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First trillion dollar company? Apple closes in on title with strong third-quarter earnings

2 monthes ago   |   By Tech Radar

Apple third quarter earnings were never supposed to be exciting - it hasn't had a big hardware launch in months and we don't expect new iPhones until September. However, a mix of strong revenue today and a market valuation that's closing in on $1 trillion are hyping Apple's stock price to record levels in after hours trading. To become the first $1 trillion company , Apple's stock price needs to cross $203, which is 3% above its its current price, notes 9to5mac. The company stock price currently sits at $190.30 and reached an all-time high of $195.96, which would put Apple at $990bn when...
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Apple CEO Tim Cook 'The Smartphone Market is Very Healthy'

Apple CEO Tim Cook 'The Smartphone Market is Very Healthy'

2 monthes ago   |   By Mac Rumors

During today's earnings call covering the third fiscal quarter of 2018, Apple CEO Tim Cook was questioned about the health of the smartphone market and the impact the company's choice to offer low-cost battery replacements might have on replacement cycles.
In response, Cook said that he believes the smartphone market is "very healthy. "It's the best market to be in for someone in the business that we're in," said Cook. "Whether it grows one percent or two percent or five percent or six percent or 10 percent or shrinks one or two percent, it's a great market because it's just huge." iPhone...
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Transcript: Apple CEO Tim Cook on the company's 2018 Q3 earnings

Transcript: Apple CEO Tim Cook on the company's 2018 Q3 earnings

2 monthes ago   |   By iMore

Apple's second-quarter results for 2018 are in. Here's our transcript of the call.
Apple CEO Tim Cook and CFO Luca Maestri spoke with analysts during the company's Q2 2018 earnings call. Here's our ongoing live transcript of their remarks!
If you want more info on Apple's results, we recommend checking out the awesome charts from Six Colors .
Cook's opening remarks
Tim Cook
Thank you, Nancy, and thanks to everyone for joining us.
Today we're proud to report our best June quarter revenue and earnings ever, thanks to the strong performance of iPhone, services, and wearables. We generated...
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Apple's Q3 2018 earnings call: iPhone X and subscriptions drove growth

Apple's Q3 2018 earnings call: iPhone X and subscriptions drove growth

2 monthes ago   |   By VentureBeat

After releasing record third-quarter financial results today, Apple CEO Tim Cook and CFO Luca Maestri hosted their quarterly live question-and-answer session for financial analysts. We are covering the session live, with updates below in chronological order as the call proceeds. Today's Q&A comes as Apple's executives once again cel...
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Apple wearables revenue rises 60 percent, tops $10bn sales over last four quarters

Apple wearables revenue rises 60 percent, tops $10bn sales over last four quarters

2 monthes ago   |   By 9to5Mac

Apple just reported earnings - and as ever the company does not break out unit sales of Apple Watch. However, Apple's wearables business, which includes Apple Watch and AirPods, continues to be strong. Apple told the FT that wearables revenue is up 60 percent year-over-year.
more...
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Apple Reports 3Q 2018 Results: $11.5B Profit on $53.3B Revenue and 41.3M iPhones

Apple Reports 3Q 2018 Results: $11.5B Profit on $53.3B Revenue and 41.3M iPhones

2 monthes ago   |   By Mac Rumors

Apple today announced financial results for the third fiscal quarter of 2018, which corresponds to the second calendar quarter of the year. For the quarter, Apple posted revenue of $53.3 billion and net quarterly profit of $11.5 billion, or $2.34 per diluted share, compared to revenue of $45.4 billion and net quarterly profit of $8.7 billion, or $1.67 per diluted share, in the year-ago quarter .
Gross margin for the quarter was 38.3 percent compared to 38.5 percent in the year-ago quarter, with international sales accounting for 60 percent of revenue. Apple also declared a quarterly...
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Apple reports record $53.3 billion revenue in Q3 2018, led by iPhone

Apple reports record $53.3 billion revenue in Q3 2018, led by iPhone

2 monthes ago   |   By VentureBeat

Apple today announced its financial results for the third quarter of 2018, reporting quarterly revenue of $53.3 billion on sales of 41.3 million iPhones, 11.553 million iPads, 3.72 million Macs, and $9.548 billion in services. The company had offered a revenue guidance range between $51.5 billion and $53.5 billion for the quarter, up from the third...
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Apple Q3 2018: 41.3M iPhones, 11.6M iPads, 3.7M Macs

