Apple has reported its [fiscal] Q2 2017 earnings, offering a look at its performance over the last 3 months. During the period the company sold 50.8 million iPhones, 8.9 million iPads and made $52.9 billion in revenue.
According to Recode, Apple recently held discussions with payments industry partners about introducing a peer-to-peer service for transferring cash digitally between friends, plus virtual prepaid cards that would run on Visa’s debit network and work with Apple Pay.
iPhone owners in the United States spent an average of $40 on apps last year, reports analytics firm Sensor Tower. That number includes both premium and in-app purchases, and it represents a $5 increase from 2015.
Unsurprisingly, most of that money is going to games. Sensor Tower says more than 80% of US App Store revenue in 2016 came from games, and it shows on the device level—users spent an average of $27 on games.
With leather wallet iPhone cases being a hot commodity, we’ve recently shown you several from brand names. Another little-known contender in the market is Distil Union, a company that integrates their unique quick-release technology into the card slot of their cases.
In this review, we’ll be showing you the Distil Union Wally Ether for the iPhone 7 Plus. It’s a wallet case alternative with stitched leather flavor that has been designed for minimalists who need to carry a card or two on them anywhere they go.
Apple is breaking records—the company’s stock price has surged to an all-time intraday high, trading as high as $134.88 today and having surpassed the previous all-time intraday high of $134.54 set on April 28, 2015. The current stock price gives the Cupertino company a market capitalization of nearly $710 billion, the largest market valuation for a publicly traded American company.
According to MarketWatch, just yesterday the stock had closed at a record $133.00, passing the previous record set two years earlier.
Apple announced the financial results for its fiscal first quarter of 2017 this afternoon, and the numbers for the holiday period are pretty good. The company beat Wall Street estimates by putting up a record 78.3 million iPhone sales and more than $78 billion in revenue.
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.
Apple on Tuesday reported its [fiscal] Q1 2017 earnings, offering a look at its performance over the all-important 3-month holiday quarter. To the surprise of many analysts, the company beat Wall Street’s expectations by posting a record 78.3 million iPhone sales and $78.4 billion in revenue.
If you have an iPhone, then chances are you have a credit card tied to your device in some way, shape, or form. Whether you’re using it for downloading apps with your Apple ID, linking it to use for NFC-based Apple Pay payments, or saving it to make payments through Safari with AutoFill, then you’ve got your credit card information stashed with Apple.
Because credit card information is one of those things you probably try to keep safe from identity thieves and malware threats, it’s understandable that you might have a conscience about removing them from your tech. In this tutorial, we’ll show you three different ways to remove your credit card information from your iPhone.
Despite seeing its brand tarnished and anywhere between $2 billion and $5 billion wiped off its operating profit in the aftermath of Note 7 fiasco, Samsung of South Korea has managed to boost its fourth quarter earnings on the back of its semiconductor division and strong sales of the Galaxy S7 and Galaxy S7 Edge flagship devices.
Operating profits rose to $7.2 billion over the last three months of 2016 on sales of about $45.8 billion. Samsung’s mobile division captured $2.1 billion in operating income, a four percent year-over-year profit increase.
Samsung Mobile expects sales of its low-cost phones in the Galaxy A and J series to grow in the coming months. All in all, this was Samsung’s most profitable quarter in three years as the company has clearly bounced back from the global Note 7 recall.
Tim Cook and other executives received less revenue in 2016, as Apple failed to hit its revenue and profit goals for the year. The Wall Street Journal points to a regulatory filing, which says the miss kept the leaders from hitting some cash incentives.
Apple said its annual sales were $215.6B, 3.7% below its target of $223.6B, and its operating income of $60B was 0.5% short of their $60.3B target. As a result, Cook received $8.75 million in 2016 compensation, down from $10.3 million in 2015.
Apple is planning to announce its earnings results for Q1 of [fiscal] 2017 on January 31. The company on Wednesday updated its investor website to show that it will be hosting a conference call to discuss the quarter that Tuesday at 2:00pm PT.
Apple’s first quarter is of course its holiday quarter, which covers the popular 3-month holiday shopping period between October and December. And as usual, all eyes will be on the company to see if it was able to solve its recent growth problems.