Incredible how small Mac sales have become as a part of their revenue. I don’t know what’s more astonishing, that fact about the Mac sales, or the fact people are dooming and glooming over a company that just posted $84.3B in earnings in a single quarter.
Need to step up your game. @AngerDanger would have animated this.
But gross margins are the same.Yes because they increased prices across all their product lines.
Incredible how small Mac sales have become as a part of their revenue. I don’t know what’s more astonishing, that fact about the Mac sales, or the fact people are dooming and glooming over a company that just posted $84.3B in earnings in a single quarter.
But Tim Cook should be fired, right guys? Right?
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.Incredible numbers despite the bruise in China:
It was CONFIRMED to have been responsible for a $4.8B revenue decline, indicating the entire revenue miss (84.3B versus $88.1B last year) was a result of China.
- Record EPS of $4.18/share
- Services are up 20% y/y
- Mac UP 8% Y/Y
- iPad UP 17%
- Wearables up 33.3%
- Profit of $20B
- China indeed was down $4.8B y/y, indicating it WAS a result of China that they missed Revenue.
- America Revenues are up y/y
Other markets were flat to up. America Up, Asia Pacific Up, Europe and Japan Down Slightly.
Apple had an excellent quarter, aside from the China downfall. 20 billion in profit and the overall services growth margin is outstanding.
So much for the ‘Doomed’ theory, again.
Other markets were flat to up. America Up, Asia Pacific Up, Europe and Japan Down Slightly.
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.