“This week could have looked much different for Apple if the company’s Q3 earnings report had been as bad as many were preparing for,” Bill Maurer writes for Seeking Alpha. “The technology giant beat lowered expectations and Q4 guidance wasn’t as bad as the street had feared.”
“This bodes well for the initial launch of the next iPhone in September, but the true test will come in the December period when comps are much harder,” Maurer writes. “After Wednesday’s rally, Apple shares are still a dollar and change from where they went into last quarter’s report, but they are more than 15% off their 52-week low.”
“Mac sales were a little soft as the PC industry continues to weaken, but we got extremely strong unit sales and selling prices from the iPad,” Maurer writes. “Compared to expectations and percentage declines, this was probably the tablet’s best quarter in a couple of years, and that could bode well for the second half of 2016 if the company refreshes most to all of its model lines.”
MacDailyNews Take: Ditto for the Mac.
Maurer writes, “While many analysts said this was the bottom for Apple, the harder test will come in October…”
Read more in the full article here.
MacDailyNews Take: New Macs, please. There is significant pent-up Mac demand out here. Perhaps, that (some nice high-margin Mac outperformance) is what Apple’s banking on for the holiday quarter?
Tim Cook escapes by the skin of his teeth. If the negative trends continue I think Timmy will be revising his CV.
I don’t blame Tim Cook for the weak economy but he should have easily realized over a year ago that the smartphone market was saturated and Apple should have been expanding their business into other areas like most major tech companies have done. Apple was warned over and over about their slowing iPhone business and did nothing about it. Meanwhile other tech companies were offsetting their revenue declines in other ways. Tim Cook trying to sell more iPhones to increase revenue is like trying to get blood out of a stone.
Not exactly. Tim Cook has been trying to crack into the bizarro India market. That’s paid off and is beginning. We’ll see start seeing the effect by the end of the year.
For a company that prides itself on its lateral thinking can’t deny that Cook is particularly blinkered in this regard, thats how a production guy thinks I guess, they generally don’t get involved till others have come up with the ideas which is fine until you are actually running the company and have to decide which to go with.
That’s okay. Your mental ward is already revising your meds and increasing them stat.