Apple Q2 2018: When "doomed" is actually $61.1bn in revenue
03 May, 2018, 12:09 | Author: Sherry Houston
The company saw more customers purchasing the recently launched iPhone X than any other version of the iPhones, during the quarter.
According to Apple's data sheet, the company shipped 52.2 million iPhone units in Q2, 2018 which was a sequential decline from the 77.3 million iPhones shipped in the previous quarter.
For the quarter which ended March 31, Apple recorded $61.1 billion in revenue, up by 16 percent from a year ago, and $2.73 in earnings per share, up by 30 percent.
Despite a starting price of $1,000 for the iPhone X, revenue from total iPhone sales fell 38 percent to $38 billion from $61.6 billion during the period.
But Apple chief executive Tim Cooksaid: "This is the first cycle that we've ever had where the top of the line iPhone model has also been the most popular".
iPad sales rose 2%, and iPad revenue increased 6% year-over-year, bringing in $4.1 billion in revenue. That's up from $52.9 billion a year ago, though down from $88.3 billion on the last quarter.
For the quarter ending 31 March, Apple posted a net profit of $13.8bn (£10.1bn), up from last year's $11bn (£8.1bn).
Mo Hurst the most intriguing pick in hectic Raiders draft
The next selection came without controversy (shocker!) when Oakland added Florida punter Johnny Townsend in the fifth round. On Thursday, they traded a third-round pick to acquire Pittsburgh Steelers wide receiver Martavis Bryant.
Not all of Apple's businesses were so lucky, the Mac went down by 3%, with just 4 million units sold.
Revenue from Apple's "other products" was $3.9 billion, and sales for the Apple Watch and AirPods were up nearly 50 percent. Revenue for the company topped estimates at $61.1 billion, and earnings per share also came in above expectations at $2.72 a share. The silver lining continues to be the services division, which is growing faster than ever predicted.
Revenue grew in all geographic locations where Apple (NASDAQ:AAPL) is available, but global sales made up 65% of the revenue for this quarter. Services, an area that Apple is said to be focusing on with the slowdown in smartphone sales, had $9.19 billion in sales during the quarter. An expanding Chinese market has helped up drive revenues.
This adds weight to the rumours that Apple's Siri-powered HomePodspeaker isn't selling too well, with recent reports claiming that the firm has been forced to lower sales forecasts and cut orders with suppliers. No newMacs entered the market during the quarter, and reports of user dissatisfaction with the latest MacBook Pro keyboards may also have affected those results.
It said revenue from Americas grew 17 percent while that from Europe jumped by 9 percent.
It's now being treated as a mischief investigation, and Sidhu said police believe it was intended as some sort of prank. According to CTV News, police are continuing to look into the auto , which is burned and without multiple windows .
Tillerson went unmentioned during Wednesday's brief ceremony, but Pompeo's contrasting status was on full display. Trump has been particularly disdainful of the work done by the State Department during the Obama administration.
FDA Commissioner Scott Gottlieb, M.D. said side-by-side comparisons between e-liquids and actual sweet treats are "alarming". The agency says children could mistakenly drink the liquids, which are intended for use in e-cigarettes and vaping devices.
This is just the fourth time since 1975 that teams split the first two games in all four series in the second round. The game wouldn't have made it this far if Marc-Andre Fleury didn't produce a vintage performance in the crease.
Marketers can place ads directly in the service, and Facebook sells ads in its News Feed that connect to Messenger conversations. Facebook plans to roll out the feature to other countries, with additional languages, sometime in the future.
A company that manages their assets well will have a high return, while if manages their assets poorly will have a low return. Indexiq Advsrs Ltd Com has 87,327 shares for 0.05% of their portfolio. 118 funds opened positions while 594 raised stakes.
Justin Trudeau was in Vancouver Monday as Amazon announced it's adding 3,000 new jobs to its west coast office. Candidates interested in applying for open roles at Amazon's Vancouver Tech Hub can do it here.
Obviously, we're all going to see it; it's just that I'm become more excited to see it rather than seeing it out of obligation. However, we have seen the Empire impose its control in the animated television show Star Wars Rebels.
$1.40 EPS Expected for CVS Health Corporation (CVS) on May, 2
It increased, as 21 investors sold EXTR shares while 50 reduced holdings. 67 funds opened positions while 132 raised stakes. Diam Company Ltd decreased Blackrock Inc ( NYSE :BLK) stake by 1,527 shares to 188,048 valued at $96.64 million in 2017Q4.
Weekly CVS Group plc (LON:CVSG) Ratings on April 30, 2018
The Monarch Partners Asset Management Llc holds 62,350 shares with $2.93 million value, down from 179,355 last quarter. Therefore 71% are positive. 888 Holdings PLC had 59 analyst reports since July 24, 2015 according to SRatingsIntel.
WhatsApp co-founder is leaving Facebook
Facebook bought the chat app, which highlights and promotes encryption and user privacy, in 2014 for more than $19 billion. Despite the Post's reporting, Koum portrayed his departure in positive terms. -Kirsten Grind contributed to this article.
Israel suspected in air strikes against Syria
At least 14 soldiers, including seven Iranians, were killed in the strike on a military base in Homs province. Israeli media reported that the security cabinet was due to hold an emergency session later Monday.
Golden Knights vs. Sharks live stream, Game 2
San Jose has converted on 21.0 percent of its power play opportunities this season, a figure that's right around league average. Eakin started the scoring barrage when he deflected Brayden McNabb's wrist shot from the point past Jones 4:31 into the game.