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Apple Reports Record Results for 1Q 2018: $20B Profit on $88B Revenue, 77.3M iPhones
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Interest rates are going to rise an estimated 3x this year ... they're shot 1x raise in 2017. We don't know if these are full percentage raises or just small basis points.
That said Yellen and team already unanimously voted on Thursday no rate hike. So that shouldn't affect markets February 2nd.
How bout add to that — that Tim Cook is a moron and doesn’t know what he’s doing —- quadrillion posts and counting.
Yea counting alright. Apple achieves its biggest quarter ever and a nearly $800 ASP on its devices... $20 BILLION in PROFIT. Apple Watch sales up 100%, AirPods are flying off shelves — wasn’t the watch “doomed” to fail, the AirPods as well?? —- and maybe just maybe Apple “realized” a slowdown in upgrades and purposefully added a higher price point iPhone device to offer more choice and boom it works...
Hasn’t just the Watch and AirPods been transformative devices? I thought only Steve was capable.. credit deserved where credit is due..
I own an X. It’s not a device for all. What device is? Question mark.
Tim Cook — YEA what an idiot -/.
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Evidence for that?
As someone who worked in several tech companies in Silicon Valley, we didn’t spy on our competitors. We bought industry research, just like financial analysts. We only knew for sure what our competitors reported.
I don’t think it happens a lot but I definitely got some confirmation that it happens from someone. I’ll leave it at that.
Well we see plenty of leaks from the supply chain so it's clear there is active espionage being practiced there.
As iPhone sales plateau it seems the only way they can increase revenues is to increase the average selling price. They can’t keep doing that year after year.
Apple need to use their cash pile to diversify their product portfolio and add additional revenue streams. Using the cash on stock buybacks is a short term fix that will help the current VPs to make a fortune on stock sales but it will do nothing to help the long term growth of the business.
Apple need to use their cash pile to diversify their product portfolio and add additional revenue streams. Using the cash on stock buybacks is a short term fix that will help the current VPs to make a fortune on stock sales but it will do nothing to help the long term growth of the business.
Also need to note the X wasn’t available until Nov 4.
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Buffett likes buybacks and Apple is not using cash it needs to run the business for buybacks. It’s excess cash. They create long term value.
Apple isn’t going to make a big acquisition. Not in their DNA.
Apple has several revenue streams and is creating a long term services business with high margins and customer loyalty. The more devices, the more services.
iPhone being such a big piece to the pie isn’t necessarily a bad thing. Their other businesses are bigger than entire companies in the s&p 500.
Yes agreed. Corporate espionage is alive and well and is a fact of life; some people profit handsomely from that.
I wouldn’t quite agree on the AirPods being transformative for the following reasons:
I get the same great quality for voice calls on my Jabra Stealth’s. Sure it’s not stereo but having great voice quality equal to an industry standard in stereo is an upgrade.
Ability to pair across multiple Apple devices that’s greatness, transformative but just one feature so maybe it gets that but not in my books. Not like the mouse, click wheel, implementing the crown as digital to retransform an existing and intuitive purpose and experience for the digital watch that’s transformative. Mouse changed everything we do with computers (I was 7 when I used a terminal at my moms work).
What would’ve been transformative is using the W1 chip for security as well in 2 ways: encrypt the voice calls so as not to be ease dropped on, as well as once paired to an ICloud account and device set the item cannot be Bluetooth paired to another product (Apple or competitors). Eliminate locker room and office theft of headsets (Studio/Solo3’s and AirPods).
Still a great product what took them so damn long though?!!!
Expect W2 to have these features in future devices 2nd half of 2018. Also to have audio tuning in future Beats products as well.
Honestly people, sorry that you are disappointed by an all time record. When something really bad or good by your standards, please come out and “celebrate”, otherwise just go and die of disappointment!