I think they said that Apple can continue with day to day operations for 70 years with the cash they have today.
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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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Not a great analogy. In the case of sales, the amount of growth can be an indicator for future quarters. When the increases get smaller that can mean that growth tops out and then starts dropping. Sports analogy doesn't fit with that part.
iPhone revenue was up about half a billion dollars, services revenue was up about one and a quarter billion dollars, and Apple TV/Apple Watch/Beats/iPod/Etc revenue was up more than one and a half billion dollars. That's how revenue grew YoY.
Non-operating income was also up a couple hundred million dollars, and income tax provisions were down about as much. That's how net income grew YoY even though operating income was actually down a little (due to increased operating expenses).
Wow, Apple TV and Apple Watch must have done well. That "Other" category is like, actually visible now.
I think a lot of times people don't necessarily read the article. There are probably a lot of people who just see the headline and go "oh man Apple is having bad iPhone sales" skim on to the next headline.
Well there out the window goes the usual MR argument that 16GB iPhones were gonna screw up Apple's iPhone business. Haha.
Another possibility, also not what investors want to hear.
I don't get the argument either. People should just buy what they can afford/need. It's like me complaining because I can't buy a Ferrari.
Great results given the worry over lack of sales recently
The pro was never going to completely save the iPad sales
The pro was never going to completely save the iPad sales
Well iPod sales are now in the other category, which also includes the Apple Watch, the Apple TV and all the accessories. Other sales accounted for 6 %.
I hope people remember this next time they bitch because Apple raises the prices in the UK, Canada, etc. because of currency fluctuations.
That's a lot of money to explain to your shareholders.
Apple revenue minus iPhone would be roughly $24B. Microsoft's revenue for Q4 2015 was $22.2B. Google's was $18.1B for Q4 2014. These aren't all like-for-like in terms of timing, but it gives you a rough idea.
Apple makes 5 hardware products that have earned the right to sit atop it's website. It regularly updates all of them.
I think it's unfair to call it a "one trick pony" because of one them (the iPhone) is doing insanely well, relative to the others. If iPhone was plodding along the same as the others, you'd still have a very financially successful company. Would you feel better about the company because revenue was more evenly distributed?
But it's a good thing the iPhone has done so well - it means they can invest in more technology that makes its way into all of their products.
Only in some alternate reality. Look at the chart at the top of this thread. If you look at the trend from '12 to '13 to '14, you see steady growth each year, but not a fantasy-land line approaching the vertical. Then there's a huge jump in '15, followed by a more moderate increase with the latest report. Finding something negative in this is all about not meeting "market expectations," which are fantasy predictions based on hookah smoke and hokum. It's all just nonsense generated by the 'financial news' entertainment industry.
The phone market may be becoming saturated... but not everyone has an Apple iPhone yet.
1.4 billion smartphones were sold last year... but only 230 million of them were iPhones.
So Apple still has plenty of room to grow in the phone market.
I don't buy the currency thing. Apples whole supply chain is in US$ making all of their components cheaper to source.
Most readers don't get past the headline. I guarantee that tomorrow at work (Tech company) there will be more than a couple of Android users telling me that iPhone sales are collapsing.
Well if you remove 68% of revenue from its earnings I guess you'll have your answer. When nearly TWO THIRDS of your entire companies earnings come FROM ONE PRODUCT it's a one trick pony. Why else do you think big investors are worried about Apples situation?
Because they're greedy? Without iPhone, Apple's revenue is equivalent to that of Google and Microsoft - and Apple have a higher profit margin. So, would that make analysts feel better? No iPhone (or a much less successful iPhone) so that profits are divided nice and evenly?
Put another way... if you just set aside the profits in this report, the company is really in bad shape!
Changed your argument now then? You asked how are they a one trick pony, I told you, and now your going on about analysts being happy?
Last time I looked analysts weren't major share holders?