Apple no longer wants to say how many iPhones it sells

Share
Apple no longer wants to say how many iPhones it sells

The change apparently was triggered by Apple's frustration with investors' fixation on its iPhone sales while glossing over other key areas, such as the robust growth in its services division that collects commissions on app sales and handles subscriptions to its music-streaming service.

In the year-ago quarter (Q4 2017), Apple earned $52.58 billion in revenue.

The disappointing forecast by the world's most valuable technology company helped send shares down as much as 7 percent, taking roughly $70 billion off Apple's market value and forcing that value below $1 trillion.

This newly formulated section will comprise of Apple Watch, HomePod and Beats. Before the year is out, support will also be provided for the 15-inch MacBook Pro with Retina display (launched in 2012), the 13-inch Retina MacBook Pro models launched in late 2012 and early 2013, the 2012 Mac Pro, and the GSM-only model of the iPhone 5. That was a disappointment, considering there were no big iPhone launches in the same period previous year.

Chief financial officer Luca Maestri said Apple also faces some supply uncertainty related to the roll-out of its latest products. "And so I think, or at least the way that I saw these, is each one of the emerging markets had a bit of a different story".

Dan Morgan, senior portfolio manager at Synovus Trust, called the forecast "discouraging" given broader concerns on Wall Street about slowing global growth, trade tariffs and foreign exchange rates. Apple CEO Tim Cook Justifies High Prices of iPhone XS Max, iPhone XS & iPhone XR.

The decision to stop reporting unit sales of the iPhone, in particular, was viewed by many Apple analysts as evidence that the company knows that while sales of iPhones are flattening, and may decline, Apple believes it can make up for such a scenario with higher average selling prices.

Apple will no longer reveal unit sales data regarding its devices.

Apple said it expects between $89 billion and $93 billion in revenue for its fiscal first quarter ending in December, with a midpoint of $91 billion coming in below Wall Street expectations of $93 billion, according to IBES data from Refinitiv.

For the new Pilot programme, Apple will only be offering repairs for vintage devices based on part availability.

The company also posted just a slight bump in the ever-important metric of iPhone sales, selling just under 47 million units.

However, the results come at a time when tech stocks, and the market overhaul, have faced significant turbulence.

Eight brokerages cut their price targets for Apple, but only one - Bank of America Merrill Lynch - cut its rating on the stock, to neutral from buy.

Share

Advertisement

Related Posts

West Indies all-rounder Andre Russell ruled out of India T20 series
India vs West Indies match will be aired on Star Sports Network, some of the channels being Star 1, Star 1 HD, Star 1 Hindi, etc. Pant is expected to fulfil the wicket-keeping responsibilities while Karthik could take on one of the positions in the outfield.

Nigerian Army Cites Trump In Its Defense Of Killing Protesters
According to video footage, heavily armed soldiers opened fire after protestors hurled rocks at them. They captioned it: " Please Watch and Make your Deductions ".

Yemeni govt commits to peace effort as coalition stays silent
More than 3 million have been forced to flee their houses, and a cholera epidemic is raging. A Saudi-led coalition allied with the government has been fighting the Houthis since 2015.

Ariana Grande Addresses Ex-Boyfriends, Talks Self-Love On "Thank U, Next"
The promo was met with backlash from Grande herself , who tweeted out criticism toward her ex after the promo was released. Over a series of tweets on Saturday, Grande revealed her fifth album will be titled, Thank U, Next .

Trump risks backlash in zeal for deal to end China trade war
US President Donald Trump and his Chinese counterpart Xi Jinping have expressed optimism about resolving a bitter trade dispute, following a phone conversation between the two leaders.

Global smartphone shipments down
IDC found that shipments were down once again in the quarter, making Q3 the fourth consecutive quarter of year-over-year decline. Another highlight of the report is top Chinese smartphone manufacturers' declining reliance on domestic markets.

Woman, 22, filmed choking out bouncer after wrongly thinking he groped her
In footage from inside the club, LaGrave she is seen chatting to her friend next to the bar before she turns around to dance. Lagrav stands up and walks away as the bouncer stays on the ground for a few seconds before slowly getting to his feet.

Ahead of Diwali, Delhi's Air Quality continues to alarm citizens
Civil construction has also been suspended, while stone crushing units and hot mix plants have been shut. Ban on construction and excavation (digging) activities.

Potential Arsenal lineup against Liverpool: Guendouzi suspended; Ramsey, Aubameyang start
Alongside him, Lucas Torreira will provide more urgency and energy against a similar high-voltage Liverpool midfield. Liverpool created countless chances and saw a perfectly good goal from Sadio Mane incorrectly ruled out for offside.

Researchers claimed to have found link between cell phones and cancer
The lowest level of radiation used was the maximum exposure allowed for cellphone users by federal regulations. The levels the rodents experienced were far higher than people are typically exposed to.

© 2015 ExpressNewsline. All Rights reserved.