Did you read my post? The countless number of people who said the iPhone X would be a flop, for the reasons I stated. Are you going to claim you’ve never heard any of the excuses I gave?
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Apple Reports Record Results for 1Q 2018: $20B Profit on $88B Revenue, 77.3M iPhones
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Did you read my post? The countless number of people who said the iPhone X would be a flop, for the reasons I stated. Are you going to claim you’ve never heard any of the excuses I gave?
They didn't release a whole other phone that was on sale for an entire month in the quarter prior to the release of this phone. I get that it's popular to hate on the iPhone X, but don't you think it's possible that the other massively successful phone that they had syphoning off only 1 million phones in a quarter is probably not a deathknell for Apple?
Mac is down 5% YOY and iPhone/iPad are basically flat. Wall Street cares more about YOY growth than revenue increases. Maybe in a maturing market Wall Street will give more weight to higher ASP. But the stock is down after hours so Wall Street either didn’t like flat growth or the outlook for the March quarter was meh.
Except PC OEMs saw growth in the current quarter. As MarketWatch put it, if HP is growing and you aren't, there's a problem. I think they should be quicker in keeping the MacBook Pro up to date, as well as the desktop Macs. It may also be time to lower the 12" MacBook price. It's a bit silly that the MacBook Air is still being sold.
Build me a machine for 1/2 price for iMac Pro, I'll buy it right now from you.
At an ASP of more than $100 more, and in one less week.
missed estimates and they sold less iphones than last year, which was a down year...
EDIT: also, last year's flagship iphone sales number is also inherently lower as the iPhone 7 was released in Q3. This year, the iPhone X came out in Q4. So this year's numbers, which included ALL new iPhone sales in 2017, still didn't beat last year's lower and truncated iPhone sales number... I'm not sure that's a positive.
Which is why the iPhone X is so expensive. They knew iPhone unit sales might be less so charge way more so no lost revenue.
Looks to me like a stagnation in numbers while upholding the gross margin corrected for inflation.
Imho this is not too bad considering what other PC makers are doing, but it's not really a great result either. I'd wish for a bit more ambition in the Mac space, they're just "taking it (too ?) easy". Just my 2c.
I’d be willing to bet it’s mostly iPhone 7 / 7+ being sold.
Apple have enough cash in the bank to give every single person in the whole world $37 each.
Let that sink in for a minute...
Let that sink in for a minute...
As I posted above, revenues are way up despite flat sales. Which means devices sold are higher priced. I doubt they sold a ton of iMac Pros so we’re left with the iPhone X.
I don’t care what Wall Street says. Bunch of liars and crooks manipulating stocks for their own benefit.
He just hates the current product lineup and probably wants everyone else to follow suit, ignoring the fact that the numbers tell a different story.
...or that they increased the prices outside North America by 10-15% for virtually all of their products
It shows stagnation since they sell twice as many iPads (unit for unit) than macs.
$88 billion is more than their guidance of $84-87. All they missed are inflated expectations of analysts who are only trying to manipulate stock by setting an unrealistic target Apple is supposed to meet.
or a ton of people bought 8+ models which started at $799 each
"Apple's average selling price for iPhone was $796, up from $695 in year-ago quarter."
It might be nice to have a units number from Apple for iPhone X. But given the ASP (of $796), it's safe to say Apple sold a lot of iPhone Xs.
Agree. X naysayers were totally wrong and it was ironically the X that saved the quarter. 77.3M is not a great number (I certainly expected 80M+). However, ASP was almost $800, so it appears the iPhone X actually saved them. The X must have been a huge part of the mix and the iPhone 8 disappointed.
iPhone revenue was a record at $61.5B versus $54.3B last year.
iPhone X was DEFINITELY a savior here. iPhone 8 is truly the disappointment. I am actually not happy with the 77.3M iPhones and I blame it almost entirely on the too boring iPhone 8.
HobeSoundDarryl
macrumors G5
Did you factor out Apple's debt number? It's no longer a minor amount.
They can still buy everyone a lunch though. And yes, that is still amazing.
you could say the same with the guidance numbers...given by management who want to look good.
The estimates were based on last year's performance.
also, read my edit to my original reply.
It is amazing to me that a company can sell 77.3M of something with an average selling price of $796 and it’s considered a worrisome number that will require a lot of explanation on the earnings call (commentary I’m seeing in my Twitter feed).