iPhone sales disappoint as Apple hints at weak holiday
11/1/2018, 8:47:47 PMThe company didn't sell quite as many iPhones as Wall Street expected and said revenue in the holiday quarter won't be very strong. ✔ The devices, which featured largely incremental updates from last year's iPhone X, hit the market in September ✔ A month later, Apple started selling its lower priced iPhone XR, which starts at $749 versus $999 for the XS ✔ Taking It to Extremes: Mix insane situations -- erupting volcanoes, nuclear meltdowns, 30-foot waves -- with everyday tech
Apple warns on holiday sales, sending value below $1 trillion
11/1/2018, 11:29:50 PMApple Inc on Thursday warned that sales for the crucial holiday quarter would li... ✔ Companies typically stop reporting metrics when the metrics are about to turn ✔ But the average selling price of iPhones was $793, well above analyst estimates of $750.78, according to FactSet ✔ The group is now charging close to $800 per phone, and while that’s helping revenues climb despite flat sales volumes, one has to wonder how the strategy to shimmy up the price ladder fares in a downturn ✔ Our Standards:The Thomson Reuters Trust Principles
Apple will stop announcing exactly how many iPhones, iPads, and Macs it’s sold — and it comes right after a big miss on iPhone sales
11/1/2018, 10:28:00 PMApple's sales figures are about to get a lot less transparent, as it stops breaking out iPhone, iPad, and Mac unit sales figures. ✔ As we accomplish these objectives, strong financial results follow ✔ Here are all the key numbers: Q4 EPS : $2.91, up 40% year-over-year, versus expectations of $2.78 Q4 Revenue : $62.9 billion, up 19.5% year-over-year, versus expectations of $61.44 billion Gross margin : 38.2%, up 0.7% year-over-year, versus expectations of 38.3% iPhone units sold : 46.9 million, up 0.4% year-over-year, versus expectations of 48.4 million iPhone average sales price : $793, up 28% year-over-year, versus expectations of $729 iPad units sold : 9.6 million, down 6% year-over-year Mac units sold: 5.3 million, flat year-over-year Q1 2018 guidance : Between $89 billion and $93 billion versus consensus expectation of $92.74 billion
Apple (AAPL) Stock Slides Despite Earnings Beat
11/1/2018, 10:20:17 PMApple earnings surge 41 percent, but it's not enough to satisfy Wall Street. ✔ The new Mac mini – a desktop computer – will go for $799, well above the $499 price for previous Mac minis ✔ With a modest 1.3 percent dividend and big-time share buybacks to boot, it’s hard to go wrong with AAPL in your portfolio, even if the market, momentarily, disagrees
More expensive iPhones push Apple to record profits
11/1/2018, 9:24:38 PMApple has posted record profits and sales after it convinced shoppers to buy more-expensive versions of the iPhone in the three months to the end of September. ✔ Shares fell by as much as 5pc following the results, a decline that leaves Apple teetering on the edge of its status as the world’s only trillion-dollar public company ✔ On average, consumers now pay $793 for each iPhone, up from $618 a year ago ✔ This week, the company unveiled new iPad and MacBook computers, in an attempt to arrest declining sales of both
Apple earnings to detail early sales of new iPhones: Live blog
11/1/2018, 8:12:27 PMApple Inc. will provide the first indication of how well its latest line of iPhones is selling when the company delivers its fiscal fourth-quarter results on Thursday afternoon. ✔ will provide the first indication of how well its latest line of iPhones is selling when the trillion-dollar company delivers its fiscal fourth-quarter results on Thursday afternoon ✔ Expect commentary from Chief Executive Tim Cook during Apple’s earnings call, which kicks off at 5 p.m. Eastern time ✔ MarketWatch tech reporter Emily Bary () and tech editor Jeremy C
Apple beats on earnings, but stock falls after December outlook misses
