gpolit.com
gpolit.com November 25, 2017


Apple shakes off worries about weak iPhone sales

03 November 2017, 12:12 | Rudolph Thomas

iOS 11.1 update means iPhone users now safe from common hack, Android users still at risk.

Three best Android alternatives for Apple iPhone X

Apple's flagship product, the iPhone X, hits stores on Friday - later than usual - and isn't reflected in Thursday's quarterly earnings report. "We're happy to report a very strong finish to a great fiscal 2017, with record fourth quarter revenue, year-over-year growth for all our product categories, and our best quarter ever for Services", said Tim Cook, Apple's CEO.

Now seeing as how the iPhone has always been Apple's primary revenue driver, it's no surprise that quarterly iPhone sales is the metric analysts typically pay most attention to. Shares, which closed at $168.11 per share, were up almost 3 percent after the report.

Rosenblatt Securities also has reason to believe that Apple processed more than six-and-a-half million pre-orders, including some registrations without payment, for the iPhone X in China over the first three days.

For Q1 2018, Apple forecasts revenue between $84 billion and $87 billion and a gross margin between 38 percent and 38.5 percent. If only we'd get Apple Watch or Apple TV sales numbers.

It's not hard to see why the iPhone X is in such high demand; it reinvents the company's vision for a smartphone, replacing traditional bezels with an edge-to-edge OLED screen and the antiquated home button with gestures.

The $28.85 billion revenue from iPhone sales accounted for almost 55 percent of total revenue, which rose 12.2 percent to $52.58 billion.

Mr Ives predicted Apple would sell 50 million iPhone X handsets in pre-orders alone - 10 million more than he initially predicted - creating a "defining product launch" for the company. That would be slightly better than the same time a year ago. Soon after people started pre-ordering the iPhone X on October 27, shipping times lengthened to as many as six weeks. "We sold more iPhones than we expected", he said. The previous record was set in 2015 when Apple shipped 231 million iPhones, thanks to larger models introduced just before the fiscal year began.

The Cupertino company posted diluted earnings of $2.07 a share, up 24 percent year-over-year.



Other News

Trending Now

Eagles will be tough draw for either Trevor Siemian or Brock Osweiler
Joseph had the two quarterbacks meet him at the team's headquarters last night to personally inform them before telling the team. Joseph was asked by media Tuesday whether the move would be permanent as the Broncos move ahead in their 2017 season.

Seventh Round of Astana Talks Starts Monday
In a statement on Monday, the Syrian Network for Human Rights (SNHR) said some 106,727 people have been held since March 2011. Kazakh Foreign Ministry Spokesman Anuar Zhainakov also told TASS that United Nations Special Envoy for Syria Staffan de.

Apple releases iOS 11.1, watchOS 4.1, tvOS 11.1, and macOS 10.13.1
The watchOS 4.1 update also brings the GymKit syncing, so users will be able to sync their activity with compatible gym equipment. The update also brings a dedicated Radio app, which includes access to Beats 1.

Puerto Rico governor: Scrap Whitefish energy grid deal
During a news conference Thursday, Rosselló said he was expecting an audit into Whitefish's $300 million contract. A month after Hurricane Maria devastated Puerto Rico, 75 percent of the island is still without power.

Nationals Hire Dave Martinez As New Manager
In giving the Martinez, 53, a three-year contract, Nationals ownership broke with longstanding (and controversial) form. That inability to advance despite making it into the postseason four times in the last six seasons sealed Baker's fate.

Super Mario Odyssey Sold 2 Million Copies in 3 Days, Says Nintendo
Super Mario Odyssey now enjoys a 97 professional rating and 8.9 user score on Metacritic , a popular reviews aggregate site. The numbers include both download card and Switch Super Mario Odyssey hardware bundles, but do not include download sales .

Manchester United have got to win the Premier League, says Gary Neville
He's untouchable in my team and I think in terms of support from the fans. "But fans are fans, they pay the ticket and do what they want".

2.0 audio launched at glitzy Dubai show
Two songs from the movie were unveiled after they were allegedly leaked online hours before the album's formal release. Rajinikanth made a grand entry at the event, being greeted by figures of his robot avatars that he plays in the film.

"Live" photos of the smartphone, OnePlus 5T published online
There have been several leaks and rumours about the OnePlus 5T , but the company has still yet to officially confirm the phone. The OnePlus 5 features the Qualcomm Snapdragon 835 with 6GB or 8GB of RAM, along with 64GB or 128GB of internal storage.

White House distances itself from tainted Trump campaign aides
She replied: "There are thousands of photographs [of Trump] with millions of people". She did note that Trump has no intentions to fire Mueller.