Earnings

$165 billion cash pile and other interesting bits from today’s earnings call

Cody Lee ∙ Updated April 17, 2018

Apple announced its financial results for Q3 2014 this afternoon, and for the most part it met the Street’s expectations. The company sold 35.2 million iPhones and pulled in $37.4 billion in revenue during the three month period, and iPad sales fell short at just 13.2 million.

We’re just finishing up the conference call, where Tim Cook, CFO Luca Maestri and other members of the executive team have discussed Apple’s performance, and offered some insight into its future. As usual, we’ve rounded up the to 15 most interesting points for you below…

Apple Q3 2014 earnings: 35.2M iPhones, 13.2M iPads, $37.4B revenue

Cody Lee ∙ Updated April 17, 2018

As expected, Apple is out with its financial report for Q3 2014 this afternoon. In a press release issued just a few moments ago, the company announced that it sold 35.2 million iPhones, 13.2 million iPads, and pulled in $37.4 billion in revenue during the three month period.

Apple beat its own guidance, and met projections on just about everything but iPad numbers. It would seem that the problems continue with the popular tablet line, as sales came in more than 1 million units less than expected. We have a full breakdown of the numbers below...

Samsung blames sluggish tablet sales, increased competition for Q2 earnings miss

Cody Lee ∙ July 8, 2014

Samsung today issued its earnings guidance for the second quarter of 2014, and in somewhat of an odd move, it attached a note to the document explaining why it will fall short of estimates. The company expects to see its profits drop for the third consecutive quarter.

The note details a number of factors, including the improving strength of the Korean won making exports more expensive, and exceedingly sluggish tablet sales. It also explains that it is running into greater competition in China from low-end device makers like Xiaomi...

Samsung profits fall in Q1 on slowing high-end smartphone sales

Cody Lee ∙ Updated April 16, 2018

Samsung said profit fell for a second straight quarter as sales in its smartphone division continued to dip. The South Korean electronics giant announced its earnings for Q1 2014 this morning, and its operating profits for the period fell 3.3% from the year-ago-quarter.

Investors are particularly concerned with the growing trend of slumping handset sales—Samsung's mobile division is also down 1.2% year-over-year. The just-released Galaxy S5 is expected to give its Q2 numbers a boost, but the future beyond that is less than certain...

Apple announces 20 million Apple TVs sold to date

Cody Lee ∙ Updated April 16, 2018

During Apple's earnings call earlier this afternoon, CEO Tim Cook announced that the company crossed the 20 million sold mark for the Apple TV during the last quarter. The mention is noteworthy as Apple doesn't typically breakout numbers for the set-top box (though it has on occasion).

The move falls in line with Cook's previous sentiments regarding the Apple TV—at a shareholders meeting in February Cook said 'it’s a little more difficult to call the Apple TV a hobby these days,' and comes amid rumors that the company is preparing to launch a new version of the device...

15 interesting points from today’s earnings call

Cody Lee ∙ April 23, 2014

Apple announced its financial results for Q2 2014 this afternoon, and for the most part it beat the Street's expectations. The company sold 43.7 million iPhones and pulled in $45.6 billion in revenue during the three month period, although it did miss slightly on iPad sales at just 16.3 million.

We’re just finishing up the conference call, where Tim Cook, CFO Peter Oppenheimer and other members of the executive team have discussed Apple’s performance, touted some user stats, and offered insight into the future. And as usual, we’ve rounded up the 15 most interesting points for you…

Apple Q2 2014 earnings: 43.7M iPhones, 16.3M iPads, $45.6B revenue

Cody Lee ∙ April 23, 2014

As expected, Apple is out with its financial report for Q2 2014 this afternoon. In a press release issued just a few moments ago, Apple announced that it sold 43.7 million iPhones, 16.3 million iPads, and pulled in $45.6 billion in revenue during its fiscal Q2.

Other than iPad sales, Apple beat the Street estimates by a wide margin. The Cupertino company also announced an accelerated strategy for its stock buyback plans, adding an additional $30 billion to the pot (for a total of $90 billion), as well as a 7-1 stock split...

Apple reports earnings Wednesday: Here’s what analysts expect

Jake Smith ∙ Updated April 16, 2018

Apple reports its quarterly earnings on Wednesday for the January to March quarter - a typically slow time for technology companies following the Christmas quarter crunch.

On its last earnings call in January, Apple told investors to expect revenue between $42 billion and $44 billion, gross margin between 37 percent and 38 percent, operating expenses between $4.3 billion and $4.4 billion, other income/(expense) of $200 million, and a tax rate of 26.2 percent. Really, no better than the company did last year.

Analysts have been checking with industry sources, looking at retail logs, and number crunching to predict what Apple will announce on Wednesday. Whether the company misses or beats the expectations could have a big impact on the stock price, which is up roughly 36 percent year-over-year. Last quarter, the stock tanked in after hours following a bad guidance for the numbers that are set to be report on Wednesday. Here's what analysts are expecting:

Apple to webcast March quarter earnings

Christian Zibreg ∙ Updated January 27, 2016

Apple is scheduled to release its second fiscal quarter earnings Wednesday, April 23. Like it always does, the iPhone maker is going to provide a free live audio stream of the conference call with analysts and investors through its website.

The firm has issued a media release confirming that the conference call will be available as a QuickTime webcast on the iPhone, iPod touch and iPad devices running iOS 4.2 or above, Macs running OS X 10.5 or above and Windows PCs running QuickTime 7 or later.

The live webcast will begin at 2pm PDT on Wednesday, April 23, 2014...

Apple to announce second quarter earnings on April 23

Cody Lee ∙ April 1, 2014

Folks wondering how Apple did during its quiet second quarter will have their answer in just a few short weeks. The Cupertino company has updated its Investor Relations page to note that it will be releasing its financial results for Q2 2014 on April 23rd.

There were no new products announced during the 3-month period, but Apple did make some changes to its device lineup. In March, the company launched a new 8GB version of its iPhone 5c in certain countries, and reintroduced its 4th generation iPad...

Strong demand for Apple products boosts Foxconn and Pegatron’s earnings

Christian Zibreg ∙ Updated October 13, 2018

Demand for Apple's latest products is as strong as ever, it would seem. After reporting sales of 51 million iPhones and 26 million iPads during the lucrative holiday quarter, as a result Apple's key contract manufacturers - Foxconn and Pegatron - are seeing a nice rise in their earnings, too.

Pegatron, the primary manufacturer of the iPhone 5c and iPad mini, last week reported a cool 22 percent annual rise in earnings attributed to strong demand for mobile products. Apple is responsible for as much as 40 percent of Pegatron's business so the manufacturer's fortunes are closely tied to the iPhone maker's.

As for Foxconn, they reported a 13 percent rise in net profit today. Foxconn is the world's top contract manufacturer and Apple's lead supplier...

Despite T-Mobile’s Un-carrier, AT&T adds 809,000 new subscribers in Christmas quarter

Christian Zibreg ∙ Updated January 26, 2016

The nation's second-largest wireless carrier, AT&T, yesterday reported its Christmas quarter earnings revealing steady growth, despite T-Mobile's taunts and its Un-carrier initiative. Although AT&T (and Verizon) stopped divulging iPhone activations, the carrier confirmed selling 7.9 million smartphones in the quarter, a decline from the 10.2 million smartphones it activated a year ago.

They added a cool 1.2 million new subscribers and upgrades by old subscribers. Of that number, 809,000 connections were new subscribers and 566,000 were postpaid wireless customers with a contract. Go past the fold for the full breakdown...