Apple Q3 2018: 41.3M iPhones, 11.6M iPads, 3.7M Macs

2 monthes ago   |   By iMore

Apple has just announced its financial results for Q2 2018, covering the period between April 1 and June 30, 2018. The company sold 41.3M iPhones, 11.6M iPads, and 3.7M Macs. The company's quarterly revenue was $53.3 billion.
Press release:
Apple Reports Third Quarter Results
Revenue Up 17 Percent and EPS Up 40 Percent to New June Quarter Records
Services Revenue Reaches New All-Time High
July 31, 2018 04:30 PM Eastern Daylight Time
CUPERTINO, Calif.--Apple® today announced financial results for its fiscal 2018 third quarter ended June 30, 2018. The Company posted quarterly revenue of...
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Apple Expected to Report Its Best Third Quarter Ever Today

Apple Expected to Report Its Best Third Quarter Ever Today

2 monthes ago   |   By Mac Rumors

Apple is set to report its earnings results for the third quarter of its 2018 fiscal year at 1:30 p.m. Pacific Time today.
The quarter began April 1, 2018 and ran through June 30, 2018, according to Apple's fiscal year accounting calendar.
Apple provided the following guidance for the quarter back on May 1 : revenue of $51.5 billion to $53.5 billion gross margin between 38 and 38.5 percent op. ex. of $7.7 billion to $7.8 billion other income/expense of $400 million tax rate of approximately 14.5 percent Apple's guidance suggests it will report its best third quarter results ever, by...
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Huawei Mate 20 Pro and Mate 20 announced

Huawei Mate 20 Pro and Mate 20 announced

The new Huawei Mate 20 Pro and Mate 20 have been unveiled on stage by CEO Richard Yu, offering three camera sensors, new colors and a higher screen-to-body ratio than any other... Read more ...

Huawei Mate 20 X and Porsche Design Mate 20 RS announced

Huawei Mate 20 X and Porsche Design Mate 20 RS announced

Alongside the Huawei Mate 20 and Huawei Mate 20 Pro , the company has also revealed the massive Huawei Mate 20 X and seriously expensive Porsche Design Huawei Mate 20 RS... Read more ...

Google Pixel 3 pre-orders start shipping ahead of this week's release

Google Pixel 3 pre-orders start shipping ahead of this week's release

Immediately after the announcement of the Pixel 3 and Pixel 3 XL last week, Google opened up pre-orders for the devices ahead of their release date this coming Thursday... Read more ...

Amazon's 'all-new' Kindle Paperwhite is waterproof, razor-thin, lightweight...

Amazon's 'all-new' Kindle Paperwhite is waterproof, razor-thin, lightweight, and low-cost

This may seem odd, but while tablets have effectively halted their progress of late, with most manufacturers focused on affordability rather than build quality or device... Read more ...

Take a look at the Huawei Mate 20 Pro's official new product video

Take a look at the Huawei Mate 20 Pro's official new product video

As you probably know by now, the Huawei Mate 20 and Mate 20 Pro were officially unveiled earlier today. And nothing gets the adrenaline flowing, the heart pumping and the drool... Read more ...

It's not just you, Twitter is sending random notifications to your iPhone

It's not just you, Twitter is sending random notifications to your iPhone

After taking away APIs from third-party developers, Twitter today is having an issue with its first-party app where users are receiving notifications that contain random... Read more ...

Google details Android changes after Europe ruling: license fees, app...

Google details Android changes after Europe ruling: license fees, app bundling, forked phones

Back in July, the European Commission fined Google $5 billion over alleged antitrust practices with the Android operating system. The company this week detailed how it's... Read more ...

Palm is back with a phone. for your phone?

Palm is back with a phone. for your phone?

Remember Palm, the almost-king of the early smartphone race? Well, it's back...sorta. And with a very unique, very unusual new handset. First - the resurrection of Palm. This... Read more ...

Huawei Mate 20 family goes official w/ tri-camera setup, in-display...

Huawei Mate 20 family goes official w/ tri-camera setup, in-display fingerprint reader, 4,200mAh battery

At a London event today , Huawei officially unveiled its latest Android smartphones. The Huawei Mate 20 and Mate 20 Pro are the latest from the Chinese brand and introduce a... Read more ...

Save 25% on the 1MORE Quad Driver In-Ear Headphones

Save 25% on the 1MORE Quad Driver In-Ear Headphones

We have a great deal on the 1MORE Quad Driver In-Ear Headphones in the Geeky Gadgets Deals store today, you can save 25% off the regular price. The 1MORE Quad Driver In-Ear... Read more ...