Apple posts record revenue but its value slips under $1tn - General Business
Nov 05, 2018, 01:47
However, this number was slightly below what Wall Street analysts were predicting. iPad sales were 9.7 million in the quarter, down 17% from previous year.
Apple has revealed record revenue and profits - but admitted it could miss its sales targets for the lucrative holiday season, causing it to briefly lose its historic $1 trillion market cap.
Cook was confident, however, that Apple will be able to get through the circumstances, as the company is armed with "our strongest line-up of products and services ever".
For the whole of 2018, Apple was set to sell about 2 million phones - a drop of about a million from past year, he said, as Indians baulk at high prices for the devices, driven by trade tariffs and a weak rupee. "The install base of android has grown vastly; the new customer base (for Apple) is not coming". This resulted in iPhone revenue growing 29 percent year-over-year.
Apple has provided investors with this information for the past 20 years, with the upward trajectory of iPhone sales in particular over the past decade helping drive its market value up.
Interestingly, Apple sold almost the same number of iPhone units in the final quarter of the year 2018 as it did during the same time last year, yet its revenue grew from $28,846 million in Q4 2017 to $37,185 million in Q4 2018 owing to the rise in price of its smartphones, particularly iPhone XS and iPhone XS Max. Instead, Apple will only make public revenue data.
"Judging by the sales numbers that does seem likely but when your average selling price rises to $793 a unit, due to the launch of higher spec and thus higher priced products, who really cares?" The device is Apple's newest entry-level smartphone, and is pegged to do well: like the new iPad Pros, it retains some of the iPhone X's key features, with a significantly larger 6.1-inch screen and at a more reasonable price.
But Cook stressed that Apple was happy with its performance in China, where revenue grew 16 per cent to $11.4 billion, the fifth quarter in a row the company has had double-digit growth in the region.
Chief Financial Officer Luca Maestri said the company will stop reporting unit sales for iPhones, iPads, and Macs beginning in fiscal 2019.
What spooked some investors may have been the guidance Apple gave for its holiday quarter sales.
Analysts had expected earnings per share of $2.78 on revenue of $61.5 billion. For years, it has dutifully reported sales of Macs and iOS devices, but the Apple Watch, Apple TV and HomePod have never been broken out on their own. But higher prices of newer iPhones helped.
Over the past 600 years, Europe's Black Sea has been one of the maritime areas hit hardest by war and nationalism. The University of Southampton in the United Kingdom announced the discovery on Tuesday.
Trump blowing the White Nationalist dog whistle at a rally for #TedCruz . "You know what I am, I'm a nationalist", Trump said. He said Democrats want to give "free health care and education to illegal aliens, paid for by you". "We can't have that".
He then went on to concede that "I shouldn't say this" before continuing to declare "there's nothing to be embarrassed about". Jon Tester , but it was his praise for House Greg Gianforte's physical assault on a reporter that stole the show.
New Apple MacBook Air specifications The new MacBook Air features a 13.3-inch Retina display with macOS Mojave operating system. So here's the New MacBook Air, a completely redesigned, reengineered, and carefully refined upgrade over the predecessor.
He says of the North Atlantic Treaty Organisation ally: "The Turks have been talking more to the media than they have us". Turkish President Recep Tayyip Erdogan has promised to reveal the findings of an investigation on Tuesday.
A political crisis in the wake of last year's elections also led to thousands of arrests and a number of deaths. Kolken says criminals sometimes embed themselves in migrant caravans and target unsuspecting individuals.
The boosters are filed under Bonus Content, and will be automatically enabled - feel free to disable if you fancy. Another scenario where the game ends is when you can not place any more dominoes on the table.
Customers from across the world appear to have suffered an outage of YouTube service for around 2 hours Tuesday. Because of YouTube's outage on Wednesday morning, users from all over the world could not see the videos on it.
Standardized surveillance was established in 2015 to monitor this illness and attempt to estimate the baseline incidence. Viruses that can cause the disease include poliovirus , non-polio enteroviruses, adenoviruses and West Nile virus.
The country's refiners imported around 10 million barrels, or about 1.4 million tonnes, of Iranian crude in October. Secretary of State Mike Pompeo and Treasury Secretary Stephen Mnuchin made the announcement Friday.
Sayoc, shackled at the wrists and ankles and wearing a tan jail jumpsuit, said little at the hearing but at one point tearing up. The official wasn't authorized to discuss an ongoing investigation and spoke on condition of anonymity to The Associated Press.
But even an extension would not get rid of the EU's insistence that such a backstop must be agreed to secure a deal. However, a European parliament official said there had been progress made towards setting a date for the meeting.
China leads the way as worlds billionaires get even richer
Stadler said: "What we have seen in the past is Silicon Valley invents, China copies". "They do this by leapfrogging". While there are 106 new Chinese billionaires this year, there are now 51 newly minted former Chinese billionaires.
5 takeaways from Week 8 loss to MI
So another week of rest could do wonders for the wide receiver as next week we could get a more serious update on Black's return. His biggest game this season was an 84-yard performance against TCU, in a game where he also had several costly drops.
Huawei Mate 20, Mate 20 Pro announced to raise the bar
The handset comes with a fingerprint sensor on the rear unlike the in-display fingerprint sensor found on the Mate 20 Pro . In terms of connectivity, the handset offers 4G LTE, Wi-Fi 802.11ac, Bluetooth v5.0, GPS/ A-GPS, and a USB Type-C port.