Apple Beats Sales Estimates Amid Reports of Poor Demand For iPhone X (bloomberg.com)

Apple today reported revenue and profit that beat analysts' estimates and projected continued sales momentum. The results come amid reports that demand for its flagship iPhone X have fallen. Bloomberg reports: Apple revenue rose 16 percent to $61.1 billion in the fiscal second quarter. That was the fastest growth in more than two years. Profit came in at $2.73 a share, the company said Tuesday in a statement. Analysts expected sales of $60.9 billion and earnings per share of $2.64, according to data compiled by Bloomberg. Fiscal third-quarter revenue will be $51.5 billion to $53.5 billion, also ahead of Wall Street forecasts.

Apple sold 52.2 million iPhones in the fiscal second quarter, up 2.9 percent from a year earlier. Analysts had projected of 52.3 million, on average, although some investors expected fewer units. The average selling price was $728, versus analysts' expectations of $740. That suggested the flagship iPhone X didn't perform as well as some anticipated when it launched last year. Earlier this year, Chief Financial Officer Luca Maestri said iPhone revenue would grow by at least 10 percent year-over-year in the fiscal second quarter. Apple easily hit that goal, with 14 percent iPhone revenue growth in the period.

Comments

Re:iPhone X Fails

[dgatwood]

2. Apple's notch is not "Ridiculous"; because it is there for a purpose. what is TRULY "Ridiculous", however, is all the Android phones that slavishly COPIED Apple (yet again!) and their "Ridiculous" Notch, even though they don't actually NEED it!

It may not be ridiculous, but I was watching that keynote in a room full of Apple fans, and the number of "what the f**k" reactions was telling. The word that kept coming up over and over was "ugly".

What was ridiculous was not the notch so much as the fact that the product seemed to have clearly been rushed to market to hit a deadline. They shipped with that ugly notch because they couldn't get the fingerprint-through-the-screen tech in quantities soon enough, and if they had waited just a few months, they could have shipped the product they really wanted to ship, rather than watching as the rest of the industry made it happen a few months later.

And I say that as somebody who has used Apple hardware almost exclusively since the mid-1980s. If S.J. (requiescat in pace) were still alive and running things, I'm absolutely certain that he would have thrown it across the room and said, "This is the ugliest f**king piece of s**t I've ever seen. We're not shipping it until you find a way to get rid of that f**king notch," except that he probably would have used a greater number and variety of swear words.

Just saying.