Social Media Sidebar


Please sign up, comment on articles and bring your friends!

Current poll

PlanetTech is asking:

What do you think about our new web site?

Love it, indeed
Really good solution
Same as old one
The old one was better
This is a new option

Quote of the day

Just because something doesn’t do what you planned it to do doesn’t mean it’s useless.


Thomas Edison

Apple Q4 2018 earnings call: iPhone XS and Apple Watch fueled growth

Posted in Business on 3rd Nov, 2018 05:02 AM by Alex Muller

Apple’s revenues for the quarter were up sharply, roughly 20 percent over the year-ago quarter, and Maestri is predicting that an additional $89 billion to $93 billion will flood the company’s coffers during the always-lucrative holiday season. The bad news:


iPhone sales were flat for the past quarter, iPad and Mac sales were down, and the most significant growth came from “Other Products” and services — likely the Apple Watch, Apple Music, and Apple Pay. Moreover, Apple’s growth appears to be coming at least as much from price hikes as from new customers.


2018 wrap-up: iPhone, Services, and Apple Watch

Cook opened the call by discussing the big picture for the year, noting that the company’s seen its highest growth rate in three years this quarter, with the iPhone, wearables, and services driving momentum. Continued strong sales of the iPhone 8, 8 Plus, and X, plus the successful launches of XS and XS Max made that possible, Cook said.


He noted that iPhone XR will bring the A12 Bionic’s breakthroughs to even more users, and iOS 12 has been installed on more systems in its first month than any iOS version ever. Later, Maestri mentioned that the iPhone’s average selling price (ASP) is now a remarkable $793, above even analysts’ estimates in the $750 range.


Sales across basically all of Apple’s services improved, said Cook, with Apple Pay as a standout. Transaction volume tripled year-over-year and generated 4 times the growth rate of PayPal Mobile, surpassing it in transactions. In the U.S., 71 of the top 100 merchants now support Apple Pay, and Apple is trying to replace the wallet for student IDs, plus Apple Pay Cash is the highest-rated person-to-person payment system.


Maestri added that there are now 330 million paid subscriptions on Apple’s platform, up 50 percent over a year ago, and 30,000 paid subscription apps are now out there, with the largest offering less than 0.3 percent of total services revenue.


Wearables, including Apple Watch, AirPods, and Beats products, showed huge growth. Cook said that Apple Watch Series 4 has seen great consumer response, and the ECG app is coming “later this year” to let users take electrocardiograms at any time; earlier Watch models will soon gain support for arterial fibrillation detection, as well.


Cook also wanted to point out two items outside the financial statements: Over 5,000 schools worldwide are now using Apple’s free coding curriculum: Everyone Can Code. Educators in over 350 schools are now using Everyone Can Create, tools that help kids use iPads to be creative. Additionally, Apple says it’s proud to be using 100 percent renewable energy in its facilities and 100 percent recycled aluminum in some of its products.


Nearly half of iPad buyers during the quarter were new to iPad, Maestri noted. On the enterprise front, over 450 airlines have adopted iOS to help make flights safer, and some are using it for superior passenger experiences. And iOS devices are increasingly being used in retail to provide superior shopping experiences. Apple’s deal with Salesforce will bring its devices even deeper into the enterprise market.


Major accounting changes

Starting in December, Maestri noted that Apple will no longer break down unit sales for iPhones, iPads, and Macs. Additionally, he said Other Products will become “Wearables, Home, and Accessories” to better capture the products in that category. The company will also be reclassifying its accounting in a manner that will change the way it recognizes bundled products and services, in compliance with new accounting rules. Apple will disclose both the revenues and costs for providing services, in addition to products. Revised financial statements on this will follow.

Tags: ApplebusinessiPhoneiPadApple Watch

Read original article » Back to category



Recent headlines

  • Posted in Hardware on 2019-01-19 15:00:04
    SpaceX Orbital Starship Prototype Built By June 2019 more
    Posted in Hardware on 2019-01-19 14:18:47
    Apple and Samsung Hardest Hit as Smartphone more
    Posted in Science on 2019-01-05 00:26:50
    China Lands Chang'e 4 on the Far Side of the more
    Posted in Science on 2018-12-31 00:24:45
    Support for Human Gene Editing to Fix Diseases in more
    Posted in Science on 2018-12-31 00:15:06
    Will Mimicking The Nervous System Advance more
Posted in Business on 2013-10-10 01:33
China is working towards a manned lunar mission in more
Posted in Business on 2013-10-20 07:17
Spacex says China is their main competitor for more
Posted in Software on 2013-10-20 06:43
Pirate Bay Browser Clocks 1,000,000 more
Posted in Medicine on 2013-10-10 02:10
Google reportedly investing hundreds of millions into more
Posted in Medicine on 2013-10-14 03:13
Endothelial Cells Can Repair and Regenerate Organs, more
Posted in Science on 01.01.2010
Spacex says China is their main competitor for more
Posted in Science on 01.01.2010
Staring at Your Phone Could Be Making You Short more
Posted in Science on 01.01.2010
Oculus Rift virtual reality headset coming to mobile, more
Posted in Science on 01.01.2010
China is working towards a manned lunar mission in more
Posted in Science on 01.01.2010
Delivering drugs via nanoparticles to target more

Recent Blog Posts

  • Posted by AlexMuller
    Even light drinking increases risk of more
    Posted by AlexMuller
    Researchers have discovered how to slow more
    Posted by AlexMuller
    Human retinas grown in a dish explain how color vision more
    Posted by AlexMuller
    The smartphone app that can tell you’re depressed before more
    Posted by AlexMuller
    Neural networks don’t understand what optical illusions more

Login to your Account

Login to your PlanetTech Account here

Remember me

Create a New Account

You just need username and password

The following errors occured:
Verify password:
Remember me