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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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2% are more than accounted for with the spare week last year.
So Mac sales are down...
"Apple sold a record 78.3 million iPhones during the quarter, up slightly from 74.8 million a year earlier"
3.5 million more. That's "up slightly"??? if they'd sold ONE less than last year it would have been all gloom and doom and naysayers checking goat entrails for the coming apocalypse. Up slightly indeed! (And this on a phone everyone said was hardly worth upgrading to).
Yes phones are THE product in the chain that is succeeding. Yes, there needs to be diversity. But there is a flow on: people buy Macs to create Apps. I rarely upgrade iPads or Macs lately - they last longer than PCs I've had in the past (ASUS, I'm looking at you with two dead, hardly used laptops - never again!). At some stage I guess I will have to upgrade. My 2007 iMac cant get the new OS update. When it dies, after 10 long years of usage, I will happily buy another Apple product. I would like a wireless keyboard with OLED touchbar Tim if you are listening
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It seems to be a very long pipeline. They sure it's not an endless tunnel? Maybe that's why the new Campus is circular? Ideas are spinning around and around but never actually hitting the departure gate???
3.5 million more. That's "up slightly"??? if they'd sold ONE less than last year it would have been all gloom and doom and naysayers checking goat entrails for the coming apocalypse. Up slightly indeed! (And this on a phone everyone said was hardly worth upgrading to).
Yes phones are THE product in the chain that is succeeding. Yes, there needs to be diversity. But there is a flow on: people buy Macs to create Apps. I rarely upgrade iPads or Macs lately - they last longer than PCs I've had in the past (ASUS, I'm looking at you with two dead, hardly used laptops - never again!). At some stage I guess I will have to upgrade. My 2007 iMac cant get the new OS update. When it dies, after 10 long years of usage, I will happily buy another Apple product. I would like a wireless keyboard with OLED touchbar Tim if you are listening
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I hear the pipeline is awesome.
It seems to be a very long pipeline. They sure it's not an endless tunnel? Maybe that's why the new Campus is circular? Ideas are spinning around and around but never actually hitting the departure gate???
3.5 million more phones is 4.68% more than last year's 74.8 million.
But here's one detail you missed: last fiscal year's Q1 only had 13 weeks. This year's Q1 had 14 weeks. That means Apple actually sold fewer iPhones per week in the quarter that just ended YOY.
You can't just look at one statistic to assess Apple's performance. That's why these earning reports have multiple metrics being reports on and the conference call brings certain things into light (like the timing of new product releases, one-time trademark dispute revenue, currency fluctuations, channel inventory and more) that aren't detailed in the balance sheet or consolidated statement of earnings.
Absolutely not. Gross Margins dropped to 38.5% from 40.1% a year ago Q. Time for change.
Not on a sell-through basis. On that basis iPhone units were up a tad, even accounting for the extra week and even though iPhones remained under supplied through the end of the quarter.
And Q2 will have 13 weeks just like most of Apple's quarters.
Thank goodness for that extra week of reporting amirite? Else your champagne might be a glass of tepid water.
Don't you think analysts factored in the extra week in their models? And the >$500M one-time cheque from Samsung last year? Also, check out how the dollar fared this year.
That was a solid beat, any way you look at it.
Well they could of not increased prices, not like they couldn't afford to.. or how about giving the iPhone more like a higher res screen in the 4.7" model, give more back by adding more features, not take them away as well. It's an alright one trick pony... just didn't like that iPhone 7 camera... iOS 10 has really really really not been my favorite either! Theirs something to use some of that obscene cash on, fix iOS? That's giving something back. Or release a better version in the first place.
Meh let's see what this years one is like.. will I be keeping my 6S? Really can't buy and sell another two iPhones.
Not sure if anyone posted this yet.....but Apple is way to reliant on the iPhone. They keep killing products (Mac Pro, their routers and time capsules) and making their other products very limited (4 damn ports on a $2500 laptop...) imagine if Apple had bad luck like samsung did and had recall all of those 78 million iPhones....because of a bad battery. imagine the reverse karma of those unleashed on those Apple techs having to remove those batteries that are glued to the inside of the phone....lol
But they have had 6S battery issues, Plus models bending and then faults developing with their screens. Loads of issues with the iPhone but they keep selling. Because Andoid just isn't as slick for Jo Bloggs, although Android has the dominant market share by far,
Would be amazing if Apple opened up every private API so people could actually make innovative apps for iOS. I mean....if they are implemented in a nefarious way Apple can see that in the code and reject it from the app store....
Yes, and the new MBP weren't introduced until October 27 so, when you consider that it only affected a portion of the quarter, it didn't have maximum impact.
To those whining about 9%, you have to consider the total. That's still a helluva lot of revenue on 5.4 million units. Silly boys and girls, the Mac is not dead by a long shot. It will get another shot in the arm with the new iMacs this year. Regardless, Mac sales as a percentage may decline further when you consider how big the iPhone number will be with a new super premium 10th anniversary iPhone.
But go ahead and promote your tired narrative about Apple and it's neglect, lack of innovation, lack of great products.
It's all BS. Don't like the new MBP? Fine, scurry off to get an incredibly craptastic Surface. Now, there's product that represents a sizable portion of a Microsoft's revenue....
So you're saying that an investor privy to Apple's financial details down to the penny wouldn't have a competitive advantage over their competition? No sane investor is going to turn down better information.
Take the Apple Watch for example. We barely know anything - R&D spending, revenue, margin, sales distribution, manufacturing cost. Sure it's pennies on the dollar for Apple, but it's the only new hardware category developed under Cook's tenure. Detailed knowledge of it's performance could have an outsized effect of Apple's share price, especially for long-term investors. Tim knows it's a risky product, so he hid it in the balance sheet. Why would he keep that information under lock-and-key if it weren't valuable?
The same way Google depends on Adds. In fact Google depends on adds a lot more.
He's just trying to save you for the predictable gloom in three months when Q2 is 12 weeks instead of the usual 13 and everything will be down a lot...
Nope. I'm still waiting for a new Mac Pro & iMac. I don't care how many iPhones they sold.
