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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.
Their primary markets are saturated and they aren't bringing out any must have features on the new iPhones so many people are keeping their existing ones longer. It will get worse if they do go to a three year cycle between major redesigns as it will encourage people to hang onto their phone longer.
I think part of the problem is the drive to make phones thinner all of the time. If manufacturers added battery capacity then they could be adding new functionality or greatly improving the sensitivity of the existing sensors. Heck, just improving the battery life of the phone would cause many people to upgrade.
I see your point and that's fine if you like getting fucked over. I don't so I don't buy iPhones. I don't mind paying a premium for superior equipment but it has to have the features I want. Why in hell would I pay nearly one thousand dollars for a phone that wasn't what I wanted? I've seen many an iPhone 3 years or less old with a swollen case and dead battery. My Samsung S5 original battery still lasts a while but it's not the same after a year and a half and neither is your iPhone. I bought a brand new Samsung battery off Amazon for less than 20 bucks to the door and now my Phone stays charged all day instead of 85 percent of it and I still have the old battery I can use if for some reason I can't get to a charger. Storage depends on usage and a lot of people are happy with 64GB but I like 128 better and the ability to swap out. I crushed my S4 so bad I bent the battery in it but I pulled the SD card and popped it in the new S5 with all my pictures and music on it. Try that with your iPhone. I refuse to buy a phone designed for the manufacturers convenience rather than mine.
I don't know. A lot of companies would like to make 7.8 billion dollars in one quarter. What other computer manufacturer made that kind of money in Q3? Sure, they didn't make the money they did last year but man, look at how stupendous last year was for them. You can't do that every year, it's a tough act to follow.
The problem is that sales are going down for the second or third quarter in a row. Tablet and phone sales across the industry are down. Apple's biggest seller by far is the iPhone and its sales are slumping.
Again, you are ignoring just how well they did last year. Compared to the same Quarter 2 years ago, Apple sold 14.8% more iPhones. IOW, if Apple had sold 9.8 million iPhones less in FQ3 of 2015, we'd be looking at a comfortable climb of 7.1% for this and the previous year's quarter.
Of course news about a fake are Fake News.