Posts Tagged ‘earnings’

Apple shared its quarterly results yesterday, which means we now know that the company had a record holiday quarter. Even iPhones sold well, with the iPhone 11 proving hugely popular in particular.

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Following a positive reaction to yesterday’s Q2 earnings call, Apple has seen its stock once again cross the $1 trillion market cap threshold as its shares rose by around 6%.

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Both JD.com and Suning, two of the biggest resellers in China, have slashed the price of the iPhone 8, iPhone 8 Plus, and iPhone XR by around 20% to combat poor sales.

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Hot on the heels of Apple announcing that it was not going to reach previously estimated revenue numbers, competitor Samsung has also announced that its quarterly profit and revenue numbers are short of those that were previously expected.

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Apple CEO Tim Cook has sent a note to employees adding color to the revenue announcement, declaring that iPhone activations set a new record on Christmas Day, with the company also confirming that New Year’s Day also saw a single-day App Store record set, too.

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In this year’s Fortune Global 500, Cupertino-based Apple Inc. has found itself in ninth position based on revenue, but number one on sheer profitability.

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Apple has today announced its Q2 2017 earnings, and as expected the company is once again doing very well indeed. Following the release of its figures for the last full quarter it is now confirmed that those results include $52.8 billion in revenue and $11.03 billion in profit, coming from the sale of 50.8 million iPhones, 8.92 million iPads, 4.2 million Macs, and more.

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