I do not take it for granted, even though there are occasional afternoons when I pick up the tinies from school and then turn on Wild Kratts, hand them a plate
of apple quarters with goldfish crackers, and then sit down to answer emails for an hour before supper.
Not exact matches
Apple's second -
quarter earnings beat on Tuesday illustrated just how differently this company's stock behaves compared with the rest
of the market, CNBC's Jim Cramer said.
Furthermore,
Apple's overall fourth -
quarter revenue
of US$ 28.27 billion was more than $ 1 billion short
of forecasts; it was the first time
Apple missed analyst sales forecasts since 2008.
«Mad Money» host Jim Cramer doubles down on his praise
of Apple after the company's second -
quarter earnings report.
Apple's service stream revenue has never been quite as important as it became in the second
quarter of 2018, CNBC's Jim Cramer argued on Wednesday.
Services revenue increased only 18 % from a year earlier in the just completed
quarter, the first
of Apple's 2017 fiscal year.
But
Apple has often faced low expectations and managed to surpass them — in fact, it has a pattern
of doing just that, and this
quarter was no exception.
And for good reason:
Apple sold nine million new iPhones over three days in September; Google earned US$ 14 billion in revenue last
quarter; Twitter, it's IPO imminent, is about to mint a new round
of tech - age millionaires.
Cook also spoke to the strength
of Apple's sales in China, shrugging off negative estimates that had emerged ahead
of the
quarter.
About 2/3
of Apple's revenue comes from iPhone sales and Wall Street judges the company on how many iPhones it sells each
quarter.
The drop isn't devastating, but it is significant: while fitness tracker sales slumped 7 % in the first
quarter of 2017 compared to the same timeframe one year ago, smartwatches boomed by 25 %, the vast majority
of which were
Apple Watches.
For the current
quarter, which ends June 30,
Apple said it expected revenue
of $ 51.5 billion to $ 53.5 billion, compared to Wall Street's forecast
of $ 51.5 billion.
According to data issued in September 2014 from NPD Group's retail tracking service, based on a survey
of 5,000 U.S. consumers,
Apple TV's share
of the streaming device marketplace dropped from 46 % in the second
quarter of 2013 to 39 % in same
quarter of 2014.
Apple posted some
of its strongest growth during the March
quarter in one
of its toughest geographic regions.
Apple shareholder Ross Gerber said on Thursday that
Apple sold a «perfectly fine» number
of phones during the
quarter, but earnings were a bit less than he was hoping for.
Jim Cramer doubles down on his praise
of Apple after the company's second -
quarter earnings report.
Apple's service business, which includes businesses like the App Store,
Apple Music,
Apple Pay and
Apple Care, fell short
of its ambitious targets for the
quarter, despite hitting fresh records in the App Store over the holidays.
Apple said on Thursday it expects a tax rate
of 15 percent in the coming
quarter, down from last
quarter's projections
of 25.5 percent.
Apple recently reported that it sold 48 million iPhones in the
quarter through June, raking in $ 31.4 billion in revenue, or 63 percent
of its total sales.
Apple hasn't made excuses for iPhone X shortages, and it did forecast a record
quarter of around $ 85.5 billion in sales for the holiday
quarter.
The company's iPhone, which makes up the biggest chunk
of its revenue, saw its first year - over-year revenue decline ever in
Apple's last - reported fiscal
quarter ended March 26, investors are deeply concerned about the iPad's future, and even Macs saw sales slip last
quarter.
Apple's iOS operating system — mostly iPads — accounted for only 17 %
of institutional educational purchases in the first
quarter of 2016.
Of course,
Apple might disagree and follow up with some information about the third
quarter.
We shipped a lot [
of Apple Watches] the first
quarter, then last
quarter we shipped even more.
They also point to IDC's acknowledgment that its shipment figures were down in part because
of Apple's release
of its
Apple Watch Series 2 towards the end
of the
quarter, not allowing the company to enjoy the full benefit
of the new smartwatch's availability during the third
quarter.
Left to their own devices, the 26 analysts I've heard from so far — 16 Wall Street professionals (in blue) and 10 independents (in green)-- have submitted estimates for last
quarter's sales with a range greater than I've ever seen for an
Apple (aapl) product: from a low
of 3.1 million to a high 10.5 million.
