Exactly, Apple is doing well. The 6 line of phones are pretty darn good and people might upgrade over 3 years versus 2. Plus carriers are eliminating the subsidies as well....and the will effect sales to some degree.
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Apple Reports Q3 2016 Earnings of $7.8B on $42.4B in Revenue
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It's not modern business culture, it is simply how the stock market works. What other reason should anybody have to invest in stocks, hoping for a profit, if not for growth of the company? What is YOUR criterion to choose a stock?
If you're making, say $1b a year in profit year over year, that's awesome. But in business culture that's considered failure. Regardless of "how you pick stocks", growth should not be the only metric the defines success.
And infinite growth is definitely unsustainable.
"Cook says Apple has incredible products in the pipeline and is very bullish about the company's future."
Indeed incredible, what they do....no headphone jack, drop the 64GB...this fall will be awesome! Probably finally a protruding camera in the iPad Pro, and because people liked it, an even bigger camera bump in the iPhone 7.
Incredible new macs, now only 600 extra for 1 TB SSD...
and an incredible old Mac Pro...
Indeed incredible, what they do....no headphone jack, drop the 64GB...this fall will be awesome! Probably finally a protruding camera in the iPad Pro, and because people liked it, an even bigger camera bump in the iPhone 7.
Incredible new macs, now only 600 extra for 1 TB SSD...
and an incredible old Mac Pro...
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Apple today announced financial results for the third fiscal quarter (second calendar quarter) of 2016. For the quarter, Apple posted revenue of $42.4 billion and net quarterly profit of $7.8 billion, or $1.42 per diluted share, compared to revenue of $49.6 billion and net quarterly profit of $10.7 billion, or $1.85 per diluted share, in the year-ago quarter. As expected, the results represent the second consecutive year-over-year declines in quarterly revenue and iPhone sales.
Gross margin for the quarter was 38 percent compared to 39.7 percent in the year-ago quarter, with international sales accounting for 63 percent of revenue. Apple also declared a quarterly dividend payment of $0.57 per share, payable on August 11 to shareholders of record as of August 8. The company currently holds $231.5 billion in cash and marketable securities, partially offset by $68.9 billion in long-term debt.
![Screen-Shot-2016-07-26-at-4.37.01-PM-800x559.jpg]()
Apple sold 40.4 million iPhones during the quarter, down from 47.5 million a year earlier, while Mac sales were 4.25 million units, down from from 4.8 million units in the year-ago quarter. iPad sales were also down once again, falling to 9.95 million from 10.9 million.Apple's guidance for the fourth quarter of fiscal 2016 includes expected revenue of $45.5-47.5 billion and gross margin between 37.5 and 38 percent.
![Screen-Shot-2016-07-26-at-4.37.08-PM.jpg]()
Apple will provide live streaming of its fiscal Q3 2016 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.
Conference call starts at 2:00 PM Pacific - No need to refresh
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Article Link: Apple Reports Q3 2016 Earnings of $7.8B on $42.4B in Revenue
Their Mac sales wouldn't be tanking if they weren't laughably behind on their updates of the Mac line.
iPhone sales were down because a lot of people got the iPhone 6 and from that point on were tied into a two-year contract. That'll change this year. Seriously. It's not the end. "Android looking phones"? Are you serious? Nearly EVERYONE has copied the iPhone 6 in some way.
Perhaps you should jump ship and let us know how you get on? Didn't think so.
'In the pipeline' doesn't mean 'products currently shipping'. So let's hold off on cynicism until the end of the year.
Rumors and what different people imagine aren't really what the reality is or will be. The future is also more than just the next half a year or even a year or so.
At this point, the wheels have come off and Cook is in way over his head.
You're only looking at wild growth stocks. Plenty of huge companies have stagnant profits. Those tend to give out higher dividends to return money to investors. It's fine.
If you have a lot of money, you can live off of 3% quarterly dividends from a safe stock like SPY (S&P500 ETF; dividends are from the blend of stocks it represents). It's even taxed less than normal income in some cases.
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Funny how that works. Apple keeps on setting records or announces new things that people are excited about and the stock usually goes down, Apple simply does better than expectations (pretty much just feelings essentially) and the stock is up.
Of course, such a result is awesome, generally speaking, and nobody with a sane mind would consider it a failure. But in stock market context, if a company stops growing (even coming from a higher level than anybody else), but starts shrinking, OF COURSE its stock price will fall in the long run – or do you really think the buying metric should/can be: "Well, they make less and less for X quarters now, but still very impressive ..."? That's absurd. If you really believe this you simply don't understand the fundamentals how the stock market works.
So not setting historic worldwide records all the time while still making crazy money spells out doom. I'm guessing a lot of companies would love to be be doomed like that.
My old tech 2007 MBP 17" still runs rings around many newer PCs.
(To be fair I put an SSD into it and a few mem chips, but max is 6GB)
Probably left older PCs in the dust which broke long time ago.
My 2014 15.4 is also alive and well. Just put in 1TB SSD from OWC.
While I am also waiting for new MBPs, I don't upgrade immediately.
I don't do desktop or mac pros any more, but the same is valid for those.
Macs are the most versatile, as they can also run PC software via bootcamp.
So, people who buy macs may know a few things, rather than going for image or tech.
They are easy to use and last, last, last.....did I mention last?
Now, if Apple would get off the pot and spend some time on macs,
that would be nice, but for now all I am doing with my macs works just great.
hes been saying this line ever since he took over as CEO. i think thats what the poster is making fun of
Seems to me the comments section of MR is more stale than any Apple product.
Amazing how when the stock is down after hours everyone comments on that. Today it's up 7% after hours and it's crickets with a bit of Tim Cook has to go sprinkled in.
I really wanted some shareholder to get on the call and ask Apple why they are being so laggard that only one Mac model has been updated in the last year, and some models are more than 2 and 3 years old.
And don't feed me the usual line about how only iDevices matter. Look at that pie chart. Macs aren't a tiny sliver--they are 12%.
And don't feed me the usual line about how only iDevices matter. Look at that pie chart. Macs aren't a tiny sliver--they are 12%.
Students and programmers all have MacBook Pros because they get the job done without any fuss and have the nicest hardware (not just referring to chips). I don't know a single person who I'd suspect of buying one for the image. I know plenty of people who most definitely buy Razors and Alienwares for the image.
Which reality? iPhone sales are down, iPad sales are down. The only numbers that went up are services. AAPL will not bet at $120 in 2 weeks.