Apple COO Jeff Williams says the company is “very aware” of concerns over the rising cost of the iPhone and Mac computers.
Williams, who delivered a brief speech at Elon University in North Carolina on Friday, also disputes analysts’ estimates of component costs for Apple’s products. (Results of a recent teardown suggested a 256GB iPhone XS Max can be manufactured for just $443.)
It turns out Apple isn’t the only smartphone maker that’s suffering from falling sales in China. Samsung, one of the iPhone’s biggest rivals, is also expected to follow Apple in confirming lower than anticipated revenue for the fourth quarter of 2018.
The South Korean company’s warning, which will reportedly come on Tuesday, will reveal a 12 percent fall in year-on-year operating profit for the three-month period. Revenue is also expected to drop 5 percent.
Apple enjoyed an incredible start to 2018 thanks to a record-breaking holiday quarter, but according to one analyst, this year’s will be even better.
Thanks to an impressive new iPhone lineup and the best Apple Watch yet, revenue could reach insane new heights as we see out 2018. iPhone sales alone are predicted to surpass a staggering 81 million units!
Super Mario Run was the hottest game on iOS for months after it hit the App Store. It has now been downloaded more than 200 million times on mobile, and yet, the title is yet to reach “an acceptable profit point,” Nintendo says.
That’s bad news for fans of Nintendo’s mobile games.
The iPhone’s market share is down around the world, but you know what’s up? Its profitability related to other smartphones.
In fact, according to a new report from BMO Capital Markets analyst Tim Long, Apple accounted for 103.6 percent of all smartphone industry operating profits in the third quarter of 2016.
Apple has scheduled its next earnings call for Tuesday, July 26, at 2 p.m. Pacific. The call, which will be broadcast live, will cover the company’s third fiscal quarter results following the first-ever decline in iPhone sales last quarter.
Apple may have quaffed all the champagne at the $1 trillion in revenue party before Microsoft even got its invite, but the Windows maker rocked up in a bigger limo.
Last quarter, Microsoft finally reached the major milestone that Apple celebrated back in 2015, and it currently boasts even more profit.
T-Mobile is doing pretty hot lately, but it’s unfortunately at Sprint’s expense. While the latter carrier has been declining in market share for the past couple of years, it’s finally now in last place out of the four major U.S. wireless carriers. T-Mobile snatched the bronze model.
In the quarterly earnings call, Sprint said it had 57.7 million customers with a net gain of 675,000. T-Mobile, however, gained 2.1 million customers last quarter for a grand total of 58.9 million.
Despite “weaker” orders from Apple during the second quarter, Foxconn managed to post revenue that beat analyst estimates thanks to its increased focus on televisions. The company announced revenue of NT$897 billion ($30 million) over the three-month period, which is 0.6% higher than its second-quarter revenue for 2012, and better than the NT$829 billion expected by analysts.
Apple’s quarterly profit probably fell for the first time in over a decade, thanks to new products with lower profit margins and a slowing demand for the iPhone, Bloomberg reports. Fourteen analysts have reduced their estimates for Apple in recent weeks, and on Friday, the Cupertino company’s share price fell below $400 for the first time since December 2011.
