Apple just announced its earnings for its September quarter, and despite all of the ‘doom’ talk and lowball analyst predictions, the numbers are actually pretty good. In fact, the company set a record for iPhone sales during the 3-month period.
We’re just finishing up the conference call, where Tim Cook and his CFO Peter Oppenheimer talked about Apple's performance, and offered some insight into its future. And as usual, we’ve rounded up the 15 most interesting points for you…
As expected, Apple is out with its financial report for Q4 this afternoon. It's an important one, as the company began selling two new handsets simultaneously last month, and Wall Street is dying to know how the strategy is working thus far.
Well, so far so good. Apple announced today that during its fourth quarter of 2013, it sold 33.8 million iPhones, beating Wall Street expectations of 31 million. It also sold 14.1 million iPads and garnered $37 billion in revenue. More after the fold...
The leading wireless telco in the United States, Verizon Wireless, this morning released its third quarter results revealing 3.9 million iPhone activations (which is different than the actual unit sales).
It's the same as its previous quarter and 26 percent up from 3.1 million iPhone activations in Q3 of 2012.
Apple's share of total smartphone activations at the Big Red carrier, however, has jumped from 43 percent in the second quarter of 2013 to as much as 51 percent of the 7.6 million total smartphone activations in the third quarter.
Due to iPhone supply constraints, there will be some carryover in sales to the fourth quarter, Verizon cautioned. Year-over-year smartphone activations at the carrier were up by 26 percent and revenue improved 4.4 percent to $30.28 billion, CFO Fran Shammo said in an earnings call with investors. More tidbits after the break...
Apple is set to announce earnings for its fiscal 2013 fourth quarter (translating to the third calendar quarter) on Monday, October 28, according to today's note on the Apple Investor web page.
The conference call with investors is scheduled at 2pm Pacific / 5pm Eastern, after the markets close.
Eagle-eyed watchers will be keeping an eye on newswire services as Apple usually posts a media release announcing key quarterly metrics just after 1:30pm Pacific / 4:30pm Eastern...
It's believed that with strong competition from Samsung and other handset makers, the iPhone isn't as big of a draw for consumers as it once was. Some carriers have even stopped offering the phone, figuring it's no longer worth the hassle.
But ask providers like T-Mobile or China Telecom, and it's a completely different story. T-Mobile just posted its strongest consumer growth in 4 years last quarter on the back of its iPhone launch, and China Telecom is seeing similar results...
Although Apple didn't really wow investors with its overall Q3 numbers, there was one particular metric it blew out of the water: iPhone sales. Wall Street was predicting the company to sell between 25 and 27 million handsets during the period, and it sold 30 million.
And the strong iPhone sales not only helped Apple post a $6.9 billion profit for the quarter, but it also gave Foxconn a boost as well. According to a new report from The Wall Street Journal, the manufacturer's profits surged 41% last during its Q2 thanks to Apple...
T-Mobile US announced its financials for its second quarter last night, and the results are very impressive. Chock it up to finally landing the iPhone, the new 'Un-carrier' strategy—whatever it's doing, it's working. The carrier posted its strongest customer growth in 4 years.
In fact, believe it or not, T-Mobile led the US wireless industry in the second quarter, adding 685,000 branded postpaid phones and 1.1 million customers altogether. It also sold 4.3 million smartphones during the 3-month period, a year-over-year increase of 71 percent...
Leap Wireless held its quarterly earnings call yesterday. And aside from losing some 360,000 subscribers to 'increased competition,' and droopy revenues, its numbers actually look pretty good. Smartphone sales are up, ARPU is up, and churn is down.
But the number that really interests us is that the company's iPhone sales were up during the quarter. In fact, Leap's CFO Perley McBride said during the call that the carrier won't have to purchase $100 million in unsold iPhones as it originally thought...
Sprint has released its financials for its second quarter of 2013, and once again the carrier saw strong smartphone sales. According to the company, smartphones accounted for some 86% of its postpaid handset mix, and approximately 1.4 million of them were iPhones.
But not all of the numbers fell in Sprint's favor. The carrier lost nearly 2 million subscribers during the quarter, due in large part to the recent shutdown of its Nextel network. And it also posted a staggering $874 million operating loss due to charges related to the closure...
During Apple's quarterly earnings call yesterday afternoon, Tim Cook said something along the lines of "Apple has some great stuff coming in the fall." While the comment is vague, Apple's Q4 guidance may shine some light on when exactly we can expect to see new products.
Apple said that it expects revenue of $34 billion to $37 billion in the September quarter, with gross margins between 36 and 37%. And, according to BTIG analyst Walt Piecyk, those numbers only make sense if the company introduces some new hardware in September...
If there ever was any doubt fresh Apple gadgets were coming this Fall, one just needs to read between the lines of what Apple's finance boss Peter Oppenheimer said during June quarter conference call with analyst. In a Q&A Session, the exec hinted at a "very busy Fall".
The statement echoes a recent note by a reliable analyst who projected a flurry of Apple product launches throughout September and into late-October. When pressed to explain himself, Oppenheimer dodged giving a straight answer by insisting on leaving it there and instead "go into more detail in October." Touché, Pete, touché indeed!
Apple just announced its earnings for its June quarter, and despite all of the ‘doom’ talk and lowball analyst predictions, the numbers are actually pretty good. In fact, the company set a record for iPhone sales during the 3-month period.
We're just finishing up the conference call, where Tim Cook and his CFO Peter Oppenheimer talked about the quarter, offered some insight and fielded several questions. And as usual, we’ve rounded up the 15 most interesting points for you...