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Making my running notes again from the earnings report and call..... Numbers: - $52.6 billion in revenue, up 12% YOY - 46.7 million iPhones sold, up 2% YOY
by chollida1 9y ago
Making my running notes again from the earnings report and call.....
Numbers:
- $52.6 billion in revenue, up 12% YOY
- 46.7 million iPhones sold, up 2% YOY for revenue
- 10.3 million iPads sold, up 14% YOY for revenue
- 5.4 million Macs sold, up 25% YOY for revenue
- $8.5 billion services revenue, up 34% YOY
- $3.2 billion other products revenue, up 36% YOY
- Q1 guidance: $84 to $87 billion, a record high.
- 4Q EPS $2.07, Est. $1.87
- 4Q Rev. $52.6B, Est. $50.7B
Where it came from:
- China is back to growth with 22% quarter over quarter and 12% year over year revenue growth. Europe saw the strongest year over year revenue growth, up 20%. The U.S revenues increased year over year by 14%, while the rest of the Asia Pacific increased by 5% year over year.
- Apple announces it sold 46.7 million iPhones in Q417, compared to 45.5 million units in the year-ago quarter. This is in line with expectations. This represents a year-over-year 3% unit growth and 2% revenue growth, suggesting slightly more people are buying higher priced iPhones like the 7 Plus and 8 Plus.
- Apple sold 10.3 million iPads in Q417, compared to 9.3 million units in the year-ago quarter
- for the Apple Watch, Apple Pay and Apple TV products... The 36% year-over-year growth for this category, meaning Apple Watch and AirPods sales have been strong.
- Apple announces it generated $8.5 billion in revenues on services, which includes the App Store and Apple Music, in Q417. This is 34% growth from $6.3 billion in the year-ago quarter and 17% quarter over quarter growth.
- Apple sold 5.4 million Macs in Q417, representing 10% unit growth year over year. Mac revenues are up 25% year over year
- wnevets 9y ago>- 5.4 million Macs sold Do you have the units sold YOY?
- runesoerensen 9y agohttps://twitter.com/BenedictEvans/status/926189172066418688 https://twitter.com/BenedictEvans/status/926189172066418688
- wil421 9y agoIt looks in line with what I would expect. I’d bet it’s younger folks. The interesting part is the fluctuations in the past years. Looks like people are buying when new hardware is released.
- fancyfacebook 9y ago25% increase in macs sold is huge, not sure if this was just a weird spike or not but that really stands out
- djrogers 9y ago10% increase in macs sold - 25% increase in revenue from those mac sales.
- mtgx 9y agoIs the reverse true for iPhones? Like even with the (granted not that many) $1,000+ iPhone X's, there was only a 2% increase in revenue, so I wonder if Apple is starting to sell more lower-end iPhones as a percentage of its total iPhone sales.
- jrs95 9y agoConsidering that preorders just started last week and it goes on sale tomorrow, I doubt it had much of an impact. More will probably show up next quarter. I'd guess that less 8 and 8 Plus were sold due to people waiting on X. That's what I'm doing, anyways
- ghaff 9y agoPresumably the revenue wouldn't be recognized until the phone was shipped so the direct impact of the iPhone X would be zilch. As you say, to the degree it has an impact at all, it's probably negative as, in the short term, there would be more 8/8+ sales if there weren't an X coming in the relatively near term. [ADDED: And as others have noted, no iPhone X sales happened anyway before the end of the quarter being reported and only about a week of iPhone 8 sales.]
- toasterlovin 9y agoQuarter ended before they sold any iPhone Xs.
- djrogers 9y ago
- bgarbiak 9y ago"This represents a year-over-year 3% unit growth and 2% revenue growth, suggesting slightly more people are buying higher priced iPhones like the 7 Plus and 8 Plus." Isn't that the other way around? More units were sold, but at slightly cheaper price. If they were more expensive the revenue growth rate would be greater than 3%.
- austenallred 9y agoThe scale of this is baffling. They earned the entire value of Tesla or Ford in profit in the past quarter. Apple's market cap has increased almost $400b in the past 18 months. Holy shit.
- agumonkey 9y agoI was part of the group that thought it would be impossible to go above flat or even decrease a bit. I don't dream at Apple, but it's still impressive.
- vizzah 9y agoSee the bigger picture by comparing Q4 2017 to Q4 2015 - that was a blow-out quarter. Sales and EPS have since declined, especially considering the vast buyback amount.
- austenallred 9y agoiPhone release vs without. See what Q1 is like.
- forbes 9y agoProfit was 8.7B. Ford has a market cap of 49B.
- austenallred 9y agoI actually meant last year, not quarter. Shoot.
- eternalban 9y agoQatar earned less revenue in an entire year (2016). Apple should start buying S400s to defend its offshore accounts. :)
- kpwagner 9y agoThe iPad is dead... lol. Only 10.3 millions units sold last quarter.
- hamstercat 9y agoMost people I know have one, and are not looking at updating ever until it breaks. For browsing/email/facebook, you don't need the latest one. Even the iPad 2 is enough to do those tasks. I feel there's much less urgency to update than on the iPhones and the Mac.
- dpkonofa 9y agoI would've agreed with this except that my parents, who only do exactly that, decided to buy a new one because they said the old one was starting to feel slow. It's exactly as fast as it is the day I gave it to them for that kind of stuff but they went to the Apple Store to get my dad's phone serviced and they played around with one of the demo units. My dad commented on how much faster it felt and BAM, they walked away with a new iPad and a replacement iPhone (out of warranty but cheaper than a new one).
- nimrody 9y agoMy ipad 2 is certainly much slower tan it used to be. I believe the reason is the new iOS versions. Even switching between apps feels annoying.
- mcphage 9y agoApps are also written / optimized for much newer hardware.
- nikbackm 9y agoYep, should never have updated it past iOS 6.
- icantdrive55 9y ago"A problem occurred with this webpage so it was reloaded, fix--blah--blah--I refuse to buy a new Apple Product until I'm better off financially--which is looking bad."
- deleted 9y ago[deleted]
- alwillis 9y agoHere's what's nuts: Apple’s market cap is just under $900 billion dollars[1]; as crazy as it sounds, unless something totally unforeseen happens, they could be at a $1 trillion market cap a little over a year from now, after 2018's holiday quarter with a full year of iPhone 8/8+/X sales, the successor of the iPhone X, plus sales of the iMac Pro starting at $4999 each and the Mac Pro and all of the rest of lineup. [1]: https://ycharts.com/companies/AAPL/market_cap#recessions=false&series=calc:market_cap,type:company,id:AAPL,,calc:market_cap,type:company,id:XOM&maxPoints=550&zoom=5&format=real https://ycharts.com/companies/AAPL/market_cap#recessions=fal...
- pdog 9y agoWhether they're a $1T company in that timeframe (one year) mostly depends on the strength of the U.S. dollar, given that the majority of their revenue comes from overseas.
- alwillis 9y agoProbably not. Apple routinely adjusts their pricing based on the strength or weakness of the dollar. On the quarterly conference call with analysts, Apple talks about their hedging programs against exchange rate fluctuations.
- brlewis 9y agofor the Apple Watch, Apple Pay and Apple TV products... The 36% year-over-year growth for this category, meaning Apple Watch and AirPods sales have been strong. How do you come to that conclusion? Couldn't it simply be that one of those products is selling better than a year ago?