Today in Apple history: iPod drives profits to new heights

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Photo: Jim Merithew/Cult of Mac
The iPod was kind of a big deal in 2005.
Photo: Jim Merithew/Cult of Mac

Jan12January 12, 2005: Apple reports record earnings for the preceding three months — with holiday sales of the iPod and demand for the latest iBook giving Apple a four-fold increase in profits.

Apple brags that it has sold a total of 10 million iPods, and that the massive popularity of its portable music player has driven Apple to the highest earnings in its history.

Today in Apple history: Apple suffers first quarterly loss since Jobs’ return

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Apple is heading toward a $1 trillion market cap. Photo: Pierre Marcel/Flickr CC
Apple's stock price fell as a result of the news.
Photo: Apfellike

Dec6December 6, 2000: Apple’s stock price falls after Apple Computer posts its first quarterly loss in three years, since Steve Jobs’ return to the company.

Shares tumble $3 to just $14 a share as some doom-predicting pundits worry that the big Apple comeback story is screeching to a halt.

Little did they know…

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

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Will Apple reach its own targets for Q2?
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

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money
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

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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

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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.

7 takeaways from Apple’s surprisingly good Q3 earnings

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Apple made $7.8 billion in profit last quarter.
Photo: Jim Merithew/Cult of Mac

Apple shocked investors with better than expected earnings for Q3 2016 today, despite some ominous signs that some analysts claimed signaled we’ve reached peak Tim Cook.

Thanks to the booming App Store business and other Services, Apple raked in an impressive $42.2 billion in revenue, which Tim Cook says, “was way better than we expected from so many different points of view.”

Here are the most important takeaways from today’s earnings call: