“Apple reported earnings for its December quarter Tuesday that largely fell in line with expectations,” Sara Salinas reports for CNBC. “But, iPhone revenue came in just slightly below projections.”
“Revenue for the company’s services segment — a catch-all category that includes Apple Pay, Apple Music and iCloud storage — topped $10.9 billion, marking a 29 percent year-over-year increase,” Salinas reports. “Apple reported a gross margin in its services segment of 62.8 percent. That’s well above the 38 percent margin it reported for its overall business.”
Here’s how the product lines break down:
• iPhone: $51.98 billion vs. $52.67 billion estimated
• iPad: $6.73 billion vs. $5.90 billion estimated
• Mac: $7.42 billion vs. $7.42 billion estimated
• Wearables, Home and Accessories: $7.31 billion vs. $7.33 billion estimated
Read more in the full article here.
MacDailyNews Note: AAPL after hours: $159.21 +$4.65 (+3.01%) @ 4:40PM EST
So basically, especially if you look at Q2 estimates, the revenue slide is in full swing.
As typical for Cook, he’s hyping services growth, when it’s a fraction of income.
Hold on tight, this stock is about to nosedive.
🤓
Nosedive? Only if they follow sleazy ‘pump and dump’ advisors. Where by chance, could you find someone like that?… /s
Up 7 dollars as of right now….
Up 9 dollars
Mr Zero Homophobe 🤣😂😅😆
I agree. Thanks for calling him OUT on that. Hee hee!
I assume you are called zero as a hint to the intelligence of your contributions here.
Should we ASSume that Zero has loaded up on Samsung stock?
To me this is the key point!
Quarterly earnings per diluted share of $4.18, up 7.5 percent yoy!
Not to shabby ha?
And
-Services revenue reached an all-time high of $10.9 billion, up 19 percent. With 62.8 % Gross Margin !!!
– Revenue from Mac® and Wearables, Home and Accessories also reached all-time highs, growing 9 percent and 33 percent respectively.
-Revenue from iPad® grew 17 percent.
Now the so called pundits can see why Apple is so adamant to take this obsessive focus away from iphone units.
Imagine if they built better Mac’s or make iPads and iPhone equal in features in the same year for all higher end devices. I brought a 12.9 iPad Pro because the features were equal to the high end phone. Upgraded from a second gen iPad.
Yes you might have thought that were a given, like making a dcision between Lightning and USB overall instead of mixing it up and signalling inbuilt obsolescence for a few more years on your most successful product.
Indeed. It is interesting how much Mac sales were up YoY despite there being problems there. I’m guessing it was a pop from the mini finally getting “un-abandoned” this quarter.
In any event, what I read that is disconcerting … and that no one has apparently mentioned yet … is that Apple’s Total Operating Expenses exploded by nearly +14%.
FYI, it was split very evenly; +$500M each into R&D and into “Selling, general and administrative”.
Yet eps is up 7.5%.
It all worked out to net positive at the end.. right !?
They are not bunch of total fools..as some may choose to think.
Also .. better macs?
What problems do you have with the new mac lineup ?
Whats wrong with the imac and imac Pro lines? Pros are some seriouse beasts!
Not good enough for the awesome demanding work they do — like editing three blockbuster movies in parellel, while simultaneously sending signals to aliens in the Lesser Magellenic Cloud.
😂
EPS is up 7.5%? It went from $4.17 to $4.18, which is 0.2%. Plus the EPS metric is boosted by Stock buy-backs.
Now my point about their +14% increase in Operating Expenses is another one of those Market “forward looking” metrics and this one is a higher cost of doing business, which puts negative pressure on future margins.
And what’s wrong with the Mac is that it’s still being marginally supported. Sure, we finally got mini and air updates, but both were grossly overdue. In the meantime, the MacBook and iMac are both now overdue for a refresh too .. 600+ days for each. And on the Pro desktop side, even if we ignore the utter embarrassment of the Mac Pro (1800+ days), the iMac Pro is now also at 400+ days since it’s last update. Apple is simply and chronically… behind.
iPad sales were up because they built even better devices.
Imagine that, built better products and people will buy them.
-15% iPhone sales….
Microsoft are a much different company from when Ballmer the clown was in charge, Apple would be very different without Tim Cook in charge.
The best days of Apple are behind it unless they can get a true visionary CEO in charge. I don’t get the feeling there’s anyone one at Apple that fits the bill and they’ll have to look outside.