Trouble in China, iPhone slump and other Apple earnings surprises

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How will investors respond to Apple's relatively flat earnings?
How will investors respond to Apple's relatively flat earnings?
Photo: Ste Smith

Apple’s Q2 earnings report for 2017 just barely beat Wall Street’s expectations when the numbers were revealed this afternoon, but there are plenty of reasons to still be optimistic about AAPL.

During the company’s call with investors today, Apple CEO Tim Cook and CFO Luca Maestri discussed some of the struggles the company experienced last quarter, from slumping iPhone sales to economic headwinds in China.

Here are the biggest takeaways:

Apple beats expectations in Q2 2017 earnings report

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money
Apple is raking in the cash.
Photo: Ste Smith/Cult of Mac

Apple just posted its earnings for Q2 2017 and while the numbers aren’t as monstrous as last quarter’s, there’s a lot to love in the new report.

With revenues hitting $52.9 billion, Apple returned to growth for the second straight quarter with $11 billion in profit. iPhone sales were down year-over-year, but Apple CEO Tim Cook says demand for the iPhone 7 Plus is still high.

What to expect from Apple’s Q2 2017 earnings report

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Tim Cook and Luca Maestri will reveal Apple's Q2 earnings.
Apple made a ton of money last quarter.
Photo: Jim Merithew/Cult of Mac

Leaked iPhone 8 schematic reveals dual-lens front camera and more

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iphone
We hope the next iPhone is this beautiful.
Photo: AlHasan Husni

Another alleged iPhone 8 schematic has leaked out of China, providing new details about Apple’s upcoming handset — including the tech behind its wireless charging capability.

The supposed iPhone 8 drawing surfaced on Weibo today. Unlike the last two schematics that leaked, this one includes detailed labeling of each part, revealing a dual-lens camera in the front and wireless charging in the back.

iPhone growth stalls as Chinese smartphones surge

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Product Red iPhone box
The RED iPhone 7 hasn't given sales a boost.
Photo: Ste Smith/Cult of Mac

Growth in the smartphone industry isn’t dead yet, according to the latest report from the International Data Corporation which found smartphone shipments grew more than expected last quarter.

IDC predicted shipments would rise 3.6%, but the industry actually saw 4.3% growth in Q1 2017. Unfortunately for Apple, most of the increase in shipments were triggered by a couple of Chinese companies.

Didi Chuxing may cure world of traffic jams, says Tim Cook

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tim cook in a car
Tim Cook catches a cab with Didi Chuxing's Chuxing's Jean Liu.
Photo: Tim Cook/Twitter

Apple CEO Tim Cook had nothing but high praise for Didi Chuxing CEO Jean Liu in an exert he wrote about her for Time magazine.

Liu was named one of Time’s 100 most influential people of 2017. Cook, who sits on Didi’s board, was asked to write about Liu and said that her taxi-hailing startup is changing how people in China connect and commute with its convenience and flexibility.

Earth Day videos showcase Apple’s struggle to go green

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Can solar farms feed yaks?
Can solar farms feed yaks?
Photo: Apple

Apple is taking Earth Day more seriously than ever this year. The company just published a new series of animated videos that go behind the scenes on the company’s goal to create zero waste.

The four new videos highlight the crazy things Apple does to be as environmentally friendly as possible. Each one-minute video focuses on challenges the company already overcame, whether it’s making yak-friendly solar farms in China, building breathable walls for Apple Park or creating fake sweat for iPhone tests.

Watch all four right here:

China wants to tighten screws on livestreaming apps

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China
Tim Cook meeting with China's vice premier on a previous visit.
Photo: Apple

Apple has run into another hurdle in China, with internet regulators in the country reportedly calling on Apple to “tighten its checks” on live streaming apps which appear in the App Store.

While no specific live streaming apps are mentioned, popular apps include Periscope, Facebook Live, and others. Apparently the concern on this occasion concerns possible “management loopholes” with the apps in question. However, this is far from the first time the Chinese government has kicked up a fuss about Apple.

Man builds working iPhone 6s using spare parts bought in China

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These are the 4 main parts you need.
These are the 4 main parts you need.
Photo: Strange Parts

Want to save a ton of money on a new iPhone? Try building your own.

Using a bunch of replacement parts bought at a marketplace in China, an ingenious YouTuber proves it’s entirely possible to build your own iPhone 6s. It turns out buying the parts is way cheaper than getting an iPhone 6s directly from Apple, as long as you’re cool assembling the tiny parts on your own.