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Apple Reports Record Results: $18.4B Profit on $75.9B in Revenue for Q1 2016 on 74.8M iPhones
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iPad Pro not a big seller as expected. Always figured it was a niche product.
Looks like Apple was still able to squeak by and report iPhone sales growth again. It's starting to become pretty close though, wonder when we will finally see them decline?
Though it's pretty funny that this now means all of those rumor blogs claiming the sales were slow or in decline are wrong.
Doom is postponed for another quarter.
Looks like Apple was still able to squeak by and report iPhone sales growth again. It's starting to become pretty close though, wonder when we will finally see them decline?
Though it's pretty funny that this now means all of those rumor blogs claiming the sales were slow or in decline are wrong.
Doom is postponed for another quarter.
The one thing that stands out is how overwhelmingly dependent on only one product Apple really is. That product being the iPhone.
They are doing great now, but if the iPhone were for whatever reason to not sell so well in future they'd be in trouble.
They are doing great now, but if the iPhone were for whatever reason to not sell so well in future they'd be in trouble.
Why? They sucked in 4.351 BILLION off sales of Apple TV, Apple Watch, Beats products, iPod and Apple-branded and third-party accessories. That's a 62% year-to-year increase!
It's the iPad I'd be feeling sorry for--it saw a 21% drop in year-to-year revenue.
It hasn't been on the market nearly long enough to have a sizable impact on existing iPad trends.
But I agree in its not to be expected, anyway.
Last years iPhone sales were amazing. For them to keep that up is an achievement. I know Wall Street loves growth but Apple are still insanely profitable.
The lack of iPhone growth doesn't spell doom for the company - it might if they were loosing ground to a competitor, but they're not.
The lack of iPhone growth doesn't spell doom for the company - it might if they were loosing ground to a competitor, but they're not.
The iPad Pro bigger than Mac? I do not see that in the data. You must surely mean the iPad platform and not only the iPad Pro that I was referring to.
LOL yes, they are barely getting by. I mean, the billions generated by the watch sales that "no one is buying" is dwarfed by the revenue your personal company is making. What was the name of it again?
That's always a bit of a slow quarter anyway, as people put off iPhone purchases until the new models come out.
Also, I'm sure that $50-$53Bn will actually work out as an increase on a "constant currency" basis.
They mean in comparison of the sales from the same quarter the previous year. This quarter this year was the smallest gain over the previous year of the same quarter since the iPhone debuted.
Why are you loving this? Stock (assuming you actually own more than a modicum of shares) has been flat for 18 months and is no longer a 'growth' stock. We are getting charged premium prices for an increasingly wayward collection of products (Watch, new MacBook, entry level iMac, Mac Mini, etc.) Apple seems to be wasting their time chasing markets they have no hope of cracking (TV and automobiles) meanwhile the only 'trick' they have is to make their stock products bigger or smaller.
I was hoping for some news that would relight the fire of innovation instead of the status quo. But as long as the iPhone profit rolls in like clockwork every year, it'll be business usual.
Let's see the guidance for the next quarter. THAT is what everyone is waiting for (beware there may be a SELLOFF). Also, how did Apple increase Revenue and Profits if iPad and Mac sales were down, and iPhone sales were flat? Is Apple Watch doing better than expected?
$18 billion profit in 3 months. Here's to 5400RPM drives for the next 20 years. 
If you remove iPhone, how does the revenue / profit compare to other big tech companies like Google or Microsoft?
It's unfair to call Apple a one trick pony. They're working on a variety of products and seem keen to innovate across the board - just because one of their products is so wildly successful to dwarf the others in a relative sense, doesn't mean the others are small on an absolute scale.
It'd be the Walmart model then. Sell more widgets for less money, make less profit, but higher revenues.
Isn't that the same as saying Google is nothing without search/ads and Microsoft nothing without Windows? Everyone has something that is their bread and butter.
Remove the iPhone and Apple still generates more revenue than a significant number of companies.
The BBC are utterly crazy. To quote:
"The US tech giant sold 74.8 million iPhones in its fiscal first quarter, compared with 74.5 million a year ago.
Analysts had expected Apple to sell 75 million phones but sales were slower amid a saturated smartphone market."
Apple's net profit was $18.4bn and Apple achieved 99.87% of the 'analysts' prediction, on an S model revision. Additionally iPad sales were reduced but that's with the main iPad Air 2 being 12 months old!
Tim Cook needs to take Apple private and get away from these loons.
"The US tech giant sold 74.8 million iPhones in its fiscal first quarter, compared with 74.5 million a year ago.
Analysts had expected Apple to sell 75 million phones but sales were slower amid a saturated smartphone market."
Apple's net profit was $18.4bn and Apple achieved 99.87% of the 'analysts' prediction, on an S model revision. Additionally iPad sales were reduced but that's with the main iPad Air 2 being 12 months old!
Tim Cook needs to take Apple private and get away from these loons.
Wasn't it their Services and Other division? Presumably other was led by Apple Watch and Apple TV.
The Guardian is also reporting stagnant iPhone sales. - slowest ever iPhone growth.
http://www.theguardian.com/technology/2016/jan/26/apple-iphone-sales-projected-stagnant-q1-2016
Isn't this entirely predictable though? the iPhone passed its perceived technological peak a few years ago. Now it's all about incremental updates - lets face it the underlying technology just isn't there to create big strides anymore. People just don't feel the need to upgrade every year or even every 2 years now.
The iPad passed this point years ago as well - and without the push of contracts there simply isn't any real reason to upgrade for the majority of users.
http://www.theguardian.com/technology/2016/jan/26/apple-iphone-sales-projected-stagnant-q1-2016
Isn't this entirely predictable though? the iPhone passed its perceived technological peak a few years ago. Now it's all about incremental updates - lets face it the underlying technology just isn't there to create big strides anymore. People just don't feel the need to upgrade every year or even every 2 years now.
The iPad passed this point years ago as well - and without the push of contracts there simply isn't any real reason to upgrade for the majority of users.
Sure, but it needs to be taken into context of what the entire market is doing. Considering what is going on with a decreasing oil price and China collapsing on a daily basis it is pretty clear consumption is set to go down a bit. That will affect the entire industry. If Apple is still able to outperform the market, then shareholders will be happy (although Apple's share price has been finicky and impossible to predict for a long time).
But a decrease (and increase) need to be seen in context. Not just on its own as a line graph of the performance, as that does not tell you enough.
Take iPhone out of the equation and apple isn't apple and only making 32% of what they're currently doing. I'm afraid to invest in apple since one product is 68% of their business.