11/1/2018, 9:20:22 PMApple Inc. reported better-than-expected financial results for its fiscal fourth quarter, but shares sank in after-hours trading Thursday after the company delivered a disappointing forecast for the holiday period. ✔ Investors had been worried that trade-war tensions, macroeconomic issues and a freeze on new game approvals in China might impact consumer spending in the region ✔ The company fell short of expectations with its services business, which logged $9.98 billion in revenue compared with the $10.2 billion that analysts had been expecting ✔ We Want to Hear from You Join the conversation Comment
Apple is Making More Money From the iPhone than Ever | Digital Trends
11/1/2018, 10:43:11 PMApple didn't quite hit estimates for iPhone units in the fourth financial quarter of 2018, but despite that, it made more money than expected. How? Well, largely by raising the the average selling price of the iPhone through the more-expensive-than-ever iPhone XS and iPhone XS Max. ✔ The company has announced its fourth-quarter 2018 earnings, showing earnings that beat Wall Street estimates, thanks largely to the heightened average selling price of the iPhone ✔ The average selling price of the iPhone came in at $793 up 28 percent compared to 2017’s fourth quarter ✔ Services is another segment that Apple is doing well in
Apple earnings exceed estimates but forecast wanes
11/1/2018, 8:58:38 PMThe average sale price of iPhones was $793 per device, beating an expected $750.78. ✔ Shares fell more than 4 percent after the earnings announcement ✔ Priced at $1,199 for its base model, the laptop has a 13.3-inch Retina display with four times the screen resolution of previous models ✔ Apple became the first U.S. company to surpass $1 trillion market capitalization last August
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Apple’s price hike strategy is paying off
11/1/2018, 8:48:56 PMApple announced its fiscal Q4 earnings today. Despite no change in iPhone unit sales, the average selling price of iPhones is up, meaning the price hike strategy is paying off. ✔ Photo by James Bareham / The Verge Despite a zero percent change in iPhone unit sales year over year, Apple ended its fiscal fourth quarter with a 29 percent revenue increase in its smartphone division ✔ (It also discontinued its cheapest $399 iPhone SE after the announcement.) Image: Apple Apple also announced new iPad and MacBook devices at an event this week
Apple warns holiday sales may disappoint amid weakness in emerging markets
11/1/2018, 10:06:50 PMApple Inc on Thursday warned that sales for the crucial holiday quarter would likely miss Wall Street expectations, which Chief Executive Tim Cook blamed on weakness in emerging markets, foreign exchange costs and uncertainty whether the iPhone maker can keep up with demand for new products. The weak forecast by… ✔ Apple Inc on Thursday warned that sales for the crucial holiday quarter would likely miss Wall Street expectations, which Chief Executive Tim Cook blamed on weakness in emerging markets, foreign exchange costs and uncertainty whether the iPhone maker can keep up with demand for new products ✔ But Cook stressed that Apple was happy with its performance in China, where revenue grew 16 percent to $11.4 billion, the fifth quarter in a row the company has had double-digit growth in the region
Apple beats on Q4 earnings thanks to price hikes, stock still falls 4% after-hours
11/1/2018, 8:53:53 PMDespite a beat on its Q4 quarterly earnings, Apple shares still managed to take a beating Thursday. Shares are down 4 percent in after-hours trading after the company released its Q4 quarterly earnings report, detailing $62.90 billion in revenue beating analyst expectations of $61.57 billion, with … ✔ The company reported that its Services division reached an all-time-high of $10 billion in revenue (well, actually $9.98 billion), climbing 17 percent year-over-year ✔ It’s been a rough past few weeks for the Nasdaq, tech stocks have been floundering though Apple has weathered the storm far better than most on the heels of several new hardware announcements ✔ We’ll have more details later this afternoon during the company’s investor call
