Apple Reports Record Results: $18.4B Profit on $75.9B in Revenue for Q1 2016 on 74.8M iPhones

Overall solid numbers. Better than I had expected.

 

Apple is doomed. Obviously.

 

Astonishing performance. Gross margins increased? Wow. And how about that dividend.

Now watch the haters dig for that needle in the haystack to poke the company with.

 

The article has revenue and profits reversed.

From 74.5 million to 75.8 million is less than a 0.5% increase -- essentially zero growth. Not updating the phone-sized iPhones for 2.5 years was huge mistake. Not everyone wants a phablet-sized iPhone. I predict that iPhone sales will return to growth when Apple introduce an up-to-date 4" iPhone.

 

Mac sales seems to be proportionally down compared to the trends of previous years.

 

But but but... I thought iPhone sales were supposed to be DOWN and that part of their business was slowing...

Lol, I'm loving this.

 

Won't be enough for the market i guess, Apple's growth has leveled off.

 

Amazing

 

Looks like Steve died again...

 

Poor ipod!

 

Sigh, that is it. Apple is doomed. Clearly no one buys iPhones anymore.

 

$6.1B monthly profit is poor by any standard.

 

Everyone was predicting a down quarter. Even the down quarters at AAPL are still slightly up.

 

Can someone educate me a bit... is the iPhone "next" program that's on every carrier and Apple is selling the iPhone this way as well going to be a giant growth generator for Apple? I would normally buy an iPhone every 2 years and now I'm getting one every year. Will we see the benefits next year and beyond?

 

$76b in profit? WTF?

 

Wow, iPods are literally nothing in that graph

 

And the iPad pro didn't make a big impact, but that was not expected anyway.

 

That's short of Wall Street's projected $76 billion. Investor translation: SELL!!! SELL FOR YOUR LIVES!!!

 

Considering there hasn't been a meaningful update to any of the Macs in eons, a .2% dip doesn't seem too bad.

Also, the Apple watch didn't even warrant a callout in their revenue pie.

 

While iPhone sales aren't "down" (and I'm extremely happy about that), it's not "77 Million" (and I know that shareholders (and ESPECIALLY Android fanboys) are going to end up saying Apple's still doomed.)

Also, the fact that everything else is either still down or they're "so-so" does worry me a little.

 

Waiting for the real iPhone sales breakdown as are Apples main investors. Those iPad sales are very very poor, nearly a quarter down!! Shares will take a hit for that.

I think the more one trick pony company Apple becomes, the harder the share price will fall once those one trick sales fall.

 

With the unit number for iPhones being so close to last year's 1Q number, I'm really curious to hear what they say about channel inventory for that product. Did they push a few extra units into the channel to make sure they had YoY growth?

At any rate, as a long-term investor I'm pretty happy with these results. This was the first quarter in a long time that I was a little nervous about. There are so many headwinds for Apple, there was a possibility I thought that this report would disappoint (me). I wasn't expecting it to, but like I said I was a little nervous.

A $5 billion currency effect? Wow!

 

Apple's profit margin on iPhones is so ridiculously high, I wonder what would happen if they decided to slash their prices by $200-$300? I bet they would not lose any revenue, as they would just sell greater quantity.

 

Are your revenue and profit numbers switched?

For the quarter, Apple posted revenue of $18.4 billion and net quarterly profit of $75.9 billion, or $3.28 per diluted share, compared to revenue of $74.6 billion and net quarterly profit of $18 billion, or $3.06 per diluted share, in the year-ago quarter. Both revenue and earnings were company records.