Apple Q3 Earnings: iPhone Sales Continue To Slide, But Apple Beats Estimates (bgr.com) 54
An anonymous reader quotes a report from BGR: Apple on Tuesday announced fiscal third-quarter earnings of $1.42 per share, or $7.8 billion in net income, on sales totaling $42.4 billion. That compares to a net profit of $1.85 per share in the same quarter last year, while revenue slid from the Q3 record of $49.6 billion that Apple set in fiscal 2015. Ahead of Apple's report, analysts were expecting EPS to come in at $1.39 while revenue was seen dropping to $42.1 billion, right in the middle of Apple's guidance of between $41 billion and $43 billion. iPhone sales in fiscal Q3 2016 totaled 40.4 million units, down from the 47.5 million iPhones the company sold during the June quarter last year, which was also a third-quarter record. Wall Street's consensus for this past quarter was 40 million units. The company said it expects between $45.5 billion and $47.5 billion in sales for the fiscal fourth quarter. The only part of Apple's business that's really growing is its mobile apps and online services. The company reported a 19 percent sales jump for the segment that includes iTunes, Apple Music, the App Store and services like Apple Pay and iCloud storage. "That segment produced nearly $6 billion in sales -- more than Apple pulled in from quarterly sales of either iPad or Macs," reports ABC News.
Maybe they can "invent" Angry Bird Go (Score:1)
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"The Pokemon Company" usually makes the games, and Nintendo owns 32% stake in that company. Pokemon Go, is made by Niantic, the same company that made the Android game "Ingress".
The Pokemon Company licensed the Pokemon IP to Niantic, so we can guess the usual, less than 10% royalties.
This means Nintendo is receiving money from their 32% stake in The Pokemon Company, which itself is only receiving less than 10% from Niantic's Pokemon Go
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Better yet how about a phone with a removable battery and SD card storage? Those are the two reasons I've never bought an iPhone.
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I see your point and that's fine if you like getting fucked over. I don't so I don't buy iPhones. I don't mind paying a premium for superior equipment but it has to have the features I want. Why in hell would I pay nearly one thousand dollars for a phone that wasn't what I wanted? I've seen many an iPhone 3 years or less old with a swollen case and dead battery. My Samsung S5 original battery still lasts a while but it's not the same after a year and a half and neither is your iPhone. I bought a brand
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I pull settings for a new phone from Google so that I have all the contacts and e-mail from my old system. No problem. 80 gigs of music? That's takes a while even with a 50MB connection over wifi. The only thing I'm missing from the iPhone is iOS which is superior to Android but not enough for me to give up needed functionality. I think there are enough people that like to have physical control of their data without a "cloud" hanging over them for someone to sell an SD equipped phone. So what if it cos
Re:Maybe they can "invent" Angry Bird Go (Score:4, Interesting)
Because Apple is no longer a computer company. They are a phone/tablet company.
They don't care about their Mac Pro sales unless they can have very high margins, much larger than competing PC makers. That's what the current Mac Pro is, a niche product for all two people out there who need an expensive workstation with professional video cards / CPU but no room for storage.
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The term that mainstream journalists use is:
Apple is a gadget company.
They even make expensive novelty gadgets now, like a computer disguised as a kitchen trash can.
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The Mac Pro is an expensive workstation to use for developing iOS apps.
It's kinda like the expensive proprietary hardware that Game Developers had/have to buy to develop games for Nintendo and Sony consoles.
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except that you can develop iOS apps just fine on the cheaper (but still overpriced) Mac mini
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I can't, because I only use luddite software.
Estimate Go (Score:1)
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not funny
Reminds me... (Score:2)
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Hey, they're doing better than microsoft.
https://www.microsoft.com/en-u... [microsoft.com]
Re:Reminds me... (Score:4, Interesting)
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Microsoft is the new IBM. Apple is the new Microsoft. Google is the new Apple. Facebook is the new Google...
...Tencent is the new Facebook.
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Our computers at work got upgraded and suddenly Bing is the default search. I can definitely say that MS did not copy Google's search function. Bing is almost useless.
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Re:Reminds me... (Score:5, Insightful)
I don't know. A lot of companies would like to make 7.8 billion dollars in one quarter. What other computer manufacturer made that kind of money in Q3? Sure, they didn't make the money they did last year but man, look at how stupendous last year was for them. You can't do that every year, it's a tough act to follow.
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The problem is that sales are going down for the second or third quarter in a row. Tablet and phone sales across the industry are down. Apple's biggest seller by far is the iPhone and its sales are slumping.
