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Apple Sets a New Record For iPhone Sales (theverge.com)
Apple has reported strong financial results for the first quarter of 2017. According to CEO Tim Cook, the "holiday quarter results generated Apple's highest quarterly revenue ever, and broke multiple records along the way." The company took in $78.4 billion in revenue and sold 78 million iPhones. The Verge reports: Apple reported a profit of $17.8 billion, and said its earnings per share were boosted by the high demand for the larger models of its iPhones, which have higher margins. On the earnings call, Chief financial officer Luca Maestri said that customer satisfaction with iPads, and the new iPad pro, was very high. He predicted strong growth in that category. But the sales figures don't reflect that optimism, with unit sales and revenue from iPad both down around 20 percent year over year. With over a billion iOS devices active around the world, Apple has been able to shore up its flagging hardware sales growth with an increase in revenue from services to those devices. This includes money from Apple Pay, iCloud storage, Apple Music, and App Store sales. It was by far the fastest-growing segment of Apple's revenue this quarter, climbing 18 percent to $7.17 billion since the same period last year. Cook said Apple is aiming to double service revenue over the next four years. Maestri said Apple's App Store had double the revenue of Google's Play Store in 2016. Apple has more than $200 billion in cash parked overseas. Cook said on today's call that he was optimistic about tax reform in the U.S. happening this year, and that this might allow Apple to bring a lot of that money back home. "With our toe in the water, we're learning a lot about the original content business," Cook said, hinting at one way Apple might deploy all that capital.
According to slashdot, the iPhone 7 should have failed, just like the iPod.
I thought everyone NEEDED a headphone jack and this OBVIOUSLY AWFUL change that EVERYONE IN THE WORLD HATES was going to DOOM APPLE.
Time marches ever forward. People use the headphones in the box. Apple sells a zillion phones. Plus ça change, plus c'est la même chose.
Has anybody thought that maybe Samsung was trying to make a new form of Internal Combustion Engine?
Good now maybe they will pay their contractors more than 74 Dollars an hour.
Where do you get that info from? There is no way Apple has a cap that low on contractors or they wouldn't have any willing to work for them.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
This article from MarketWatch talks about a 30-something who was going big or going broke betting on Apple's earnings. In his case he had been listening and posting to the Reddit forum dealing with stock trading. At one point in time he had amassed a small fortune but was reduced to a mere $240,000 which he was placing on his final bet that Apple would substantially miss its earnings and as a result, Apple's stock price would take a nosedive. He had bought options for such an event which would net him millions if the trade played out.
Fast forward to today's announcement and he's pretty much wiped out. Not totally since he was doing some other options trading to try and cover some of his bet, but on the whole, he lost it all.
It will be interesting to see what happens next.
Would be fucking awesome if everybody stuck to being snide about electronics/technology instead of politics. I'm really rather over it. I don't care who you voted for. I don't care who you think is racist or isn't. I want to know your opinion about Hardware and Software and that's all i really care to know about random people on a tech blog/forum whatever you choose to call it. The people like you are ruining what used to be a good site for tech information. Just so you can slide the door of your glass house open and throw rocks at your neighbor, who incidentally have at least some of the same interests as you. But you don't care because you want to call somebody else a moron for who they voted for. There are places you can go as ape-shit as you want on other political parties. Slashdot shouldn't be one of them!
Sometime soon, I swear.
The company is balanced on a tiny wire, with all its appeal based on fashion and the whims of teenagers, and soon it will trip over itself, and totally bungle it's designs and delivery, on such an epic scale that the whole business will collapse like a soufflé and the stock will tank and huge layoffs will happen and everyone will walk away. And that prediction of demise that I made fifteen years ago will be COMPLETELY ACCURATE. The fact that they've had the most profitable year of any company in recorded history is just another nail in the coffin; you'll see...
I'm sure this has nothing at all to do with the Note 7 exploding
Why would it? Maybe some small number moved to Apple as a result, but if someone had an Android phone is it not a lot more likely they would get another Android phone?
good luck making those numbers again.
Good luck would be making more next year. Making the same numbers is kind of blah.
Funny how Apple seems to have years and years and years of "luck".
"There is more worth loving than we have strength to love." - Brian Jay Stanley
It's just like saying Brady wins another Super Bowl.
Happiness in intelligent people is the rarest thing I know.
Ernest Hemingway
The company is balanced on a tiny wire, with all its appeal based on fashion and the whims of teenagers
If that were true Apple would have come and gone, blown away by the whims of fashion as all who walk that write are.
Instead Apple is like a Turtle, a very determined Turtle - not on that wire, but moving forward on solid ground. Many claim the Turtle is slow or lacks fancy features but it always seems to get where it is going despite many attacks that bounce of its pretty shell.. for the strength of the turtle is not in the beauty of the shell, but in the relentless motion forward protected by many layers or hardened experience from those that would attempt to stop it.
You keep hoping, but the turtle keeps moving... you keep waiting for the turtle to fall, but where is it to fall from solid ground?
