Liveblog: Apple reveals its (relatively) meager Q4 2016 earnings


Q3 is usually Apple's weakest quarter.
Revenues are expected to be down year-over-year.
Photo: Ste Smith

Apple is set to report its Q4 2016 earnings today, only instead of it being a time for celebration, the company is expected to announce its first annual revenue decline in 15 years.

Apple CEO Tim Cook and CFO Luca Maestri warned Wall Street that this quarter wouldn’t smash any records, but with the iPhone 7 doing better than expected, could relief be on the way?

Investors and analysts will grill Apple about how well the company expects to perform next quarter during today’s earnings call. And Cult of Mac will be right here, liveblogging the whole shebang when it starts at 2 p.m. Pacific.

Come join the fun — it’s livestreaming on Apple’s investor site.

Apple rakes in $9 billion in profit during Q4 2016


Yep, Apple made a bunch of money, again.
Photo: Ste Smith/Cult of Mac

Apple today revealed its results for the fourth fiscal quarter of 2016. While the company made as much revenue as expected, it still posted its first annual revenue decline since 2001.

The good news for investors is that Apple is projecting a lot of iPhone growth next quarter. In Q4 2016, Apple earned $46.9 billion in revenue and $9 billion in profit, but in Q1 2017 Apple predicts it will rake in $76 billion to $78 billion.

Even flaming Galaxy Note 7 can’t scorch Samsung profits


Galaxy Note 7 that exploded while charging.
Samsung's not revealing Note 7 recall costs, though.
Photo: Mr Ni/Baidu

Samsung’s booming chip and display business was enough to offset the cost of having to recall its Galaxy Note 7 smartphones, according to a Q3 regulatory filing the South Korean tech company made today.

The company’s 7.8 trillion won ($7 billion) profit grew 5.6 percent by quarter to beat expectations. However, things might be a bit more complex than they initially appear.

Apple Watch Series 2 may not be enough to boost sales


Apple Watch Nike Plus
Will the Nike+ bring in more Apple Watch customers?
Photo: Buster Hein/Cult of Mac

The new features on the Apple Watch Series 2 will not be enough to boost overall sales of the wearable, claims KGI Securities analyst Ming Chi Kuo.

Even though the original Apple Watch was only on sale for eight months in 2015, Kuo’s supply chain sources indicate that sales will decline compared to last year.