Foxconn revenue rises on brisk iPhone 7 sales, but earnings fall due to losses at Sharp

By Christian Zibreg on Nov 11, 2016

Foxconn Technology Group, the world’s top contract manufacturer and the biggest assembler of Apple products, reported rising revenues for the September quarter and a decline in net profit. Revenue for the July-September quarter climbed from NT$1.066 trillion ($33.43 billion) a year earlier to NT$1.075 trillion ($33.7 billion) thanks to brisk sales of the iPhone 7 and iPhone 7 Plus.

However, losses produced by Foxconn-owned electronics maker Sharp caused net profit to fall to NY$34.6 billion ($1.09 billion) from NY$37.9 billion ($1.19 billion) a year earlier. Read More

 

Apple now has $237.6 billion and other highlights from the Q4 earnings call

By Cody Lee on Oct 25, 2016

Apple announced the financial results for its fiscal fourth quarter of 2016 this afternoon, and although they met Wall Street estimates, the numbers are still pretty rough. iPhone sales are down 3 million units, and revenue is down $4.5 billion from the year-ago quarter.

Following the release of its earnings, CEO Tim Cook and CFO Luca Maestri hopped on a conference call to talk about their company’s performance over the last 3 months, and offer up some insights into its future. Here are some of the most interesting points from the call. Read More

 

Apple’s Q4 2016 earnings: 45.5M iPhones and 9.3M iPads sold, revenue down to $46.9B

By Cody Lee on Oct 25, 2016

Apple on Tuesday posted its [fiscal] fourth quarter earnings for 2016, offering a look at its performance over the past 3 months. The Cupertino company came close to most of Wall Street’s expectations, selling 45.5 million iPhones, 9.3 million iPads and earning $46.9 billion in revenue. The numbers are still down year-over-year, however, as the struggle to find new growth continues. Read More

 

T-Mobile sees improved customer retention on strength of iPhone 7 release

By Christian Zibreg on Oct 24, 2016

Wireless carrier T-Mobile on Monday announced earnings for the September quarter. Total revenues for the quarter were $9.2 billion, an eighteen percent year-over-year increase. T-Mobile said it was able to increase revenue thanks to new T-Mobile One plans and add-ons, the launch of the iPhone 7 and iPhone 7 Plus in September and an influx of prepaid customers who migrated to postpaid plans.

Services revenue during the quarter came in at $7.1 billion, a thirteen percent year-over-year increase. The carrier has added two million new customers during the quarter. Read More

 

Apple’s rescheduled earnings call could hint at unveiling of new Macs around October 27

By Christian Zibreg on Oct 5, 2016

Apple originally told investors it would be publicizing its quarterly earnings report on Thursday, October 27.

Curiously, a notice posted on the Apple Investor Relations website earlier this week has moved up the upcoming earnings call with Wall Street investors by two days to Tuesday, October 25, over what Apple describes as a simple “scheduling conflict”.

Longtime Apple reporter Philip Elmer-DeWitt speculates that the move might mean that Apple could be planning to hold a launch event for new Macs on October 27. Read More

 

Apple will hold September quarter earnings call on October 27

By Christian Zibreg on Sep 27, 2016

Apple said on the Investor webpage that it has scheduled an earnings call to discuss fiscal 2016 fourth quarter earnings a month from today on Thursday, October 27, 2016 at 2:00pm PT / 5:00pm ET. The company’s fourth fiscal quarter corresponds to the third calendar quarter. A press release will go out 30 minutes in advance of the earnings call. Read More

 

Samsung enjoys its most profitable quarter in two years thanks to strong Galaxy S7 sales

By Christian Zibreg on Jul 28, 2016

Samsung this morning announced results for the second calendar quarter ended June 30, and the numbers are encouraging despite global smartphone sales cooling down. The South Korean conglomerate’s mobile division reported “substantial earnings improvement” buoyed by strong sales of its flagship Galaxy S7 and Galaxy S7 edge flagship smartphones.

