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Apple Reports Record Results for 1Q 2018: $20B Profit on $88B Revenue, 77.3M iPhones
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Somewhere in the conference call, Luca mentioned paying over $100B in taxes, worldwide. Governments can use those taxes to help a lot of people, a lot more than if Apple weren't nearly as profitable. $0.1T could end homelessness if governments didn't waste the extra tax revenue they got compared to if Apple never existed.
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The dividend often gets bumped after the Q2 results.
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Banworthy, IMHO. I'll settle w/ a moderator private notice. Truth.
Isn't kind of... I'll say it-- pathetic, it's been "Apple: The iPhone Company" for the last decade? Makes it mind-boggling the even made it to 2007 w/ perpetual single digit (I'll say it again
pathetic sales. Also, besides the X, the physical attributes of iPhone has been stale for at least 3 cycles now. They reached all they heights in physical casing. They now can't rest on their laurels & make future sales internal chips & ecosystem software.
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It is not him who needs to do anything, but the critics and the detractors who have been dead wrong time after time, year after year who really ought to examine their own sources and bias. Maybe try to understand Apple a little more before shooting their mouth off. They may not like Apple very much, but Apple is not going to fail because of a few hurt feelings.
Just to elaborate a bit, 52 calendar weeks per year gives you 364 days. Along with a leap year, about every five to six years Apple has to throw in a 14 week quarter to keep from losing ground against a 365.25 day calendar.
it's not popular in Europe as the price is much higher than in US. I know quite a lot of people with Appl phones, but none of them bought IPX. would u buy IPX 256 for almost ~1700USD? This is insane. Majority of people are not that crazy and this will be nicely visible in the next Q report
Actually that's a GOOD thing! Services are growing for cash flow and profits and lessening a bit the dependence on iPhones. All this is good news for shareholders IMHO
One week less in the quarter than the previous year. Adjust your numbers for "per week" instead of "per quarter" - What do you find?
Nah. Last year was 14 weeks, so it had 4.97 million in sales, comparatively.
haha...So true. And it is not the first time. whole quarter you see all internet bragging about how Apple is doomed. Those same screamers goes underground after earning report
That $64.44B estimate is completely out of touch with reality, since last year Q2 was 52.9B
So $60-62B forecast is really high as it is.
These numbers certainly indicate a high ASP for the iPhone which proves the popularity of the iPhone X upon release. It will be interesting to see if the next earnings report indicates a continuation in popularity of the iPhone X. There's an indication that iPhone X sales are greatly reduced currently.
Apple Hater's yearly schedule:
- whole quarter brags about how Apple is doomed
- See earning report, goes underground
- repeat
- whole quarter brags about how Apple is doomed
- See earning report, goes underground
- repeat
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Have you heard of leasing a iPhone most people lease phone and pay monthly installment so no one gives a hell about the price. Second FaceID works with me all the time but I do wish if there was two iPhone X options one with Touch ID and the other with FaceID for those who wants to keep the Touch ID and without the notch since the Notch houses the Face ID equipment. Third if you don't like the glass back I guess you didn't want Apple to implement wireless charging on a iPhone. Well if you think about about the iPhone X was a premium iPhone while the iPhone 8 did get some hardware updates such as the chips within the phone but with the price tag isn't bad to upgrade and brings wireless charging that most people wanted. The iPhone 8 was more like a iPhone 7S.
Now the naysayers on Twitter are saying the dismantling of Steve Jobs legacy continues because...wait for it...Apple has decided to no longer hoard obscene amounts of cash.
Absolutely agree. In dissecting this quarter more, it was insane. I would have liked to see better unit sales from Mac and iPhone, but Mac appears to be getting some attention soon and iPhone is in a bit of a transitional period due to the higher price points. If they can get ASP above $800, they can offset some unit sale compares and still make a lot more revenue (which they did y/y).
All in all, I expected more revenue, but the bottom line EPS was up 13% y/y and revenue was still above the high end of their own guidance. You can see the shares recovered from a small dip when Apple explained the numbers and people digested things a bit more.
The Wallstreet estimates seem to be just made up numbers and then they are disappointed when it's not what analysts "expected." I fall victim to thinking about that too much as well.
Look to the next quarter. They also need time to reassess the new tax laws and what that means to them.
Obviously selling a much higher cost iPhone will improve ASP. But to say what percentage sales of the X vs increased cost of the iPhone 8/8s created this is impossible without the numbers.
Horribly stagnant iPad sales, they are not throttling them enough!
Wish I'd bought some shares back in the day!
Good to hear they are doing well. Hopefully all that profit will get channeled to the Mac Mini R&D department.
Good to hear they are doing well. Hopefully all that profit will get channeled to the Mac Mini R&D department.
And I misspoke. I meant to say the last (not only) time Apple had a YOY increase that high in the March quarter was 2015. But even some bullish Apple analysts on Twitter are saying March guidance is soft. Again, soft based on what?
"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."
Funny how most of the time here on MacRumors, analysts are dismissed as idiots who either engage in navel-gazing or making stuff up, coming up with their analysis and assessments. But today, nope. They're industry experts.
Cracks me up.