O'Grady's PowerPage

Tag: Q1

  • Apple posts $91.8 billion in revenue, $22.2 billion profit for Q1 2020

    There are lucrative quarters.

    This was definitely one of ’em.

    Apple’s Q1 2020 conference call took place on Tuesday, the company announcing revenues of $91.8 billion and profits of $22.2 billion. This marks an all-time record for both net income and revenue, according to Apple.

    Apple CEO Tim Cook offered the following about Apple’s Q1 2020 holiday performance:

    “We are thrilled to report Apple’s highest quarterly revenue ever, fueled by strong demand for our iPhone 11 and iPhone 11 Pro models, and all-time records for Services and Wearables,” said Tim Cook, Apple’s CEO. “During the holiday quarter our active installed base of devices grew in each of our geographic segments and has now reached over 1.5 billion. We see this as a powerful testament to the satisfaction, engagement and loyalty of our customers — and a great driver of our growth across the board.”

    While Apple no longer reports unit sales for any of its hardware products, a change it introduced a year ago, the company provided a breakdown of revenue by product category for Q1 2020:

    • $55.96 billion: iPhone
    • $12.72 billion: Services
    • $7.16 billion: Mac
    • $10.01 billion: Wearables, Home, and Accessories
    • $5.98 billion: iPad

    Users can listen to the full AAPL Q1 2020 earnings call after the fact via Apple Podcasts.

    Via 9to5Mac and investor.apple.com

  • Analyst predicts iPhone SE 2 to surface in Q1 2020, feature iPhone 8 form factor

    Per noted analyst Ming-Chi Kuo, the iPhone SE 2 will appear in Q1 2020, and will feature the form factor of an iPhone 8.

    Kuo also stated that the handset will incorporate a 4.7-inch display, a home button with Touch ID, and an A13 CPU with 3GB of LPDDR4X RAM.

    “We forecast that Apple will launch the more affordable iPhone SE2 in 1Q20. For the most part, the form factor design and hardware spec are similar to iPhone 8’s. The most significant hardware spec upgrade will be the adoption of the A13 processor and 3GB LPDDR4X. iPhone SE2 will likely increase iPhone’s market share and benefit Apple’s promotions for service and content. We expect that the iPhone SE2 shipment will reach 30–40mn units in 2020.”

    Stay tuned for additional details as they become available.

    Via The Mac Observer and MacRumors

  • Apple posts Q1 2019 revenue of $84.3 billion, net profit of $19.3 billion, misses earnings guidance

    There are times when even a net profit of $19.9 billion is below expectations.

    Apple on Tuesday announced its Q1 2019 profits, which were decidedly lower than the initial guidance of $89 billion to $93 billion. For the holiday quarter, Apple posted revenue of $84.3 billion and a net profit of $19.9 billion, a 5 percent drop over last year and the clearest sign yet sign that iPhone sales are slowing.

    It’s unknown how much Apple’s iPhone units sales fell, as Apple has stopped providing these numbers. During the conference call, Apple CFO Luca Maestri did state that the iPhone XR is Apple’s best-selling phone, and the there are 900 million iPhones in use.

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  • Apple revises guidance for Q1 2019, predicts lower revenues between $5 billion and $9 billion for the quarter

    For the first time in years, Apple adjusted its first-quarter earnings for the upcoming fiscal year, its 2019 estimates reading as follows:

    Revenue of approximately $84 billion

    Gross margin of approximately 38 percent

    Operating expenses of approximately $8.7 billion

    Other income/(expense) of approximately $550 million

    Tax rate of approximately 16.5 percent before discrete items

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  • Apple reports $88.3 billion in revenue for Q1 2018

    Even if iPhone X sales are slumping, Apple still reported a record-breaking $88.3 billion in revenue for the quarter ending on December 31st, 2017. This represents a 13 percent increase over last year’s $78.4 billion.

    The company managed to sell 77.3 million iPhones in the three-month holiday quarter, about a million less than last year, but revenue grew by more than $7 billion to $61.6 billion. Per company CEO Tim Cook, the iPhone X “surpassed our expectations and has been our top-selling iPhone every week since it shipped in November.”

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