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Apple Has First Earnings Decline In More Than A Decade (go.com)
An anonymous reader writes: Apple has announced its first-ever decline in revenue in the past 13 years as its iPhone sales have slowed down. Apple posted quarterly revenue of $50.6 billion and quarterly net income of $10.5 billion. Last year, the company posted revenue of $58 billion and net income of $13.6 billion. The reason Apple has been so successful is because of the iPhone, which was first released in 2007. What goes up must come down -- and we're starting to see that now. The success of the iPhone is starting plateau and ultimately decrease now that consumers are finding less of a reason to upgrade to the latest and greatest smartphone. Apple CEO Tim Cook pointed to weakening currencies worldwide as one of the obstacles the company would face as iPhone sales were up less than 1 percent year-over-year last quarter. Gene Munster, managing director and senior research analyst at Piper Jaffray, told ABC News, "This has been anticipated for three months now. The reason is nothing [that] is wrong with the iPhone." Munster said this is not worrisome to Apple and that iPhone sales will likely increase by the end of the year when the next iPhone(s) is released.
Apple is one giant bubble that's starting to pop. I'm amazed at how many people are totally in love with Apple and are incapable of seeing things objectively. It's like investment decisions are all being made by Apple fanbois.
I was an Apple fanboy as a kid but I have to say in the past few years their interface is getting absolutely awful.
Sure it looks nice, but they've gone so far towards simplicity it's becoming unusable if you ever stray the tiniest bit off their standard use-case.
On my Android I have a button to bring up a configuration screen for any application, for iOS it's a mystery for each app.
My mother's iPad stopped ringing on incoming calls. Why? I haven't the foggiest idea.
I wanted to print to file from her iPad, it turned out to be hidden in some unlabelled button in an unlabelled expander.
The OS X seems to have gone to a model of zero feedback.
My laptop bugged me to upgrade to El Capitan, I clicked download, the download button greyed out, and I never got another piece of feedback. I don't know if it's downloading, downloaded, or simply stuck. I'm guessing it failed because the same thing happened a few months earlier. Same with importing photos from Mail to iPhoto, click to import, and no feedback, no idea if they imported or not, or to where.
I don't know what's gotten into their coolaid but I wouldn't consider them to be remotely user friendly. My Linux boxes much more usable and easy to troubleshoot when there is a problem.
I stole this Sig
Apple's earnings came with the line: " The company currently holds $233 billion in cash and marketable securities ".
Holy hell, that's a stupid amount of cash in hand to have at your disposal.
What's Tesla worth right now?
I'd love to see Musk team up with Cook as he's the closest living thing to Jobs.
Sure there's a lot of Tesla lovers who hate Apple but I'll bet there's a shit load more Apple fans who'd buy a Tesla if it had an Apple on it's ass.
It's not just the cars, I love Tesla's entry into the home power market with their wall mounted batteries.
If you want disruption you need to get into some new markets. 10 years ago Apple didn't sell phones.
Computing devices have almost reached commodity stagnation. The App market has been and gone.
There's so much going on in power, renewables and the changing global weather patterns.
Believe in global warming or not this area provides a huge marketing opportunity.
In the last keynote that talked very briefly about the "new Mac mini", they listed some bullet points:
- 4th-gen Intel Core processors
- Intel Iris and HD Graphics 5000
- PCIe-based flash storage
- 802.11ac Wi-Fi
- Two Thunderbolt 2 ports
Imagine my surprise when the low-end model was only running at 1.4GHz, but my complete shock that not all models had PCIe-based flash storage. In fact, the low-end and mid-range models not only have a much slower hard disk drive but they're slow 5400-rpm drives.
For the prices that Apple are asking for the Mac minis, the low-end should have come with 128GB, the mid-range with 256GB and the high-end with 512GB.
There's also another Keynote when they introduced an update to one of their existing laptops and they started with buzzwords like "cutting edge" or "revolutionary" but then the main feature was that it was a bit thinner than the previous model. This is completely useless, we are at a point where there is no benefit at all to making things thinner. The size should stay the same and they should increase battery life, CPU and GPU power, put more RAM in the damn things, etc.