What you might have missed: The company said it expects revenue between $ 46 billion and $ 48 billion in the current
quarter, which will be the first to include sales
of the new
Apple Watch that started shipping last Friday.
This development suggests that
Apple has been able to greatly increase the number
of iPhone X units shipping this holiday
quarter.
Leon Cooperman: Icahn wasn't the only investor to pick up some shiny new
Apple last
quarter, as Omega Advisors CEO Leon Cooperman bought up almost 1.3 million shares
of the company.
Those same ComScore numbers still ranked RIM second among American smartphone consumers with 30.4 %
of the market (compared to Android's 31.2 % and
Apple's 24.7 %) and, perhaps more important, RIM reported a 40 % increase in sales for the third
quarter of 2010, to 14.2 million BlackBerrys.
Apple under Cook has doubled its revenues to $ 200 billion while doubling profit and tripling the amount
of cash it has in the bank (now a
quarter of trillion dollars).
JL Warren Capital LLC said shipments will drop to 25 million units in the first
quarter of 2018 from 30 million units in the fourth
quarter, citing reduced orders at some
Apple suppliers.
According to research company Gartner, in the third
quarter of 2013, Lenovo was ranked third for smartphone sales after
Apple Inc. and Samsung Electronics.
Though Mac sales don't mean as much to the company as they once did — in
Apple's most recent fiscal
quarter, the product line represented just 8 %
of overall revenue — a switch to home - brewed chips sends several clear messages.
A handful
of quarters and dimes may not sound impressive at first, but from a big picture perspective,
Apple will be sending its investors $ 13.2 billion annually — nearly 30 %
of its earnings over the last four
quarters, and nearly enough to match Twitter's total value by market cap: $ 14.1 billion.
Apple's share
of the Chinese smartphone market fell last
quarter, according to one analysis, representing the waning dominance
of the iPhone ahead
of a major milestone.
The
Apple Watch, released for sale in April, has just contributed its first
quarter's worth
of sales to
Apple's bottom line.
KGI Securities analyst Ming - Chi Kuo, regarded as one
of the more reliable crystal - ball - gazers out there when it comes to
Apple, reckons the company will release a new, cheaper MacBook Air sometime in the second
quarter.
We already had some signs in the middle
of 2016 that it was going to be a rough year for
Apple: In the second and third
quarters of the year, shipments
of Apple's Macs were declining way faster than industry average, as people waited impatiently for the company to release a new MacBook Pro.
Analysts are counting on robust sales
of the iPhone 8 models to help
Apple (aapl) meet its revenue prediction
of between $ 49 billion and $ 52 billion for the current
quarter, the company's fiscal fourth
quarter of 2017 which ends at the end
of this month.
After reporting three straight
quarters of lower year - over-year sales,
Apple says it is returning to growth.
The fourth
quarter of 2016 went a little better for
Apple.
This is about the producer who works tirelessly to innovate and create, just like the innovators and creators at
Apple are pioneering in their field... but will not get paid for a
quarter of a year's worth
of plays on his or her songs.
Paid subscriptions jumped 30 million in the
quarter and increased by 100 million from a year earlier, he added, citing record sales in the categories
of apps, music, extended warranties,
Apple Pay and iCloud.
The Kardashian game's total bookings, which includes the cut Glu must pay to app store owners like
Apple, fell to under $ 8 million in the second
quarter, less than one - fifth what it brought in at the height
of the game's popularity.
After being pushed by Icahn,
Apple is in the midst
of a multibillion buyback program, spending roughly $ 3 billion in the first
quarter of 2016 alone.
Even if we assume that
Apple Pay accounts for three -
quarters of US mobile and e-commerce spending in 2017, that would still leave $ 743 billion in
Apple Pay volume that would need to take place in stores — or 13.8 %
of total in - store retail volume, a $ 554 billion higher dollar volume than what we forecast for mobile payments as a whole.
The fact that
Apple sold almost 61.2 million iPhones in that
quarter, a number that also beat predictions
of 56.8 million, also delighted investors, as the iPhone is an increasingly important part
of Apple's bottom line.
Apple still has loads
of cash on hand, about $ 178 billion, according to the company's fiscal first -
quarter earnings.
Although sales were reportedly down considerably over the first three months
of the year, that might make sense considering
Apple's fiscal first
quarter includes the busy holiday shopping season.