Apple is encouraged with its growth in China even if it registered a double-digit decline in revenue there.
Apple CEO Tim Cook and CFO Luca Maestri used other numbers to paint a rosy picture of the complicated China market when they met with investors during a first quarter earnings conference call Tuesday.
Apple may be more of a smartphone company these days, but its legacy product, the personal computer, continues to be popular.
In an upbeat Q1 earnings report with investors Tuesday, Apple said it sold 5.4 million Macs en route to an all-time quarterly revenue record of $78.4 billion dollars.
The number 7 was lucky for Apple, as worldwide sales of the iPhone 7 and 7 Plus hit a quarterly record and put the breaks on a three-quarter revenue skid, the company said in today’s first quarter earnings report.
Apple saw a 5 percent revenue increase ($54.3 million) with more than 78 million iPhones sold. It was the first full quarter of the iPhone 7, delivered during a time of year that typically generates the best sales figures for Apple because of the holiday shopping season.
Apple is set to reveal its first quarterly earnings report of 2017 and, if Wall Street’s estimates are any indicator, it could be Apple’s biggest quarter ever.
After multiple quarters of declining revenues, today’s call could see the company return to growth, lifted by strong iPhone sales over the holidays and a burgeoning services business that has quickly become Apple’s second-biggest moneymaker.
Tim Cook and Luca Maestri are scheduled to hold an open call with investors today at 2 p.m. Pacific. As usual, Cult of Mac will be here liveblogging and analyzing all the action. Get prepped for the call with our guide on what to expect, and join the fun in the liveblog below.
Apple’s stock saw a big surge after the company announced record-breaking earnings for Q1 2017.
AAPL was up almost 3 percent in after-hours trading to $124.50. Apple stock has been climbing recently but was depressed in anticipation of today’s results.
Apple sold more iPhone units than ever before last quarter, a spasm of sales that finally returned the company to growth, as revealed today in Cupertino’s first earnings report of 2017.
With total revenues of $78.4 billion bringing in a profit of $17.9 billion, Apple CEO Tim Cook said he is “thrilled” with the results. Wall Street is happy, too: AAPL shares are trading up significantly in after-hours trading.
In a message sent to Apple employees, Tim Cook notes that he is concerned about President Donald Trump’s recent executive order limiting immigration from seven Muslim-majority countries.
Cook said Apple employees are affected by the policy, and that they are going to be able to draw on the expertise of the company’s HR, legal and security teams.
Check out the note below:
The Trump administration and Apple appear to be patching up their rocky relationship after Apple CEO Tim Cook met with two of Trump’s closest advisers this week.
When Apple reveals its first quarterly earnings report of 2017 next Tuesday, the company could shock us with another record-breaking quarter.
The Q1 2017 earnings will cover Apple’s first full quarter of iPhone 7 and iPhone 7 Plus sales, and Apple should also get a big boost from the holiday shopping season, according to some Wall Street estimates. During its last earnings call, Apple predicted its revenue slump will end as the company finally returns to growth this quarter, but will it be enough to satisfy investors?
Here’s what to expect from Apple’s January 31 earnings report.
Tim Cook has cashed in on his Apple stock again, with regulatory filings revealing that he has sold AAPL shares worth $3.6 million.
This comes shortly after he made an almost identical trade last week for another $3.6 million. It seems that being Apple CEO comes with some advantages!
This week on The CultCast: 2017 might bring the super-charged MacBook Pro you’ve been waiting for — yes, another update! Then, a former employee says Tim Cook’s making Apple boring. Is it true? Plus: We get more evidence Apple will be making TV shows and movies; and iPhone 8 may be packing friggin’ lasers and facial recognition.
In case you hadn’t noticed, the United States has a new leader — and President Donald Trump has a bone to pick with Apple. Several, actually.
Will Trump’s “America first” stance and pro-business policies help Apple or give Tim Cook a series of premium headaches? Cult of Mac editors Leander Kahney and Lewis Wallace come out swinging in this week’s edition of “Friday Night Fights.”
Apple is currently weighing up the possibility of building new manufacturing facilities in India. Its decision rests on whether it can strike a deal over perks with the Indian government. Here are some of the things the company is requesting.
Donald Trump sounds confident that Tim Cook will bring Apple manufacturing jobs back to the United States. In a new interview, the president-elect said Cook “loves his country” and has “his eyes open” to building production facilities at home.
There may be disagreement over whether Tim Cook’s Apple is a more predictable, less interesting one than Steve Jobs’ Apple, but one thing that’s for certain is that Cook has enjoyed a heckuva rise to power.
In a new video created by the U.K.’s Telegraph newspaper, a 90-second recap of Cook’s career so far shows how he went from a kid growing up in Alabama to the head of the world’s most valuable tech company, with a net worth of $785 million.
Check it out below.
Tim Cook’s kinder, gentler management style is the biggest reason why 2016 was one of the most boring years for Apple in recent memory, according to a former employee of the company.
Steve Jobs was notorious for inciting conflict and competition between top employees, which him a controversial leader but also birthed some of the most iconic tech products ever (iMac, iPod and iPhone). After Cook took over, he worked to eliminate conflict within Cupertino’s walls and made employees less passionate, claims ex-Apple employee Bob Burrough.
It’s one of the more ridiculous rumors we’ve heard in a while: Apple is teaming up with Zeiss to create augmented-reality glasses that will be unveiled later this year, according to long-time tech blogger Robert Scoble.
Don’t believe him.
Apple is today commemorating Dr. Martin Luther King Jr. Day with a famous quote on the front page of its website that promotes equality.
Paying homage to the legendary civil rights leader is a tradition for Apple, which has become increasingly focused on supporting equal rights and fighting discrimination in recent years.
The design team behind the original iPhone’s software reunited to celebrate its 10th anniversary this week.
Imran Chaudhri, who still works at Apple, posted the photo above on Instagram. He’s pictured alongside Freddy Anzures, Bas Ording, Marcel Van Os, Steve Lemay and Mike Matas.
The battle between Apple and Tesla to attract top talent revved up to a new level this week after another key employee for the iPhone-maker defected to Elon Musk’s auto company.
Matt Casebolt, who made key contributions to the design of the original MacBook Air, has reportedly left the company to work as an engineer for Tesla.
It feels like another lifetime when Apple was scoring dead last on Greenpeace’s report on environmentally friendly data centers and the greenest Apple got was putting out an iMac G3 in “lime” or “sage” colors.
Like a one-time rebel who now sits up front in class, today’s Apple is one of the most sustainable and eco-friendly tech companies around — and Greenpeace’s latest clean energy index has the stats to prove it!
Apple CEO Tim Cook received less pay in 2016 as a result of the company missing revenue and profit goals.
In a new filing with the SEC, Apple revealed that other top executives also got less compensation for 2016 as well. Cook only took home $8.7 million last year after being paid $10.2 million in in 2015.
2016 sent Apple for a wild ride full of fantastic new products, crazy controversies and tons of extra drama with its rivals.
Tim Cook and his colleagues probably can’t wait to jump into 2017. But before we start looking toward Apple’s future, let’s take a quick look back at all the stories that made 2016 a year Apple fans will never forget.
Apple pissed off a lot of people in 2016. In hindsight, some of Cupertino’s moves look clumsy, and others seem truly clueless, but Tim Cook and Co. also made some brilliant moves during this turbulent year.
Let’s go to our happy place and relive the smartest moves made by Apple in 2016.
Apple CEO Tim Cook was all smiles during a brief appearance at the New York Stock Exchange this morning. While taking a quick tour of the floor with his nephew, Cook revealed that AirPods are so popular Apple can’t make them fast enough.