Apple Forecast Tops Analysts' Estimates on New IPhones, Services
Apple Forecast Tops Analysts' Estimates on New IPhones, Services
Apple's Market Value Is Approaching A Trillion Dollars: Report
01 August, 2018, 05:01
High-priced iPhones continued to sell well with the iPhone ASP hitting $724. iPad sales came in at 11.6 million units. The fact that Cupertino is making more revenue off the same number of units shipped suggests the ultra-high-end iPhone X is still selling well.
"Apple gave the Street and tech investors finally some good news" beating earnings forecasts and predicting the current quarter will be strong, GBH insights head of technology research Daniel Ives said in a note to investors. Analysts expected revenue of US$52.4 billion and earnings of US$2.18 a share.
"AppleMusic grew by over 50 percent on a year-over-year basis", Cook said during Tuesday's earnings call, where he also called out that more than 300 million users now subscribe to apps with subscription tiers available on the App Store.
"We're thrilled to report Apple's best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth", said Tim Cook in a statement. The company sold 41.3 million units, below expectations of 41.8 million units.
Analysts were eager for news from the California-based company about how the company is riding out trade turbulence between the United States and China.
The company earned $2.34 per share on revenue of $53.3 billion for its fiscal third quarter, compared with EPS of $1.67 and revenue of $45.4 billion.
Google Pixel 3 XL leaks again, this time in white On the all-glass back, we've got the fingerprint sensor and the single-lens camera setup we expect for the Pixel 3 XL phone. Just like the iPhone X, the next Google Pixel phone will boast a controversial notch at the top of the elongated screen.
As the entry-level iPhone, the 6.1-inch device is expected to have an LCD screen and a lower price tag. The category includes the App Store, AppleMusic, iCloud storage and ApplePay. Apple's market cap sits at $935.3 billion. Analysts forecast US$9.2 billion.
Cook told analysts that Apple is on track to meet a goal of doubling Services revenue by 2020.
The iPhone revenue allayed fears among some investors after Samsung Electronics (South Korea: 005930) registered its slowest quarterly profit growth in more than a year Tuesday because its Galaxy S9 smartphone missed sales targets. Apple is forecasting a revenue guidance of between $60 and $62 billion in the fourth quarter, which is slightly above analyst estimates of $59.57 billion in the next quarter. Cook said wearables were a highlight of the quarter, with sales up 60 per cent year over year.
About the only impediments holding Apple from $1 trillion are buybacks and dividends, which enhance the company's share price though doesn't necessarily enhance its overall market value. The Apple Watch had a record quarter with mid-40 percent growth, the CEO also said.
Also drawing positive scrutiny are Apple's "other products" which includes AirPods earphones and HomePod speaker systems.
Instead, the committee recommends the government define and use the words "misinformation" and 'disinformation'. That all online political campaigning material should disclose who paid for it and who published it .
The California Highway Patrol said on Facebook that it was able to help rescue a fawn found wandering alone within the fire zone. About 37,000 people are under evacuation orders, 5,000 homes are threatened and the fire is just 5 per cent contained.
"The feature is now rolling out on the iPhone and Android versions of our app", reads the WhatsApp blog post posted on July 30. My father also tried but he didnt have the option to add a participant despite being on the latest Play Store version.
Brett Kavanaugh, President Trump's nominee for the Supreme Court, smiles during a meeting on Capitol Hill on Tuesday. Susan Collins , R-Maine or Lisa Murkowski , R-Alaska, don't pull a surprise 180 and turn on Trump's nominee.
Chris Pratt , star of Avengers: Infinity War and Guardians of the Galaxy , was last seen in Jurassic World: Fallen Kingdom. She also co-stars alongside Claire Danes , Jim Parsons and Octavia Spencer in the indie drama A Kid Like Jake .
Imagine how good their chemistry will be as they get more and more playing time under their belts with the Rockets. The 6-foot-10 center averaged 13.9 points, 10.8 rebounds and 1.9 blocks - all career-highs - last season.
Gates was originally a co-defendant in the case , until reaching a plea deal with special counsel Robert Mueller in February. Tuesday, July 31, marks Day 1 of the trial of Paul Manafort , Donald Trump's former campaign chairman.
But with the U.S. about to reimpose full sanctions, starting on August 6, many in Iran are uninterested in his latest volte-face. On Monday, he declared that he would be willing to meet Rouhani without preconditions to discuss how to improve relations.
A federal judge dismissed the civil case and Manafort appealed the decision to a higher court. The charges stem from Manafort's activities from 2006-2017.
North Korea 'working on new missiles'
The officials say evidence, including satellite photos taken recently, suggests that construction is underway on one or two ICBMs. As noted above, North Korea appears to be building more long-range ballistic missiles even as it dismantles the Sohae station.
Western tourists killed in Tajikistan 'attack'
Two of the victims were American, one was Swiss, and another was from the Netherlands, foreign and Tajik officials said. Tajik President Emomali Rahmon sent the leaders of each country a telegram expressing condolences Monday.
Trump rejects conservative Koch donor network
Heidi Heitkamp (D-N.D.) in a must-win contest that could decide the balance of power in the Senate during the next Congress. In another tweet Trump called them: "Two nice guys with bad ideas". "Make America Great Again!" he tweeted.
North Korea Is Building New Missiles
The Washington Post is reporting that us spy agencies are seeing indications that North Korea is constructing new missiles. North Korea has threatened to attack the USA and its allies with nuclear weapons on numerous occasions.
$1,500 Tesla Surfboard Sells Out in One Day
The surfboards are each being custom made and will take between two weeks and 10 weeks to make it to customers. Elon Musk's unique brand of merchandise has no shortage of fans, and his latest product is no exception.
YouTube’s Android app is finally getting a dark theme
We can only hope that the feature hits everyone sooner than later, but we all know how Google likes to toy with our emotions. It is also worth noting that phones with the OLED panel will deliver darker blacks than standard display panels.