During today’s earnings call covering the first fiscal quarter of 2020, Apple CEO Tim Cook was asked about 5G, and how much of a demand driver it might be for Apple.Cook of course said that he wouldn’t comment on future Apple products with respect to 5G, but said 5G is in the “early innings of […]
During today’s earnings call, Apple CEO Tim Cook commented on the coronavirus outbreak in China, which investors fear could potentially impact Apple’s business, affecting production of both current iPhones and the new low-cost iPhone that’s on the horizon.Cook said that Apple is donating to China to help with the outbreak and working with partner companies. […]
Read MoreApple’s services category, which includes iTunes, the App Store, the Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, and more, has become a significant revenue driver for Apple.In the first fiscal quarter of 2019, Apple’s services segment brought in $12.7 billion, up from $10.9 billion in the year-ago quarter, marking growth […]
Read MoreDuring the first quarter of 2020, Apple’s wearables category set a new all-time revenue record, according to Apple CEO Tim Cook.Apple’s wearables earnings category, which includes AirPods and Apple Watch along with accessories like Beats headphones and HomePod, hit $10 billion, up from $7.3 billion in the year-ago quarter. Wearables, Home, and Accessories revenue surpassed […]
Read MoreIn today’s earnings release where Apple reported record numbers due to the strength of iPhone sales, wearables, and services, Apple said that it now has 1.5 billion active devices.Apple CEO Tim Cook said that the milestone was hit over the holiday period, and serves as a “powerful testament to the satisfaction, engagement and loyalty of […]
Read MoreApple today announced financial results for its first fiscal quarter of 2020, which corresponds to the fourth calendar quarter of 2019.For the quarter, Apple posted revenue of $91.8 billion and net quarterly profit of $22.2 billion, or $4.99 per diluted share, compared to revenue of $84.3 billion and net quarterly profit of $20.0 billion, or […]
Read MoreAs a reminder for anyone who may have missed the announcement during the holidays, Apple revealed that it will share its earnings results for the first quarter of its 2020 fiscal year on Tuesday, January 28.The financial report should be released at 1:30 p.m. Pacific Time on that day as usual, followed by a conference […]
Read MoreThe first quarter of 2019 set the tone for a tough year when Samsung posted its lowest quarterly profit in three years. Samsung’s lucrative semiconductor business saw its revenues shrink considerably due to slow demand and falling margins. This remained the story for the entire year even as some of Samsung’s other divisions showed promise.Samsung […]
Read MoreIndustry watchers cited by Reuters expect Samsung Electronics’ Q4 2019 operating profits to have declined by a whopping 40% to $5.56 billion due to weak memory chip sales. Some analysts suspect that the company could post its biggest annual drop in profit over the last decade, but the good news is that Samsung Electronics is […]
Read MoreSamsung released its earnings guidance for Q3 2019 and predicted that its operating profit would be down 56 percent compared to the same period last year. The company today released its full earnings for the quarter.While the profit decline might signal to some that Samsung hasn’t been doing enough to stop the bleeding, it actually […]
Read MoreApple CEO Tim Cook today said that Apple set new fourth quarter revenue records for wearables in every market that it operates in thanks to strong sales of the Apple Watch, AirPods, and Beats headphones. Cook said that Apple saw “amazing results” in the wearables, home, and accessories category with revenue hitting $6.5 billion. That’s […]
Read MoreApple’s services category, which includes iTunes, the App Store, the Mac App Store, Apple Music, Apple Pay, AppleCare, Apple Arcade, Apple News+ and more, is an important revenue driver for Apple amid flagging iPhone sales, leading Apple to focus more effort on its services category. In the fourth fiscal quarter of 2019, Apple’s services segment […]
Read MoreApple today announced financial results for the third calendar quarter and fourth fiscal quarter of 2019. For the quarter, Apple posted revenue of $64.0 billion and net quarterly profit of $13.7 billion, or $3.03 per diluted share, compared to revenue of $62.9 billion and net quarterly profit of $14.1 billion, or $2.91 per diluted share, […]
Read MoreSamsung today released its earnings guidance for the third quarter of the year. It expects operating profit for the quarter to fall 56 percent compared to the same period last year. While that may seem like bad news, it’s actually an indication that the strategy Samsung has been on for the past few quarters is […]
Read MoreApple today updated its investor relations page to announce that it will share its earnings results for the fourth fiscal quarter (third calendar quarter) of 2019 on Wednesday, October 30. The earnings results will offer up some insight into how well the iPhone 11, iPhone 11 Pro, and iPhone 11 Max did during their first […]
Read MoreSamsung has been facing a challenging business environment for the past few quarters. That was reflected in the company’s bottom line. Its profit plunged by 56 percent in the second quarter of this year compared to the same period last year.The primary reason is the supply glut of NAND flash and DRAM chips. Semiconductors account […]
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