Apple on Thursday reported its [fiscal] Q4 2017 earnings, offering a look at its performance over the last 3 months. The company absolutely crushed expectations, selling 46.7 million iPhones, up a little over a million units from the same quarter a year ago, and made $52.6 billion in revenue, up over $5 billion year-over-year. Here's a full breakdown of the numbers.
Stock exchanges have been a core component of the world economy for a long time now, but they are not exactly easily approachable for novices. Robinhood’s goal is to make investment easy even for those who are not experienced Wall Street aficionados.
The cost of material used to make the 64GB version of iPhone 8 and iPhone 8 Plus has slightly increased, compared to previous models. According to research firm IHS Markit, the estimated bill of material (BOM) of $247.51 for iPhone 8, and $288.08 for iPhone 8 Plus, "is the result of slower annual component cost erosion tied in with additional features."
Apple has reached a new deal with Warner Music Group that will allow the company to lower the rate it pays the music giant for proceeds from its catalogue of songs, reports Bloomberg on Thursday. This new deal marks a first for Apple who is trying to renegotiate with music labels as Apple Music becomes more popular, and a growing source of revenue for the music industry.
Apple announced the financial results for its fiscal third quarter of 2017 this afternoon, and the numbers for the 3-month period are outstanding. All metrics were up from the year-ago quarter, including a 7% increase in revenue and 2% increase in iPhone sales.
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 3 months, and offer up some insights into its future. Here are some of the more interesting points from the call.
Apple has 185 million paid subscriptions across all services. Apple services have added 20 million new subscribers over last 3 months. Walmart deploying 20K+ iPads to employees in the US. iPad sales grew in all geographical segments, with strong double-digit growth in the U.S. and Greater China. CFO Luca Maestri: iPhone channel inventory the lowest in 2.5 years. iPhone ASP (average selling price) at $606, up from $595 in the year-ago quarter. Tim Cook: 2/3 of Apple's employees are in the United States. We'll have more to say about that later in the year. Apple has new advanced $1 billion manufacturing fund for US companies. First $200 million goes to Corning Glass. Tim Cook: I think AR is big and profound. This is one of those things we'll look back at and marvel at the start of it. Apple has brought in talent behind Breaking Bad and The Crown to help with content creation. Cook: In terms of autonomous systems, we're very focused on it from a core tech point of view. We have a large project ongoing, and we're making a big investment in this. Apple retail and online stores saw over 300 million visitors this quarter.Apple's stock is up 6% in after-hours trading on the back of today's strong performance report. If you want to listen to today’s earnings call, a replay will be available here for a limited time.
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According to an update on the Investor Relations website, Apple is scheduled to report its fiscal 2017 third quarter earnings on August 1. The Cupertino technology giant has scheduled a conference call with Wall Street analysts and investors to discuss the quarterly results for Tuesday, August 1, at 2pm Pacific Time / 5pm Easter Time.
A press release announcing the earnings typically goes out 30 minutes ahead of the earnings call. You'll be able to listen to the conference call live via Apple's website. Apple states that live audio streaming uses its HTTP Live Streaming (HLS) technology.
HLS requires an iPhone, iPad, or iPod touch with Safari on iOS 7.0 or later, a Mac with Safari 6.0.5 or later on OS X 10.8.5 or later or a PC with Microsoft Edge on Windows 10.
We'll be covering the earnings and any interesting tidbits from the conference call.
Apple just notched a new market cap record. As the company's shares opened at a price of $149.06 per share on Monday, its market capitalization increased to a cool $776.60 billion. In other words, the iPhone maker just broke its own record after setting a market-cap peak in February 2015 at $774.7 billion.
As per The Wall Street Journal, Apple's stock has set record highs 17 times since February.
Shares of Apple rose 3.7 percent last week after the Cupertino firm reported earnings that were in line with Wall Street expectations and company forecasts. The most recent jump in Apple's stock price has pushed the company's valuation on Wall Street to $776.60 billion at Friday’s close, a new record for Tim Cook & Co.
The previous high for Apple’s market value was $774.7 billion in February 2015.
At the time of writing, the company's stock was trading above $150 for the first time ever—that's after factoring in a 7-for-1 split in 2014. At $151.62 per share, the company's market capitalization was about $790.6 billion this morning.
In a note distributed to clients Monday, Drexel Hamilton analyst Brian White set his Apple price target to $202 per share from $185. Were $AAPL to hit $202 per share, its market capitalization would be valued at $1.053 trillion.
Apple's stock is up 29 percent this year. According to public records on the Apple Investor website, the company has 5.213 billion shares outstanding.
Will Apple become the world's first trillion dollar company?
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Apple on Tuesday 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, down slightly from the year-ago quarter, and made $52.9 billion, up 5% from last year. Here's a full breakdown of the numbers.
Sources speaking with Recode reiterated today that Apple is still planning to debut its own money-transfer service akin to PayPal's Venmo that could launch later this year. Tentatively named Apple Cash, the peer-to-peer service would zap payments from users' checking accounts to recipients through their Apple devices, basically allowing iPhone owners to send cash to friends and family members digitally.
The Cupertino giant could partner with Visa on a system that would let users obtain virtual Apple-branded prepaid cards. Running on Visa's debit network, those digital cards could be tied directly into the firm's rumored peer-to-peer thing.
Moreover, users would be permitted to register them with Apple Pay to use when making credit-card and debit-card payments in stores with their Apple devices. The card number could also be used to make purchases on websites and in apps.
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.