The data is newsworthy given strong competition Samsung has been facing on the low-end from Chinese rivals like Xiaomi and Huawei and on the high-end from Apple’s iPhone. This is the best earning result Samsung has posted in two years, by the way. Read More

 

15 interesting points from Apple’s Q3 2016 earnings call

By Cody Lee on Jul 26, 2016

Apple announced the financial results for its fiscal third quarter of 2016 this afternoon, and although they beat Wall Street estimates, the numbers are pretty rough. iPhone sales are down 7 million units, and revenue is down $7 billion from the year-ago quarter.

Following the release of its earnings, CEO Tim Cook and CFO Luca Maestri hopped on a conference call to talk about Apple’s performance over the last few months, and offer up some insights into its future. Here are your 15 most interesting points from that call. Read More

 

Apple’s Q3 2016 earnings: 40.4M iPhones, 10M iPads, $42.4B revenue

By Cody Lee on Jul 26, 2016

Apple on Tuesday released its earnings report for the third [fiscal] quarter of 2016. The Cupertino company exceeded expectations, selling 40.4 million iPhones, 10 million iPads and earning $42.4 billion in revenue. The numbers are still down year-over-year, however, with 47.5 million iPhones and nearly $50 billion in revenue in Q3 2015. Read More

 

Apple to reveal June quarter numbers on July 26

By Christian Zibreg on Jun 28, 2016

Apple will talk sales, revenue, profitability, the cost of doing business and other financial metrics pertaining to its third fiscal quarter, which translates into the second calendar quarter of this year, on July 26, according to an announcement posted on the Apple Investor webpage.

A conference call in which the company will discuss the latest quarterly results with investors and Wall Street analysts is scheduled for Tuesday, July 26, 2016 at 2pm Pacific / 5pm Eastern. Read More

 

15 interesting points from Apple’s Q2 2016 earnings call

By Cody Lee on Apr 26, 2016

Apple announced the financial results for its fiscal second quarter of 2016 this afternoon, and the numbers are pretty rough. While they fall within the company’s own guidance, iPhone sales are down 10 million units from the year-ago quarter, and revenue is down $7 billion.

We’ve just finished up the conference call, where Tim Cook and CFO Luca Maestri discussed Apple’s performance over the three-month period, and offered up some insights into its future. And as usual, we’ve rounded up the 15 most interesting points from the call below. Read More

 

Apple’s Q2 2016 earnings: 51.2M iPhones, 10.2M iPads, $50.6B revenue

By Cody Lee on Apr 26, 2016

Apple on Tuesday released its earnings report for the second [fiscal] quarter of 2016. The Cupertino company fulfilled expectations that it was going to report its first ever year-over-year decline in iPhone sales, moving just 51.2 million handsets vs. 61.2 million in Q2 last year. Revenue is also down substantially from the year-ago quarter. Read More

 

Samsung expects 10 percent profit growth on better-than-expected Galaxy S7 sales

By Christian Zibreg on Apr 7, 2016

According to preliminary results posted Thursday, there’s a light at the end of a long tunnel for Samsung Electronics and that light is the new Galaxy S7 flagship smartphone. After more than two straight years of decline in its mobile division, the South Korean firm is now projecting more than ten percent profit growth for the first quarter of 2016, beating market estimates.

The Galaxy S7 and Galaxy S7 edge were announced back in February ahead of their March 11 debut. Both phones, which have managed to address some of user complaints like memory expandability, were met with mostly positive reviews. Thus far, the new devices have moved three times as many units in their first month compared to their predecessor,  the Galaxy S6/edge series, according to Bloomberg. Read More

 

Apple to hold Q2 2016 earnings call on April 25

By Christian Zibreg on Mar 29, 2016

Apple has scheduled an earnings call to discuss its second fiscal quarter results for Monday, April 25, 2016 at 2:00pm Pacific Time, 5pm Eastern Time, according to a note on the Apple Investor website. The conference call will discuss Apple’s financial performance during a three-month period ending this month following its lucrative holiday quarter.