Apple reportedly expands the list of ‘vintage’ products it will repair
11/1/2018, 11:08:44 PMApple's new “Repair Vintage Apple Products Pilot” will repair devices that have been discontinued for more than five years. ✔ ASSOCIATED PRESS Apple is expanding its program to repair some of its vintage products that are still in circulation, according to 9to5Mac ✔ It also offer repairs for the 11- and 13-inch models of the MacBook air released in mid-2012 and the 21.7- and 27-inch iMacs from mid-2011 ✔ The iPhone 4s and 15-inch MacBook Pro from mid-2012 can be repaired through November 30th, 2020
Apple’s Juice Runs Out
11/1/2018, 11:17:21 PMThe iPhone maker’s strong stock now less appealing following a disappointing outlook and future reporting changes ✔ Apple has received due credit over the past year for its ability to grow device revenues despite relatively flat unit sales, mainly from boosting prices ✔ Apple’s share price had gained more than 31% for the year ahead of Thursday’s report, and the stock survived last month’s tech selloff with only a 3% drop ✔ At this point, the stock deserves to lose some of its shine
Apple earnings drag tech stocks down after hours
11/1/2018, 10:28:07 PMThe Nasdaq erased most of its gains from the day in after hours trading. ✔ ARis Oikonomou | AFP | Getty Images Tim Cook, CEO of Apple Inc talks at the Debating Ethics event at the European Parliament in Brussels on October 24, 2018 ✔ The Nasdaq closed up 1.75 percent Thursday, starting November on an upswing ✔ Top technician gives instant analysis to Apple earnings 42 Mins Ago | 02:51
Apple briefly falls below $1 trillion market value
11/1/2018, 10:07:03 PMApple briefly fell below its $1 trillion market cap after hours Thursday following its earnings report. The company made history this summer when it became the first U.S. public company to hit the $1 trillion market cap mark. ✔ Brendan McDermid | Reuters Apple CEO Tim Cook Apple briefly fell below its $1 trillion market cap on Thursday after reporting its fourth quarter earnings ✔ The stock was down after hours on weak guidance and slipped even further after the company reported it would no longer report iPhone, iPad and Mac unit sales
Apple Reports Record Results but Weak Revenue Outlook
11/1/2018, 8:55:57 PMApple reported another quarter of record revenue and profit, but its shares fell in after-hours trading following the company’s lackluster sales guidance for the key holiday quarter. ✔ Its stock closed at $222.22 on Thursday before its earnings report, down less than 5% from its all-time high in early October ✔ Since September, it has raised the prices more than 20% on updates to its smartwatches, Macs and iPads ✔ Maybe they have even more pricing power than we in the market appreciate
Apple earnings beat, but its holiday outlook disappoints
11/1/2018, 9:55:46 PMThe iPhone maker's sales and profits exceeded estimates, but it offered a tempered outlook for the year-end period ✔ It sold 46.9 million iPhones in the quarter that ended Sept ✔ The shares had slid 3.1 percent in October's tumultuous market, not bad given how poorly many other technology names performed ✔ Overall, the tech-laden Nasdaq Composite fell 9.2 percent, its biggest monthly tumble since late 2008 as climbing interest rates and worries about tariffs and the economy hit hard
LIVE: Apple Q4 EARNINGS
11/1/2018, 8:33:49 PMApple investors are about to find out if the new iPhones are hot or not. ✔ Apple's earnings on Thursday will include a revenue forecast for the all-important holiday quarter, historically the Cupertino tech titan's biggest of the year ✔ Here's what Wall Street is expecting, via Bloomberg data: Q4 EPS : $2.78 Q4 Revenue : $61.44 billion Gross margin : 38.3% iPhone units sold : 48.4 million iPhone average selling price : $729 Q1 2018 guidance : $92.74 billion Apple's earnings typically come out at 4:30 p.m. ET, and its conference call with Apple CEO Tim Cook and CFO Luca Maestri is at 5:00 p.m. Business Insider will cover Apple's results live as they cross
