“Not only was Apple’s holiday quarter of 2017 a hard compare to previous year’s numbers because of three flagship models, but the year-ago quarter had an extra sales week,” Mike Wuerthele and Malcolm Owen report for AppleInsider. “Apple’s first fiscal quarter of 2018 was a blockbuster. Apple broke its revenue record it posted a year ago, and posted revenue of $88.3 billion dollars. The results were built on the foundation of 77.3 million iPhones sold in the quarter — led by the iPhone X.”
“The only thing that it may have disappointed on was that 77.3 million iPhone sales volume,” Wuerthele and Owen report. “But in the 14-week quarter a year ago, Apple generated $5.60 billion in revenue per week, with it topping $6.79 billion a week in the most recent holiday quarter.”
“In the U.S., companies report on a quarterly basis, so we periodically get a quarter that’s one week longer than the previous one, with the resultant mathematical oddities and bad compares,” Wuerthele and Owen report. “Coupling with what Apple is predicting for this quarter, combined with looking at the holiday’s sales data on a quarterly or weekly basis just takes a different angle of approach to what Apple has said all along —that there is no wavering in the strength of the iPhone X because of a hypothetical weak demand, as poorly predicted by Nikkei and other prognosticators.”
Read more, and check out the graphs, in the full article here.
MacDailyNews Take: Gotta love those 14-week quarters!
Intern Keg Commanders: It’s the official start of Super Bowl weekend, so prepare to be very busy over the next few days!
SEE ALSO:
Apple hits correction territory, closing down more than 10.5% from its January 18th record high
iPhone sales are much stronger than some seem to realize – February 2, 2018
Dow plunges more than 600 points; Apple shares fall – February 2, 2018
Apple breaks record for biggest ever company profit – February 2, 2018
So much for worries over Apple’s iPhone X – February 1, 2018
MacDailyNews presents live notes from Apple’s Q118 conference call – February 1, 2018
Apple smashes Street with biggest quarter in company history – February 1, 2018
This chart says it all..
10% drop in past few weeks.. for astounding growth this quarter.. once apples are compared to Apples not oranges.
Revenue would have been 95 billion as compared to 78 billion last year.
Yet Apple is knocked down..
Even their guidance is way ahead of last year.
Pure manipulation.. just mind boggling this can happen so easly and zero accountability .
Diwnvoting facts is a fools errand ..even if its done out if spite.
Pathetic souls out there !
Cowards… throwing rocks while hiding behind a bush.. the libe ethics..!
Meant The Lib ethics..
U guys have discredited yourselves through your bigoted attitudes and behavior , drowned in dogma and ignorant herd mentality …while foolishly patting eachother on the back so proudly.
As your own (Your OWN !) bigoted, prejuduce biased , gang style mentlity on this site and everywhere else has proven …
Feel sorry for your type.
And believe it or not.. im not and have not been a partisan individual.
But you guys are taking things toooooo far.. serving yourselves selfishly through manipulation and lies and disinformation… .. yet pretending to be compassionate and emphatic . B.S!
Hypocrisy….. greed, ungratefulness, .. lies and anarchy is what u bring to the picture.. most of u !
Nothing liberal about liberals
Nothing democratic about democrats
Nothing progressive about naive pseudo intellectuslism .
Nothing compassionate about freeloading and ungratful expectations of handouts.
You Paint the opposition in the exact image that you are.. and then go on bashing what u painted…. and hope u can hide behind this facade …. and gain through dishonesty!
And the true face of yojimbo007 is revealed. All it took was a little nudge and all of the far right bias and dogma and name-calling and intolerance comes pouring out. All of the GOP talking points. The label-and-disparage strategy. The hypocritical accusations of “dishonesty.” The persecution complex. The conspiracy theories. The overdone alt-right outrage.
Frankly, yojimbo007, I could not give a crap less what you have to say. Your puerile attack makes me even less inclined to read and consider your posts.
If u had read my posts you would not have said most of what you wrote in your ignorant post.
Your post is noting but confirmation of what i have been writing !
Intolerant , deceatful, hypocrits ….
“Nothing liberal about liberals
Nothing democratic about democrats
Nothing progressive about naive pseudo intellectuslism .
Nothing compassionate about freeloading and ungratful expectations of handouts.”
Original and well said, Jimbo. Sums it all up neatly.
I know you won’t let the DUMB DOWN vote bastards affect your fine posts … 👏🏻✌👍🏻✊👊🏻
And nothing non-bigoted about non-bigots — right ?
