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Apple's Shares Rise On Better-Than-Expected iPhone Sales (fortune.com) 60

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.
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Apple's Shares Rise On Better-Than-Expected iPhone Sales

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  • both better than expected
    • by Anonymous Coward

      Apple was better than expected.

      Trump is still a fucking douchebag.

  • Also ipads, etc (Score:5, Informative)

    by Camembert ( 2891457 ) on Tuesday August 01, 2017 @09:07PM (#54923029)
    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 .
    • did they lay out how much of the sales were cheaper devices?

      I know apple doesn't huff or puff about it too much, but a lot of what they are selling in asia(through operators, no less)

      • by gl4ss ( 559668 )

        ..edit..

        a lot of what they sell in asia are cheaper devices that are generation or 3(!) old.

    • 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 mer

  • by Anonymous Coward

    How many of those "better than expected" iPhone sales were channel "presales" to MVNOs and the like? I smell a return of the Apple from the mid-90s when they were able for a few years to meet their growth and revenue targets by stuffing their retail channel.

    It could just be oddly coincidental that I'm seeing so many "deals" on iPhones now for switching to this carrier or that, or just $150 prepaid for a new iPhone SE tied to boost or virgin when it retails for $400.

    • How many of those "better than expected" iPhone sales were channel "presales" to MVNOs and the like? I smell a return of the Apple from the mid-90s when they were able for a few years to meet their growth and revenue targets by stuffing their retail channel.

      It could just be oddly coincidental that I'm seeing so many "deals" on iPhones now for switching to this carrier or that, or just $150 prepaid for a new iPhone SE tied to boost or virgin when it retails for $400.

      That's the funny thing about Apple: They ONLY count actual END-USER sales; not sales into their "Distribution Channel".

      So, unlike others (looking at you, Samsung!), Apple's sales numbers don't "count" until there is an actual, END-USER purchase.

  • by viperidaenz ( 2515578 ) on Tuesday August 01, 2017 @10:25PM (#54923287)

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

    • or after reading TFA, new shiney is expected to cost a lot more than old shiney

      Apple is widely tipped to adopt higher-resolution OLED displays for the latest iPhone, along with better touchscreen technology and wireless charging - which could come with a $1,000 plus price tag.

      Current price for the big iPhone seems to be $769. That's a big jump in price.

      • Re: (Score:2, Informative)

        by Anonymous Coward

        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.

      • That's a speculated price for the rumored "iPhone Pro" (speculated name) model. It's speculated that the anticipated iPhone 7S and 7S Plus models will be in line with their predecessors.

        It's all just guessing until they make the formal announcement.

  • by dbialac ( 320955 ) on Tuesday August 01, 2017 @10:58PM (#54923393)
    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.
    • by Anonymous Coward

      I have had a 6S since about a month after it was released. I've never plugged anything in the headphone port.

      • On my 7, I've never used a headphone. I've sometimes used it w/ my Bluetooth speaker, but aside from that, as far as music goes, I've used it in the car, both in Bluetooth and in iPod mode (w/ the car's iPod player).
    • 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.

      Why now, though? The 7 has been out for several months now, and people who didn't already know saw what it doesn't have. They could have snapped up a 6 or even a 5s during that time.

      One thing that puzzles me - if this is such a great innovation for the 7, why don't they also do it on the iPads and iPods? Have a common headphone/speaker infrastructure? I recently bought a Nano as well, which they are about to end, and even that doesn't have this.

      • 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.

        Why now, though? The 7 has been out for several months now, and people who didn't already know saw what it doesn't have. They could have snapped up a 6 or even a 5s during that time.

        One thing that puzzles me - if this is such a great innovation for the 7, why don't they also do it on the iPads and iPods? Have a common headphone/speaker infrastructure? I recently bought a Nano as well, which they are about to end, and even that doesn't have this.

        Because, like with the MacBook Pro (which has a 3.5mm jack, even in the 2017 model), people don't generally drop their iPad in the water like people do with their phones. As far as iPods go, I would imagine the next gen. iPod touch will lose the 3.5 mm jack as well. It just hasn't caught up, yet.

    • by Just Some Guy ( 3352 ) <kirk+slashdot@strauser.com> on Wednesday August 02, 2017 @11:19AM (#54925769) Homepage Journal

      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.

  • From today's earning's call for Apple:

    Appleâ(TM)s total cash and securities: $261.5 billion
    Appleâ(TM)s total debt: $89.8 billion
    Net cash position: $171.65 billion

  • Apple announced through unofficial leaks that IR face recognition would replace touch-ID and even floated a few models without touchID ability. This caused people who like the feature to upgrade from 5/6 series to 7 series phones keeping the iPhone sales flat. When the official announcement is made where TouchID is still present they will be disappointed but other fence sitters will fill in and boost iPhone sales. Smart hypothetical strategy.

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