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.
AAPL
Apple Watch, AirPods, Beats Sales Hit Fortune 500 Level
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 Reports $52.9B in Revenues, Expands Shareholder Capital Return to $300B [Update]](https://www.macobserver.com/wp-content/uploads/2016/07/aapl-stock-graph-wide.jpg)
Apple Reports $52.9B in Revenues, Expands Shareholder Capital Return to $300B [Update]
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's Q2 2017 Earnings Report Today, May 2
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%.
Featured Articles
Apple Escalates Royalty Battle with Qualcomm, Suspends Payments
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 Second Quarter 2017 Earnings Report Set for May 2
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.
Apple Has an Estimated 715 Million Active iPhones in the Wild
Apple has more than 715 million active iPhones in the wild, according to BMO Capital Markets analyst Tim Long. In a research note to clients, Mr. Long said that Apple’s installed base increased 20% year-over-year in December of 2016, a reflection of iPhone’s long lifespan.
Apple Rumors and Manufacturing, Tim Cook's Pipeline, and $AAPL - ACM 400
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.
Tim Cook Insists Apple Cares about Creative Pros (Despite All Evidence to the Contrary)
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 Profits, Mac Sales, and Fun with Apple's Cash Hoard - ACM 396
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.