You are repeating yourself. You’ve said all this before. You are cutting-and-pasting your own previous posts. Very creative. /s
Jimbo, instant avatars on this post minutes apart in less than an hour:
yojimbo007, your post has changed my entire outlook on life…NOT
yojimbo007, you do not appear to be emotionally suited for investing
The economy is not suddenly better off that it was prior to Trump
M.O. of pathetic banned Citizen X because the pattern is exactly the same leaves little doubt.
Rapid fire insulting posts targeting conservatives only.
Rapid fire abnormally high number of down votes after responding.
Rapid fire abnormally high number of up votes for your own posts.
Direct opposite outcomes happening at exactly the same TIME, over and over.
Not only is this a complete waste of time for all involved it means absolutely NOTHING when rigging the system with FALSE OUTCOMES that only FOOLS care about. And the sickest PERVERSE PART is it makes a dishonest person feel good …
Oh, GoeB, you are such a crybaby. Your screen name — it is not an avatar, look up the terms, you stable genius — is not all that informative, in case you have not noticed
Another instant avatar courtesy of clueless Citizen X. Never thought of myself as a “stable genius” but I’ll take it.
av·a·tar
ˈavəˌtär/
noun
1. HINDUIS: M anifestation of a deity or released soul in bodily form on earth; an incarnate divine teacher.
2. COMPUTING: An icon or figure representing a particular person in video games, Internet forums, etc.
READ NUMBER TWO:
“internet forums” got it BRAINLESS?
Hoping you spend the rest of your Saturday night dumping cookies and jumping from computer to computer and also on various iOS devices down voting my post. It only matters to a pathetic people, like yourself.
To quote Botty, “you lose, again.” … 😆
Dear Avatar GoeB,
Don’t you know what an icon or figure is ? Hint: it is not a screen name. You appear to be stupider than we all thought. It is an image or icon. Is a name an image or icon? No, it is not. Therefore, a name is _not_ and avatar.
You consistently choose to confuse an avatar with a screen name, which is simply a name one chooses for web blogs, etc.
You are unbelievably thick.
Fake Avatar !!!!!
Why was Citizen X banned? If true…
I’m not sure, but I think he might be Sean. If seen Botty hurl the same perjoratives at him.
While I can only guess AC, certainly the most vile insulting badgering stalking RELENTLESS scum poster I have ever read here. For me, that’s saying a lot.
I suspect he was banned immediately after one weekend political thread featuring a three-hour back and forth potty mouth fest with someone you just mentioned hurling disgusting insults and accusing that person of eating turds, gay sex accusations with other posters (yours truly), and much more.
My inbox was jammed close to 50 E-mails, if not more, between the two in the wee hours of the morning (he lives in California). Come Monday morning the whole thread was scrubbed clean on the website and political posts thereafter carried a take warning posters to behave and keep it civil.
Not learning his lesson, suspect he went on under @Banned in San Diego with the exact same M.O. badgering and insulting the same people dozens of times in a short hour. Well, I have not read @Banned in San Diego in a long time.
Present day, I suspect he is constantly changing his screen name not to get caught, see the rebuttals to Jimbo for example, and couple to me, “boo hoo hoo” the latest example. The insults are the same minus the turd comments and manipulated votes are in the same exchanges which is VERY easy to spot.
When you see 50 or more down votes in 15-20 minutes and about the same number of up votes on rebuttal posts, posts after posts, seriously? He once bragged about managing a large room of computers prompting posts that’s where he plies his deceptive trade rushing back and forth.
Lots of conjecture on my part here, but my M.B. ISTP rating has been fairly reliable in the past …
You know, you spend so much time cheerleading that you don’t bother to learn what’s going on. I’ll lay it out for you: You are posting past performance for a period with a major iPhone launch and insisting that the market should follow with a gold rush of buyers for Apple stock. That’s not how investors work. They took their profits from the last quarter a long time ago. Investors look forward, not backwards. They are listening to Apple, which lowered expectations for the future quarter, has no iPhone ready to launch, or any other firm product news for the near future. That will all change when Apple holds its next press event with new product announcements.
Got it? The more a fanboy jumps up and down demanding AAPL to shoot to the moon, the more you show your lack of fundamental investing. Read more, type less would be the correct takeaway for you.
Tim Cook is a hired hand, notice Elon, Zuckerberg, or Bezos fight to the bitter end if their company is attacked, Tim does notes a hired hand.