Again, you are ignoring just how well they did last year. Compared to the same Quarter 2 years ago, Apple sold 14.8% more iPhones. IOW, if Apple had sold 9.8 million iPhones less in FQ3 of 2015, we'd be looking at a comfortable climb of 7.1% for this and the previous year's quarter.
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As usual, the truth is somewhere in between. The increased sales from two years ago are due to moving into new markets like China. The fall is due to declining sales in their original western markets.
Since the Chinese market is growing fast they would be doing badly if they weren't increasing their sales rapidly too. But actually, when you look at the numbers, they are getting some stiff competition from Chinese manufacturers and from the usual Samsung/HTC/Sony/etc. block. Investors tend to be good at maths
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As usual, the truth is somewhere in between. The increased sales from two years ago are due to moving into new markets like China. The fall is due to declining sales in their original western markets.
Since the Chinese market is growing fast they would be doing badly if they weren't increasing their sales rapidly too. But actually, when you look at the numbers, they are getting some stiff competition from Chinese manufacturers and from the usual Samsung/HTC/Sony/etc. block. Investors tend to be good at maths so they consider this to be bad news. Not terrible or a sign of impending disaster or anything like that, but not a good sign either.
Yeah? You mean the stiff competition didn't actually wipe away the previous years competition instead? Where the fuck is Xiaomi now, the company that was sure to blow away Apple? And if you and the investors were good at math, you wouldn't expect Apple to sell more phones just a year after they released their first phablet (which coincidently is also the product that drove up their sales far beyond what you expect). Because Apple buyers don't buy a new phone every year, no matter what "experts" claim.
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What I like is that Apple is putting all their resources into Mobile, and slowly the competition is taking them down in that sector.
But that isn't the really good part. The good part is that Apple for some reason has abandoned the Macintosh section of the company. They've quit doing anything that would convince people to buy a new Mac. So they might fucking die over this.
We can be optimistic, anyway.
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What I like is that Apple is putting all their resources into Mobile,
Yawn. They put far more into the Mac than they did 10 years ago - and the marketshare turned up as a result. So do they in all other segments of their business, old and new - well apart from the iPod. Not to mention those projects that aren't even on the market yet.
But please do keep deluding yourself.
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Latest data [cnbc.com]
Your "latest data" is like all you latest data, out of date. Why do you always pretend?
But in addition you again ignore my original point. Nor do you disprove my other point - actually the article confirms it.
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According to this...
https://en.wikipedia.org/wiki/... [wikipedia.org]
Apple is 5th. That's computers only, no mobile devices. I can't find q3 results for samsung but they were around 7 billion in q2. I'd have to say Samsung is about apple's only real competition. I liked their phones until recently. I own an S5 now although when my wife needed a new phone she decided on an LG. She was going to get another note to replace her note 3 but didn't like the changes.
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Apple's not a computer manufacturer.
Yeah, that's why they appear on the top 5 computer makers list - because they don't actually sell any.
Coulda been worse (Score:1, Insightful)
Market relief because sales collapse is not quite as fast as anticipated. Price back to a few bucks lower than three months ago. Downward march and continued loss of market share to Android expected to continue, this ends at zero net cash. Apple's problem: phones are overpriced and only your mom wants one. Apple's best bet for the long term is to introduce an Android phone.
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Market relief because sales collapse is not quite as fast as anticipated. Price back to a few bucks lower than three months ago. Downward march and continued loss of market share to Android expected to continue, this ends at zero net cash. Apple's problem: phones are overpriced and only your mom wants one. Apple's best bet for the long term is to introduce an Android phone.
Wow, AAPL fan(atic)s out with bitter mod points.
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Prove it that my mom wants one. She still prefers her old dumb phone. :P
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Apple's best bet for the long term is to introduce iPhone 7.
FTFY
Of course iPhone sales are falling (Score:5, Insightful)
Their primary markets are saturated and they aren't bringing out any must have features on the new iPhones so many people are keeping their existing ones longer. It will get worse if they do go to a three year cycle between major redesigns as it will encourage people to hang onto their phone longer.
I think part of the problem is the drive to make phones thinner all of the time. If manufacturers added battery capacity then they could be adding new functionality or greatly improving the sensitivity of the existing sensors. Heck, just improving the battery life of the phone would cause many people to upgrade.
Bogus Guidance (Score:1)
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Errr...because most companies do this. Those legions of bean counters pretty much know their markets. The one thing they (and everyone else) are blind to are black swans.
why is this a surprise? (Score:2)