Nov 05 2018
Its fourth quarter results, covering the three months to October, showed Apple sold fewer iPhones than analysts had expected - nearly 47 million - but revenues and profits all smashed forecasts. Global sales accounted for 61 per cent of the quarter's revenue. That's on the high-end of investor's expectations but flat compared to the 46 million Apple sold in the same quarter a year ago.
Strangely Cook said was unsure whether it can make enough new iPhones, Apple Watches, iPads and Mac models it released in recent weeks.
The flat sales of iPhones and yet the increased revenue shows that Apple is earning by increasing the price of the devices.
Keep in mind that these are units refurbished by Apple itself, which means you they're tested, certified, cleaned, given a new battery and outer shell, and come with a one-year warranty that you can extend with AppleCare+. Analysts were looking for 48.4 million iPhone units in the quarter, and an average selling price of US$729.
Apple announced on its earnings call today that it had surpassed its revenue estimates for Q4 2018.
The average selling price for iPhones beat expectations, rising 41% to $793.
In August, the tech giant became the first $1 trillion publicly traded USA business, a milestone reached after it boosted revenue on higher-priced models such as the iPhone X. Yet just three months later, the company spooked investors by announcing it wouldn't disclose the closely watched iPhone sales figure.
Boston Crime Boss Whitey Bulger Dead In Federal Prison
The report said he was found unresponsive at 8:20 a.m. and was pronounced dead by the Preston County medical examiner. Prison officials haven't released details, but say his body was found sometime after he was moved to the prison.
Notorious Boston gangster 'Whitey' Bulger was killed in prison, source says
Bulger was later identified as the dead man, although officials released no details surrounding his sudden, violent demise. Paul Rico to penetrate the USA pari-mutuel industry by taking over the World Jai Alai company.
Stocks Rout to Envelop Asia as Treasuries Rally: Markets Wrap
Truck maker Paccar tumbled 6.9 percent to $56.35, while engine manufacturer Cummins slid 3.4 percent to $135.17. Brent crude, used to price global oils, gained 0.3 percent to $76.67 per barrel in London.
From next quarter onwards, Apple will only report overall total revenue and cost of sales. Services revenue for the quarter surpassed $10 billion for the first time, growing 27 percent year-over-year.
"There's going to be a minimum tax on foreign earnings coming from the new tax legislation" passed in the United States, Apple Chief Financial Officer Luca Maestri told Reuters.
This will be the last quarter that Apple reveals how many iPhones, iPads, and Macs it shipped.
Neil Shah, research director at HongKong-based Counterpoint Research, said on Saturday its channel checks pointed to numbers for the quarter in the range of 700,000 to 800,000 units, down from about a million a year ago. Revenue was up 20 percent YoY to $62.9 billion, with earnings per share of $2.91, up 41 percent.
For Apple, it looks like the iPhone growth - in terms of number of phones - is slowing down.
Apple shares fell almost 7 percent Friday as Wall Street evaluated the company's announcement that beginning with its December business quarter, it would no longer give updates on the number of iPhones, iPads and Macs it sells each quarter.
Nov 05 2018
Overwatch's next hero is Ashe, a gunslinging western gang leader
In addition to the levitating Snowball and the Genji Sword, Overwatch's heroes and environments have been adapted into LEGO form. One thing is for sure though, the audience reaction to her and her Ultimate Bob-the-mustach'd-robot was overwhelmingly positive.
Nov 04 2018
Derrick Lewis breaks down loss vs. Daniel Cormier | UFC 230
Souza and Weidman were engaged in a brutal slugfest that kept both fighters on their feet for most of the first 2½ rounds. Souza endured and landed a thunderous right hand midway through the final round that sent Weidman crashing to the canvas.
Nov 03 2018
WWE Crown Jewel results, live updates, matches, card, predictions
On a conference call with shareholders WWE chairman Vince McMahon said: "We're not going to talk a lot about that [Crown Jewel]". However, the call by WWE officials was to have the decision made to quietly list Hogan's name on the WWE website.
Nov 02 2018
Super Smash Bros. Ultimate Adding This Character as Free DLC
As of now, there's no telling if those who miss out on the purchase window of Super Smash Bros . To rescue them you have to win special fights that are themed around the character in question.
Nov 01 2018
Mystery surrounds deaths of Saudi sisters found in NY
Tala Farea had been missing from Fairfax since August 24, according to the National Center for Missing and Exploited Children . Both had been students and Rotana had been studying at George Mason University before she left in the spring.
Oct 30 2018
Oscar Strengthens Into Tropical Storm; No Threat To Land
AST (0900 UTC), the center of Hurricane Oscar was located near latitude 28.6 north, longitude 58.2 west. The Atlantic hurricane season ends on November 30, but it usually peaks on September 10-11.
Oct 30 2018
Harry v Meghan in welly-wanging contest
He had a private audience with Harry and Meghan in June, after winning one of the Queen's Young Leaders Awards past year . The Duchess brought out her love for women rights in her speech that has since been shared widely.
Oct 29 2018
Mexico offers temporary residency for some migrants
Pena Nieto said the plan "is only for those who fulfil Mexican laws" and is a first step toward permanent refuge status. And almost 500 more Hondurans have voluntarily agreed to return to their home country, Mexican officials said.
Oct 28 2018
Interim CBI chief's orders including mass transfers on hold
It is bypassing this Committee that the impugned orders have been passed by the CVC and the Central Government. The court said the inquiry will be conducted under the supervision of a former Supreme Court judge.
Oct 28 2018
Red Sox vs. Dodgers
But second baseman Ian Kinsler's wide throw on a two-out grounder by Yasiel Puig let Los Angeles score the tying run. The stakes: With Max Muncy giving the Dodgers life, they now have the opportunity to set things back to square one.
Nov 05 2018Trump raises doubts about Kavanaugh accusers after latest DOJ referral
Nov 04 2018India bowl; Krunal and Khaleel handed T20I debuts
Nov 04 2018Nazis Target Oprah And Stacey Abrams In Robocalls
Nov 01 2018Venice Hit by Worst Flooding in a Decade
Oct 31 2018Rampage victims' funerals begin as Trump heads to Pittsburgh
Oct 29 2018How to unlock Red Dead Redemption 2's best cheat codes
Oct 29 2018Look China rich help drive global billionaire wealth to $12.3 trillion
Oct 28 2018Former England manager Glenn Hoddle seriously ill after collapsing at TV studio
Oct 27 2018IPhone XR now available from Vodafone
Oct 26 2018Lucky lottery victor scoops record $1.6bn
Nov 04 2018Wayne Rooney to return for England farewell vs U.S. at Wembley
Nov 03 2018Blizzard Announces Diablo Immortal For Mobiles
Nov 03 2018Top Pakistan religious scholar Moulana Samiul Haq assasinated in Rawalpindi
Nov 02 2018Pentagon: 5000 Troops Will Be Deployed To U.S.-Mexico Border
Nov 02 2018Cause of Soyuz-FG Launch Failure Revealed - Probe Commission
Nov 01 2018Penn State QB returns to game, leaves again
Oct 30 2018Emotional Bowman Revels In Winx Success
Oct 27 2018Pakistan beat Australia by 66 runs in first T20
Oct 26 2018'Russia will react if U.S. ships new missiles to Europe'
Oct 25 2018Saudi prince may be involved, but I want to believe he's not
Oct 25 2018Floresville resident claims $5 million Mega Millions prize
Oct 24 201820 injured in Rome after escalator loses control