Apple missed iPhone sales estimates, but it's making more money from iPhones than ever before
11/1/2018, 8:46:04 PMApple sold 46.89 million iPhones during the quarter ended Sept. 30. ✔ This company revealed the number in its earnings report Thursday ✔ Analysts expected Apple's ASP to come in at $750.78, which means this is a huge beat for Apple ✔ Expect to see positive Apple reaction for the next month or so, says pro 1 Hour Ago | 03:11
Apple is in serious danger of no longer being a $1 trillion company
11/1/2018, 10:37:49 PMWhen the market opens on Friday, Apple could have lost its $1 trillion valuation. ✔ Apple made headlines earlier this year when it became the first-ever American company to reach a $1 trillion market cap ✔ Still, for better or for worse, nothing is going to happen to Apple's $1 trillion valuation until Friday morning: A company's market cap isn't affected by after-hour trading, and it all comes down to how investors are feeling by the time the opening bell rings
Apple’s Earnings Were Strong but the Weak Spots Are in the Spotlight After a Turbulent October
11/1/2018, 9:31:24 PMWeak shipments and guidance may be the takeaway by investors already rattled by the October market meltdown. Services revenue hit a record. ✔ Text size If Facebook (FB) appeased some tech investors with an earnings report that sent its shares up late Tuesday and Wednesday, Apple renewed their angst on Thursday ✔ Apple’s powerhouse Services division racked up a record $9.98 billion in revenue, up 27% from a year ago
Apple sees record-breaking quarter with $62.9bn in revenues
11/1/2018, 9:29:16 PMFourth quarter sees revenues from services such as iCloud and Apple Music hit all-time high of $10bn ✔ It has also helped that the company has increasingly been branded as one of the most trustworthy on data protection, and is not embroiled in controversy like many of its big-tech competitors ✔ Will they take a different stance so they can expand beyond their ecosystem, or not
Apple shares slide on disappointing outlook
11/1/2018, 9:12:38 PMundefined ✔ However, Apple said sales for the crucial December quarter its biggest of the year would range between $89-93bn, implying a potential shortfall to the $93bn that Wall Street analysts had already been expecting ✔ Apple’s results follow a turbulent period for tech stocks, which have seen tens of billions of dollars wiped off their valuations amid concerns about the global economy
Apple now has $237.1 billion in cash on hand
11/1/2018, 8:46:03 PMThe company reported earnings for its fourth quarter on Thursday. ✔ Drew Angerer | Getty Images Tim Cook, chief executive officer of Apple, attends the annual Allen & Company Sun Valley Conference, July 12, 2018 in Sun Valley, Idaho ✔ Hands on with Apple's new iPad Pro with Face ID and an edge-to-edge display 2:08 PM ET Tue, 30 Oct 2018 | 01:10
Apple unsure if it can make enough products
11/1/2018, 9:22:53 PMApple shares fall in after-hours trading as it said sales for the crucial holiday quarter could miss Wall Street expectations, ✔ Apple chief Tim Cook.Credit:Bloomberg Shares dropped as much as 4.3 per cent to $US212.46 in after-hours trading after the results were released, taking roughly $US4 billion ($5.55 billion) off Apple's market value of more than $US1 trillion at market close Thursday
Cramer: I would still own Apple's stock even though I expect an 'undeserved crushing'
11/1/2018, 10:45:48 PMJim Cramer tells investors it's not worth trading the stock of Apple after the iPhone maker reported earnings that seemed to disappoint Wall Street. ✔ But he wouldn't give up on a stock that was up 30 percent coming in that reported an amazing number but was conservative and changed the way it's breaking things down, he told investors ✔ Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine Questions, comments, suggestions for the Mad Money website
