Apple Forecasted to Report First Quarterly Revenue Decline Since 2003

Oh the law of large numbers shows it's a tough act to follow; would like to see an improvement in service apps - those that take user content / media such as audiobooks, self-ripped movies a better experience. The reason I keep my classic ipod to play music.
 
Everyone needs to watch the movie THE BIG SHORT. It'll shed a lot of light on how F---ed up Wall Street is.
 
newyorksole said:
To the people that say Apple is "lackluster"...

They don't hit it out of the park EVERY year with EVERY release. I think people have just gotten so comfortable and so entitled. Innovating isn't as easy as one would think. No matter what Apple comes out with there are always going to be companies that do something similar.

Apple isn't always first to the party, but they usually do a damn good job. A lot of your expectations are way too high.
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In other hand, Apple's inflated success is based on people's expectation. When people expectation on Apple is high, they push the stock value upward and investors made Apple the world biggest company by market value.

When Apple does not deliver the expectations, then it's value will drop. It is natural. Apple has been really lacklustre for past few years. All we see is phones gets bigger and smaller. Added stylus and keyboard to be Surface wannabe. Apple Watch has not much difference with other smart watch. Apple Pay is still in US only.

Yea, if you say one or 2 years are OK, but Apple is not doing so well in past few years. We see competition is catching up quickly and some are suppressed Apple in some areas. If Apple still think their products are the best and still day dreaming about their super high profit, just wait and see Apple repeats its near bankruptcy back in 80s. This time no one can save Apple.
 
Apple IS the iPhone. They live or die by it's success or decline. September 2016 is the date that will decide if it's all doom and gloom when the 7 is released. Folks currently will buy Apple branded apples if Apple make em ... Not through any logical reasoning but because of the brand. It's cool to show you're hip and tech clever. But over past three years the iPhone has stagnated. Most users don't realise that. Yet. Because Samsung et al haven't bigger up their own kit sufficiently to date. Hence why the buying public still holds Apple in high esteem. Not through results. But historical achievements.
 
This may not be why profits are down at the moment, but I know a lot of Apple supporters who, like myself, have been there since the beginning. For the first time, we are losing faith and have found ourselves criticizing Apple for their lack of quality control, ignorance of the whole desktop format, lack of innovation and overall disdain of the people who kept the company in business during the dark era(s).
They completely turned their back on professionals and serious customers who need more than a tablet or phone to work with. I have no problem with phones and phablets, but can't Apple rub their stomach and pat their head at the same time?

I have very fond memories of the time when Apple made great computers.
 
Benjamin Frost said:
I feel that Tim Cook's time as caretaker CEO is done.

He's guided Apple to outstanding profits, but has not shown that he can take Apple to new heights in the long-term. The Apple Watch is not a worthy successor to the Mac, the iPhone and the iPad, in my opinion.

In the five years that he has been CEO, he has never shown the passion for Apple products that Steve Jobs did. As a result, the public has become less enthusiastic also.

Finally, the area that Apple most needs attention is services. Eddy Cue is not the right man to lead this area, to put it mildly. Apple needs a major culture change to instil the right ethos for making high quality services. It goes against their traditional culture in a fundamental way, and requires strong leadership to overcome resistance in Apple. Tim Cook is not able to give this leadership, nor does he have the headhunting chops to find the right person; he is too nice, and doesn't have the sharpness in this field.

It's time for new blood.
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I agree that there is time for new blood but I think it is on the design side of the house. Having basically the same design team intact for over 20 years is too long IMHO.
 
When you get too cocky you make mistakes. Tim seemed to be so focused on the iPhone cash cow, he neglected everything else. He has also quietly been giving customers a slap in the face by gluing down every inch of every product in an attempt to FORCE new sales on un-repairable devices - instead of creating a reason to WANT to upgrade.

The new rMB is a perfect example of presumptive overreach. Here's an under-powered laptop with only 1 port, that costs much more than it's worth - take it or leave it. I can't think of any other company that could get away with this. That's not to say that it's not a good machine for some people. I just have a problem with mistaking this kind of 'innovation' for arrogance. Everything I love about my MACs was erased in the rMB and this, we are told, is the future. If no magsafe, no ports, under powered, and a horrible keyboard, is all I have to look forward to, I'm sure I'm not the only one who lacks excitement for the next release.

Tim's other huge mistake IMHO is trying to sell iPads as laptop replacements. iOS can't replace MacOS. It just can't. My iPad Pro is a great device, but it's no laptop and never will be. Tim's miss on this, and watch are all part of a credibility thing that is starting to sound too much like desperation.

