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Apple's Shares Rise On Better-Than-Expected iPhone Sales (fortune.com)

Posted by BeauHD on from the strong-sales dept.

Apple reported a 7.2% rise in quarterly revenue on Tuesday, thanks to better-than-expected sales of its iPhones. "The company said iPhone sales rose 1.6% to 41.03 million in the third quarter ended July 1, above analysts' average estimate of 40.7 million units," reports Fortune. "Apple sold 40.4 million iPhones a year earlier." From the report: Apple's shares rose 4% in after-hours trading on Tuesday to $ 156.00. Many customers wait for Apple to launch its new smartphones before deciding on upgrading or replacing their current devices, which usually results in iPhone demand tapering in the months before a release. The company forecast total revenue of between $49 billion and $52 billion for the current quarter, while analysts on average were expecting $49.21 billion, according to Thomson Reuters I/B/E/S. Analysts on average expect the company to sell 45.55 million iPhones in the current quarter, according to FactSet. Apple sold 45.51 million iPhones in the year-ago quarter.

7 of 60 comments (clear)

  1. Also ipads, etc by Camembert · · Score: 5, Informative

    There were a few other interesting tidbits learned from the earnings call:
    - after a long decline, ipad sales were significantly up at 15%, expected to rise more since the new ones were launched in june. Having replaced my early pleiocene ipad 2 with the new pro 10.5, I think that many will agree that it is an excellent tablet.
    - Mac sales were up too
    And more interestingly, looking at the future:
    - Cook expects great success with ARKit.
    - Cook informed that they have a big project ongoing in autonomous systems .

    1. Re:Also ipads, etc by unixisc · · Score: 2

      I think Mac sales are likely to go up, as problems w/ the new Windows 10 sales model becomes more transparent. Like I'm never gonna switch to an annual subscription for the OS. Also, the number of interesting things that can be done on PCs, as opposed to Macs, seems to be dwindling all the time (not counting web based applications)

      I recently upgraded both my iPhone & iPad to models that have 128GB storage, so that I don't have to micro-manage the storage. At this point, no phone or tablet w/ a mere 32GB storage will do: 64GB ought to be the minimum entry level device.

  2. Here's a theory by viperidaenz · · Score: 2

    Perhaps sales haven't tapered off because old shiney does everything that consumers thing new shiney will deliver, so why wait?

    1. Re:Here's a theory by Anonymous Coward · · Score: 2, Informative

      People like to buy phones that get security updates for five years rather than disposable Android shit that you have to throw out after 18 months because an unpatched vulnerability lets the whole planet spy on you.

  3. Everyone is in a rush... by dbialac · · Score: 3, Funny

    to buy a 6S while they can still get a phone with a headphone jack. I just bought one today for that exact reason. Tried a 7, kept wanting to listen to music only to remember, wait, I don't have the adapter on me.

    1. Re:Everyone is in a rush... by Just+Some+Guy · · Score: 3, Funny

      Tried a 7, kept wanting to listen to music only to remember, wait, I don't have the adapter on me.

      ...but forgot to look in the box it came in to find the adapter that it shipped with.

      --
      Dewey, what part of this looks like authorities should be involved?
    2. Re: Everyone is in a rush... by TheFakeTimCook · · Score: 2

      Sure, with a big, ugly adapter. Better than nothing but hardly ideal.

      If you think the Apple Lightning headphone adapter is "big", that must be from referring to your micropenis as "big", too:

      https://www.apple.com/shop/pro...

      Now STFU, you ignorant tool.