Apple’s five year reign as the world’s most valuable brand has come to an end. For now.
Even though the iPhone-maker reported historic revenues and profits during its Q1 2017 earnings call yesterday, Google has supplanted Apple in the latest brand rankings.
Apple managed to shock Wall Street today by beating its own expectations for Q1 2017, the most profitable quarter in the company’s history.
There was good news all around as iPhone sales, services and even the Mac all performed better than predicted. During today’s earnings call, Tim Cook and Apple CFO Luca Maestri revealed some of the secret sauce that made Apple’s earnings one for the history books.
Here are the top takeaways from today’s call.
Apple’s stellar quarter for iPhone sales didn’t just put more money in the bank; it also helped the Cupertino company overtake Samsung to become the world’s top smartphone vendor.
According to the latest data from Strategy Analytics, Apple shipped 78.3 million handsets in Q4 2016 — around 800,000 more than Samsung. However, the iPhone wouldn’t have stood a chance if it wasn’t for the Galaxy Note 7 recall.
The number 7 was lucky for Apple, as worldwide sales of the iPhone 7 and 7 Plus hit a quarterly record and put the breaks on a three-quarter revenue skid, the company said in today’s first quarter earnings report.
Apple saw a 5 percent revenue increase ($54.3 million) with more than 78 million iPhones sold. It was the first full quarter of the iPhone 7, delivered during a time of year that typically generates the best sales figures for Apple because of the holiday shopping season.
Apple is set to reveal its first quarterly earnings report of 2017 and, if Wall Street’s estimates are any indicator, it could be Apple’s biggest quarter ever.
After multiple quarters of declining revenues, today’s call could see the company return to growth, lifted by strong iPhone sales over the holidays and a burgeoning services business that has quickly become Apple’s second-biggest moneymaker.
Tim Cook and Luca Maestri are scheduled to hold an open call with investors today at 2 p.m. Pacific. As usual, Cult of Mac will be here liveblogging and analyzing all the action. Get prepped for the call with our guide on what to expect, and join the fun in the liveblog below.
Apple’s stock saw a big surge after the company announced record-breaking earnings for Q1 2017.
AAPL was up almost 3 percent in after-hours trading to $124.50. Apple stock has been climbing recently but was depressed in anticipation of today’s results.
Apple sold more iPhone units than ever before last quarter, a spasm of sales that finally returned the company to growth, as revealed today in Cupertino’s first earnings report of 2017.
With total revenues of $78.4 billion bringing in a profit of $17.9 billion, Apple CEO Tim Cook said he is “thrilled” with the results. Wall Street is happy, too: AAPL shares are trading up significantly in after-hours trading.
The first beta build of watchOS 3.2 has finally been made available to developers today, less than a week after iOS 10.3 beta 1 and macOS 10.12.4 beta 1 came out.
Among the new features in watchOS 3.2 beta 1 is a new Theater Mode that makes wearing an Apple Watch in movie theaters a little less annoying for fellow film watchers.
Buying a Plus-sized iPhone doesn’t just get you a bigger screen, but also a better phone with more RAM and a greater camera. And there’s a good reason for that.
These things attract a greater number of buyers to Apple’s larger handsets, increasing its profits and the average selling price of the iPhone. And that’s why the iPhone Plus will always be better than its smaller siblings.
Apple appears to be pulling iOS apps from Iranian developers despite making the App Store available in Iran last September.
Several titles from Iranian startups have disappeared in recent days, but it’s not clear why Apple has suddenly begun bringing down the ban hammer.
Apple has pulled its iCloud Activation Lock page which helped users find out if an iOS device was locked to an iCloud account.
The tool could be used to verify that a used iPhone, iPad, or iPod touch wasn’t stolen before you purchased it — but the website’s URL now leads to an error page.
This week on The CultCast: We laugh and cringe about Apple’s weirdest, wackiest and worst products of all time! Plus: How Michael Scott almost single-handedly destroyed Apple; the cool new features in the iOS and macOS betas; facial recognition is coming to iPhone; and a look at the beautiful prototypes that led to some of Apple’s most iconic products.