Satya Nadella’s Bold Plan To Future-Proof Microsoft: Embrace Apple iOS, Android And Now Linux
11/1/2018, 9:00:14 PMSatya Nadella is taking major steps to prepare the software giant for a post-Windows computing world. ✔ The jury is out on its success but other players attempting to be open at an enterprise level, like IBM, are faltering, and others are more closed, said Adrian ✔ One of the key criticisms of Oracle is that its software does not work well with competitors, making businesses cautious about so-called lock-in ✔ Microsoft Corporation (MSFT) | FindTheCompany
Apple’s more expensive iPhones are making them a lot more money
11/1/2018, 8:47:30 PMWe spent time with Apple's new hardware not long ago, but the company is keeping the party going with another new release: its Q4 2018 earnings. Right off the b... ✔ iPhone revenue was up 29 percent despite only selling about 200,000 more iPhones than usual ✔ For those keeping track, that means the average selling price (or ASP) of an iPhone is now $793 -- that's a huge jump over the $618 average Apple reported last year ✔ (Almost prohibitively so, depending on who you ask.) This is a developing story, please refresh for updates
Apple's 7% stock drop in after hours--if it holds--would slash 100 points from Dow industrials
11/1/2018, 9:36:07 PMundefined ✔ Apple was shedding roughly $14.72 to $207.50 from the iPhone maker's Thursday closing share price of $222.22 ✔ A $1 move in anyone one of the Dow's 30 components translates to a swing in the index of about 6.89 points ✔ Check out a live blog of Apple's earnings Have breaking news sent to your inbox
Apple's Market Cap Falls Briefly Below $1 Trillion After Warning of Weaker-than-Expected Holiday Sales
11/1/2018, 11:34:51 PMApple CEO Tim Cook said that weakness in emerging markets could cause revenue to disappoint this quarter. ✔ Because demand for Apple’s newer, and more expensive, iPhones was high, iPhone revenue came in at $37.2 billion, above the consensus forecast of $35.6 billion ✔ It’s possible, if not likely, Apple’s stock will open with a market cap above $1 trillion once the markets open
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Target’s early access Black Friday deals include Beats headphones, a 55-inch TCL 4K HDR TV, and more
11/1/2018, 8:28:58 PMDeals are live a few weeks ahead of Black Friday ✔ These do not influence editorial content, though Vox Media may earn commissions for products purchased via affiliate links ✔ TVs TCL 55-inch 4K HDR television (model 55S405) is $349.99 (usually $449.99, ends 11/1 ) Starting 11/22 : Element 55-inch 4K television will be $199.99 (usually $379.99) LG 43-inch 4K HDR television will be $269.99 (usually $349.99, model 43UK6090 ) Samsung 50-inch 4K HDR television will be $329.99 (usually $449.99, model 50NU6900 ) LG 60-inch 4K HDR television will be $549.99 (usually $799.99) Samsung 65-inch 4K HDR television will be $649.99 (usually $829.99, model 65NU6900 ) Portable audio Beats PowerBeats 3 wireless headphones are $89.99 (usually $199.99, ends 11/1 ) Beats Solo 3 Wireless Neighborhood Collection headphones are $179.99 (usually $299.99, ends 11/1 ) Starting 11/22 : Beats Studio 3 Wireless headphones will be $279.99 (usually $349.99) Bose SoundSport wireless headphones will be $99.99 (usually $149.99) Bose SoundLink Micro Bluetooth speaker will be $69.99 (usually $99.99) JBL Flip 4 Bluetooth speaker will be $59.99 (usually $99.99) Wearables Fossil Gen 3 smartwatches are 40 percent off ( ends 11/1 ) Starting 11/22 : Fitbit Versa will be $149 (usually $199.95) Fitbit Charge 3 will be $119.95 (usually $149.95) Samsung Galaxy Watch will be $259.99 (usually $329.99) Apple Watch Series 3 with GPS will be $199.99 (usually $279.99) Apple Watch Series 3 with GPS and Cellular support will be $299.99 (usually $379.99) Garmin vivofit jr
The internet is going wild over this new emoji: What does it mean?
