stopping others from “making your AWS bill explode.”
If you’re using Amazon Web Services and your S3 storage bucket can be reached from the open web, you’d do well not to pick a generic name for that space. Avoid “example,” skip “change_me,” don’t even go with “foo” or “bar.” Someone else with the same “change this later” thinking can cost you a MacBook’s worth of cash.
Ask Maciej Pocwierz, who just happened to pick an S3 name that “one of the popular open-source tools” used for its default backup configuration. After setting up the bucket for a client project, he checked his billing page and found nearly 100 million unauthorized attempts to create new files on his bucket (PUT requests) within one day. The bill was over $1,300 and counting.
“All this actually happened just a few days after I ensured my client that the price for AWS services will be negligible, like $20 at most for the entire month,” Pocwierz wrote over chat. “I explained the situation is very unusual but it definitely looked as if I didn’t know what I’m doing.”
Tesla layoffs hit Supercharger team just as it’s poised to take over EV charging
Photo: Genaro Molina / Los Angeles Times via Getty Images
Tesla was on the cusp of taking over electric vehicle charging in the US — then, the layoffs came.
Today, multiple outlets reported that the company has laid off hundreds of employees, just weeks after cutting 10 percent (approximately 14,000 people) of its global workforce. Tesla’s Supercharger division was said to be particularly hard hit, with several soon-to-be-former employees saying that close to the entire team had been cut.
According to The Information, Rebecca Tinucci, Tesla’s senior director of EV charging, is leaving the company, alongside most of the 500-person team she oversaw. Tinucci oversaw the effort to win near universal support from other automakers for Tesla’s North American Charging Standard (NACS), an enormous feat that earned her a spot on the “TIME100 Climate” list and MotorTrend’s “Power List,” as noted by Electrek.
Tesla’s Supercharger division was said to be particularly hard hit
Things started rolling in November 2022, when Tesla announced that it was opening up its EV charging plug and network to other automakers. The idea was to give the rest of the industry access to Tesla’s more reliable Supercharger stations at a time when EV charging is a dicey and precarious proposition — while also enabling the company to access billions of dollars in federal funding for future charging infrastructure.
Ford came first, then GM, and then everyone else. Most recently, two global automakers, Volkswagen Group and Stellantis, were the latest — and last — to say they would adopt Tesla’s charging standard for their future EVs.
Tesla’s decision to lay off nearly its entire Supercharger team at its moment of triumph could signal a shift in strategy. For example, Electrek also reported that the company was pulling out of four leases for new charging stations in the New York City area. But those who were affected by today’s cuts said they were blindsided by the news.
Confirmed – @Tesla @elonmusk has let our entire charging org go. What this means for the charging network, NACS, and all the exciting work we were doing across the industry, I don’t yet know. What a wild ride it has been.— willjameson (@willjameson) April 30, 2024
“Wow, this is real. I can’t confirm 100% that the entire #TeslaCharging org has been laid off, but my team and I certainly have been,” William Navarro Jameson, strategic charging programs lead, wrote on his LinkedIn profile. “As I try to piece together anything more I will share what I can.”
Jameson later wrote on X that “@elonmusk has let our entire charging org go,” adding that the layoffs present “a unique opportunity for the industry to capitalize on the newly available talent and expertise in the space.”
“If Tesla is yielding the charging crown,” he added, “who will step up?”
George Bahadue, senior manager of site acquisition and business development for Tesla’s commercial charging program, also said on LinkedIn that he had been laid off. “To the Supercharger team, this is not the end, it is the start of a new chapter,” he wrote.
“If Tesla is yielding the charging crown, who will step up?”
Tesla’s Supercharger network is widely recognized as superior to many of the third-party EV charging stations, most of which feature CCS plugs and the less-utilized CHAdeMO charging standard. The company says it has 45,000 Superchargers worldwide, 12,000 of which are located in the US.
In its most recent earnings report, Tesla said it installed 6,249 Supercharger stations, which include 57,579 connectors, during the first three months of 2024. Station installations were up 26 percent year over year, while the number of connectors was up 27 percent. It was a rare area of growth for the company, which has seen its sales and profits fall since last year as demand for EVs cools down.
