Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Apple Reports 1Q 2019 Results: Nearly $20B Profit on $84.3B Revenue, Second-Best Quarter Ever Despite Earnings Warning
- Thread starter MacRumors
- Start date
- Sort by reaction score
Gross margins on services are 62.8% (up from 58.3% last year). Services as a percentage of total revenue is around 15% whereas a year ago it was 11.5%. However total gross margins are roughly unchanged at 38%. I think that disputes the notion Apple is price gouging on hardware.
Need to step up your game. @AngerDanger would have animated this.
Static images? You should feel bad.Cook: "Hey guys. Yeah, we're maybe, probably, might not gonna hit that $89B we said we would. Actually, we're definitely not going to hit it. But we're probably, most likely gonna hit $84B."
/stock poops the bed
month later
/stock wears clean shorts
Cook: "We hit $84B"
/stock does not poop the bed
Like 'em or hate 'em, Cook handled that nicely. Let 'em panic early and be fully conditioned by the time the results are announced.
Cook still banging on about subsidies and battery replacements as reason for fewer upgrades.
Yes because they increased prices across all their product lines.
Apple up over 4% after hours, nice! That's nothing compared to weed stocks though, which is where you go to make real money.
It really drives home to me at least, how small Apple was before the iPhone (although we didn't think that at the time I don't think) - and how far they've come in such a small amount of time.
It's amazing how they have managed to turn iPad sales around after a few years of decline. Once again they continue to buck the trend in a declining market.
Services and “other” are Apple’s saving grace. I think adding more health relegated tech and services will quickly grow tat sector. Also they should do more with their A series chip team. Quickly add them to the Mac and make servers that power the internet such as Amazon has done with their very profitable AWS and Microsoft with Azure.
But but but...I heard the (lying) MSM saying Apple is doomed and about ready to file for bankruptcy!!!
Why is the stock going up?! Doesn't the market pay attention to MacRumors... everyone here said it would go down... mind. blown.
I have been upgrading nearly every year, but I'm done upgrading each year. I'm sick of paying the full tax amount for a phone up front and then having to pay the tax again the next year. Everyone participating in the Apple iPhone upgrade program is essentially paying double the amount of taxes on their iPhone if they upgrade each year. If they changed it where I was paying the tax for the phone on a monthly basis I would be more likely to upgrade.
With my iPhone X, I paid $95 in tax (7% Utah sales tax). If I were to upgrade each year I'm essentially paying 14% sales.
Anyone else ever thought about that?
With my iPhone X, I paid $95 in tax (7% Utah sales tax). If I were to upgrade each year I'm essentially paying 14% sales.
Anyone else ever thought about that?
Excellent quarter?! Hardly the proper definition for a company that lost a third of its value in a couple of months. Apple is now worth less than Amazon, Alphabet, and Microsoft by tens of billions of dollars. That's not a pretty sight for loyal Apple investors. What you consider excellent and what Wall Street considers excellent is quite a huge gap. Plenty of analysts have downgraded Apple to Hold because they know in their hearts Apple is in the toilet and that the iPhone business is being ruined by cheap Android smartphones made in China. Apple seems to be unaware the iPhone is being ripped to shreds by tech-heads who believe Android smartphones costing half the price of iPhones are better for consumers. Apple is the most poorly valued major tech stock by quite a margin and everyone knows this except Tim Cook.
Apple being doomed isn't a theory. It's a quarterly fact how investors never know how far Apple is going to fall. Apple investors can never say for certain Apple stock is going up after earnings. Earnings is a crap shoot for investors. It's just as likely Apple is doomed as not doomed. You watch as analysts tear this earnings report apart and arrive at the conclusion that next quarter will bring even more pain for Apple shareholders which means Apple is doomed next quarter, for sure. Analysts will say iPhone sales will be even worse next quarter and if that isn't giving Apple the kiss of doom, then nothing is.
Excellent isn't the right term to describe Apple's quarter. Questionable would be much better a term.
I guess Europe down slightly is due to the UK. Brexit fears are having a massive effect on consumer confidence there, judging from what I've seen and heard.
So once again Apple's problems seem to have been rather over stated, for the time being at least.
With nand prices falling sharply, they could answer their price critics by making significant reductions in BTO ram and storage options for products released in 2019.
Anyone wanting a graphical breakdown of the Q1 2019 financials should see Jason Snell's excellent presentation on sixcolors.com .
More money ... into the courageous pipeline it goes! where it ends up, nobody knows!
Stock price is something else, and you can vote with your money - go ahead and short AAPL stock if you like.
Do you know the difference between a good quarter and a bad quarter? lol.
The company is doing awesome. The fact that the stock price does not reflect the company performance should make the astute investor realize that AAPL stock is a huge bargain.
62% of the entire companies earnings from a device that’s losing sales... and Apple has changed it to manipulate the figures as it won’t announce how many iPhones were sold..
The only reason it’s profits are up is due to the massive increase in iPhone sales pricing. Well won’t last for ever Timmy...
The real proof is if that share price goes up, which I don’t think it will..
The only reason it’s profits are up is due to the massive increase in iPhone sales pricing. Well won’t last for ever Timmy...
The real proof is if that share price goes up, which I don’t think it will..