Apple Reports 2Q 2017 Results: $11B Profit on $52.9B Revenue, 50.8M iPhones

[Jbusick7944]

That graph makes it look like close to $80B.

 

[Michael Scrip]

That graph makes it look like close to $80B.

This quarter is at the very edge of the graph.

The tall peak is actually last quarter... the big holiday quarter.

 

[UndefinedxJoker]

iPad sales continue to decline. SHOCKER. No updates in over a year and they re-release a 4 year old iPad with slightly faster internals.

 

[ColdShadow]

it's good to see Mac overtaking iPad, and becoming more relevant again.

 

[Asarien]

it's good to see Mac overtaking iPad, and becoming more relevant again.

Perhaps people are slowly coming to the realization that a computer is just oftentimes more convenient than the perceived convenience of a tablet.

 

[smoledman]

Apple continues to kill it in profits and iPhones. iPads are declining for a while because older iPads run just fine and newer ones don't have those must-have features that iPhones do, combined with the fact that everyone thinks they *need* a smartphone.

 

[Naraxus]

it's good to see Mac overtaking iPad, and becoming more relevant again.

It certainly couldn't get any LESS relevant to Apple....

 

[5097842]

At the rate iPad sales are dropping, soon they'll be selling more Macs per quarter. At least they updated the MBP last fall. Been over a year since the iPad Pro was updated. Maybe they should take the hint - updates give people a reason to upgrade.

 

[smoledman]

I think there's a good chance of success. Unless Apple does something idiotic like put Touch ID on the back of the phone.
There's probably millions of iPhone 6 and 6s owners ready to upgrade wanting a new form factor.

6s owner here, I'm not upgrading until 2018/2019.

 

[Rogifan]

Tim talking a lot about App Store, Apple Pay and iMessage. Very little on hardware so far.

 

[smoledman]

Tim talking a lot about App Store, Apple Pay and iMessage. Very little on hardware so far.

Tim Cook is emphasizing the software ecosystem which makes iOS devices matter. Otherwise they're just dead paperweights.

 

[CrystalQuest76]

Bottom line, the executives are making money hands-over-fists. They all live and work in the United States; benefiting from all the resources the US has to offer. Yet, they refuse to bring the profits they are banking overseas and pay taxes and pay dividends that they owe the investors.

 

[Naraxus]

I'd love to see somebody call out Cook on why he's completely abandoned the Mac & Pro platforms in his time at the helm of Apple.

 

[Rocketman]

ApplePay up only 450%? Fail.

 

[Cloudkicker]

iPad sales continue to decline. SHOCKER. No updates in over a year and they re-release a 4 year old iPad with slightly faster internals.

'Apple: The iPhone Company &... I guess AppleCare sales'. Sad AppleCare ('Services') is in double digits while Mac computers is barely in double digits.

 

[Zirel]

Reality Check, boys!

Mac = +14% y/y revenue
Surface = -26% y/y revenue

Microsoft adopted the PowerBook 100 design pioneered by Apple and still being used this day.

Apple refused to put a TUI on macOS.

 

[itsmilo]

not surprising since everything keeps getting more and more expensive yet stupid people like MYSELF keep buying into it! Its like a drug and i should know better but theor marketing is just too good. Like everytime i step into an Apple Store i feel like buying something even tho i got everything i need

 

[dogslobber]

Any watch break out numbers?

Increase in stock buyback says it all about where this company is headed.

 

[ColdShadow]

It certainly couldn't get any LESS relevant to Apple....

when sales are growing, it means money and profit is growing so becomes automatically MORE relevant even if Apple really didn't care in past few years..

 

[Brookzy]

Any watch break out numbers?

Only that Watch sales have doubled year-on-year, according to Cook (which I think is incredible).

 

[sw1tcher]

Marketwatch for the last 10 minutes has been posting deliberate fake news that the stock has dropped between 1.5 to 2 percent even though it's less than 1 percent. That's how you scam the public. Scare them one day, hype the next day, scare the next, repeat.

Maybe it wasn't down 1.5% to 2% at the time you checked, but it could have been prior.

You need to check price in real time. StockTwits is not real time from what I've noticed.

This http://www.nasdaq.com/symbol/aapl/after-hours shows the after hours low was at $144.22 at 17:00:23 PM EST. Apple closing price for today (regular trading hours) was $147.51.

$144.22 is 2.2% less than $147.51

 

[TallManNY]

if it was amazon or google who had a result like this, the stocks would be up with at least 5%

Stock was up for the last two days. Apple missed the street, so it will go back down. But falling back to the stock price from Friday is not much of a big deal.

 

[Johnny907]

It's on the higher end of expectations and their stock is down? Weird.

They missed Revenue and iPhones sales by a healthy amount, so AAPL going down in after hours isn't exactly shocking.

 

[Rogifan]

Cook pandering to Trump at the end of the call.

 

[smoledman]

I can vouch for Apple Pay. I use it every time at Trader Joe's now because I can't stand the ridiculousness of the chip reader. Also I try to keep my shopping below the magic $50 otherwise I have to sign the damn terminal.
[doublepost=1493759824][/doublepost]

Cook pandering to Trump at the end of the call.

What did he say?