Apple made more money last quarter than it ever has in the company’s history, but despite bringing home $88.3 billion in revenue, not all investors were impressed.
Wall Street walked away from Apple’s Q1 2018 earnings with mixed reviews. Money and cash is at an all-time high, yet there are some worrying signs that iPhone sales are about to hit another slump and new products like HomePod aren’t doing much to excite the market.
Here are the five biggest takeaways from today’s call:
The first Apple earnings report of 2018 is already here. Based on analysts’ expectations, it will probably be Apple’s biggest earnings ever.
Thanks to the high price of the iPhone X and the holiday shopping season, Apple is set to rake in record-setting profits this quarter. Wall Street is eager to know what Apple plans to do with all its cash, especially now that it is bringing more than $200 billion back home from overseas.
Tim Cook and Apple CFO Luca Maestri are set to get on the phone with investors at 2 p.m. Pacific to talk about all the numbers. Per usual, we’ll be right here live-blogging all the action with up-to-the-minute analysis on all of the juicy new nuggets.
Come join us:
iPhone X sales did not come in as strong last holiday season as investors hoped. Apple just posted its Q1 2018 earnings, and iPhone sales declined compared to the same quarter a year ago. Everyone on Wall Street seemed to expect an increase.
Still, there’s a silver lining: Despite the weaker iPhone sales, Apple made a record-setting $88.3 billion in revenue during the quarter. CEO Tim Cook says the iPhone X defied the company’s expectations, leading to Apple’s best quarter in history.
ARKit hasn’t produced any apps that are absolutely must-haves, but that could soon change with iOS 11.3.
Apple has added some new ARKit features in the updates slated for release this spring. iOS developer Andrew Hart has already created a demo that utilizes the image recognition tools to identify books on a store shelf while providing reviews and ratings from the internet.
Prepare to be amazed:
Laurene Powell Jobs, the widow of Apple co-founder Steve Jobs, is set to make another big investment in media.
The Emerson Collective, founded by Laurene Powell Jobs in 2004, is reportedly considering making an investment in the Buzzfeed media’s news division.
I do wonder who might need their Time Machine backups to run every single hour. With the versioning tools built into Dropbox, or into text editors like Ulysses, and the reliability of SSD drives, hourly backups may be overkill. Or they may just be annoying. Or, if you have an older Mac, they may slow things down while you’re trying to work. Whatever your reason for complaining about hourly Time Machine backups, then, TimeMachineEditor has you covered. It’s a free utility that takes control of Time Machine scheduling.
What would you do if your family reunion only lasted three minutes?
That’s the concept for Apple’s heartwarming new short film, Three Minutes, that celebrates Chinese New Year. The entire film tells the story of a mom who works as a train conductor on one of China’s longest routes. Her entire route takes six days to complete and she only gets to spend three minutes with her son and sister at one of the stops. What they do during that short time will shock you.
Prepare to have your heart strings pulled:
Nintendo has been making headlines with a range of do-it-yourself Switch accessories made out of cardboard. One of the best is a music keyboard, and now you can get one just like it for iPad.
It’s just one of the awesome ideas in this week’s Crowdfund Roundup. We also have a gaming mouse with joysticks, an affordable “smart pen” for iPad, and more!
The first big Apple earnings report for 2018 is nearly here. And, based on analysts’ expectations, it will likely be Apple’s biggest moneymaking quarter ever.
After weeks of waiting, investors will finally get their first look at how well the iPhone X is selling. Apple’s holiday sales probably hit historic levels. But with recent reports that Apple slashed iPhone X orders in half, there could be quite a few surprises in store.
As usual, Cult of Mac will be here to liveblog all the action as it transpires on Thursday, February 1, at 2 p.m. Pacific. Get ready to watch for these six things during the call:
YouTube TV, the $35-per-month alternative to cable TV, is reportedly coming to Apple TV “very soon.”
YouTube’s premium package offers a skinny bundle of 40+ live TV channels including the likes of ABC, CBS, Fox, NBC, AMC, ESPN, the Disney Channel, Fox News and Bravo. The service is available in upwards of 80 markets around the United States, covering approximately 80 percent of the U.S. population.
