Saturday, 19 January, 2019

IPhone Sales Fall, CEO Explains Why That Might Be

Frank Williams | 11 May, 2017, 04:07

Apple reported the second-best second quarter in its history but investors expressed some disappointment, sending its share price down as much as 2.4% in after-hours trading Tuesday.

"We generated strong operating cash flow of $12.5 billion and returned over $10 billion to our investors in the March quarter", said Luca Maestri, Apple's CFO.

In the first three months of 2017, Apple sold 50.8 million iPhones which is 1 per cent down compared to past year in the same quarter. Analysts on average had estimated iPhone sales of 52.27m, according to financial data and analytics firm FactSet.

The company also highlighted surge in sales of Apple Watch, as well as its AirPods and Beats earphones.

Despite this, Apple recorded more revenue for Q2 2017 - with $33 billion earned compared to $32.8 billion the previous year.

That puts the focus on the next iPhone launch, which is anticipated in mid to late September.

In a research note to clients, the analyst viewed, "We would look past disappointing iPhone sales, as consumers delay purchases ahead of an iPhone X launch (features to include OLED displays, wireless charging, and 3D sensing)".

Release, Price, Specs REVEALED for official Lucidsound headset — Microsoft Xbox Scorpio
Several of these games have been hiding in the rafters, waiting to drip-feed more concrete details before they're shown off. Meanwhile, according to GameSpot , there will be a new feature coming out soon for Xbox One which is the Game Pass.

The continued decline in iPhone sales could be partly attributed to market saturation, with iPhone owners not willing to upgrade their devices as soon as new models are rolled out.

The company expects its third quarter revenue to stand around $43.5B-$45.5B, compared to the consensus for $45.59B.

Earnings per share of $2.10 topped analyst estimates of $2.02.

Revenue rose 4.6 percent to $52.9 billion in the quarter.

Revenue from the App Store, Apple Pay and the like clocked in at US$7.04bn, which was up from US$6bn the year before but a tad below the US$7.06bn Wall Street had pencilled in.

Apple's iPad sales continue to plummet, and iPhone sales are going flat, but the Cupertino idiot tax operation was still able to haul in a hefty $11bn profit in the past quarter. Also, while quoting the future, Cook said that the company has a really great pipeline when it comes to the smartwatch segment but refused to elaborate any further. In fact, in February, Karnataka information technology minister Priyank Kharge had said the company was ready to start assembling high-end iPhones in less than a month.


  • Syrian Kurds welcome US arms, Turkey objects

    Syrian Kurds welcome US arms, Turkey objects

    The U.S. has taken the position that since Raqqa has Kurds among the population, they should also comprise the assault force.
    Samsung's unlocked S8 makes it easier to switch carriers

    Samsung's unlocked S8 makes it easier to switch carriers

    These features have thus far been adopted only for Samsung's high-end models such as the flagship Galaxy S series phones. People interested in the unlocked phones can pre-order them from and Samsung .com beginning today.

    USA needs September 'shutdown' to fix Senate 'mess'

    Eric Swalwell of California responded to Trump's call for a shutdown by suggesting that the president should be impeached. They sounded a note of defeat , blaming Senate rules for a budget plan that merited closing most government operations.
  • Tunnel collapse latest safety issue at nuclear site

    The area contains about 56 million gallons (211.98 million liters) of radioactive waste, most of it in 177 underground tanks. So far, radiation dangers and injuries appear to have been averted, but tests and monitoring are continuing, they say .

    Minnesota measles outbreak: Officials say Somali families 'targeted with misinformation'

    Aden says opposition to the MMR vaccine stems from a perceived high rate of autism within the local Somali-American community. Minnesota is now dealing with the worst measles outbreak the state has seen in the past three decades.
    David Njoku Drafted By Cleveland Browns

    David Njoku Drafted By Cleveland Browns

    Garrett, a junior and All-American considered the best pass rusher in this crop, is the first Aggie selected No. 1 overall. At the 2017 NFL Scouting Combine, the 6-foot-5, 261-pound Garrett shined in all of the drills, both on and off the field.
  • United States reporter arrested for asking the health secretary a question

    Marine in Afghanistan, felt the man wasn't risky or aggressive; instead he feared Williams was trying to commit "suicide by cop". Conway and Secretary Price". "I think it's my job to ask questions, and I think it's my job to get answers", he says.
    NY Mets pitcher Matt Harvey is suspended for three games

    NY Mets pitcher Matt Harvey is suspended for three games

    For most of last season, the 31-year-old Cabrera battled knee trouble, but still finished second on the team with 141 games. NY also claimed lefty Tommy Milone off waivers from Milwaukee - he was 1-0 with one save and a 6.43 ERA.

