Apple Posts Record Revenue As iPhone Sales Smash Expectations (cnbc.com) 47
Apple reported revenue and profit significantly higher than what Wall Street analysts expected. According to CNBC, "Apple's revenue was up 9% to $91.8 billion," thanks in large part to iPhone revenue, "which was up 8% on the strength of new iPhone models." The report also that Apple's "Other Products" did $10 billion in sales during the quarter, and that Apple Watch, AirPods, and Beats headphones alone would be a "Fortune 150" company. Here's how Apple did compared to Refinitiv consensus estimates:
EPS: $4.99 vs. $4.55 estimated
Revenue: $91.8 billion vs. $88.50 billion estimated
iPhone revenue: $55.96 billion vs. $51.62 billion estimated
Services revenue: $12.7 billion vs. $13.07 billion estimated
Other products revenue: $10 billion vs. $9.52 billion estimate
Gross margin: 38.4% vs. 38.1% estimated
Q2 revenue guidance: $63 billion to $67 billion vs. $62.45 billion
Q2 margin guidance: 38% to 39% vs. 38.2% "Apple's range of guidance for next quarter is wider than typical," the report concludes, "a change that Cook attributed to uncertainty caused by the deadly coronavirus, which has shut down travel in parts of China."
Revenue: $91.8 billion vs. $88.50 billion estimated
iPhone revenue: $55.96 billion vs. $51.62 billion estimated
Services revenue: $12.7 billion vs. $13.07 billion estimated
Other products revenue: $10 billion vs. $9.52 billion estimate
Gross margin: 38.4% vs. 38.1% estimated
Q2 revenue guidance: $63 billion to $67 billion vs. $62.45 billion
Q2 margin guidance: 38% to 39% vs. 38.2% "Apple's range of guidance for next quarter is wider than typical," the report concludes, "a change that Cook attributed to uncertainty caused by the deadly coronavirus, which has shut down travel in parts of China."
Impressive (Score:5, Funny)
If you can sell $1000 iPhones you might as well start selling $2000 ones. There seems to be an endless demand.
Re: Impressive (Score:3)
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Thats nice. Thanks for sharing!
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Thats nice. Thanks for sharing!
Flippant answer aside, KixWooder just kicked the legs out from your assertion that "there seems to be an endless demand".
Re: Impressive (Score:3)
OK, Luddite.
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OK, Luddite.
Snark update: all the slick kids say "OK, Loomer" nowadays.
My smartphone cost me $180. (Score:3)
3 day battery life, never slow or stuttering, always enough space, three card slots (2 SIM, 1 microSD),
IP67, rugged design, headphone jack, USB, can be thrown against a wall and put through a whole washing cycle, no problem, can be *screwed* open, replafement parts are sold on e-bay,
powerful wifi that works way further than others, all the regular features, and Andoid updates,
plus dead easy to root and literally unbrickable, even if you delete the boot loader.
Yeah, like I'd be retarded enough to pay a $1000
Re: My smartphone cost me $180. (Score:1)
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I call bullshit on throwing against the wall, putting through the wash... ... and Android updates unless it is less than a year old.
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And all that proves what, exactly? You think you're starting some kind of trend here? You're not. Smartphones provide a great deal of everyday functionality to nearly all segments of the population. People aren't going to give them up until something better comes along.
You've accomplished nothing by depriving yourself of smartphone.
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Suddenly... A HOPE!
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I doubt T-Mobil took that entire hit.
Don't be so surprised.
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you might as well start selling $2000 ones.
My wife would buy one. Or two. Or one of each color so they match her purses.
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No she wouldn't, YOU would be the schmuck buying them.
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Apple didn't invent $1000 price tags for cell phones.
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Nope. Motorola did. The first brick cellphones were around $3000 each for a measly 1 hour of talk time and maybe 12 hours standby, which you invested in at least 2 or 3 spare batteries to get you through the day.
And these were the big beefy 1980s dollars not the wimpy inflated dollars of today.
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No one remembers because we live in this Universe.
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The share price dropped from $227 to $148 or about 35% because the market feared Apple was overhyped and wouldn't make as many billions in profit as expected, at no point were they losing money or anything remotely like it. Then the fears blew over and the stock price rebounded by 100%+ meaning that even if you invested at the top in 2018 you'd still make a big profit if you sold now and Apple is making more money than ever...
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The context for this was that the entire market took a huge dip around that time because of concerns over global trade. The market recovered pretty much completely by the next quarter, including Apple.
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Apple hasn't made a loss for a decade or almost two. Market capitalisation dropping is not the same as making a loss.
Only embarassing for humanity. (Score:1)
Proof there are way too many retards, if ripping off real-life Frito Pendejos in hipster vanity outfits is the most profitable business.
We truly need a proper nice pathogen. Go coronavirus go!
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Your post is an excellent example of cognitive dissonance. You don't understand why so many people could be buying something you personally do not approve of. Rather than examining your own beliefs to see if they might be faulty, you invent a narrative that everyone buying them must be "retards". The assertion is, needless to say, more than a bit unlikely. It's much more likely that you are simply mistaken.
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It's not cognitive dissonance, he's just an elitist "woke" asshole.
Can't wait for the next small form factor iPhone (Score:1, Offtopic)
I've owned 3 iPhones, 5, 5s and I just got an SE last month. They were great deals too, I hope Apple can keep delivering such compelling and competitive devices.
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The announcement of the iPhone SE2/iPhone 9 should only be a few weeks away, a few months at the most.
Re: Can't wait for the next small form factor iPho (Score:2)
I have also owed three. The iPhone 5, 6s Plus, and XS Max. That is 3 phones in 7 years (this will be the 8th).
I replaced the 5 to get the much bigger screen in the 6s Plus (I cannot see well). I replaced the 6s Plus because I put it in a pocket full of water (unknowingly) on the one day it was out of its case (long story). Not sure when I will replace the XS Max. Either when it breaks or Apple comes out with a compelling new feature I want.
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11 is excellent (Score:2)
Anyway, the standard 11 is indeed a nice device. And I especially love its camera. The quality even for evening shots is remarkable.
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Thanks son. 6+ is nice over my very slow and (battery) weak 4S. :P
As I see it: People DO want security. (Score:2)
This looks to me like a market reaction to Apple's refusal to install a government backdoor into iOS. This causes the phone to be perceived as more secure than their competition.
Even if one could claim they're not really secure, Apple is the only company that's obviously trying.
See, other suppliers: People DO want security and privacy (and are willing to pay for it.)
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This looks to me like a market reaction to Apple's refusal to install a government backdoor into iOS. This causes the phone to be perceived as more secure than their competition.
Even if one could claim they're not really secure, Apple is the only company that's obviously trying.
See, other suppliers: People DO want security and privacy (and are willing to pay for it.)
No, Apple is claiming to be trying.
The government can get in anyway, they just make noise about not being able to for political reasons.
Security? You mean self-imprisonment! (Score:1)
Oh kid. The ONLY reason Apple phones are more locked down, is because Apple's whole selling point is "You are literally too dumb for this, so let me lock you into a tightly controlled prison partonize you like you're not even a person.".
And insecure and incompetent people flock to that because it allows them to be so lazy they're only passively taking part in "their" own lives. They are trading being an independent person for cheap convenience.
Now I get it: It's an easy way to get by as a lifeform. Kinda li
Gen 6 finally got a worthy upgrade path (Score:1)
This is so easily explained, if you look at the sales patterns of previous years.
2014 - iPhone 6 came out with many long-awaited features such as a bigger screen and other nice-to-haves. Not only was this a homerun phone in it's own right, it came at a time where the competition was having huge problems. This led to many people buying an iPhone 6.
2015 - iPhone 6s came out. Since the iPhone 6 was such a smash hit, 6S continued that trend. No reason to buy it over a 6 of course, but for everyone else, a great
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Best proof that we live in an idiocracy. (Score:2)
Even more so, than Trump.
The company focusing on ripping off clueless dumb people with patronizing glass beads^Wslabs, makes the most money.
Yay! /s
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We get it. You dislike Apple. You're not even alone.
But your time and energy could be much better spent doing something actually constructive, instead of spewing hate all over Slashdot. Go outside. Take a walk. Maybe develop a talent or create something. But this schtick of hating on people for using a product you likely don't even understand is just pathetic.
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It's people like you that resulted in Trump becoming the president of the USA. Really unlikeable asshats calling people dumb, just because they don't share your taste in mobile devices.
It's people like you, and Don Lemon, that will result in Trump being re-elected. That's right, Trump is going to be your president until 2025. Dwell on that for a while, motherfucker.