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Apple First Quarter Results
- monadic3 6y ago> fiscal 2021 first quarter ended December 26, 2020 This makes zero sense. Why does the first financial quarter of a year occur the quarter before? Why does it end on December 26th?
- minimaxir 6y agoThis beat is more notable since Apple had closed a number of their physical stores due to the pandemic, which had driven many, many sales.
- deleted 6y ago[deleted]
- chrisseaton 6y agoWhat's 'beat' mean in this context?
- throw03172019 6y agoNot OP but beat analysts’ expectations
- svachalek 6y agoBeating expectations. Since Apple didn't provide guidance this quarter it's probably in reference to analyst reports.
- deleted 6y ago[deleted]
- bigtones 6y agoThey beat the street...the wall street analyst estimates of revenue and profit growth for the quarter.
- amrrs 6y agoFWIW, Apple opened its first online store in India during this pandemic and several outlets reported it's been a huge success. Couple that with the china ban going on in India. Apple seems to always get some way out of tough times!
- iamgopal 6y agoWhich still doesn’t accept or pass on purchase GST credit.
- r00fus 6y agoSo Mac sales are up from 2020Q1 by $1B. Lots of upgrades I bet, for the M1 Macs. I know I finally bought personal laptops for my kids who until now had been sharing a 10 year old family laptop among other devices. I wonder how much is also related to the fact that it became apparent in the fall that remote learning is here to stay for the entire school year (where it was instituted in the first place). [edit: fixed Quarter date]
- tyingq 6y agoI'm curious what the uptick will look like for the next round of devices that get the M1, perhaps with 32GB memory options.
- threeseed 6y agoIf rumours are true the next round will be the iMac, MacBook Pro 14 and 16. M2, 32GB option, integrated graphics and possibly Mini-LED displays. MacBook Pros getting rid of TouchBar and adding Magsafe, HDMI and SD ports.
- _qulr 6y ago> So Mac sales are up from 2019Q4 by $1B. Technically, up $1.7B from that quarter, but why are you comparing 2021Q1 with 2019Q4? 2021 Q1 $8.675B 2020 Q4 $9.032B 2020 Q1 $7.160B 2019 Q4 $6.991B Clearly the uptick in Mac sales is due to the pandemic and work from home, because 2020 Q4 was prior to the release of M1 Macs, and Mac sales had been flat for several years prior. It's difficult to determine the effect of M1 Macs on the last quarter sales, because they weren't available until mid-November and were also very supply-constrained.
- r00fus 6y agoMeant 2020Q1, updated. I know the base level M1s were constantly unavailable locally.
- tonyedgecombe 6y agoClearly the uptick in Mac sales is due to the pandemic and work from home It will be interesting to see what happens when the pandemic is over. Will the gains technology companies have enjoyed be reversed?
- gordon_freeman 6y agoOne thing which is not appreciated enough about Apple is how magnificent its Return on Capital is. Its net profit margin hover over 20% and compared to another company Amazon which also has posted over a $100 billion revenue in a single quarter but Amazon's net profit margin is around 5%. I would say Apple is in a league of its own!
- bigtones 6y agoNot quite a league of their own but a short list of companies for sure - Microsoft posted revenue of $43B this quarter (not as high as Apples $110B Q) but with a 32% net profit margin.
- pavlov 6y agoFacebook's margin is even better, 46% on Q4 revenue of $28B. Of course Microsoft's income is more diversified while FB's revenue is almost entirely ads (other revenue was $885M, mostly from Oculus Quest 2).
- ttul 6y agoThis is how they can afford to pay engineers virtually whatever it takes.
- encoderer 6y agoThey also bought-back several hundred million shares. Most tech companies are slowly diluting share holders with their quarterly RSUs, while Apple is continually shrinking their overall outstanding share count. The main question is, do you believe they can keep it up, and I for one do. Their eco-system gets stronger every year.
- bigtones 6y agoI think they can keep it up - their services revenue growth has been pretty spectacular over the last few quarters, and with more people at home due to COVID their new Apple Fitness thing is going to take off.
- LockAndLol 6y agoPeople really seem to hate right to repair
- dmitriid 6y agoFor most people Apple's products live beyond the expected life range (compared to the rest of the industry).
- tyingq 6y agoThat rings true, though Apple could do better when large problems do crop up, which doesn't happen often. They seem to need several rounds of PR beatings before doing the right thing.
- Jtsummers 6y agoIt's not "hate", most people don't know and don't care. They want things that "just work". And, for many people, Apple's devices do that.
