earnings

Apple Blames Currency Fluctuations and Uncertainty in Emerging Countries for Weak Holiday Sales Estimates

Though iPhone revenue was up in 4Q 2018, fourth quarter iPhone XS and XS Max sales were not as strong as expected, and iPhone sales growth was essentially flat. Apple sold 46.9 million iPhones during the quarter, compared to 46.7 million in the year-ago quarter, missing analyst estimates. Apple’s $89 to $93 billion revenue forecast …

Apple Blames Currency Fluctuations and Uncertainty in Emerging Countries for Weak Holiday Sales Estimates Read More »

Microsoft's 'record' quarter driven by big growth in Azure and gaming

Microsoft just released financial results for the past quarter, the first quarter of its fiscal year, and the company's many different business units all appear to be firing on all cylinders. Overall revenue increased 19 percent year-over-year to rea… Source: Engadget | Microsoft's 'record' quarter driven by big growth in Azure and gaming

Snapchat lost 3 million daily users in the past three months

Though Snap has been hard at work adding new features like group video chats and "Harry Potter" Bitmojis, things haven't so rosy at the company as of late. User growth slowed down last quarter, Instagram continues to eat its lunch, and Snap's Spectac… Source: Engadget | Snapchat lost 3 million daily users in the past …

Snapchat lost 3 million daily users in the past three months Read More »

Apple to Announce Third Quarter 2018 Earnings Results on July 31

Apple today updated its investor relations page to announce that it will share its earnings results for the third fiscal quarter (second calendar quarter) of 2018 on Tuesday, July 31. The earnings release will provide a look at continued sales of the iPhone X, iPhone 8, and iPhone 8 Plus, along with data on how …

Apple to Announce Third Quarter 2018 Earnings Results on July 31 Read More »

Apple Reports Q2 2018 Results: $13.8B Profit on $61.1B Revenue, 52.2M iPhones

Apple today announced financial results for the second fiscal quarter of 2018, which corresponds to the first calendar quarter of the year. For the quarter, Apple posted revenue of $61.1 billion and net quarterly profit of $13.8 billion, or $2.73 per diluted share, compared to revenue of $52.9 billion and net quarterly profit of $11.0 …

Apple Reports Q2 2018 Results: $13.8B Profit on $61.1B Revenue, 52.2M iPhones Read More »

Apple Expected to Report Best-Ever Second Quarter Today With Anticipated Clues About iPhone X Sales

Apple is set to report its earnings results for the second quarter of its 2018 fiscal year at 1:30 p.m. Pacific Time today. The quarter began December 31, 2017 and ended March 31, 2018, according to Apple’s fiscal year accounting calendar. Apple provided the following guidance for the quarter back on February 1:revenue between $60 …

Apple Expected to Report Best-Ever Second Quarter Today With Anticipated Clues About iPhone X Sales Read More »

App Store, Apple Music, iCloud and Apple Pay Set All Time Quarterly Revenue Records in Q1 2018

Apple’s services category continues to grow rapidly, and in the first fiscal quarter of 2018, Apple services, which includes iTunes, the App Store, Apple Music, iCloud, Apple Pay, and AppleCare, saw revenue of $8.5 billion, up 18 percent year over year. The App Store saw its best holiday season ever, and Q1 2018 marked the …

App Store, Apple Music, iCloud and Apple Pay Set All Time Quarterly Revenue Records in Q1 2018 Read More »

Apple Reports Record Results for 1Q 2018: $20B Profit on $88B Revenue, 77.3M iPhones

Apple today announced financial results for the first fiscal quarter of 2018, which corresponds to the fourth calendar quarter of 2017. For the quarter, Apple posted revenue of $88.3 billion and net quarterly profit of $20.1 billion, or $3.89 per diluted share, compared to revenue of $78.4 billion and net quarterly profit of $17.9 billion, …

Apple Reports Record Results for 1Q 2018: $20B Profit on $88B Revenue, 77.3M iPhones Read More »