Bryan Chaffin would like to like to take a moment to note that at a combined US$38.8 billion in profit, both companies add up to less than Apple’s $45.7 billion.
Apple is hosting its 2017 third fiscal quarter earnings conference call on Tuesday, August 1st, after the market closes.
Nasdaq is blaming Bloomberg and other market-tracking sites for publishing test data that reset the prices of several tech stocks.
Citigroup analyst Jim Suva put together a list of seven companies Apple could buy with its vast cash hoard. The idea seems more thought exercise than anything else, prompted by Trump administration plans to reduce taxes on corporate profits earned overseas. Bryan Chaffin thinks it’s a fun thought exercise, but Apple’s likely to buy any of these companies.
Apple reported some big numbers during its second quarter earnings report yesterday, and raised a few questions, too. Kelly Guimont and John Martellaro join Jeff Gamet look share their reactions to Apple’s iPhone and iPad sales, plus they have some thoughts on Microsoft’s just announced Surface Laptop, too.
Apple Watch sales, along with AirPods and Beats headphones have hit Fortune 500 level, which means they’re bringing in over US$5 billion to Apple’s “other products” category. Company CEO Tim Cook shared that detail during the company’s second fiscal quarter earnings report on Tuesday.
Apple reported US$52.9 billion in revenues during the March quarter on Tuesday. That’s up year over year from $50.6 billion. Earnings clocked in at $11 billion, or $2.10 in earnings-per-share, up year-over-year from $1.90. The company announced a boost in its shareholder capital return program from $200 billion to $300 billion.
Apple is hosting its second fiscal quarter earnings conference call this afternoon at about 5PM eastern time after the market closes. The iPhone and iPad maker’s guidance for the quarter is targeting between US$51.5 billion and $53.5 billion in revenue with a gross margin just under 40%.
The royalty fight between Apple and Qualcomm got real Friday after Apple suspended supplier payments ultimately destined for the chip maker. Apple said it was suspending payments until the courts decide how much Apple owes.
Apple’s 2017 second fiscal quarter earnings report is scheduled for Tuesday, May 2nd. The iPhone and iPad maker will host its usual conference call with analysts after the market closes at about 5PM eastern time.
In this 400th episode of Apple Context Machine, John Kheit joins Bryan Chaffin to discuss rumors of iPhone 8 and Samsung Galaxy S8, Apple manufacturing, Tim Cook’s claim that Apple cares about pro users and creative pros in particular, the company’s supposed pipeline, and $AAPL’s record high valuation. Oh…and Nickleback.
Apple CEO Tim Cook told shareholders on Tuesday his company cares about professional users, especially creative pros, despite all evidence to the contrary. Without laying out specifics, Mr. Cook told shareholders to expect more from Apple to address pro users.
Apple turned in a record December quarter this week, and Bryan and Jeff look at the numbers. They also look at this one weird trick Apple did to goose Mac sales—the company released a new Mac. And for grins, they discuss some of the things Apple could do with the astounding $246 billion in cash the company has squirreled away.
Apple made truck loads of money during its first fiscal quarter for 2017, but that wasn’t the only news from yesterday’s earning report. John Martellaro and Kelly Guimont join Jeff Gamet to share their thoughts on Tim Cook saying the iPhone hasn’t reached maturity yet, plus they look at the news that Prince’s music is coming to Apple Music.
Apple’s cash hoard swelled to a staggering $246.09 billion in the December quarter, an increase of $8.49 billion. This, despite returning some $15 billion to shareholders in the form of stock buybacks and dividends. It’s an unprecedented concentration of corporate wealth that would let Apple buy more than 4.9 billion Amazon Echo Dots if it wanted.
Apple announced Tuesday record revenue for its December quarter of US$78.4 billion, as well as record earnings per share (EPS) of $3.36. That’s up from $75.9 billion in revenue in the year-ago quarter with EPS of $3.28. [Update: This article has been updated with additional details. – Editor]