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Apple Lowers Revenue Guidance for Q1 2019 Citing 'Fewer iPhone Upgrades' Than Anticipated
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APPLE. Double down on desktop markets. It is the ultimate core business once phones become bubblegum.
You have been discrediting/disrespecting my comments that turned out to be true.
And LOL @ your comment about "they have been killing it and still are". Have you forgot that Apple just revised their guidance?
On a more serious note - Happy New Year.
(no sarcasm intended for once...)Once again, the only real problem is China.
Based on the numbers, I would say that Apple sales in China crashed 50% in the last two months. This has nothing to do with the slowdown, they are simply boycotting Apple and switching to Huawei and similar domestic garbage.
Good news is, only another 50% left to go and in the future, China will not play an important role in Apple revenues, making Apple less sensitive to their unpredictable behavior.
I would really like to see the western world to unite and boycott Huawei... (not gonna happen)
Based on the numbers, I would say that Apple sales in China crashed 50% in the last two months. This has nothing to do with the slowdown, they are simply boycotting Apple and switching to Huawei and similar domestic garbage.
Good news is, only another 50% left to go and in the future, China will not play an important role in Apple revenues, making Apple less sensitive to their unpredictable behavior.
I would really like to see the western world to unite and boycott Huawei... (not gonna happen)
You can not keep raising prices in a mature saturated market and expect to keep the market share.
Or maybe people with a 6S realize a $2000 smartphone with no headphone jack and no touch ID isn't such a great upgrade.
Faster CPU doesn't really cut it for the vast majority of users.
It's like producer cost AND consumer demand have an impact on the quantity and price of goods available.
Physicist Leonard Mlodinow wrote an interesting book titled “The Drunkard's Walk: How Randomness Rules Our Lives” that talks about the correlation between decisions by CEOs and business results and how it effects their tenures.
Amazing so many people conveniently ignore the above. That's what it's really about. The Chinese consumption crash was rather sudden, and deep, in the last few months, starting at the end of September.
Chinese consumption tax revenues declined 62% last October, and 71% for November, compared to the same months a year earlier. People are holding tight, no doubt inspired by the Chinese government sending a message with respect to the upcoming trade tariffs.
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Pure politics, nothing else. Sad that the companies are so strongly affected by it.
And LCD TV's have declined and then stabilized. You get a boatload of $$ in an LCD today. Microwaves went down in price. LED Bulbs, appliances, computers other than Apple, all have gone down in price.
Cars don't go down because we want more stuff in them, the government mandates they be safer and safer (100 air bags, radar to tell you when you are following too closely, backup cameras, etc), increased performance and fuel economy.
Apple's BOM should be going down - screen prices have generally gone down, NAND memory is down big time (you can get 512GB SSD's for under $100), etc.
That is assuming that Apple will even let you do the battery replacement. Prior to this years $29 'no questions asked' battery replacement deal - Apple Genii were notorious for refusing to replace batteries even if the customer offered to pay the $79 fee, unless their "diagnostic tool" stated that the battery was due for service. Apple has not clarified if the "no questions asked" policy will survive the $29 battery replacement deal ending.
If not, all they can do is just raise the bar on the battery service diagnostic check to deny customers a replacement and instead instruct their Genii to pressurize customers to part with their money for a new device.
Tim has not innovated in 8 years, Forstall is needed back asap
Old tech goes down, new tech retains a higher price. Oled for example, even though it’s been around since 1989.
A few countries have already refused to use Huawei equipment (for 5G network) due to security risks.
I am not convinced that not selling to the Chinese market would benefit Apple.
Actually the max is a great upgrade from my 6s. But your comment on the surface could apply to many older vs newer products.
It's a game of chicken played by the leaders of China and the US.
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The opposite. It greatly hurts Apple. This all transpired starting the end of September.
Hopefully some sanity prevails before the trade tariffs kick in for real the beginning of March.
A lot of people speculated things weren’t going well. I wanted to hear it from Apple and see the data because speculation in the past has been TOTALLY wrong. It was right, for once, but not all bad still.You have been discrediting/disrespecting my comments that turned out to be true.
And LOL @ your comment about "they have been killing it and still are". Have you forgot that Apple just revised their guidance?
On a more serious note - Happy New Year.
I’m just saying, it’s not like $84B in sales is poor if you just look at the business, profitability, and growth in other areas. It’s lower than they wanted and there are tons of positives.
iPhone in emerging markets and China was bad. That’s the story.
Services still growing at 25%, wearables at 50% growth and other non iPhone at 19% growth, and tremendous increase in user base at +100M in 12 months.
The buyback is going to be epic because the $130B in net cash mentioned by Cook means they didn’t buyback much or any the last 90 days. I’m a very long term investor, so this is positive in the long run.
I don't think anyone foresaw the level of destruction we're witnessing now. And just wait till the latest trade tariffs come into play in March.
How much they had at the end of the previous quarter?
Sure not, but he’s not to be blamed for that.
$122.6B
This whole thing smells like they knew this would come and held off on the buyback until the market punished them. I hate that it was a miss, but the buyback being suspended until the bad news was priced in, is going to be good long term.
Everyone credited him for Apple's recent success, but now we are seeing the results of his leadership. It took 10 years of Balmer's leadership to crash microsoft.
This is the beginning of the end for him (Hopefully!!)