***Lots*** of people waiting for iPhone 6s/7 tech (button-less home button, force touch, etc.) to show up in an iPad.
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Apple Reports Record Results for 1Q 2017: $17.9B Profit on $78.4B Revenue, 78.3M iPhones
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An all-new MacBook Pro form factor and the needle barely changed.
Although the TouchBar models were only available for about 1/2 of the quarter, so we can't gauge how much farther the needle might have moved.
An analyst comment in the call, was that the ASP went up because of currency fluctuations.
One of the analysts also questioned Apple about their talk of more switchers to iOS, yet iPhone sales were about the same. So did that mean that fewer iPhone owners were upgrading than usual.
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I purchased an iPhone 6+ two weeks after the release of iPhone 7.
May be my last iPhone.
Maybe...
If you account for the 14 week quarter (instead of the usual 13 weeks),
- weekly iPad unit sales were 13.1 million / 14 = 0.94 million vs. 16.1 million / 13 = 1.24 million, ~24% drop
- weekly iPad revenue was $5.5 billion / 14 = $0.39 billion vs. $7.1 billion / 13 = $0.55 billion, ~28% drop.
- iPad ASP was $5.5 billion / 13.1 million = $420 vs. $7.1 billion / 16.1 million = $441, ~10% drop
I don't know how you spin these into anything positive or even neutral...
Meanwhile, the Mac:
- weekly Mac unit sales were 5.4 million / 14 = 0.39 million vs. 5.3 million / 13 = 0.41 million, ~5% drop
- weekly Mac revenue was $7.2 billion / 14 = $0.51 billion vs. $6.7 billion / 13 = $0.52 billion, ~0.2% drop
- Mac ASP was $7.2 billion / 5.4 million = $1,330 vs. $6.7 billion / 5.3 million = $1,260, ~5% increase
And iPhone:
- weekly iPhone sales were 78.3 million / 14 = 5.59 million vs. 74.8 million / 13 = 5.75, ~2.8% drop
- weekly iPhone revenue was $54.4 billion / 14 = $3.89 billion vs. $51.6 billion / 13 = $3.97 billion, ~2.2% drop
- iPhone ASP was $54.4 billion / 78.3 million = $695 vs. $51.6 billion / 74.8 million = $690, ~0.07% increase
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iPads are more expensive to produce and are sold at a cheaper price point than iPhone.
How can they show earnings when it was only 16GB RAM
Lower sales, higher margins?
What about the predictions that iPhone is dying and so will Apple without some new breakthrough product?
It's understandable that a product like the iPhone has 70% of their business, but that doesn't justify Apple not paying sufficient attention, if any, to their Macs.
That makes no sense. As a non-shareholder customer I'm concerned with what is available to buy not how much profit a Apple made.
An all-new MacBook Pro form factor and the needle barely changed.
People don't change their laptops often. I have only just upgraded my 2010 15" MBP...and it didn't really need changing as it was still running perfect with an SSD and 16Gb. If I didn't want a smaller form factor, it would have lasted another couple of years easy.
Obviously quarterly sales data is meaningless. An 18 month running average makes more sense.
As a customer you have the freedom to buy from a different vendor if you are unhappy with Apple's offerings. As a shareholder a person has the freedom to sell their shares if they are unhappy with the return on their investment.
I am both a customer and a shareholder. As a customer I am impatient for new product offerings and I might have to go elsewhere. As a shareholder, I am happy with the return on my investment and my dividends which this year I hope to use to buy new Apple products if they meet my needs.
Watching the stale Mac lineup is so disheartening.
But you seem to have no problem with it, apparently.
The Securities and Exchange Commission (SEC) requires publicly traded companies to file quarterly earnings reports. Stock prices hinge on those reports.
Every publicly traded corporation releases earnings data on a quarterly basis. They've been doing that for half a century now.
Nothing is stopping anyone from comparing the data from five or six quarters ago to the current quarter's data and making decisions on an 18 month basis.
iPad sales were down, but the sell-through comparison was better than the (reported) sell-in comparison. Sell-through was about 13.8 million this year versus about 15.2 million last year. Mr. Cook indicated that they underestimated iPad demand this past quarter and that exacerbated a component shortage problem making iPads (I'm guessing just certain models) supply-constrained for this past quarter.
When it comes to the ASP, the large Pro model was launched during last year's first quarter. So there would have been initial channel build and the initial round of sales for that higher priced model which would have elevated the ASP for last year and made for a tougher comparison this year.
No.......actually we get updated to the latest OS update on almost 90% of all iOS user devices. Ohh, and because of that we get the most developer devoition of any tech company out there, which means when there's a new iOS device feature out there, or new OS feature you can bet on day one those new features will be added by devoted developers almost instantly. Unlike most Mobile OS's out there that barely have 5% of there users on there latest OS. This is something that both Microsoft & Google (especially) have struggled with for years, & something they would kill for literally. It's what gives Apples devices such a great experience to use.wow this is awesome guys!
We are rich! we are rich!!!!!!!!!!!!
woohoo!!!!!!!!!!!!
oh wait.. no nevermind
So..... yeah. I would have to say iPhone users are rich in great devices, with great user experiences.
She (i.e. the questioner) referred to Apple having to raise prices in areas with weakening currencies, yeah; but that doesn't necessarily translate to higher ASPs as Apple reports them (in US Dollar terms).
If anything I'd expect the currency effect to be to the contrary, to lower Dollar-denominated ASPs (when comparing to another time, that is, though obviously not when comparing to the alternate reality of not having raised prices). Mr. Maestri suggested as much with what he said in response to her question, though he didn't explicitly say that ASPs were lower than they would have been without negative currency effects.
They try to balance raising prices enough to maintain margins with not raising prices too much and harming demand, which means that margins (and Dollar-denominated ASPs) typically do suffer somewhat - just not as much as they would if prices weren't raised at all. And often enough Apple doesn't raise prices as soon as local currencies weaken (relative to the Dollar), they wait until they feel they really need to. So even if a price change brings margins (and Dollar-denominated ASPs) in line with or somewhat above what they used to be, there will often have been a period of time when they were lower due to the weaker local currency.
They also indicated that demand for the Plus model was greater than they had expected in this past quarter. I think that was a major - if not the primary - reason that the iPhone ASP went up.
On the switchers / upgraders issue: Mr. Cook indicated that in absolute terms, both the number of switchers and the number of upgraders were the highest they'd ever been. He also said that the upgrade rate was similar to what it was a year ago, but added that it was difficult to draw conclusions from that because iPhones were supply-constrained during the quarter.
WHAT! One week really. & even to hold that type of growth # for 2 years in a row i
WHAT! One freakin week, really. & even to hold that type of growth 2 years in a row is insane. Also.... not much growth compared to what other company out there in history. In pretty sure any other tech company out there would kill for this type of "not much growth".
Well, it was an actual decline in total profits & revenue and also across all categories except services if you look at it by week...
https://forums.macrumors.com/thread...e-78-3m-iphones.2030398/page-10#post-24257820
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I think it's impressive as a single laptop release got the highest ever Mac sales. Think about all the years Apple had 5 different Mac lines out going into a holiday season. This MacBook Pro just smashed some records.
Oh dear, I'm slaughtering goats now to check for signs in their bowels. Doom is coming for sure.
Tim should be drawn and quartered for posting misleading 14 week results.
Wait til next quarter when you don't have all those immigrants fudging the figures. How many people stranded at your airports were using Apple products?