Get an extra eye on the road with the awesome Owl Car Cam. Founded by Andy Hodge, a former iPod product leader, this dash camera was designed to give you home-grade security behind the wheel. It’s packed with stellar features you won’t find elsewhere.
With HomePod just over one week away from making its debut, Apple has confirmed which audio sources are officially supported. Apple Music and AirPlay are obviously on the list, but there are some big omissions.
You don’t need us to tell you that the internet is a dangerous place. Surely you need no reminders of the malware, data thieves, and snoops that swim the interwebs. And if you’re aware of all those threats, you’re probably aware that a VPN is one of the easiest security measures you can take to protect yourself.
Live Photos are great. They can capture special moments in a way that some pictures just can’t. The little movie clips that play when you force-touch a Live Photo can show the joy or wonder of the image. But therein lies the problem. They’re basically video clips embedded into photos, which makes sharing them to non-iOS users a nightmare.
A plethora of apps can convert Live Photos into GIFs or a standard video clip, but iOS 11 makes it even easier. Check out our video below to see how to quickly convert a Live Photo into a GIF.
India has just struck Apple another harsh blow by raising its duty on imported mobile phones from 15 percent to 20 percent.
The move, which will make imported iPhones more expensive, follows less than two months after the country raised the import duty from 10 percent to 15 percent. It comes at a time when Apple is trying to grow its market in the world’s fastest-growing smartphone market.
Telegram and Telegram X vanished from the App Store on Wednesday and are yet to return. It’s not yet clear if the apps were pulled by Apple or Telegram.
After a year and a half of rumors, Apple will open its first ever Apple Store in Austria on February 24, according to Apple’s own website.
The new Vienna Apple store is located at the Kärntnerstrasse, one of downtown Vienna’s most profitable shopping streets, in a three-floor location previously occupied by clothing company Esprit. Until now, the closest physical stores were located in Germany, Italy, and Switzerland.
In news that’s worthy of celebration, Nintendo says that Mario Kart Tour, a new instalment in its crazy popular kart racing franchise, is coming to iOS.
In a tweet, Nintendo said that, “The checkered flag has been raised and the finish line is near.” However, it’s not revealing exactly when the game will be speeding into the App Store — other than that it will be in the “fiscal year ending in March 2019.”
This week, GarageBand saw the first new entry in its Sound Library since the feature was added in version 2.3. The Sound Library is a kind of App Store for music, letting you browse and download all kinds of samples, loops, presets and even brand-new software instruments. These come in sound packs arranged around a theme or genre. The new one is called Flex and Flow, and it brings you chilled hip-hop.
Spotify is testing a new tool to up the competition with Apple Music by stealing a key feature from one of the oldest companies in the streaming game: Pandora.
Stations, a new stand-alone app from Spotify, launched on the Google Play Store in Australia this week allowing users to listen to curated stations without any type of manual controls.
The HomePod’s fancy gimmick is that you can use Siri to control it. Even when the music is loud enough to get your neighbors banging on the walls, Siri can hear you thanks to the six microphones’ ability to ignore the sound from the speakers. But touch is always faster than talk, so a quick tap on the top of the HomePod will often be better than trying to get Siri to understand you.
Apple co-founder Steve Wozniak is not a fan of the new iPhone X.
Woz criticized the iPhone X when it was unveiled last year. And now that he’s finally spent some quality time with one (thanks to Tim Cook), he says Apple made some really bad design decisions.
Colgate’s new iPhone-compatible smart toothbrush promises to transform the way you brush your teeth, thanks to the magic of machine intelligence.
So is the E1 Smart Electronic Toothbrush With Artificial Intelligence like having a virtual dentist at your beck and call? Here’s what we make of it after a week of tooth-cleaning action.
Apple says it is cooperating with U.S. government agencies investigating the company’s decision to throttle CPU speeds on iPhones with older batteries.
The official statement from Apple this morning comes a day after news broke that the Department of Justice and the Securities and Exchange Commission are investigating whether Apple broke any securities laws.
Apple’s primary focus for its software updates this year is on improving performance and stability. But there’s a big new feature that the company is still working to bring to macOS, according to a new report. That’s the ability to run iPad apps.