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Apple Q3 Earnings: iPhone Sales Continue To Slide, But Apple Beats Estimates (bgr.com)
An anonymous reader quotes a report from BGR: Apple on Tuesday announced fiscal third-quarter earnings of $1.42 per share, or $7.8 billion in net income, on sales totaling $42.4 billion. That compares to a net profit of $1.85 per share in the same quarter last year, while revenue slid from the Q3 record of $49.6 billion that Apple set in fiscal 2015. Ahead of Apple's report, analysts were expecting EPS to come in at $1.39 while revenue was seen dropping to $42.1 billion, right in the middle of Apple's guidance of between $41 billion and $43 billion. iPhone sales in fiscal Q3 2016 totaled 40.4 million units, down from the 47.5 million iPhones the company sold during the June quarter last year, which was also a third-quarter record. Wall Street's consensus for this past quarter was 40 million units. The company said it expects between $45.5 billion and $47.5 billion in sales for the fiscal fourth quarter. The only part of Apple's business that's really growing is its mobile apps and online services. The company reported a 19 percent sales jump for the segment that includes iTunes, Apple Music, the App Store and services like Apple Pay and iCloud storage. "That segment produced nearly $6 billion in sales -- more than Apple pulled in from quarterly sales of either iPad or Macs," reports ABC News.
Microsoft is the new IBM. Apple is the new Microsoft. Google is the new Apple. Facebook is the new Google, but why is a mystery.
"National Security is the chief cause of national insecurity." - Celine's First Law
Because Apple is no longer a computer company. They are a phone/tablet company.
They don't care about their Mac Pro sales unless they can have very high margins, much larger than competing PC makers. That's what the current Mac Pro is, a niche product for all two people out there who need an expensive workstation with professional video cards / CPU but no room for storage.