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Apple reports blockbuster quarter as iPhone sales top estimates


 


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 2 years ago '11        #1
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Blinx 182 52 heat pts52
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Apple reports blockbuster quarter as iPhone sales top estimates
 

 
Taken from: visit this link https://www.yahoo.com/new .. ce.html?ref=gs

By Narottam Medhora and Stephen Nellis

(Reuters) - Apple Inc reported its first quarterly increase in iPhone sales in a year, powered by strong demand for the latest version of its flagship smartphone, sending the company's shares up more than 3 percent in after-hours trading.

Apple sold 78.29 million iPhones in the first quarter ended Dec. 31, up from 74.78 million last year. Analysts on average had estimated 77.42 million, according to research firm FactSet StreetAccount.

The results, which reflected the first full quarter of iPhone 7 sales, come at a time when global demand for smartphones is slowing and cheaper Android alternatives are flooding the market.

The company is heavily dependent on the success of iPhones, which account for more than two-thirds of its total revenue.

Analysts and investors have already set their sights on Apple's 10th-anniversary iPhone, which is expected to feature better touchscreen technology, wireless charging and a shift to OLED display.

Apple Chief Executive Officer Tim Cook said demand was especially high for the larger iPhone 7 Plus in the first quarter.

Revenue in the services business - which includes the App Store, Apple Pay and iCloud - jumped 18.4 percent to $7.17 billion, helped by the popularity of games, including Pokemon Go and Super Mario Run, and increased revenue from subscriptions.

Analysts expect growth in the segment to help offset declining hardware sales as the smart phone market matures.

Apple Chief Executive Tim Cook said on a conference call on Tuesday that he expects services revenue to double in the next four years.

"Services obviously continues to be a real success story for them. It's one of the fastest-growing segments they have, driven largely by the App Store," said Jackdaw Research analyst Jan Dawson.

Apple's revenue from the Greater China region fell 11.6 percent to $16.23 billion.

"We were encouraged by our performance in China because it was clearly an improvement over the last couple of quarters. In mainland China in particular, our revenue was flat and actually grew in constant currency terms," Chief Financial Officer Luca Maestri said.

The company also forecast revenue of between $51.5 billion and $53.5 billion for the current quarter. Analysts, on average, had expected revenue of $53.79 billion, according to Thomson Reuters I/B/E/S.

Maestri added that a stronger dollar hurt the company's revenue forecast.

Analysts on average expect the company to sell 53.43 million iPhones in the current quarter, according to FactSet.

The company's net income fell to $17.89 billion in the quarter from $18.36 billion a year ago. On a per share basis, it earned $3.36, beating the average analyst estimate of $3.12.


Revenue rose 3.3 percent to $78.35 billion in the quarter, compared with the average estimate of $77.25 billion, according to Thomson Reuters I/B/E/S.

Up to Tuesday's close, Apple's shares have gained about 15 percent since mid-November, compared with the 5.3 percent rise in the Dow Jones Industrial Average.

(This story corrects paragraph 4 to say "more than two-thirds", not "more than three-quarters".)

(Reporting by Narottam Medhora in Bengaluru; Editing by Saumyadeb Chakrabarty)

22 comments for "Apple reports blockbuster quarter as iPhone sales top estimates"

 2 years ago '13        #2
uoeno 111 heat pts111
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i been thinking of getting back into iphone

 2 years ago '04        #3
R0CAF3LLA_pimp 53 heat pts53
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lol this thread will be avoided like the plague apple does it again. Proving again that n*ggas on BX don't represent too much of anyone in the real world.

 2 years ago '04        #4
R0CAF3LLA_pimp 53 heat pts53
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[pic - click to view]


 2 years ago '11        #5
KingP1n 351 heat pts351
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Gang gang gang!

 2 years ago '07        #6
ptwist 50 heat pts50
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It's Lit.

 2 years ago '04        #7
patt24 53 heat pts53
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i guess i dont know trendy people... most people i know with iphones switched to s7e and either copped the ipad or stayed with their ipads

 2 years ago '05        #8
Y.G. 27 heat pts27
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Net income down almost $500 million even after record sales? What's going on Apple?

 2 years ago '05        #9
old head 166 heat pts166
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 R0CAF3LLA_pimp said
lol this thread will be avoided like the plague apple does it again. Proving again that n*ggas on BX don't represent too much of anyone in the real world.
The article is comparing their sales estimates within Apple, not vs their competitors iStanley

 2 years ago '04        #10
R0CAF3LLA_pimp 53 heat pts53
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 86'd said
The article is comparing their sales estimates within Apple, not vs their competitors iStanley
Oh really?

