With $20.9 billion in Services revenue, Apple now has almost double the paid subscriptions across its platforms versus three years ago.
Profit
Tim Cook to hold an all-hands meeting with troops following bombshell profit warning
After slashing Apple's revenue guidance for the important holiday quarter by a whopping $7 billion amid a slowdown in China and iPhone sales deceleration, Tim Cook will hold an all-hands meeting with workers today to assuage any concerns they may have about the situation.
Apple to report holiday quarter earnings on January 29 without divulging iPhone unit sales
Following Tim Cook's unexpectedly long and detailed open letter to investors in which he revised Apple's projected earnings for the lucrative holiday quarter, the company said today it will be holding a conferences call with Wall Street investors and analysts to discuss the latest quarterly earnings on Tuesday, January 29, at 2:00pm PT / 5:00pm ET.
Apple seizes a whopping 104% of smartphone industry profits in Q3
Apple captured 103.6% of smartphone industry profits in the third quarter of 2016, making it by far the most profitable company in the business, according to BMO Capital Markets analyst Tim Long. This represents a notable increase from the year-ago quarter where Apple had grabbed 90% of smartphones profits.
Apple’s profit eclipses Samsung, Motorola, Nokia and LG combined
What's more important, smartphones shipped or smartphone profits? That question is at the heart of a debate over competing figures used to bolster Samsung or Apple. A day after a Samsung-friendly market research firm claimed the South Korean firm shipped three times as many phones, new figures show Apple profit higher than most of its rivals combined.
Sales of 33.8 million iPhones during the last quarter earned more than the mobile units of Samsung, LG, Nokia, Huawei, Lenovo and Motorola all together, according to a Wednesday report. The report also ignited a new debate over how corporate figures can be twisted to fit any preconceived notion - such as Apple's losing battle against Android...
The iPhone, America’s most profitable product
Apple's iPhone isn't just the nation's top smartphone brand, it's also the most profitable product in America, according to a Friday report. Despite having around just one-fifth of the overall smartphone market globally, or nearly 40 percent in the U.S. alone, the handset enjoys the industry-leading 40 percent operating margin, producing more than half of Apple's $156.5 billion in 2012 sales. That profit margin is almost double that of the iPad, which grossed "only" $32.4 billion, according to MarketWatch...
HTC Profits Drop 26%, Cites Apple’s Heavy Competition
Today HTC has reported a 26% drop in its fourth quarter profits. They went onto express the fear of that number growing to 36% by the end of 2012's first quarter.
The company had visions of a brighter future as they will announce new products at Barcelona's upcoming Mobile World Congress later this month, however this appears to not be the case.
CFO Winston Yung told analysts "Our weakness in first-quarter guidance [...] comes from facing competition in the U.S. from iPhone and Samsung." Samsung is currently the number one smartphone manufacturer in the world, but Apple, the 3rd largest, is gaining ground quickly...
The iPhone is Blamed for China Unicom’s Troubles
It hasn't been long since we speculated that releasing the iPhone 4 so soon to the iPhone 3GS might not be the best business move for Chinese provider China Unicom. According to The Inquirer we were right on the money with our predictions and that China Unicom has reported an astounding 54% profit drop for the 2nd quarter.
It's appropriate to be clear about how Unicom ended up carrying Apple's iPhone in the first place. China Mobile is the top dog in chinese cell service with over 500 million customers. Consequently they weren't about to acquiesce to Steve Jobs and his stern business model, so they told Apple to take their iPhone and have a nice life...