EV charging remains a sore point for the entire industry, with numerous surveys citing consumer anxiety about the state of charging in the US. With better, more reliable charging, many have theorized that EV adoption would improve significantly.
During that earnings call, Elon Musk paid short shrift to Tesla’s automotive business, preferring to aggressively tout the company’s newfound status as an AI venture and promote its efforts to produce a fully autonomous robotaxi. The future is bright, he insisted, because Tesla is going to “solve autonomy.”
The number of times EV charging or Tesla’s Superchargers came up during the one-hour call? Zero.
Photo: Genaro Molina / Los Angeles Times via Getty Images
Tesla was on the cusp of taking over electric vehicle charging in the US — then, the layoffs came.
Today, multiple outlets reported that the company has laid off hundreds of employees, just weeks after cutting 10 percent (approximately 14,000 people) of its global workforce. Tesla’s Supercharger division was said to be particularly hard hit, with several soon-to-be-former employees saying that close to the entire team had been cut.
According to The Information, Rebecca Tinucci, Tesla’s senior director of EV charging, is leaving the company, alongside most of the 500-person team she oversaw. Tinucci oversaw the effort to win near universal support from other automakers for Tesla’s North American Charging Standard (NACS), an enormous feat that earned her a spot on the “TIME100 Climate” list and MotorTrend’s “Power List,” as noted by Electrek.
Things started rolling in November 2022, when Tesla announced that it was opening up its EV charging plug and network to other automakers. The idea was to give the rest of the industry access to Tesla’s more reliable Supercharger stations at a time when EV charging is a dicey and precarious proposition — while also enabling the company to access billions of dollars in federal funding for future charging infrastructure.
Ford came first, then GM, and then everyone else. Most recently, two global automakers, Volkswagen Group and Stellantis, were the latest — and last — to say they would adopt Tesla’s charging standard for their future EVs.
Tesla’s decision to lay off nearly its entire Supercharger team at its moment of triumph could signal a shift in strategy. For example, Electrek also reported that the company was pulling out of four leases for new charging stations in the New York City area. But those who were affected by today’s cuts said they were blindsided by the news.
Confirmed – @Tesla @elonmusk has let our entire charging org go. What this means for the charging network, NACS, and all the exciting work we were doing across the industry, I don’t yet know. What a wild ride it has been.
— willjameson (@willjameson) April 30, 2024
“Wow, this is real. I can’t confirm 100% that the entire #TeslaCharging org has been laid off, but my team and I certainly have been,” William Navarro Jameson, strategic charging programs lead, wrote on his LinkedIn profile. “As I try to piece together anything more I will share what I can.”
Jameson later wrote on X that “@elonmusk has let our entire charging org go,” adding that the layoffs present “a unique opportunity for the industry to capitalize on the newly available talent and expertise in the space.”
“If Tesla is yielding the charging crown,” he added, “who will step up?”
George Bahadue, senior manager of site acquisition and business development for Tesla’s commercial charging program, also said on LinkedIn that he had been laid off. “To the Supercharger team, this is not the end, it is the start of a new chapter,” he wrote.
Tesla’s Supercharger network is widely recognized as superior to many of the third-party EV charging stations, most of which feature CCS plugs and the less-utilized CHAdeMO charging standard. The company says it has 45,000 Superchargers worldwide, 12,000 of which are located in the US.
In its most recent earnings report, Tesla said it installed 6,249 Supercharger stations, which include 57,579 connectors, during the first three months of 2024. Station installations were up 26 percent year over year, while the number of connectors was up 27 percent. It was a rare area of growth for the company, which has seen its sales and profits fall since last year as demand for EVs cools down.
EV charging remains a sore point for the entire industry, with numerous surveys citing consumer anxiety about the state of charging in the US. With better, more reliable charging, many have theorized that EV adoption would improve significantly.
During that earnings call, Elon Musk paid short shrift to Tesla’s automotive business, preferring to aggressively tout the company’s newfound status as an AI venture and promote its efforts to produce a fully autonomous robotaxi. The future is bright, he insisted, because Tesla is going to “solve autonomy.”
The number of times EV charging or Tesla’s Superchargers came up during the one-hour call? Zero.