- monopoledance 6y agoIs it true still, tho? I got the impression there is a lot of myth around Macbooks, which kindof wasn't updated since 2015. A lot of folks around me simply skipped the new Macbooks, since touchbar, keyboard, ... , were just unusable for them. Then you had the major issues with dust getting into the keyboard messing it up, the screens dying after weeks of usage, USB things... Now the Big Sur update bricks your machine, if you reset it, because there is a firmware bug. The M1 Macbooks are distroyed by USB-C PD hubs (not just the "cheap ones"; as if that would have been excusable..). Plenty users reporting the machines to panic once or twice a day. People seem to be happy with the old non-retina Air's, the pre 2016 Macbooks, but I don't see this at all for the recent stuff. Apart from the M1 performance hype, which of course is legit, but doesn't cancel out the "just works" issues. Seems rather like a long, long experimental transition, then reliable experience.
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- chrisseaton 6y agoTurns out all those people dramatically saying they're finally moving off macOS for good don't really count for anything! Who could have guessed?
- Saint_Genet 6y agoMight just be that hn comments aren’t representative of the wider population.
- deleted 6y ago[deleted]
- f6v 6y ago> Might just be that hn comments aren’t representative of the wider population. Just like any comment section anywhere in the world. Happy users don't bother writing about their experience.
- eyelidlessness 6y agoSometimes we do! It hasn’t exactly made me popular. But I generally like what Apple’s selling (apart from obvious ethical issues in their supply chain and by some accounts also in their company culture). I’m also pretty invested in the ecosystem though, I have been mostly Apple since I bought my first computer (first gen G4), and grew up with Macs in the house as far back as the IIvx, so I’ve even been through all of the platform transitions except the current one (I’m not working and can’t justify the expense, but I will eventually).
- perardi 6y agoGosh, sheeple, valuing battery life and speed above all else. When will these people listen to Stallman?! It is CRITICAL TO EVERYONE that we be able to compile Hurd from scratch.
- bilbo0s 6y agoIt is CRITICAL TO EVERYONE that we be able to compile Hurd from scratch Not to be flip, but you can do that on a Macbook Pro as well if you have the skills and know how.
- bigtones 6y agoApple set a new quarterly record with $111.4 billion in Revenue: iPhone Revenue was $65.6 billion since iPhone 12 October release Services Revenue was $15.76 billion Products revenue was $95.68 billion Wearables Revenue was $12.97 billion
- Grustaf 6y agoAnd the share price inevitably falls in after hours trading. Seems shareholders had even more optimistic expectations than analysts.
- kelseydh 6y agoFor years now, Mac OS X has had a bug where if you download a file like an image from the internet, and want to upload it elsewhere, there's a long delay (10-30 seconds or more) before the file shows up in your file system to select it. This problem has been ongoing for years and Apple still hasn't fixed it. Even brand new, maxed out Macbooks have this problem. In an era where much of what people do online is rapidly downloading and reposting content across platforms, it's unacceptable Apple can let such a ghetto problem go unfixed.
- FriendlyNormie 6y agoIt has a ton of shitty problems like this. What do you expect, a literal faggot runs the company.
- Jtsummers 6y agoI've never seen this issue in 15 years of Mac OS X/macOS use. Is this via the browser (which?) or the command line or some other tool? When I download something, it shows up in the filesystem immediately, or as near to it as to be "immediately" in human terms.
- colejohnson66 6y agoDoes it not “show up” because it’s being downloaded to a temp directory and moved over when it’s done? That’s a pretty common thing. Your comment isn’t clear enough to explain what is happening. What’s your setup (browser and everything)? You claim a bug without giving enough information about how the bug appears. Because if this bug were as widespread as you make it sound, we’d hear about it.
- tinus_hn 6y agoSafari creates an empty placeholder file and downloads the data into another file in the same directory. When it’s ready it is moved over the placeholder. No idea what the complaint is about, perhaps there’s some scanning going on or something. I have never noticed this.
- kelseydh 6y ago
- gundmc 6y ago57% rise in sales in China. It escapes me how Apple escapes criticism operating in that country when it's a PR nightmare for all of its peers.
- beisner 6y agoIt's a simple as the perception that Apple is a hardware company and Google/Facebook are information services company. It's much easier to draw a connection between Google/Facebook operating legally in China (and having their products subject to PRC information controls) and suppression of liberal/democratic ideals, than Apple selling hardware devices that are information-agnostic to the same.
- ksec 6y agoI was expecting a huge quarter, but this is something else. WFH and Remote learning, lot of people bought new Desktop or Laptop. Which isn’t just Apple but across all computing industry, AMD, Intel, Microsoft etc. iPhone 12 was bound to sell with new design and 5G. But again number were way higher than even the most optimistic expectation. ( Mainly China’s uptake being a lot higher ) It is crazy to think back not long ago we thought we will hit the law of big numbers. And yet despite being a two trillion company they are still growing 10-20%! And after 5 years, just like the Mac Pro they finally admit they made lots of mistakes in Mac development. Like MagSafe and SD Card. Hopefully someday keyboard and Trackpad. The only thing left is the iOS App Store. Which is a complicated problem with no decent solution (yet).