Even Apple Can't Believe Apple's Q4 Results

The iPhone X goes on sale in Apple's Sydney store.                  Claire Reilly  CNET

During the September quarter previous year, Apple sold 45.5 million iPhones. When the dust settled, Apple posted revenue of $52.6 billion. "Apple's year-over-year revenue growth rate accelerated for the fourth consecutive quarter and drove EPS growth of 24 percent in the September quarter", said Luca Maestri, Apple's CFO.

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. "We're looking forward to a great holiday season, and with the launch of iPhone X getting underway right now, we couldn't be more excited as we begin to deliver our vision for the future with this stunning device", Apple chief executive Tim Cook said in a release.

"The initial demand for iPhone X has been very, very strong". In the final minutes of trading on Thursday, shares hit $168.11, a rise of 51 percent in the last 12 months.

Apple notes in their earnings report that Services revenue in their fiscal 4th quarter of 2017 included "a favorable one-time adjustment of $640 million due to a change in estimate based on the availability of additional supporting information".

IPhones usually account for about two-thirds of Apple revenue and the devices are a hub for a growing suite of other products and services from the company.

Making the iPhone X is proving to be a challenge because it boasts a color-popping OLED screen, which isn't as readily available as standard LCD displays in other iPhone models.

Apple's having a good run.

During its most recent quarter, Apple sold 10.3 million iPads and 5.3 million Macs, representing a year-over-year increase of 14% and 25%, respectively.

But the numbers that most Apple watchers were focused on were those outlining what the company expects to see for the next quarter. Switching from a 6P lens to a 7P lens or a 2G3P hybrid lens, with camera module design largely similar to iPhone X's, would make for only limited improvements in aperture performance, we believe.

Related:

  • Premature birth rates rise for second year in a row

    Premature birth rates rise for second year in a row

    Medical experts with the March of Dimes say babies who survive an early birth often face serious and lifelong health problems. In Louisiana, African American women accounted for 15.6 percent of preterm births, 50 percent higher than all other women.
    Tourists to be banned from climbing Australia's most famous attraction

    Tourists to be banned from climbing Australia's most famous attraction

    It's within Uluru-Kata Tjuta National Park, which also includes the 36 red-rock domes of the Kata Tjuta formation. Climbing on Australia's iconic Uluru landmark will be banned from October 2019, authorities said on Wednesday.
    Donald Trump Jr. jabs Clinton with weird Halloween joke

    Donald Trump Jr. jabs Clinton with weird Halloween joke

    Trump's press secretary earlier criticized Clinton for "propping up book sales with false and reckless attacks". It runs through her bid for president, why she believes Trump won and how she felt afterward.
  • U.S.  makes final finding on Canadian softwood imports, sets duties

    U.S. makes final finding on Canadian softwood imports, sets duties

    Carr plans to convene the Federal-Provincial Task Force on Softwood Lumber in the coming days to discuss developments. The group alleges Canadian wood is heavily subsidized and imports are harming US mills and workers.
    Man accuses Kevin Spacey of making unwanted advances

    Man accuses Kevin Spacey of making unwanted advances

    Spacey apologized hours later, saying he didn't remember the encounter and was "deeply horrified" by Rapp's story. Spacey's woes began after he was accused by actor Anthony Rapp , 46, of sexual misconduct dating back to 1986.
    Kristen Bell & Dave Grohl Perform Frozen & Metallica Mashup

    Kristen Bell & Dave Grohl Perform Frozen & Metallica Mashup

    In the same episode, Grohl also interviewed fellow rocker Alice Cooper - appropriate, given that it was Halloween. While Dave Grohl's Halloween costume was tough to beat, Kristen Bell came out as Magnum P.I.
  • Massive Kidde fire extinguisher recall: Is your model safe to use?

    Massive Kidde fire extinguisher recall: Is your model safe to use?

    One death has been reported in connection with the faulty fire extinguishers, the Consumer Product Safety Commission reports. Following the recall, Kidde released a statement saying, "customer safety is our first priority".
    NERD Is Back, and They've Got Rihanna Rapping

    NERD Is Back, and They've Got Rihanna Rapping

    Yesterday, WWD exclusively revealed that N.E.R.D. had collaborated with Illesteva on a line of limited-edition sunglasses. Yes, rapping - literally no one was prepared for this.
    India vs New Zealand t20i live streaming,updates, predictions

    India vs New Zealand t20i live streaming,updates, predictions

    Experienced pacer Tim Southee , Trent Boult , Colin de Grandhomme will be the key in the shortest format. He further remarked that he must be the one bowler who bowled the most number of last overs for India .
  • Weir Group PLC (WEIR) Downgraded by Numis Securities Ltd to Hold

    Weir Group PLC (WEIR) Downgraded by Numis Securities Ltd to Hold

    It increased, as 62 investors sold AAPL shares while 1068 reduced holdings. 65 funds opened positions while 210 raised stakes. The stock traded as high as GBX 975 ($12.87) and last traded at GBX 963 ($12.71), with a volume of shares changing hands.

    Russia's Putin arrives in Iran

    Putin also held a separate meeting with Iran's Supreme Leader Ali Khamenei. "Both Russia and Iran are under American pressure". I would like to stress that we are working with Iran in a very productive way.
    Mourinho blasts Man United supporters for booing Lukaku

    Mourinho blasts Man United supporters for booing Lukaku

    Rui Vitória's side are winless in three Champions League matches on the season while scoring one goal and allowing eight. United will secure a place in the last 16 if they beat Benfica and CSKA Moscow fail to do likewise against Basel.

Comments

Other news