Combine this with botched launches of unavailable new products over the last few years, software that just doesn't 'work' anymore, and economic stagnation for too many people, and the value is diminished. People pay more for products for the quality, usability, and outstanding customer service. I could be wrong, but taking the headphone jack out of the iPhone is not going to be seen as 'great innovation,' just as a 1 port laptop for $1600 isn't either.

I wish I could say I was excited about the next release of new Macs, but if they're going to be less powerful, have fewer ports, an annoying flat keyboard, further locked down OS, and have so much glue on them they're throw-aways - I'm not running out to buy one just because it's thinner. I really hope Apple changes course because I truly despise Windows10.
 
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Chupa Chupa said:
Certainly since SJ passed that has been the case. But the iMac, iPod, iPad, & iPhone all redefined, not imitated, products in their respective categories. The titanium case on the first "TiBook" was something special. The white iBook was iconic as well. The aluminum Mac Pro w/ it's Xeon proc, two optical bays, easy upgradable almost everything at a $2K something price made PC tower owners jealous.

Over 30 years I've spend about $100K on Apple products b/c they are exciting, uncomplicated to operate, and keep me productive rather than in maintenance mode. I've been bored and frustrated with them twice: the mid 90s and now.

It not enough for Apple to produce similar product. Yes, I have high expectations because it's Apple dammit, not Dell.
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I just don't see what is currently wrong with Apple's lineup. All of the products that Apple sells are great. They look great, operate very well (minus maybe the Watch) and are powerful. They might have taken out some features here and there, but Apple is a much different company now than it was years ago.

Their hands are in many more pots and their devices do way more than ever before. I just don't know what people are expecting.

I'm frustrated with them too over the lack of certain features, but they still make amazing products.
 
I'd certainly like to help. In the market for iPhone SE, but can't find one in 64GB config. I'm in the market for 2 retina MacBook Pro's, but waiting for updates. Would like a new iMac, when updated. hmm...
 
HowEver said:
So Apple ONLY SOLD 50-60 million of something. Must be the end.

Oddly, this will jack up the price of Apple stock, since the world makes no sense. So, keep up with the doomsday predictions!
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Right on. Let the iHaters here take a gander at this report.

http://www.siliconvalley.com/business/ci_29798925

Apple made more money than the next four companies on the list combined. Apple paid SIX TIMES more taxes than Alphabet. Yet Apple is the failing company. Yet Apple is the tax evader. Yep, Apple will fade into the trashcan any day now. What kind of alternate universe do all of these haters on MacRumors live in anyway? Do they get out bed every morning and check to see if Apple has filed bankruptcy and then take their Prozac to fend off the depression over the fact that Apple still exists?

Remember when the haters got all fired up over Alphabet overtaking Apple in market cap months ago? That lasted less than 24 hours but you’d have though it was the second coming of Christ Jesus our Lord and Savior. I wonder why these haters are still on the platform. Probably because they’ve never been on the platform to begin with.
 
Cuban Missles said:
I think this is important because as Apple has been saying for years, we are supposed to be in the post-pc world.
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It was only a sales pitch, nothing more, in order to get people to buy iPads. The reality is, PCs are still required for a lot of tasks. Sure, you can use iPad for emails, browsing internet, light word processing etc - but you could do all that already with a smartphone, if you really wanted to.

Now, Timmy's sales pitch is: If you have a 5 year old PC, you are a sad person, and you should be upgrading to an iPad Pro.
 
keysofanxiety said:
Good. Hopefully revenue decline might encourage them to update some of their products. Once they stop caring about squeezing as many profits from 16GB storage phones and aged tech in their computers, they might consider giving people a bit of value for money.

If they know they'll have revenue decline regardless of what they do, they might stop penny pinching.
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Spot on.
 
newyorksole said:
To the people that say Apple is "lackluster"...

They don't hit it out of the park EVERY year with EVERY release. I think people have just gotten so comfortable and so entitled. Innovating isn't as easy as one would think. No matter what Apple comes out with there are always going to be companies that do something similar.

Apple isn't always first to the party, but they usually do a damn good job. A lot of your expectations are way too high.
Click to expand...
HAHAHA, you made me laugh.. The last time they innovated was in 2010 when they introduced the ipad. Haven't seen anything innovative since then.

PS: think before you submit anything (bold)
 
Benjamin Frost said:
I feel that Tim Cook's time as caretaker CEO is done.

He's guided Apple to outstanding profits, but has not shown that he can take Apple to new heights in the long-term. The Apple Watch is not a worthy successor to the Mac, the iPhone and the iPad, in my opinion.
Click to expand...