Our thanks to Squarespace for supporting this episode. It’s simple to accept Apple Pay and sell your wares with your very own Squarespace.com website. Enter offer code CultCast at checkout to get 10 percent off any hosting plan.
The Trump administration and Apple appear to be patching up their rocky relationship after Apple CEO Tim Cook met with two of Trump’s closest advisers this week.
When Apple reveals its first quarterly earnings report of 2017 next Tuesday, the company could shock us with another record-breaking quarter.
The Q1 2017 earnings will cover Apple’s first full quarter of iPhone 7 and iPhone 7 Plus sales, and Apple should also get a big boost from the holiday shopping season, according to some Wall Street estimates. During its last earnings call, Apple predicted its revenue slump will end as the company finally returns to growth this quarter, but will it be enough to satisfy investors?
Here’s what to expect from Apple’s January 31 earnings report.
Starting today, all public testers can get in on the new iOS 10.3 and macOS 10.12.4 betas released to developers earlier this week.
If you’re already a member of the Apple Beta Software Program, you can grab iOS 10.3 beta 1 and macOS 10.12.4 beta 1 immediately. If not, just sign up if you want to get early access to upcoming iOS features like Find My AirPods and the new Night Shift mode for Macs.
Apple is close to finalizing its negotiations with the Indian government over a local manufacturing facility, according to a new report.
The company confirmed on Wednesday that it had enjoyed a “constructive” meeting with Indian officials after issuing a list of demands for its move. Now a source with knowledge of the matter says “it’s almost a done deal.”
Apple has added another high-profile hire to its roster of top tech talent by bringing on the co-founder and former CEO of Dropcam, Greg Duffy.
Apple promised “bug fixes” with its most recent iOS 10.2.1 update, but it failed to fix an annoying issue that causes the iPhone to switch itself off with around 30 percent battery life remaining.
Kitting out your dream geek-room, but don’t know what to put on the walls? Well, have no fear because Retro Patents are here — and they’ve got some unique Apple posters to sell you.
Giving a new lease of life to the original patent illustrations for devices like the iPhone and Macintosh 128K (both of which celebrated their birthdays this month), each $25 print includes the names of its inventors, U.S. Patent & Trademark Office reference number, product name, and the date of the original patent filing.
Apple supplier Japan Display has found a way to reduce the cost of flexible displays by swapping OLED panels for LCD. The company plans to start mass producing its new screens in 2018, and they’re likely to appear in future iPhones.
Apple has confirmed it has had a “constructive” meeting with the Indian government over plans to open a local manufacturing facility.
Its statement comes less than a week after the company issued a list of demands that included lengthy tax breaks and a waiver on customs duties.
Your iPhone 7 is already water-resistant, but it’s not designed for deep sea diving. Fortunately, LenzO is, and it’ll let you snap stunning pictures in water up to 100 meter deep.
It’s just one of the awesome picks in this week’s Crowdfund Roundup. We’ve also got an adapter that brings MagSafe back to your MacBook, a wearable Lightning cable that you won’t lose, the world’s smallest 4K action camera, and more!
Instagram isn’t simply a social network for sharing images. Used properly, it’s a powerful tool for connecting with like-minded photographers and getting feedback about your images.
I’m passionate about photography, and finding communities I can engage with is really important when it comes to helping me improve and get ideas for new projects. These Instagram tips and tricks, which I use on a daily basis, can really help you grow as a photographer.
If you like the idea of the new Nintendo Switch but you do all your gaming on iOS, the latest controllers from Gamevice are going to be right up your alley.
Like Nintendo’s latest console, they slap physical buttons and analog sticks onto the sides of your iPhone and iPad. They’re also powered by your iOS device so there’s no need to charge a battery, and they bring the headphone jack back to your iPhone 7.
Pixelmator, one of the simplest yet most powerful image editing apps for iOS, costs a mere 99 cents for a limited time only. The discount saves you $4 and makes Pixelmator an even more affordable alternative to Photoshop.