Meanwhile the turtle finds ever larger ponds to explore, each time you claiming the pond they have found will dry up... that may be true, but the Turtle Moves.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
I once worked a gig where the contract was coming to an end and the manager told me how much the agency charged them for my time. I told them how much I myself got: it was around 1/4 the agency fee. We stood staring at each other in mutual dumfoundedness.
"Damn, we should be in the headhunting biz!"
Table-ized A.I.
Has anybody thought that maybe Samsung was trying to make a new form of Internal Combustion Engine?
Nah, pretty sure they are developing a new skin grafting technique and wanted to jump-start the market.
I browse on +1 so AC's need not respond, I won't see it.
http://www.techinvestornews.co... A fool and his money...
You are of course quite right; the only thing dumber than a geek is a... non-geek.
You're probably right.. Business is Business. "Hay sorry we burnt your leg off but for $10k we can use this new technology that will turn your leg into a Galaxy Note that uses your fingerprint to unlock without a visible scanner!"
Those days are long gone. Nowadays at Apple Infosys and Wipro are actually losing money on the contractors they have on site. They make it up by making 300% on the folks offshore. The business model needs that for every person onsite they have 2 offshore.
They are kind of ectatic about Trump cracking down on H1Bs. They will either get to raise onsite rates with Apple or get to add more people offshore instead on onsite (claiming the lack of available people). Either will improve their bottomline
**Life is too short to be serious**
They paid me this much and charged this much is an argument by workers who fail to understand the proportionate value of having and keeping the customers.
Happiness in intelligent people is the rarest thing I know.
Ernest Hemingway
sadly I think you may be right. Here's hoping Droid companies don't imitate all that shit.
I read somewhere that they were on track to make $3 billion just from Pokemon Go app store sales.
Beware of the Redittor who loans you a Sharpie.
[It would] be fucking awesome if everybody stuck to being snide about electronics/technology instead of politics.
You must be new here. You should prepare for several years of butthurt from all parties. Frankly, I'm looking to the poopflinging that a presidential impeachment will bring!
Anons need not reply. Questions end with a question mark.
no one cares what geeks think and the toys they worship. most people have a life outside of worshiping tech
Apple had a 14 week Quarter as compared to a 13 week quarter and grew revenue 3.9%. So for a 7% longer period a 3.9% higher revenue looks like a drop . No wonder the profit dropped as 14 weeks means 7% more costs but only 3.9% more revenue so profit has to fall.
**Life is too short to be serious**
That's why we go with head-hunters, they (hopefully) do the slimy braggadocios sales for you so that you don't have to wade in the swamp: your own personal Trump.
"So, I hear you are Yuuuuge with MS-DTS!"
Table-ized A.I.
A Pratchett fan I see!
In my day we used to dreaaaaam of having a big gorilla tech company like Microsoft, whose demise we could foretell. We had to content ourselves with big oil, and big coal, and THAT'S if we were LUCKY. Most people had to hate on the auto industry. And those poor buggers were almost proven right!! You kids, with your tech hardware juggernauts and your defense contractors, you don't know easy you have it...
From the conference call Q&A:
"We had the benefit of a 14th week, but this was offset by several factors including less channel fill than last year and a one-time $548 million patent judgment receipt last year."
Why almost nobody here considers the recent Samsung failure as the main reason of this - recent - iPhone success? Headphones vs 3rd degree burns is an easy choice.
Slashdot, fix the reply notifications... You won't get away with it...
If only we could get Matt Drudge interested in iOS, Windows, systemd, Linux, BSD and other tech related stuff, so that those of us sick of the Trump bashing, Chelsea Manning smooching, Russia bashing, Muslim smooching, Right bashing, Left smooching stories here can have somewhere to go
Instead Apple is like a Turtle, a very determined Turtle [...] the Turtle Moves.
Does this turtle move with FD 50 RT 90? It used to.
According to the BBC the iPhone 7 is only making up about 17% of iPhone sales. In other words 83% of people want one with a headphone jack.
What we need are US like-for-like sales numbers, showing US only sales compared to the iPhone 6S at the same time last year. For some reason those don't seem to have been released.
const int one = 65536; (Silvermoon, Texture.cs)
SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
Great now can they pay the €14bn taxes they owe the Irish Government?
Build a Man a Fire, and He'll Be Warm for a Day. Set a Man on Fire, and He'll Be Warm for the Rest of His Life.
No ive been coming here off and on since about 03 or 04 but actually used to like it and spend time reading alot here. But ive noticed this bullshit is driving all of the good members away. and just attracting fucktards. Its sad to see. Social media ruined the internet.
Apple's fiscal year starts 4th calendar quarter.
Those numbers are speculation, and you should probably be able to guess that they're bad or incomplete speculation by the ASP numbers that Apple released. I suspect that at best, the 17% number they cite is for iPhone 7 units and not iPhone 7 Plus.
Also, how would that stack up historically? Is that normal? 17% on its own is a useless number without context.
But it seems incredibly unlikely that Apple would be able to pull down such a monstrous profit by selling the older phones.
Yes
**Life is too short to be serious**
make multinationals actually pay their taxes.
Moderated flamebait? I wonder if my sin was to criticize tax law, or to note Apple exploits it.