Apple Reports Strong Third-Quarter Results (cnbc.com)
Apple reported strong third-quarter results Tuesday, posting big beats on earnings per share and average iPhone selling price. CNBC highlights how Apple did compared with Wall Street projections:
EPS: $2.34 vs. $2.18, according to Thomson Reuters consensus estimates
Revenue: $53.3 billion vs. $52.34 billion, according to Thomson Reuters consensus estimates
iPhone sales: 41.3 million vs. 41.79 million, according to StreetAccount Apple reportedly sold 41.3 million iPhones in the last quarter and 11.55 million iPads, both beating estimates. The average selling price of iPhones last quarter was $724, versus the expected $693.59. Apple also sold 3.7 million Mac computers.
Apple's services revenue accounted for just 15 percent of Apple's total revenue for the second quarter, but CNBC notes that it's "been outpacing iPhone revenue growth for several quarters." The company hopes to double services revenue to more than $14 billion a quarter by 2020. Looking forward, all eyes will be on the next iPhone. Apple is expected to launch new iPhone models at the end of the quarter, in mid-September.
Revenue: $53.3 billion vs. $52.34 billion, according to Thomson Reuters consensus estimates
iPhone sales: 41.3 million vs. 41.79 million, according to StreetAccount Apple reportedly sold 41.3 million iPhones in the last quarter and 11.55 million iPads, both beating estimates. The average selling price of iPhones last quarter was $724, versus the expected $693.59. Apple also sold 3.7 million Mac computers.
Apple's services revenue accounted for just 15 percent of Apple's total revenue for the second quarter, but CNBC notes that it's "been outpacing iPhone revenue growth for several quarters." The company hopes to double services revenue to more than $14 billion a quarter by 2020. Looking forward, all eyes will be on the next iPhone. Apple is expected to launch new iPhone models at the end of the quarter, in mid-September.
I report not giving a fuck.
I object to power without constructive purpose. --Spock
Apple beats earrings most quarters, because while other phone makers focus on adding more notches to phones or producing big budget ads to mock the iPhone, Apple keeps quietly incrementally improving products across the board and making devices better and better... even older devices people already own.
Apples strategy of constantly improving even old devices is finally starting to pay off as after several years users are bound to update anyway, so if you keep them happy that whole time they will naturally move on to another Apple product.
Of course the results are helped a lot by the iPhone X which is currently way more usable than other phones thanks to FaceID and removing the home button. Really looking forward to seeing iPad sales surge again when those technologies reach the iPad.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
I'm never wrong. I've been shorting AAPL since 1993. When it goes to zero I'm gonna be the biggest winner.
Never give a sucker an even break. If people will pay the huge margins, let them.
It would be impossible for Apple to gain the majority market share. They can ONLY succeed as a minority player.
Of course while Apple continues to charge outrageous prices for larger SSDs , people will opt for smaller cheaper machines. This encourages users to pay a few $$ a month for larger iCloud Storage
I'm never wrong. I've been shorting AAPL since 1993. When it goes to zero I'm gonna be the biggest winner.
Too bad the Earth will have crashed into the Sun by then...
Never give a sucker an even break. If people will pay the huge margins, let them.
It would be impossible for Apple to gain the majority market share. They can ONLY succeed as a minority player.
Nearly 600 Million ACTIVE Users and over a BILLION ACTIVE devices is a pretty damned big "minority".
It's definitely a peak. They won't grow much more.
Apple makes projections that are conservative (which they always tell you up front).
Instead what they beat were estimates from people whose entire job it is to figure out how MUCH Apple has sand-bagged estimates, and produce a larger number.
THAT is the number Apple beat, partially because a lot of the analysts for some reason listen to people like you instead of trying to understand Apple's market
"There is more worth loving than we have strength to love." - Brian Jay Stanley
Or, as the Slashtards spin it: Vendor Lock-in.
The thing is it's not lock in. No amount of vendor lock-in will keep you buying new systems if you've had a bad experience.
Yes Apple makes it pleasant to stay within their ecosystem but so does everyone, and it simply doesn't matter own a world where apps are dirt cheap and photos can be easily moved.
The reason people go to Apple for new products is generally not because of lock-in, but because Apple has not pushed them away from making the natural choice to stay with a product line they have been using. How are non-technical people supposed to feel about a phone that doesn't receive updates any more after a year or so? Wouldn't they be more likely to consider some other brand?
"There is more worth loving than we have strength to love." - Brian Jay Stanley
LOL what a fucking delusional idiot. Yes apple will live forever. apple is eternal. Fucking cultists.
And 2.3 Billion Android Smartphones say "Awww thats so cute. Thanks for trying."
At least apple will get a participation trophy.
Apple doesn't sell $99 privacy sieves, so I'm not sure what your point is.
Maybe find someone who isnt an isheep and have them read the thread to you. That might help.
as long as these great results keep going, Apple isn't going to change their strategy and all you people complaining about connectivity options, the decrease in build quality and increase in buggy software are just ignored.
On a long enough timeline, the survival rate for everyone drops to zero.
I don't understand why this is a story on slashdot!
I'm also locked in by iTunes, Macs, iPads, AirPods, AppleTV and other things
How though?
Most people just subscribe to music services now. So even if you subscribed to Appel Music, you could just move to Spotify. If you have audio files you can transfer them to anything.
AirPods will work with any bluetooth device.
AppleTV is pretty standalone, and you can AirPlay to it from a variety of sources, including PC's and Android devices.
A lot of apps are not Apple only these days as well...
I'm not sure there is as much lock-in as you are thinking. I have all those devices too but I *could* move if everything else didn't suck a lot more.
"There is more worth loving than we have strength to love." - Brian Jay Stanley