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Apple Reports 4Q 2016 Results: $9B Profit on $46.9B Revenue, 45.5M iPhones
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Overpriced iPads are the only reason why those figures aren't worse. Actual unit sales are down again. "Because people pay too much" isn't a legitimate excuse.
I blame Apple for not allowing the App market to code exclusively for the higher powered Pro line. They're so afraid of stratification and confusion that there's nothing in the App Store right now that even comes close to taking advantage of the higher powered processors and faster memory of the Pro line. As I've said before, that's one of the reasons why I took mine back: every app loaded and ran almost identically on my 899 Pro as it did on the 499 iPad 2. The improved screen and pencil support just didn't justify that much of a price difference.
I don't understand this at all. And I'm not referring to the stocks decreasing, auto industry or lack luster answers. Your indicating Cooks tone based off a phone Call appeared bored and lethargic? I think your reading to deep into this. And I know you're not Cook bashing either.
I mean, it's an earnings call where he reports from his office, providing financial details based off Apple's current position. Even on stage, Cook does not show enthusiasm or conduct himself in a manner where he depicts excitement. How are you able to portray his demeanor based off a phone call? Doesn't sound like something to be excited about, when the atmosphere tends to be More serious in my opinion.
And yes, I have tuned into earnings calls before and Tim sounds like he always does, discreet, nuanced and in control. He, Cook, Comes off as lackadaisical in my opinion. What exactly were you thinking he might sound like? Overly excited? Now that I would find strange and question his "Over-excited" behavior if that were to happen.
I'm willing to wager his demeanor will sound exactly the same on stage this Thursday, as he does for all his Keynotes. But judging his tone on a phone call really doesn't change his overall approach to Apple or in its current state.
i totally agree. My iPad 4 (the generation before first iPad Air) is still holding up well even with iOS 10.1 and I still can't find a reason to replace it.
No subsidies and the same ol' phone... what do you expect? People eventually catch on.... some later than others. Milk milk milk. That's all they do.
Apple Car...hah. They can't even get Car Play off the ground. It's been in dev hell since launch seeing next to no appreciable updates. So much potential being wasted. Car Play is merely serviceable instead of insanely cool and enjoyable. Just like my ex-wife. It's as big a let down as my son.
The analysts who keep asking about future products in "clever" ways trying to get anything but a non-answer are my favorite part of these calls. Like, "So I know you can't talk about future plans about unannounced products but can you tell us if you have a plan and whether that plan might involve a product you haven't announced yet?"
Or Gene Munster when he used to ask about a TV set every single call for years.
EDIT: lol https://sixcolors.com/post/2016/10/analysts-again-fail-to-perform-jedi-mind-trick-on-apple-ceo/
Or Gene Munster when he used to ask about a TV set every single call for years.
EDIT: lol https://sixcolors.com/post/2016/10/analysts-again-fail-to-perform-jedi-mind-trick-on-apple-ceo/
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I've listen to other earnings calls where he's seen more engaged and gave more thoughtful answers. Today his answers were short and lacking anything meaningful. Might as will not have an earnings call and just put the numbers out there.
To be fair, the 7 wasn't really a "major" update, as much as Apple would like us to think so.
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Not the best after hours for my stock holdings, but the overall report is fine in my opinion. Dividends continue to go up 10%/year (or more - hopefully), services bring in more and more money, and stock continues upward trend for long term investors. Many like myself are holding out for the iPhone update next year which should be really big.
As some others have said, listening to the analysts ask ludicrous questions is so annoying. "So, do you have a plan for the next three years?" WTF is anyone supposed to say to that? Or, "do you plan to buy some big companies?" Do you want Tim to just say they bought AT&T for fun, or Twitter? Ugh. Same exact thing every quarter. Can't analysts be happy that Apple is making oodles and oodles of profit?
Anyway, when they announce the next dividend hike next year I hope it's a big one.
As some others have said, listening to the analysts ask ludicrous questions is so annoying. "So, do you have a plan for the next three years?" WTF is anyone supposed to say to that? Or, "do you plan to buy some big companies?" Do you want Tim to just say they bought AT&T for fun, or Twitter? Ugh. Same exact thing every quarter. Can't analysts be happy that Apple is making oodles and oodles of profit?
Anyway, when they announce the next dividend hike next year I hope it's a big one.
We all know Apple will have insane amounts of revenue, but they don't seem to have a "Wow" product lined up to drive growth as the iPhone once did. Kinda like Microsoft.
Apple Car? Too futuristic.
Apple Watch? Too expensive.
Apple tablets? Too expensive.
Apple computers? Inconclusive.
Apple music? Some potential.
Apple video? Some potential.
Apple VR? LOL
Apple Car? Too futuristic.
Apple Watch? Too expensive.
Apple tablets? Too expensive.
Apple computers? Inconclusive.
Apple music? Some potential.
Apple video? Some potential.
Apple VR? LOL
It's like making the worst movie you possibly can, advertise it with a few snippets of the only good scenes, and enough people will go see it so that you make millions on a crappy movie that cost you next-to-nothing. There are so many people in the world with little or no brain matter that will spend their hard-earned money on anything, so that any movie will make money. Same for Apple. They don't need innovation any longer.
Macs are 12% of net sales? That's pathetic, considering the average Mac is $2500. Had they actually had decent hardware they probably could have doubled that. Thank God for iPhones, right?
No way is the Mac ASP is $2500, and in what universe could they double sales? 5m Macs in a quarter isn't exactly small potatoes.
I wish my profits dropped to only 9 billion dollars
At the current rate, it would take another 4 or 5 years to go negative.
A reason will come up with iOS 11 when your iPad won't be supported anymore... But it's still up to you to keep it after that of course.
I missed the conference call and not had a chance to go through the whole thread, so apologies in advance...did Tim get called out over the stagnant Mac line, and did he utter the words "some great products in the pipeline, next year is going to be so exciting"?
iPhone 7 hasn't been shipping long enough to have a substantial impact on quarterly revenues, and since waves of phones are purchased during the holiday quarter and thus have holiday quarter update cycles, I would expect iPhone 7 to do well this season.
The iPhone 7 Plus camera instantly became an "I can't live without" item. New flash and 2x optical zoom. The A10 processor is INSANELY fast. Battery life is noticeably better. Screen color and clarity is remarkable. Lightning EarPods sound better. Speakers sound better. Waterproof. New pressure-sensitive home button that doesn't foul days or weeks after adding your fingerprint to TouchID. I've been recommending iPhone 7 to everyone-- I've never been so satisfied with the 7, and feel it's a larger upgrade than any previous generation.
Just what about it isn't different? Oh, the form factor. Well, there isn't a whole lot you can change in a mature device category like this. Edgeless displays? People complain of usability issues and case interference. No top/bottom bezel? No place to put the ear speaker and proximity sensors. Projector that no one would use? FM radio that can't get a decent signal in 90% of America?
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This is a two edged sword.
1) It is great for you so when it finally goes phuttt you are more than likely to buy another iPad
2) If it not so great for Apple that you are not thinking of replacing it for some considerable time to come
I have an iPhone 7. My iPhone 6 is now being used by someone who never had a smartphone before. She won't want to replace it for 2-3 years at best.
If these were android phones then the old one would not be long before the recycle bin. Again good and bad for me and Apple.
That's life and I hope that Apple are doing the sums with longer and longer replacement cycles before issuing guidance to Wall St.
Pretty good numbers taking into account that the only real new part from Apple is the A10 chip in 2016. Everything else was already there.
It's next quarter that we will really know how well the iPhone 7 is doing. There were only two weeks of sales of the new iPhone in this quarter.