Apple doesn't want one device to replace many others. They want purposeful devices that work together. They want you to have the computer, tablet, phone, watch and TV console all working together elegantly. There's what makes the whole greater than the sum of the parts, not one device trying to do everything.
 
actinide said:
HAHAHA, you made me laugh.. The last time they innovated was in 2010 when they introduced the ipad. Haven't seen anything innovative since then.

PS: think before you submit anything (bold)
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You haven't tried the watch yet? I haven't, but I've heard (and seen) raving reviews about it. It's definitely changing things. And just because they haven't released a new product doesn't mean they are sitting on their thumbs. There's a ton going on behind the scenes that none of us get to see. They are investing hugely, and we'll benefit from their patience in due time.
 
BruceEBonus said:
Apple IS the iPhone. They live or die by it's success or decline. September 2016 is the date that will decide if it's all doom and gloom when the 7 is released. Folks currently will buy Apple branded apples if Apple make em ... Not through any logical reasoning but because of the brand. It's cool to show you're hip and tech clever. But over past three years the iPhone has stagnated. Most users don't realise that. Yet. Because Samsung et al haven't bigger up their own kit sufficiently to date. Hence why the buying public still holds Apple in high esteem. Not through results. But historical achievements.
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All true. Sadly.
 
keysofanxiety said:
Maybe I'm a little naive, where I think a better product would sell more as a result, and evens itself out. I appreciate that isn't always the case. . . .
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I can only talk about myself, but I have missed 2 MacBook Pro purchases because the product Apple offered did not meet my needs. Normally I upgrade laptops every 3 years.

I was planning on purchasing an AppleTV, but the walled garden and no 4K stuck in my crawl and I did not buy.

I have not bought, including my wife, 3 new iPhones because they ignored the 4 inch platform. We will probably update one iPhone 4s to 5SE, but will wait and see about upgrading the 5S.

I would have bought a Mac Pro or iMac now that I don't travel as much. Except the iMac does not have upgradable memory or easily replaced drives (SSD or Rotating). Every computer I have owned as had the drives replaced since they wear out (SSD will also wear out under my usage pattern). The Mac Pro does not have a version between Mini and the top end. I don't need the top end Mac Pro and even in it the SSD is not upgradable.
 
reinvigorate your enthusiast base -

don't dumb down the mini- let it be a real, up-gradable machine.
Make the apple TV 4K -

your enthusiast don't help you hit shareholder numbers every 90 days, but they are the future of the brand's strength.
 
MacRumors said:



Apple-down.jpg
Apple is set to announce its financial earnings results for the second quarter of the 2016 fiscal year at 1:30 p.m. Pacific, and the consensus among analysts is that the iPhone maker will report its first quarterly revenue decline in over a decade.

Wall Street analysts project that Apple will report revenue of around $52 billion, or nearly a 10-percent decline compared to the year-ago quarter. Today's earnings results are based on the three-month period between December 27, 2015 and March 26, 2016.

Apple itself projected quarterly revenue of between $50 and $53 billion, compared to $58 billion in the year-ago quarter, possibly signaling the end of over 50 consecutive quarters of year-over-year revenue growth dating back to 2003.

Tim Cook, CEO, already cautioned investors that iPhone sales will likely decline in the second fiscal quarter. That decline will be realized if Apple sells fewer than 61.2 million iPhones this quarter, which appears likely given most analysts expect sales to hover around the 50 to 51 million mark.

Apple-quarterly-revenue-2016.jpg

Apple's quarterly revenue between 2005 and 2016 (Source: Statista)​

iPhone SE sales will not be included in that total, as the lower-priced smartphone launched on March 31, five days after the quarter ended.

MacRumors will be providing live blog coverage of Apple's earnings conference call with CEO Tim Cook and CFO Luca Maestri at 2:00 p.m. Pacific.

AAPL is trading slightly lower on the NASDAQ at around the $104 mark in pre-market trading ahead of today's announcement.

Article Link: Apple Forecasted to Report First Quarterly Revenue Decline Since 2003
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The rot at the core is showing.
Cook needs to go.
Ive needs to go.
Apple needs to stop supplying 13 year olds with daft coloured phones and cater to those who still want the best computer.
"Thin" is not the way. Thermal efficiency is the way. Upgradeability is the way. The ability to vacuum out the internals every now and then is the way. Listening to the real customer is the way. Once again making a damn good computer for practical users is the way.
I used to run a video editing workshop with 30 iMacs, the cathode ray case version, and for 5 years students beat hell out of every one day in and out. Nothing ever broke. My own iMac bought 4 years ago has boiled itself into a doorstop and Apple is a by word for overpriced baubles, spin, pie in the sky thinking and straight BS.
Windows all the way from now on.
 
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