    Netanyahu slams 'absurd' United Nations vote on Jerusalem

    He thanked the countries that supported Israel, "but I would especially like to thank the Italian Foreign Minister and Prime Minister".
  • Aaron Hernandez's Murder Conviction Overturned by Judge

    Aaron Hernandez's Murder Conviction Overturned by Judge

    Former Patriots tight end Aaron Hernandez is no longer seen as a convicted murderer in the eyes of the Commonwealth of MA . Former NFL player Aaron Hernandez was found dead in his cell overnight; officials said he hanged himself with a bed sheet.

    NEXT plc's (NXT) "Underperform" Rating Reiterated at Jefferies Group LLC

    GPB's products and services include Investment Management, Private Wealth Solutions, and a range of Private Banking services. RBC Capital Markets maintained the shares of NEX in report on Thursday, October 27 with "Outperform" rating.

    Microsoft is working with HP and Intel on Cortana-powered devices, Google, Facebook and Apple are plugging away at intelligent chatbots and conversational human-computer interaction. It's the reason Microsoft cites for failing to meet its 1 billion goal in time.

Nokia Corporation Posted gains of 0.82% in the Last Trade The overall volume in the last trading session was 3.41 million shares, versus the average volume of 6.55 million shares. Moving averages can have different lengths though, so one may indicate an uptrend while another indicates a downtrend.

IPhone 8 may Be In Short Supply At Launch Apparently, the 10th-anniversary model will have a large display, which will cover its entire front. The render is based on what where claimed to be leaked CAD documents from Apple supplier Foxconn .

Antonio Conte is everyone's favourite manager after his classy Middlesbrough gesture It's about Middlesbrough Football Club and how we can turn it around next season to get this club back where it belongs". The Chelsea striker was also seen waving to the fans after his goal , leaving them to speculate over his future.

Ret. U.S. Army General Dennis Via Joins Booz Allen Hamilton Value Investors may be keeping an eye on the Magic Formula Rank or MF Rank for Booz Allen Hamilton Holding Corporation (NYSE:BAH). First Quadrant L P CA increased its stake in Booz Allen Hamilton Holding Co. 70 funds opened positions while 90 raised stakes.

NJ residents grade President Trump on 100-day mark NJ residents grade President Trump on 100-day mark Trump was sworn in as the 45th President of the United States on January 20 and completes hundred days in office on Saturday. The screen blares "FACT 500,000+ Jobs Created", as if to pre-empt any nosy fact-checkers.

Subpoenas Issued to Flynn Associates Subpoenas Issued to Flynn Associates In her testimony, Yates said that she had called McGahn the Monday after they met to tell him the material was ready to review. A day after Flynn was sacked , Spicer spent most of his daily briefing responding to questions about the 18-day delay.

Collapsed interstate bridge in Georgia to open next week Share with Us - We'd love to hear eyewitness accounts, the history behind an article, and smart, constructive criticism. GDOT says close to 250,000 drivers use the stretch of Interstate 85 every day.

Wendy's Finally Gives Chicken Nugget Loving Carter His Free Nuggs Not only did Wilkerson win his free nuggets, but he also broke the record for most retweets, Twitter announced on Tuesday. He got a response from the fast food chain's account with 18 million as the marker, and Wilkerson accepted the challenge.

Amazon adding free Alexa calling and messaging to Echo devices Samsung's Harman Kardon has recently launched a voice-controlled speaker with Microsoft's Cortana virtual assistant. What's more, Amazon is also bringing audio calling to existing Echo and Echo Dot speakers with a firmware update .

'Reaching the Champions League final counts for nothing' 'Reaching the Champions League final counts for nothing' It will be the ninth time Juventus, runners-up to Barcelona in 2015, have contested the final of Europe's elite club competition. We're loving the new system, so we just have to go to Cardiff and play the best game in the history of Juventus .

UK Labour Leader Says He Won't Try To Reverse Brexit The survey also reveals more than half of voters in the South East (57%) say Brexit WILL be a factor in how they vote on June 8. Meanwhile, Labour party leader Jeremy Corbyn said he would not quit as leader if he loses the national election next month.

Real Madrid to face Juventus in Champions League final Juanfran is expected to return at right-back for the hosts. "It seems like here we have grown up in Beverly Hills". Madrid players also returned to thanks their own supporters, and many Atletico fans threw objects toward them.

Russia's Top Diplomat Meets With Trump at White House In response, they are calling for an independent special prosecutor to be appointed to investigate Russia-related matters. Lavrov was in a joking mood when he spoke to reporters beside Tillerson Wednesday morning at the State Department.

Why is Facebook Inc (NASDAQ:FB) Hiring 3000 Content Reviewers? Why is Facebook Inc (NASDAQ:FB) Hiring 3000 Content Reviewers? The tools were partly in response to a 14-year-old girl from Miami who killed herself while live streaming on Facebook in January. Soon after, a man in Thailand posted a video of himself murdering his infant daughter before committing suicide.

Golden State Warriors advance after Utah sweep in NBA Playoffs The San Antonio Spurs have a grind-it-out offense and defensive focus that has quite a lot in common with Utah's style of play. The Warriors immediately started pulling him into high pick-and-rolls, setting up Durant and others to attack him.