Taking a close look at Apple’s financial results during the first three months of this year in hard numbers shows how the company is changing. Services are getting more important to its bottom line, and so are iPads. While iPhone is still a big part of Apple’s business, it’s not as significant as it used to be.
Check out these charts that demonstrate with a glance how the changes play out.
Wall Street received surprisingly better-than-expected news from Apple’s Q2 2019 earnings report today — and the stock is soaring in after-hours trading.
iPhone sales remain down, but pretty much every other facet of the company’s business is firing on all cylinders. Customers are falling in love with the iPad all over again. Services are booming. And Apple’s wearables business is now the size of a Fortune 200 company.
Despite plenty of doom and gloom from analysts over the last 12 months, Apple’s future is looking bright again.
Many of us would are equally embarrassed about the tidiness of our desktop as our bedroom. No wonder TV shows about organizing spaces are so popular: we can all use some help getting things in order.
Apple’s business in China is finally turning around, according to execs who say Cupertino’s troubles in the country might be a thing of the past.
“We feel positive about our trajectory,” Apple CEO Tim Cook said during Tuesday’s earnings call, noting that the company’s “year-over-year revenue performance in Greater China improved relative to the December quarter.”
Then Cook laid out four reasons why Apple’s “China problem” is going away.
To listen to Apple’s Q2 earnings call is to get inundated with numbers. But the stockholder looking for a set of numbers giving them a reason to buy more shares should consider the rise of new Apple customers.
Apple CFO Luca Maestri delivered the usual dry intro into quarterly reports: the ups, downs, gross margins, basis points and other wonky indicators important to analysts listening in.
It was in his next breath where Maestri provided “color” that explained Apple’s optimism in the road ahead. There was double-digit growth in services, subscriptions and a blockbuster quarter for both the iPad and wearables, particularly, the Apple Watch Series 4.
Apple surprised Wall Street with a better-than-expected Q2 earnings report this afternoon and one of the biggest factors was the iPad.
With revenues topping $58 billion Q2 (down 5% YoY), Apple is trying to become less reliant on its iPhone business. Services are expected to pick up most of the slack, but this last quarter Apple got some unexpected help from its iPad business that is experiencing a resurgence just at the right time thanks to the new iPad Pro.
Apple saw a small but significant year-over year reduction in Mac sales during the first three months of 2019. This wasn’t because customers didn’t want to buy macOS notebooks and desktops however, but because Apple couldn’t get the Intel processors required to produce the computers.
Apple’s wearables business continues to grow like gangbusters.
Sales of the Apple Watch grew 50% compared to the same quarter last year, Apple CEO Tim Cook said on Apple’s Q2 2019 quarterly analyst call Tuesday.
If Apple’s wearables business — which includes the Apple Watch and the popular AirPods earbuds — were a stand-alone company, it would be in the Fortune 200, Cook said.
Apple revealed its Q2 2019 earnings report and despite some pessimism from analysts, the company managed to beat Wall Street’s expectations.
Revenue for the quarter came in at $58 billion, slightly above Apple’s own guidance to investors. Most of Wall Street analysts were predicting the company would only bring in between $54 billion to $57 billion for the quarter. Better yet, the company’s guidance for next quarter is stronger than expected, signifying that the doom-and-gloom may have been severely overstated.
Facebook is retooling Instagram to take some social pressure out of social media.
The photo-sharing app, which along with the iPhone sparked a revolution in instant photography, will reduce the pressure by making “likes” private so followers engage the content, not how popular it is. Instagram is also playing with ways to reduce the prominence of follower counts.
Oprah Winfrey is already creating original programming for the upcoming Apple TV+ service, and now she’s suggesting she might be doing even more. She says she’s interested in creating a series in which she interviews celebrities and politicians.
Looking for a wearable that’s more athletic than Apple Watch that doesn’t break the bank?
Garmin’s new lineup of updated Forerunner GPS watches has you covered with a slew of options, most of which are cheaper than the Apple Watch Series 4.
