Apple announces slow iPhone sales, but $100 billion for investors
Apple announces slow iPhone sales, but $100 billion for investors
Apple iPhone SE 2 With Notch Display Expected to Launch on June 4: Price, Specs and More
03 May, 2018, 16:02
Apple CEO Tim Cooksaid the company sells more iPhone X units every week than any other iPhone it makes, and that's been the case since the $999 device launched in November.
Revenue from Apple's "other products" was $3.9 billion, and sales for the Apple Watch and AirPods were up nearly 50 percent.
With Apple'searnings report for the March quarter now behind us, I think it's fair to say that iPhone X sales are healthier than perhaps many were anticipating. While iPhone unit sales also increased, that figure was not almost as strong, with only 3% more units sold in the current quarter than in last year's.
Greater China sales rose 21 percent from a year earlier, Apple's best growth rate there in 10 quarters, to $13.0 billion.
On the wings of strong sales, Apple announced it will buy back additional $100 billion worth of its stocks. In Japan, Apple saw a revenue growth of 22 percent while in the rest of Asia Pacific, the revenue was up by around 4 percent.
Talking about emerging markets like India, Apple chief financial officer (CFO) Luca Maestri said that performance was very strong in emerging markets such as India where revenue was up 20%.
"We now model no dongle this year", writes the analyst.
"Cognex results provide further evidence that the smartphone cycle has turned south, the OLED overcapacity bites and Apple's iPhone X is over", Neil Campling, an analyst of Mirabaud Securities, told CNBC.
Curtis doesn't provide much insight into why Apple plans to stop including the adapter with new iPhones.
Wall Street's belief that Apple will pass along most of its cash to shareholders has helped bolster its stock, even though its latest iPhones haven't spurred as much sales growth as most investors hoped. Over the past few weeks, iPhone production partners like SK Hynix and Taiwan Semiconductor Manufacturing - which churns out Apple's A-series processors - pointed to a dip in smartphone demand to explain their recent, somewhat disappointing earnings reports.
Despite a starting price of $1,000 for the iPhone X, revenue from total iPhone sales fell 38 percent to $38 billion from $61.6 billion during the period. On that front, Apple sold 52.2 million handsets (an increase of 3% over last year) at an average selling price of $728. "With the greater flexibility we now have from access to our global cash, we can more efficiently invest in our USA operations and work toward a more optimal capital structure".
The company, flush with a huge cash pile on strong earnings enhanced by the USA tax cut plan of 2017, announced $100 billion in new share buybacks plus a 16 per cent boost to its quarterly dividend.
Apple is set to unveil their second quarter earnings today.
NBC affiliate WSAV is reporting that two people have been killed in the crash, however this has not been officially confirmed. The four-engine plane sent up a cloud of black smoke, with a tail wing coming to rest on a median, television images showed.
Governor Charlie Baker said the deal highlights the state's vibrant innovation ecosystem, while Boston Mayor Martin J. Amazon will be expanding Vancouver's tech hub by opening a new headquarters in the city's downtown core.
The giant loss in a critical quarter for the 15-year-old company was bigger than Wall Street expected. The company reported having a revenue of $3.41 billion and adjusted stock losses at $3.35 per share.
Announcing his departure in a Facebook post , Koum mentions none of the reported issues that apparently prompted him to walk away. Koum's contract with Facebook wasn't supposed to end until November, the person familiar with the matter said.
But until President Trump's boycott in 2017 deprived the comedian of a foil, the evening had remained more or less the same. On Monday he said the dinner was "a total disaster and an embarrassment to our great Country and all that it stands for".
Whatever be the noble thought of the man, he found himself under attack from the predator who had nearly gone for the kill. A police spokesperson told the Associated Press that the man suffered jaw and neck injuries and is intensive care.
Prices will be pressured by rising US production as shale drillers try to take advantage of higher prices by ramping up activity. Concerns that the US may reimpose sanctions on Iran helped underpin the markets this week as this represents a threat to supply.
The Warner Bros. actioner has made $77.9 million domestically in its three weeks of release. The net box office collections of Avengers: Infinity War is Rs 94.03 crore.
The UK Manufacturing PMI Falls To 17-month Low
Survey respondents widely commented on the resumption of housebuilding activity following snow disruptions in March . The IHS Markit reading showed some change in the employment data from the strength seen in prior months elsewhere.
Meadville-area gas prices dip below $3 per gallon
Analysts say they are uncertain whether this was a one-week quirk or if high gasoline prices are causing drivers to cut back. However, these gains would have been more significant had the USA not exported a record amount of fuel, the auto club said.
Gowda downplays PM's praise; hits out at K'taka CM
The tweet more or less set the tone for the political bickering that followed electioneering in the months ahead. The remark, which blew into a controversy in mid-2017, was also condemned by Congress president Rahul Gandhi .
OG Anunoby gives Raptors real hope to contain LeBron James
On Tuesday, as he prepared to open the Eastern Conference semifinals , the Cavaliers star didn't lie when asked about how he felt. Tucker in mid-season in part so that James wouldn't be able to score quite so easily in the interior.
Mosque blasts kill at least 20 in northeast Nigeria
According to reports, the explosion was caused by suicide bombers, who detonated their bomb vests at the busy market. Ezra Sakawa, chief medical director of Mubi general hospital, said 27 people died and 56 were injured.
Apple results to reveal sales slowdown due to pricey iPhone X
The bigger question now is whether Apple can keep ramping up revenue from other sources, most importantly its services division. It is expected that Apple will show just 2 percent growth in smartphone sales compared to a year ago during the first quarter.
Ashley Judd suit claims Harvey Weinstein 'torpedoed' career
She had said she went to see Weinstein for a business meeting and he got sexually aggressive before she fled his hotel room. The lawsuit maintains that Weinstein was retaliating against Judd for refusing to engage in sexual activity with him.