Apple climbs past Samsung as world's top phone vendor
The iPhone maker captured 18 percent of the global smartphone market in the final months of 2016, says Strategy Analytics.


 2 years ago '05        #11
Y.G. 27 heat pts27
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 R0CAF3LLA_pimp said
Oh really?

Apple climbs past Samsung as world's top phone vendor
The iPhone maker captured 18 percent of the global smartphone market in the final months of 2016, says Strategy Analytics.

That's not a sales estimates comparison dumb dumb.

It's also says something that Apple was barely able to outsell Samsung in the 4th quarter even with no Note on the market. And they still couldn't manage to outsell them for the entire year.

 2 years ago '05        #12
old head 166 heat pts166
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 R0CAF3LLA_pimp said
Oh really?

Apple climbs past Samsung as world's top phone vendor
The iPhone maker captured 18 percent of the global smartphone market in the final months of 2016, says Strategy Analytics.

Cot damn ur stupid bruh. I am referring to the article posted in the thread only. Ur dumb a*s posted a link to an entirely different article. Once again, you turned a thread about apple sales expectations into a thread of apple vs samsung

Go back and read from the top phaggot


[pic - click to view]


 2 years ago '04        #13
R0CAF3LLA_pimp 53 heat pts53
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 Y.G. said
That's not a sales estimates comparison dumb dumb.

It's also says something that Apple was barely able to outsell Samsung in the 4th quarter even with no Note on the market. And they still couldn't manage to outsell them for the entire year.
How many samsung phones does samsuck drop annually? how many does apple?

I thought so

 2 years ago '04        #14
R0CAF3LLA_pimp 53 heat pts53
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 86'd said
Cot damn ur stupid bruh. I am referring to the article posted in the thread only. Ur dumb a*s posted a link to an entirely different article. Once again, you turned a thread about apple sales expectations into a thread of apple vs samsung

Go back and read from the top phaggot


[pic - click to view]

U talked shyt about sales, I backed it up with a article.

 2 years ago '05        #15
Y.G. 27 heat pts27
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 R0CAF3LLA_pimp said
How many samsung phones does samsuck drop annually? how many does apple?

I thought so
So basically, you're saying iStanleys can celebrate when Apple is number 1 but it doesn't matter when Samsung is number 1? Sounds legit.

 2 years ago '04        #16
fat_boyy21 329 heat pts329
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 R0CAF3LLA_pimp said
Oh really?

Apple climbs past Samsung as world's top phone vendor
The iPhone maker captured 18 percent of the global smartphone market in the final months of 2016, says Strategy Analytics.


They got no comeback for that


 2 years ago '05        #17
old head 166 heat pts166
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 R0CAF3LLA_pimp said
U talked shyt about sales, I backed it up with a article.

[pic - click to view]


 2 years ago '16        #18
kualadays 75 heat pts75
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trash phone

 2 years ago '10        #19
FrankAndBeans 31 heat pts31
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I need Apple stock to tank...because its going to skyrocket when the iPhone 8 drops

 2 years ago '16        #20
dvlana 
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 R0CAF3LLA_pimp said
U talked shyt about sales, I backed it up with a article.
holy sh*t you are a dumb fu*k for real. reading your comments alone dropped my iq 10 points.

 2 years ago '04        #21
R0CAF3LLA_pimp 53 heat pts53
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 dvlana said
holy sh*t you are a dumb fu*k for real. reading your comments alone dropped my iq 10 points.

Nah u already dumb, cuz u failed to EVEN read the article yet you responding to it


Last edited by R0CAF3LLA_pimp; 02-03-2017 at 12:55 PM..

 2 years ago '16        #22
dvlana 
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 R0CAF3LLA_pimp said
Nah u already dumb, cuz u failed to EVEN read the article yet you responding to it
didnt need to read anything to know your retarded.

what are you even arguing about in an apple thread? for real what is ur purpose can you let me know?

 2 years ago '04        #23
R0CAF3LLA_pimp 53 heat pts53
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 dvlana said
didnt need to read anything to know your retarded.

what are you even arguing about in an apple thread? for real what is ur purpose can you let me know?
I don't recall even talking to u. You butted in with your lame comment. Better question is what's your point? I'll wait...

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