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Apple Blames Currency Fluctuations and Uncertainty in Emerging Countries for Weak Holiday Sales Estimates
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Great point if the sales were actually weak....
Revenue is up20% y/y and earnings were up 40%.
They guided for a record holiday quarter and likely sandbagged like last year. $95B in revenue is entirely possible and that’s 8% more than the $88B they put up last Xmas quarter after guiding $84-87B.
Please use facts next time and don’t read headlines.
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And relatively, Apple is guiding for 6% higher sales than last Xmas, grew this quarter’s revenue 20% higher, and grew earnings 40% y/y.
Summary: Products too expensive.
Summary: Obsfucation
Perhaps we've seen peak .
My attitude is that Apple under Tim Cook had a lot of forward inertia owing to Steve Jobs. The inertia could be used to build an array of products that all fit in the ecosystem. I felt if Cook squandered that amazing gift of inertia, eventually Apple would start losing momentum.
Cars and trucks are part of that system. Not just phones. Laptops, workstations, networking, etc. are what fills it all out and makes it work.
Tim loves his fashion, so we have some speakers, and some headphones, and animojis, etc. But no decent upgrades to the critical parts of the system (i.e. computers - real computers, not just out of date, thin toys). I have most devices, but I don't need to spend 1k for a phone when I use an iPad (I have two of those). Don't want or need that ugly watch.
It looks like the inertia is starting to slow. Now would be the time to get the house in order Tim - or go join The View.
Cars and trucks are part of that system. Not just phones. Laptops, workstations, networking, etc. are what fills it all out and makes it work.
Tim loves his fashion, so we have some speakers, and some headphones, and animojis, etc. But no decent upgrades to the critical parts of the system (i.e. computers - real computers, not just out of date, thin toys). I have most devices, but I don't need to spend 1k for a phone when I use an iPad (I have two of those). Don't want or need that ugly watch.
It looks like the inertia is starting to slow. Now would be the time to get the house in order Tim - or go join The View.
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Shush. Don’t let the facts get in the way of the Apple haters when they are one of their infamous rants.
The momentum from Steve Jobs / Scott Forstall era starts disappearing.
I totally agree with this. I’ve had every version of the iPhone and I remember thinking how $850 was pushing it for the top model. And now with device installments I’m looking at $65/month for the new iPad Pro via AT&T. I think Apple is firmly aware they’re alienating the masses of the Pro user market and therefore investing all of that loss into the mobile area and therefore increasing these device prices like crazy. The only reason I won’t switch to anyone else is because the services are amazing and I can’t stand software fragmentation.
6S+ holding on for dear life. Not seeing a reason to upgrade; it'll just be battery death. Long live the headphone jack.
I think that’s been gone for a while personally. There used to be much more frequent hardware upgrades (I remember when there was a new product launch every 3-4 months of the year, not only September and October with delays and back orders until mid next year).
I live in Sweden. The iPhone is ridiculously expensive...
Don't worry Timmy Cook, that new $799 i3 Mac mini, made in China, will be a runaway success this holiday season, it's a great stocking stuffer!
Too expensive. So people are waiting years between upgrades. Maybe that's not a good business model.
What data supports that? They are guiding for 5-6% higher revenue growth than last Xmas quarter, which was an already insane number. Now they guide for $89-93B and it's weak?
TERRIBLE headline, but you can at least attempt to understand what Apple said versus simply reading the headline here.
Whoa, go easy there! You probably only needed to get an XR, mate.
The weak € will definitely lower Apple's revenue in dollars unless they hike prices. It is a shame that a currency once 1.5x the dollar has been destroyed between the Greek debt crisis, then Brexit and all of the political chaos. It's now much cheaper for me to visit Europe but it is a disaster for the European people.
Let’s not blame the obvious reason, high prices ! Greed Mr Cook...... you are creating Apple products for the elite these days. People are no longer upgrading each year, some , no longer
Not really - it looks so when compare with the rest of the also-rans.
2002 - iMac (tongue) $2300! (my purchase)
Look at what that gets you now.
Last year I bought an iPhone X, a series 3 Apple Watch and a 10.5 inch iPad Pro with accessories. This year the price points have all just tipped past what I can justify. I’ve bought an XS max and wanted a new watch and iPad. I would have probably got them if they and the phone hadn’t all stepped up their pricing. I’m an apple fan boy, but even I’m now starting to think updating every other year is going to be my limit and a move which will actually see me spending less with apple overall.
Fair enough that they want to increase per unit profit, but if that means the number of units sold drops below the balance point then so will their income. Hopefully to a degree that they start lowering prices which they can surely afford to do.
Fair enough that they want to increase per unit profit, but if that means the number of units sold drops below the balance point then so will their income. Hopefully to a degree that they start lowering prices which they can surely afford to do.
Yep, I agree. They aren't going broke, of you know what I mean.
I don’t think you understand what entitled means . No one is asking for a free phone .
Tim Cook
Don't blame the currency fluctuations, your product pricing is ridiculousy high.
Don't blame the currency fluctuations, your product pricing is ridiculousy high.
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I believe it. Currency fluctuations here in the U.S. are horrendous. 20-25% inflation this year alone.
Personally, I’ve decided to skip all iPhones, Macs, iPads, Apple Watches this year. None are worth the price.
I’m assuming that over next few years, it’ll be even more not worth the price.
Personally, I’ve decided to skip all iPhones, Macs, iPads, Apple Watches this year. None are worth the price.
I’m assuming that over next few years, it’ll be even more not worth the price.
Common business excuse, but you never hear them point out when sales are inflated due to exchange rates.