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

19 days 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'

19 days 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

19 days 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

19 days 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

19 days 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

19 days 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

19 days 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

19 days 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

19 days 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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$350 buys you the T-Mobile version of the Galaxy S8 directly from Samsung

$350 buys you the T-Mobile version of the Galaxy S8 directly from Samsung

The Samsung Galaxy S8 is still quite a serviceable phone. The 2017 flagship features a 5.8-inch Infinity Display and is powered by the Snapdragon 835 Mobile Platform. And while... Read more ...

Severe lag discovered in some Pixel 2 XL models; Google will reportedly...

Severe lag discovered in some Pixel 2 XL models; Google will reportedly replace some units

We've been hearing recently that some Google Pixel 2 XL users have seen their handsets slow down considerably to the point that they can hardly be used. Even a Google engineer... Read more ...

New Android Pie Update May Bring Back Essential Phone Notch Settings

New Android Pie Update May Bring Back Essential Phone Notch Settings

The Essential Phone was one of the first Android-powered devices with a notched display. It came with the notch settings feature on Android Oreo which allowed users to... Read more ...

IPhone X 2018: Apple Might Match Galaxy Note 9 And Release 512GB Variant For...

IPhone X 2018: Apple Might Match Galaxy Note 9 And Release 512GB Variant For New Flagship

When Samsung unveiled the Galaxy Note 9 earlier this month, the company confirmed one particular rumor that had been swirling ahead of its announcement, as the device will have... Read more ...

Android Giants: Samsung Note 9 vs. Huawei P20 Pro, which one should you go for?

Android Giants: Samsung Note 9 vs. Huawei P20 Pro, which one should you go for?

The global smartphone industry has become a battle of Android phones, especially now with Huawei becoming the second largest smartphone vendor globally, surpassing Apple. With... Read more ...

More info about Samsung's upcoming Android Go smartphone leaked out

More info about Samsung's upcoming Android Go smartphone leaked out

Samsung is expected to jump on the Android Go bandwagon, and the first smartphone made by the South Korean company that will try to further popularize Google's light OS is the... Read more ...

Flame Red HTC U12+ finally added to HTC's lineup

Flame Red HTC U12+ finally added to HTC's lineup

When the HTC I12+ was unveiled a few months back, HTC announced three distinct colors: Translucent Blue, Ceramic Black and Flame Red. The Translucent Blue color option was... Read more ...

Report: Global Google Home shipments rose 449% in Q2 to grab the top spot...

Report: Global Google Home shipments rose 449% in Q2 to grab the top spot from Amazon

A few days ago, we showed you Strategy Analytics' look at the global smart speaker market during the second quarter, which showed Amazon on top with its Echo devices, followed... Read more ...

Telstra's first Android Go phones land September 4

Telstra's first Android Go phones land September 4

In an effort to provide its pre-paid customers with more affordable smartphone options, Telstra has announced the introduction of three new budget handsets to its stable... Read more ...

Skype Testing New Texting Feature For PCs

Skype Testing New Texting Feature For PCs

Since a lot of us work on our computers, having to stop halfway to respond to messages on our phones can be distracting and annoying, which is why many messenger apps such as... Read more ...