Both macOS and iOS have excellent built-in support for subtitles. And many video player apps will play a subtitle file for you if you just drop it into the same folder as a movie, or even drag and drop it onto a movie that’s already playing.
But if your hearing is fine, why should you bother with subtitles? I came up with a short list:
The good news is that subtitles are easy. And the bad news? There is none.
Amazon is serving up sweet deals on iPads right now. You can grab the latest entry-level model for just $249. Or, if you can’t put that sweet 11-inch iPad Pro out of your mind, you can make the purchase price a lot less painful with today’s $300 discounts.
Also in today’s Deals & Steals roundup: Inexpensive HomeKit-compatible light bulbs and amazing deals on wireless chargers and USB-C cables!
Samsung has a new vertical TV made for social media browsing, a design the Korean electronics company says is aimed at millennials.
But will even the most voracious social media consumers pay $1,600 to get their fix on a bigger screen?
Astro HQ, makers of Luna Display, dreamed up a macOS laptop concept with a foldable display that covers the entire interior of the MacBook. The design includes a touchscreen and Apple Pencil support.
Artists’ concepts are often impractical dreams for the future but a version of this can be assembled right now. Sort of.
Wall Street is anxiously awaiting Apple’s earnings report for the second quarter of 2019 that will be delivered on Tuesday, April 30. Apple’s stock value has risen about 30% this year even though iPhone sales are slowing.
Most analysts predict that nearly all of Apple’s numbers will be down compared to the same quarter last year, but there are few bright spots that could cause the company’s stock price to surge. After looking at the analysts’ numbers, we’ve found a couple of key areas to watch for.
Photographers still clinging to Apple’s discontinued imaging software, Aperture, must now deal with a ticking clock.
Apple announced Aperture will not get support from future MacOS past Mojave and have issued a support document encouraging Mac-based shooters to migrate their photo libraries.
Samsung has reported its weakest profits in two years as first quarter earnings suffered from weak smartphone and memory chip sales.
While Samsung said that it expects things will be get better in the second half of the year, the immediate outlook isn’t great. Samsung posted operating profits of $5.4 billion for the quarter, its smallest since late 2016. By comparison, this quarter last year raked in $13.4 billion.
Departing Foxconn chairman Terry Gou is reportedly heading to the U.S. where he will have a meeting at the White House. The subject of the meeting will be Foxconn’s plans to open a factory in Wisconsin.
Foxconn maintains that it’s working hard to deliver the factory it received $4 billion in tax breaks for. However, behind-the-scenes dealings suggest that the company may be trying to renegotiate terms.
T-Mobile and Sprint have pushed back the date for completing their proposed controversial merger to July 29. The reason? Because the U.S. Justice Department’s Antitrust Division chief says that he has not yet decided whether or not to approve the deal.
Previously, the deal was supposed to be completed this week. If it takes place, it will combine the no. 3 and no. 4 wireless providers in the United States.
Apple could use next-gen MicroLED displays for a future iPhone, a new report claims.
The report claims that Foxconn, Apple’s biggest supplier, is working hard to win MicroLED orders from Apple — and the iPhone is singled out as the likely recipient.
Robotics startup Anki, which graced the stage at WWDC in 2013, has closed up shop. The company previously raised more than $200 million in funding, but it had seemingly burned through the money.
Anki revealed this week that it will lay off its entire staff of almost 200 people. The startup previously enjoyed acquisition interest from the likes of Microsoft, Amazon and Comcast.
The Apple vice president in charge of sourcing 4G and 5G iPhone modems has left. The departure of Rubén Caballero comes as this part of Apple’s business is in transition, with Qualcomm once again available to provide these vital components.
It seems developing a 5G iPhone is going to continue to be more difficult than one might expect.
A new video wraps up all the unconfirmed reports about Apples next handset. And there’s a lot to work with. Details about the iPhone 11 have been leaking out steadily, even though the launch is still half a year away.
Watch it now: