Apple Q2 Results • Hacker News Board

Re: Apple Q2 Results

#41

Post by bunnycorn » Tue, Apr 30, 2019, 9:49 PM UTC

mythz wrote: post #22

joobus wrote: post #18

> The Company posted quarterly revenue of $58 billion, a decline of 5 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.46, down 10 percent. So they are shrinking, not growing.

On 1 quarter YoY basis, their core iPhone business saw a plateau slowdown of -17.3% ($31B). iPad saw 21.5% growth ($4.9B) and their newest categories Wearables (Watch/Airpods) saw a 30% jump ($5.13B) whilst their Service Revenue increased 16.2% ($11.45B). Despite their Apple News+, Apple Card, Apple Arcade and Apple TV+ services/subscription revenues not having kicked in yet so I'd expect they'll return to overall re…

It also depends on China/US relations.

Re: Apple Q2 Results

#42

Post by bunnycorn » Tue, Apr 30, 2019, 9:50 PM UTC

saagarjha wrote: post #24

ancorevard wrote: post #19

Earlier quoted context omitted.

Remove China from their numbers, and they are growing. China's economy is still cratering.

Removing China for a company that depends strongly on sales in China may not be a very sound analysis.

Where does Apple "depends strongly" in China.

Sure is important for the iPhone, but it's not important for the iPad, Mac and Services.

Re: Apple Q2 Results

#43

Post by saagarjha » Tue, Apr 30, 2019, 9:55 PM UTC

bunnycorn wrote: post #42

saagarjha wrote: post #24

Earlier quoted context omitted.

Removing China for a company that depends strongly on sales in China may not be a very sound analysis.

Where does Apple "depends strongly" in China. Sure is important for the iPhone, but it's not important for the iPad, Mac and Services.

Apple depends strongly on iPhone.

Re: Apple Q2 Results

#44

Post by scarface74 » Tue, Apr 30, 2019, 9:58 PM UTC

saagarjha wrote: post #43

bunnycorn wrote: post #42

Earlier quoted context omitted.

Where does Apple "depends strongly" in China. Sure is important for the iPhone, but it's not important for the iPad, Mac and Services.

Apple depends strongly on iPhone.

And that's why they are trying to diversify revenue...

Re: Apple Q2 Results

#45

Post by mediocrejoker » Tue, Apr 30, 2019, 10:04 PM UTC

saagarjha wrote: post #40

akhilcacharya wrote: post #27

Earlier quoted context omitted.

I still don't understand the appeal, nor how they suddenly became a meme in 2018, two years after they were released! I own multiple pairs of wireless headphones but the fear of losing 1 headphone in the Airpod pair terrifies me.

Keep them in your ears or in the case and the probability that you'll lose them will be pretty close to zero.

Unless they fall out of your ears, which has happened to me when jogging a few times.

Re: Apple Q2 Results

#46

Post by dclusin » Tue, Apr 30, 2019, 10:06 PM UTC

Hongwei wrote: post #16

minimaxir wrote: post #11

From the financial statements, revenue from Wearables, Home, and Accessories was up 30% vs the last year. There wasn't a huge release this quarter (aside from the AirPods refresh which was at the edge of the March 30th cutoff), so I wonder why it went up so much.

I was shocked by how much the Airpods cost, and yet still ended up buying a pair. Have been absolutely delighted. I guess I wasn't alone!

They aren't really that much more expensive when compared to other wireless headphones with similar features[1]. You can find 1 - https://express.google.com/u/0/product/17354370042975848293_...

Re: Apple Q2 Results

#47

Post by georgespencer » Tue, Apr 30, 2019, 10:06 PM UTC

mikece wrote: post #3

"Apple no longer reports iPhone, iPad, and Mac unit sales numbers..." Probably because they only care about revenue and profits these days, not innovation and products. Apple didn't get to where they are by optimizing the supply chain but by coming up with incredible products that everyone HAD to have. I bought an iPhone last spring because it was the least-bad option in my opinion; if the Librem 5 is a flop I don't…

> Probably because they only care about revenue and profits these days, not innovation and products

Apple seems, to me at least, to have more conviction that innovation and fantastic products lead to revenue and profits than any company operating in the consumer hardware space today. And there are plenty of comparatively awesome companies who innovate and invest in breakthrough products (Google, Tesla… Microsoft(!)).

They likely no longer split out those product categories for several reasons:

1. Their financial results are news in the mainstream media, and their customers read the mainstream media. If the ASP of an iPhone rises to $1,000 and grows revenue whilst offsetting a contraction in unit sales, it's great news for Apple and its investors, and likely not a sign of anything other than a maturing market -- but it won't be reported as anything other than stagnation or doom and gloom by the mainstream media.

2. Apple's future, and maybe the future, is not in one-off transactions. We've seen most professional and a lot of consumer software move towards subscription pricing steadily over the last decade. Hardware is going to go the same way, and Apple is preparing for that. Persuading people to stay in their ecosystem (NB not "locking people in" -- it's pretty easy to "leave" the Apple ecosystem) is going to be a combination of hardware, software, and services, and customers will be paying some sort of blended subscription which includes hardware and software. It's predictable, steady revenue for them, and it obviates the need for stupid "how many units did you ship hurr durr" conversations.

Re: Apple Q2 Results

#48

Post by jedberg » Tue, Apr 30, 2019, 10:06 PM UTC

Based on the after hours results, it looks like this might push them just over a market cap of 1 trillion again, which if I'm not mistaken would make them the only company currently over $1T.

Edit: Apparently MSFT closed at exactly $1T today, so tomorrow shall be interesting.

Re: Apple Q2 Results

#49

Post by news_hacker » Tue, Apr 30, 2019, 10:08 PM UTC

jedberg wrote: post #48

Based on the after hours results, it looks like this might push them just over a market cap of 1 trillion again, which if I'm not mistaken would make them the only company currently over $1T. Edit: Apparently MSFT closed at exactly $1T today, so tomorrow shall be interesting.

Microsoft is over $1T since a few days ago...

Re: Apple Q2 Results

#50

Post by Analemma_ » Tue, Apr 30, 2019, 10:10 PM UTC

jedberg wrote: post #48

Based on the after hours results, it looks like this might push them just over a market cap of 1 trillion again, which if I'm not mistaken would make them the only company currently over $1T. Edit: Apparently MSFT closed at exactly $1T today, so tomorrow shall be interesting.

MSFT closed at exactly 1T to two decimal places today, and is up slightly in after-hours trading, but this would be the first time we’ve had two 1T companies at the same time.