👎👎👎
Cheerleading? .. buddy what rock have u lived under ..
I say it as i see it.. no religious agenda here!
Now.. facts:
guidance 9 billion above last year for March Q ….YoY..
9 billion not million.. not too shabby right !?
9 billion budy.. not 9 million !
Recorded (apples to oranges comparison 13 vs 14 week mismatch ) yoy revinue Growth in Holiday Q :
13%
Not too shabby for a company the size of Apple….yet printing 21 billion in profits in one 1 Q . dont u agree!?
Yet !!! the real truth of sell through and growth:
yoy revinue in equivalent time period of 14 weeks 95 billion .. 21% growth !
One does not measure world records in absolute time on tracks of different lengths ..
Guidance :,9 billion above last year for March
Not a fanboy buddy… im just not one who is paid to manipulate forums.
Yojimbo007, you need to read what “clue” posted above. In investing, it is not “what have you done for me lately?” Instead, it is “what are you going to do for me next year?” Past performance is an indicator and serves to provide confidence if it is consistent. But the return on investment is driven by what happens going forward. The past is already known and factored into the stock price.
Wall Street has been skittish about Apple for years as the company has continued to grow wel beyond the expectations of most experts. As a result, they are always looking for a reason to jump ship and lock in profits, fearing the end of Apple’s rise is nigh. But consider the long term trend of AAPL and you will see that these short term dips of fear and uncertainty have been eclipsed by the long term success of Apple. As long as Apple continues to perform, the long term trend will hold.
Why are you so upset about a 10% drop in AAPL? Are you leveraged on options and in over your head?
MDN, you’re “Like” stars are being hacked, check it out!
The pure fact of the matter is even though Apple makes decent profit in a quarter, Apple shareholders lose money. If Apple’s main problem is with how many iPhones they can sell, then Apple needs to look for a product or service that will draw Wall Street’s focus from iPhone sales.
With Apple stock, shareholders can only count on the dividends and Apple will likely be rather stingy with the next dividend increase despite the tax windfall. Apple seems to be the only major tech stock with such a low P/E. Apple needs to find a way to increase it to get it closer to other major tech stocks. I’m not talking about doubling Apple’s P/E but even adding three or four points should be doable.
I just feel Apple’s share price decline is going to take a long time to recover. I wasn’t part of the group who was expecting Apple to become a trillion dollar company. I just hoped for Apple to get to $180 a share this year and even that hope is long gone. Apple was just a few dollars a share behind Facebook a while back and now there is a $30 difference with Facebook going into overdrive while Apple threw on the brakes and shifted into reverse. Tim Cook just doesn’t get it. He doesn’t seem to know what it takes for Apple to be valuable to investors.
Apple was 179 and change a few weeks ago .. Why didnt u sell it if you were waiting for 180.. u did not sell Be ouse of the few cents?
Ps.. apple is way undervalued now…
its will go back up sooner than u think … unless market goes in nose spin.
When was the last time Amazon posted any dividends to the share holders. When did Amazon consistently report a yearly net profit of more than $4 billion? When has Amazon returned ANY value to investors?
Your investment in Apple stock is really not with Apple. It’s a crap shoot with Wall Street and the value the other traders of stocks of the moment are thinking.
AAPL is a stock to buy and hold, taking dividends, to be pleased when it drops so you can buy more, and pleased when it goes up for your long term holdings.
Yup.. been loyal for a life time..
But intrest rates crawling up (for good reason too .. Economy kicking ass ) .. i hope in March Apple will surprise their share holders and potential new buyers by keeping up🤞🤞🖖
Interest rates are climbing because they have been extremely low since the early 2000s and remained so even as the economy has been growing steadily since 2009 and employment has reached historical lows in modern history. On top of that, the GOP recently threw a large and unwise tax cut into the mix funded by additional deficit spending.
It is no wonder that interest rates are rising faster than before. The only wonder is why the GOP felt that a tax cut was necessary. The answer? The GOP had to pay off its wealthy donors and score some type of political victory after the many failures of the first year of Trump’s administration.
Folks, Wall Street DowJones lives on “expectations “…And right now the greatest expectation is the interest rates going up due concerns with higher inflation in a heated economy…So bonds become a very attractive investment again, hence this “profit taken” taking your money out of the stocks market and putting into the bonds market…
And if you want to stay with stocks , stay with the ones that pay good dividends, etc…like Apple!!!
Still long…Apple in the $200 or more by years end!
It happens before and will happen again…and again…