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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
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
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
Stock trading takes a strong stomach
Next time, try investing your money instead of gambling with it. You had $15K to invest and you put all your eggs in one basket? Hope you've learned about diversification since then.
I live ze unknown. I love ze unknown. I am ze unknown.
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 explains nothing. Let me lay out the numbers for you.
In Q1 2016, Apple made $75.872 billion in a 13 week period or around $ 5.836 billion a week. In Q1 2017, Apple made $78.361 billion in 14 weeks or $5.597 billion per week. A difference of $2.489 billion year over year or a 4% decline in average weekly revenue.
As far as iPhones, they sold around 3.971 million units a week in 2016 and only 3.884 million units a week in 2017, or a decline of around 2%.
Then there's the quarterly earnings per diluted share which did you need to put in context of the buybacks Apple made during 2016. Apple repurchased 167.567 million shares of 5257.816 million outstanding or around 3.18%. Diluted earnings per share for Q1 2016 was $3.28 and Q1 2017 was $3.36 or a difference of 2.43, showing yet another hidden decline.
All of the fluffy language such as "record setting earnings per share" are all meant to throw you off from the truth. Ghoul's quick numbers seem to pan out across the details in the earnings documents.
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.