Apple Releases New Firmware for USB-C Apple Pencil
Apple today released a firmware update for the USB-C Apple Pencil that came out last year. The new firmware has a version number of 10M6060, up from 10M5164. On device, the updated firmware version number will be 37377.37377.16.0.
There is no word on what features, fixes, or updates might be included in the new firmware, and Apple does not offer release notes for Apple Pencil software releases.
The USB-C Apple Pencil is nearly identical in design to the Apple Pencil 2, but it is shorter and has a hidden USB-C port for charging and pairing. It cannot wirelessly charge, and it lacks some of the features available with the more expensive Apple Pencil models such as pressure sensitivity.
Apple does not have an established procedure for updating Apple Pencil hardware, but in the case of the USB-C Apple Pencil, connecting it to an iPad with a USB-C cable and powering on the iPad should be enough to spur the update to download.Tag: Apple PencilRelated Forum: iPad AccessoriesThis article, “Apple Releases New Firmware for USB-C Apple Pencil” first appeared on MacRumors.comDiscuss this article in our forums
Apple today released a firmware update for the USB-C Apple Pencil that came out last year. The new firmware has a version number of 10M6060, up from 10M5164. On device, the updated firmware version number will be 37377.37377.16.0.
There is no word on what features, fixes, or updates might be included in the new firmware, and Apple does not offer release notes for Apple Pencil software releases.
The USB-C Apple Pencil is nearly identical in design to the Apple Pencil 2, but it is shorter and has a hidden USB-C port for charging and pairing. It cannot wirelessly charge, and it lacks some of the features available with the more expensive Apple Pencil models such as pressure sensitivity.
Apple does not have an established procedure for updating Apple Pencil hardware, but in the case of the USB-C Apple Pencil, connecting it to an iPad with a USB-C cable and powering on the iPad should be enough to spur the update to download.
This article, “Apple Releases New Firmware for USB-C Apple Pencil” first appeared on MacRumors.com
Discuss this article in our forums
Supreme Court Declines To Block Texas Porn Restriction
The Supreme Court on Tuesday refused to block on free speech grounds a provision of Texas law aimed at preventing minors from accessing pornographic content online. From a report: The justices turned away a request made by the Free Speech Coalition, a pornography industry trade group, as well as several companies. The challengers said the 2023 law violates the Constitution’s First Amendment by requiring anyone using the platforms in question, including adults, to submit personal information.
One provision of the law, known as H.B. 1181, mandates that platforms verify users’ ages by requiring them to submit information about their identities. Although the law is aimed at limiting children’s access to sexually explicit content, the lawsuit focuses on how those measures also affect adults. “Specifically, the act requires adults to comply with intrusive age verification measures that mandate the submission of personally identifying information over the internet in order to access websites containing sensitive and intimate content,” the challengers wrote in court papers.
Read more of this story at Slashdot.
The Supreme Court on Tuesday refused to block on free speech grounds a provision of Texas law aimed at preventing minors from accessing pornographic content online. From a report: The justices turned away a request made by the Free Speech Coalition, a pornography industry trade group, as well as several companies. The challengers said the 2023 law violates the Constitution’s First Amendment by requiring anyone using the platforms in question, including adults, to submit personal information.
One provision of the law, known as H.B. 1181, mandates that platforms verify users’ ages by requiring them to submit information about their identities. Although the law is aimed at limiting children’s access to sexually explicit content, the lawsuit focuses on how those measures also affect adults. “Specifically, the act requires adults to comply with intrusive age verification measures that mandate the submission of personally identifying information over the internet in order to access websites containing sensitive and intimate content,” the challengers wrote in court papers.
Read more of this story at Slashdot.
What to Expect From Apple’s Earnings Report This Week Following Vision Pro Launch
Apple will report its earnings results for the second quarter of its 2024 fiscal year on Thursday, May 2 at 1:30 p.m. Pacific Time. Apple’s CEO Tim Cook and CFO Luca Maestri will discuss the results on a conference call with analysts a half hour later.
Keep reading for some key things to know about the quarter, including a recap of new products announced, revenue expectations, and more.
New Products During Quarter
The quarter ran from December 31, 2023 through March 30, 2024, according to Apple’s fiscal calendar. The following products launched during this period:Apple Vision Pro
13-inch MacBook Air with M3 chip
15-inch MacBook Air with M3 chipRevenue Expectations
Apple has not provided formal revenue guidance since before the COVID-19 pandemic, but the average Wall Street estimate for Apple’s second quarter revenue is $90 billion, according to Zacks Investment Research. This would be around a 5% decline compared to the $94.8 billion revenue the company reported in the year-ago quarter.
Maestri provided the following commentary on Apple’s earnings call last quarter:As a reminder, in the December quarter a year ago, we faced significant supply constraints on the iPhone 14 Pro and 14 Pro Max due to COVID-19 factory shutdowns. And in the March quarter a year ago, we were able to replenish channel inventory and fulfill significant pent-up demand from the constraints. We estimate that this impact added close to $5 billion to the March quarter’s total revenue last year. When we remove this impact from last year’s revenue, we expect both our March quarter total company revenue and iPhone revenue to be similar to a year ago.Conference Call
Cook and Maestri will hold a conference call at 2:00 p.m. Pacific Time on Thursday to discuss the company’s quarterly earnings results. The call should last around one hour, and it will include a Q&A segment with analysts.
A live audio stream of the conference call will be available on Apple’s Investor Relations page, and a recording will be available later in the day for replay.
What’s Next
Apple’s current quarter runs through June 29. Apple has yet to announce any new products during the quarter, but it is expected to unveil new versions of the iPad Pro, iPad Air, Apple Pencil, and Magic Keyboard at its “Let Loose” event on May 7.
AAPL is trading above $172 as of writing, down from a 52-week high of $199.62.Tags: Earnings, AAPLThis article, “What to Expect From Apple’s Earnings Report This Week Following Vision Pro Launch” first appeared on MacRumors.comDiscuss this article in our forums
Apple will report its earnings results for the second quarter of its 2024 fiscal year on Thursday, May 2 at 1:30 p.m. Pacific Time. Apple’s CEO Tim Cook and CFO Luca Maestri will discuss the results on a conference call with analysts a half hour later.
Keep reading for some key things to know about the quarter, including a recap of new products announced, revenue expectations, and more.
New Products During Quarter
The quarter ran from December 31, 2023 through March 30, 2024, according to Apple’s fiscal calendar. The following products launched during this period:Apple Vision Pro
13-inch MacBook Air with M3 chip
15-inch MacBook Air with M3 chip
Revenue Expectations
Apple has not provided formal revenue guidance since before the COVID-19 pandemic, but the average Wall Street estimate for Apple’s second quarter revenue is $90 billion, according to Zacks Investment Research. This would be around a 5% decline compared to the $94.8 billion revenue the company reported in the year-ago quarter.
Maestri provided the following commentary on Apple’s earnings call last quarter:As a reminder, in the December quarter a year ago, we faced significant supply constraints on the iPhone 14 Pro and 14 Pro Max due to COVID-19 factory shutdowns. And in the March quarter a year ago, we were able to replenish channel inventory and fulfill significant pent-up demand from the constraints. We estimate that this impact added close to $5 billion to the March quarter’s total revenue last year. When we remove this impact from last year’s revenue, we expect both our March quarter total company revenue and iPhone revenue to be similar to a year ago.
Conference Call
Cook and Maestri will hold a conference call at 2:00 p.m. Pacific Time on Thursday to discuss the company’s quarterly earnings results. The call should last around one hour, and it will include a Q&A segment with analysts.
A live audio stream of the conference call will be available on Apple’s Investor Relations page, and a recording will be available later in the day for replay.
What’s Next
Apple’s current quarter runs through June 29. Apple has yet to announce any new products during the quarter, but it is expected to unveil new versions of the iPad Pro, iPad Air, Apple Pencil, and Magic Keyboard at its “Let Loose” event on May 7.
AAPL is trading above $172 as of writing, down from a 52-week high of $199.62.
This article, “What to Expect From Apple’s Earnings Report This Week Following Vision Pro Launch” first appeared on MacRumors.com
Discuss this article in our forums