The quarterly earnings statement will be released thirty minutes in advance of the conference call. The company provided revenue guidance of $50 to $53 billion for the quarter and gross margin between 39 and 39.5 percent, prompting concern among investors as these numbers represent Apple’s first revenue decrease in thirteen years. Read More

 

15 interesting points from Apple’s Q1 2016 earnings call

By Cody Lee on Jan 26, 2016

Apple announced the financial results for its fiscal first quarter of 2016 this afternoon, and the numbers are pretty solid. The company broke its own records on handset sales, moving 74.8 million iPhones, and revenue, garnering nearly $76 billion during the three-month holiday period.

We’ve just finished up the conference call, where Tim Cook and CFO Luca Maestri discussed Apple’s performance over the three-month period, and offered up some insights into its future. And as usual, we’ve rounded up the 15 most interesting points from the call below. Read More

 

Apple’s Q1 2016 earnings: 74.8M iPhones, 16.1M iPads, $75.9B revenue

By Cody Lee on Jan 26, 2016

Apple on Tuesday released its earnings report for the first [fiscal] quarter of 2016. As most of you know, this was the iPhone-maker’s holiday quarter, where most consumer electronic companies—particularly Apple—tend to put up monster numbers. And of course Tim Cook and his team did not disappoint.

Once again, Apple has delivered a record-breaking first quarter. The company sold 74.8 million iPhones, up slightly from last year’s 74.5 million, and increased its revenue by more than $1 billion. Not all of the numbers are impressive though, as Mac sales are slightly down and iPad sales continue to tumble.

Read More

 

Apple to announce Q1 2016 earnings on January 26

By Cody Lee on Jan 4, 2016

Apple just confirmed via its Investor Relations portal that it will be releasing financial results for its first fiscal quarter of 2016 (fourth calendar quarter of 2015) on Tuesday, January 26. As usual, the company will be hosting a conference call to discuss the results at 2:00 p.m. PT / 5:00 p.m. ET that day.

While earnings reports aren’t typically worth getting excited about, Apple loves to show off during the holiday quarter. The company routinely crushes smartphone sales and revenue records for the 3-month period, besting itself last year by moving 75 million iPhones and recording almost $75 billion in revenue. Read More

 

15 interesting points from Apple’s Q4 2015 earnings call

By Cody Lee on Oct 27, 2015

Apple announced its financial results for its fiscal fourth quarter of 2015 this afternoon, and the numbers are pretty solid. The company sold 48M iPhones and earned $51.5B in revenue, handily beating numbers from last year but falling short of Wall Street’s expectations.

We’ve just finished up the conference call, where Tim Cook and CFO Luca Maestri discussed Apple’s performance over the three-month period, and offered up some insights into its future. And as usual, we’ve rounded up the 15 most interesting points from the call below. Read More

 

Apple’s Q4 2015 earnings: 48.05M iPhones, 9.88M iPads, $51.5B revenue

By Cody Lee on Oct 27, 2015

Apple on Tuesday posted its [fiscal] fourth quarter earnings for 2015, offering a look at its performance over the past 3 months. The company shattered most of its sales figures from the same year-ago quarter, but came in under Wall Street expectations in the most important category: iPhone sales.

Analysts were expecting Apple to sell 48.5 million smartphones during Q4, but it fell a bit short at 48.05 million. And although market watchers anticipated lower-than-last-year iPad numbers, the firm came in under tablet sales projections as well. Keep reading for a full breakdown of the numbers.

Read More

 

Samsung’s woes continue with yet another disappointing quarterly earnings

By Christian Zibreg on Jul 30, 2015

Surging iPhone demand on the high-end and plummeting sales of its feature phones that are getting squeezed out of the market by Chinese upstarts like Xiaomi are largely blamed for yet another disappointing quarterly earnings that Samsung posted Thursday.

The South Korean conglomerate reported an eight percent annual decline as profits decreased to 5.75 trillion Korean won, or approximately $4.9 billion, from 6.3 trillion won a year earlier. Analysts predicted 5.6 trillion won of net income. The results mark a fifth straight drop in quarterly earnings for the consumer electronics giant.

The bad news gets worse as Samsung’s mobile division, its bread and butter, reported a huge 37.6 percent drop in mobile operating income which fell from 4.42 trillion won in 2014 to 2.76 trillion won during the April-June period. Read More

 
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