Record-breaking revenue put Apple right in line with Wall Street expectations as the company released its Q3 2019 earnings report today.
The iPhone-maker brought in $53.8 billion in revenue, a number within range of its own guidance and most analysts’ predictions. That set a new record for Apple third-quarter revenue — a slight gain from Q3 2018’s $53.3 billion. CEO Tim Cook touted the company’s subscription offerings for fueling the new all-time high.
The iPhone XR is currently far and away Apple’s top-selling iPhone model in the U.S.. Right now, it makes up just under half of all new iPhone models sold in Apple’s biggest market.
That’s the highest percentage of sales for a single iPhone model since the iPhone 6 back in 2015.
There’s a plenty of court intrigue about the reasons for Jony Ive leaving Apple.
John Arlidge, who interviewed Ive for the U.K.’s Sunday Times in 2013 and 2014, has an interesting take. In an article for Wired, Arlidge points out that Ive’s split from Apple comes at a time when it’s pivoting away from hardware.
Apple is already having to consider some major changes to its new Apple News+ service just three months after it launched earlier this year.
The subscription news service was supposed to be a boon for publishers and bring in a ton of extra cash, but a new report claims most publishers are only seeing a fraction of the revenue Apple promised.
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.
If Apple spun off its Services division as its own company, the business would be worth between $400 billion and $450 billion, according to a new analyst report.
To put that number in perspective, it’s more than twice the value of Netflix — and only $100 billion less than Facebook.
Apple’s newest services don’t deliver the “depth” investors want to see as iPhone sales fall for the Cupertino company.
Some analysts are particularly disappointed with the upcoming Apple TV+ video streaming service. They don’t believe Apple has any hope of competing with Netflix.
Apple is moving full speed ahead with its Services division, but is it too late for it to catch up with rivals? That’s what analysts at major bank HSBC are concerned about.
As a result, they’ve downgraded their expectations for Apple shares.
Disney CEO Bob Iger’s seat on Apple’s board of directors might be at risk as both companies pursue video streaming services.
Apple hasn’t asked Iger to step down yet, but a new report shines light on what could soon become a very conflicted relationship. Disney and Apple have enjoyed close ties ever since Disney bought Pixar from Steve Jobs. Now it looks like the two companies are about to become close rivals.
The first big Apple media event of 2019 has supposedly gotten an official date.
Apple reportedly scheduled a keynote at Steve Jobs Theater for the end of March, but don’t expect to see any major hardware announcements.
