Apple

- Apple issued $5.5 billion of new debt during the September quarter. - The company repaid $2.8 billion in maturing debt and decreased commercial paper by $1 billion. - Total debt at the end of the quarter was approximately $116 billion. - There is no mention of any new equity fundraising or plans for equity issuance. - The company ended the quarter with $49 billion in cash and marketable securities. - Apple continues to aim for becoming net cash neutral over time. - No explicit future fundraising plans through debt or equity were disclosed in the provided content.

- Capital expenditure (capex) has been fairly stable with good capital intensity. - Key areas of investment include manufacturing facilities, dedicated manufacturing tools, data centers, and office facilities globally. - All capex components are monitored closely with nothing unusual currently expected. - The company is constantly looking for acquisition opportunities, averaging about one acquisition per month in fiscal 2022, focusing on items offering intellectual property or talent. - Cash deployment favors long-term capital return programs; company aims to become cash-neutral over time. - Strong cash flow generation (e.g., $111 billion free cash flow last year) supports continued investments and capital returns to shareholders. - The company expects capex levels to remain stable moving into fiscal 2023, with no significant changes anticipated in overall capital intensity.

- Apple expects decelerating growth in the December quarter compared to the September quarter's 8% year-over-year growth, but still anticipates positive revenue growth despite significant FX headwinds. - The strong U.S. dollar poses a notable challenge, with nearly 10 percentage points of negative year-over-year revenue impact expected from FX. - Mac revenue is predicted to decline substantially year-over-year in the December quarter due to a challenging compare against last year's strong launch cycle. - Services growth will likely moderate due to macroeconomic pressures impacting FX, digital advertising, and gaming. - Despite these headwinds, Apple sees strong demand for iPhone, including record upgraders and switchers, with continued supply constraints on certain models like iPhone 14 Pro and 14 Pro Max. - Emerging markets (e.g., India, Indonesia, Mexico, Vietnam) continue to show strong double-digit growth even in USD terms. - Paid accounts and active installed base growth underpin long-term services potential.

- The company expects a deceleration in revenue growth for the December quarter compared to September, with September growth at 8%, and December likely to be lower, though still positive. - Foreign exchange (FX) headwinds are expected to reduce revenue and gross margin by nearly 10 percentage points year-over-year in the December quarter. - Mac revenue is expected to decline substantially year-over-year in December due to difficult comparisons and FX pressures. - Services growth is expected to slow due to economic environment pressures affecting FX, digital advertising, and gaming. - Gross margin guidance for December quarter is 42.5% to 43.5%, considering inflation and FX impacts. - Operating expenses are projected between $14.7 billion and $14.9 billion. - Operating income & expense (OI&E) expected around negative $300 million, excluding mark-to-market impacts. - Tax rate guidance is approximately 16.5%. - Despite challenges, the company expects continued strong EPS growth over time, supported by operational efficiencies and capital return programs.

- iPhone demand is strong and better than anticipated despite supply constraints, especially on iPhone 14 Pro and Pro Max models, which remain supply-constrained. - The company exited the September quarter below target inventory range for iPhone, indicating healthy demand. - Mac saw its best quarter ever, benefiting from new product launches (MacBook Air and Pro with M2) and fulfilling prior supply constraints by satisfying back orders and channel fill. - Wearables grew 10%, driven by new Apple Watch models (Ultra, Series 8, SE) and new AirPods Pro, with strong demand and some supply constraints for the Apple Watch Ultra. - iPad demand was down 13% year-over-year due to tough comparables from prior launches and supply constraints, but installed base reached an all-time high. - Overall supply constraints eased compared to previous quarters, enabling fulfillment of back orders and channel restocking, particularly for Mac and iPhone. (Note: Specific numeric orderbook or pending order counts are not disclosed.)