11/1/2018, 8:37:48 PMThere's a new emoji out there, and the internet is at odds about when to use it. ✔ Perhaps, it's your reaction to an awful pickup line ✔ Along with the creepy-guy-at-the-bar emoji, the electronics giant included new animals, foods, characters with curly hair and bald people in its latest release ✔ Per usual, the update also includes various other bug fixes and improvements
Fast Asia Open: Australia retail sales, producer prices
11/1/2018, 11:10:10 PMundefined ✔ US stocks broadly kicked off November on a solid footing, as a combination of corporate earnings and hopeful comments from US president Donald Trump on trade talks with China helped sentiment ✔ 08.30: Australia producer price index 08.30: Australia retail sales 19.30: India foreign exchange reserves
Apple’s Earnings Are Already Hitting the Dow Jones Industrial Average
11/1/2018, 9:43:46 PMWhen the market’s largest stock falls, so do the major indexes. ✔ The Invesco QQQ ETF (QQQ), which tracks the Nasdaq-100, is off 0.7% at $170.87, while the SPDR S&P 500 ETF (SPY), has fallen 0.3% to $272.78, and the SPDR Dow Jones Industrial Average ETF (DIA) has declined 0.3% to $252.96 ✔ Apple’s the last FAANG stock to report earnings, and as with Amazon.com (AMZN), Netflix (NFLX) and Alphabet (GOOGL), investors found reason to be disappointed
Everyone's Hilariously Guessing At Whatever The Hell This New Emoji Is Supposed To Emote
11/1/2018, 11:06:06 PMIt’s been explained as anything from “when you use a Q-tip” to the “good dick emoji.” ✔ Savyyleee✨ @SavannahLD21 When you start to like a guy https://t.co/btiUCGiYwM 03:40 AM - 01 Nov 2018 Reply Retweet Favorite Or, finally, we may finally have an emoji for the specific look of agony your face makes after you stub your toe
The Rise And Fall Of The Android Tablet | Digital Trends
11/1/2018, 9:19:11 PMIn 2018, Android tablets are effectively dead. Google itself shows little interest in stoking app optimization for the form factor. But how did we get here? And is Chrome OS the natural successor to this once-promising market segment? We take a look at the history of the Android tablet thus far. ✔ Jullian Chokkattu/Digital Trends In 2010, there was ample potential for a thriving Android tablet market ✔ Surely Android manufacturers could cash in on that excitement and eat up a large part of the market with reasonably-priced options, right ✔ The subsequent growth of plus-size smartphones was undoubtedly a major nail in the coffin for the Android tablet
Cramer Remix: Apple's earnings might stall the tech rally
11/1/2018, 11:21:41 PMJim Cramer warns investors not to panic in the wake of Apple's earnings. ✔ Proofpoint CEO on shifting 'threat landscape' Enterprise security player Proofpoint has a greater opportunity than ever before as cyber-threats become more intense and multifaceted, Proofpoint Chairman and CEO Gary Steele told Cramer in a Thursday interview
S&P 500 logs longest win streak in 6 weeks;Dow rallies 943 points in 3 days
11/1/2018, 8:12:30 PMundefined ✔ AAPL, +1.54% which could help to provide a fresh driver for markets, coming right before Friday's nonfarm-payroll report on Friday ✔ The Dow Jones Industrial Average DJIA, +1.06% added about 265 points, or 1.1%, to close at 25,381, with the benchmark picking up 943 points over the past three sessions ✔ Despite the rise, market participants are still cautious about the near-term outlook for equities
Wall Street climbs for third day, Apple falls after the bell
11/1/2018, 10:18:13 PMU.S. stocks rose for a third straight session on Thursday as President Donald Tr... ✔ The S&P materials index .SPLRCM was up 3.0 percent, with DowDuPont Inc (DWDP.N) surging 8.1 percent after it reported strong results and plans for a $3 billion share buyback ✔ The Dow Jones Industrial Average .DJI rose 264.98 points, or 1.06 percent, to 25,380.74, the S&P 500 .SPX gained 28.63 points, or 1.06 percent, to 2,740.37 and the Nasdaq Composite .IXIC added 128.16 points, or 1.75 percent, to 7,434.06 ✔ Our Standards:The Thomson Reuters Trust Principles
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