Apple Blows Through Record Street Projections
Ping!
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Hehe. More MAGAnomics!
BM
Well, when you sell $100 item for $1000 to millions of morons, you should do good...
tax rate of approximately 15 percent
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Of course, these same people said that Microsoft was going to wipe out Apple when they introduced their own phone.
Oh no that can’t be. All the pundits said different the other day
Trumps fault!
Those are just insane figures.
My only comment - unit sales on all their products are flat.
Is it bigger than this one????.....................
Bought the Wife a Mac Mini for Christmas. I gave her a 10 minute overview and she’s been fine ever since. Regardless of any social or political viewpoints of Apple, they make products that work very well.
I’m more of a Mac guy but I finally got an iPhone during that quarter so I contributed to Apples revenue stream. I guess that just makes me a hopeless fanboy and moron according to some of our FRiends here. That’s OK, I’ve been called worse.
by Matt Hunter | Anita Balakrishnan
Published 2 Hours Ago Updated 33 Mins Ago
CNBC.com
Apple CEO Tim Cook. Apple CEO Tim Cook weighs in on iPhone X sales — Video
Apple's cash reserves hit $285.1 billion in the quarter ended in December, a record, reflecting the company's move to high-priced handsets and new tax regulations.
That's compared with $268.9 billion in the prior quarter. The increase in cash was disclosed Thursday in Apple's earnings report.
Apple has said it plans to make $38 billion in tax payments to reflect new tax rules passed last year. Wall Street has speculated that the lower tax rates may open the door for the tech giant to bring back cash from overseas and put it to work through acquisitions or by returning money to shareholders.
Apple has already revealed some spending goals: The iPhone maker says it will contribute $350 billion to the U.S. economy over the next five years, in the form of payments to suppliers, capital expenditures, advanced manufacturing investments and jobs.
It is also investing in expanding its content services and operations in emerging markets like India.
Cash hoard graphic at site.
167.78 USD Price increase 0.35 (0.21%)
After-hours: 173.25 Price increase 5.47 (3.26%)
Tomorrow will be bigger gain judging from the after hours.
So, Apple destroyed the shorts today?
Honey, did you call in that stop-loss order this morning?
Oops. No new satin drapes for the living room this month. Yes, ramen noodles and beans will be fine for dinner tonight.
So who lied again this time?
Looks like all the Apple-haters got a kick in the stomach when those numbers came out.
ROFL. My condolences to those shorting AAPL. ;-)
From: https://www.macobserver.com/analysis/iphone-x-get-ready-much-like/
The iPhone Average Sellings Price (ASP) went from US$695 last year to $796.
Tim Cook pointed out that the driver this quarter in Apple revenue growth was the iPhone.
The iPhone X was Apple’s #1 selling iPhone every week, from the launch in November through January.
Tim Cook said that the iPhone X would “set the standard” for the next decade.
Apple Q&A:
Olson: When you think conceptually about the path for iPhone X style devices going forward, is there any reason the roadmap wouldn’t consist of multiple device as we’ve seen with past iPhone upgrades?
Cook: … as we said at launch, we were setting up the next decade … that’s the reason it’s chock full of incredible innovation. So you can bet that we’re pulling that string.
Your guestimate numbers from 2 days ago were surprisingly close to the mark but didn’t meet some analysts expectations and projections. So is this approximately 3.5% drop in Apple stock today after the announcement and now approximately 10% correction in the last two weeks a major buying opportunity? Just watching Cavuto on FOX Business. Apple is their topic of discussion at the moment. They said it is Apple’s lowered projected income that is tanking them this morning.