Tags Earnings

GoPro Beats In Q2 On Strong Demand For The Hero4 Action Camera

gopro4 Today for its second-quarter financial results, GoPro reported $420 million in revenue and a net income of $35 million beating Wall Street estimates and swinging to a profit. Despite this the company traded down nearly 8 percent immediately following the release in after hours trading after closing up on the day at 62.04. Since then the company has pared its losses. Read More

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Matt Burns

July 21st

Gadgets

Fortune: AAPL earnings likely to beat analyst expectations for 9th straight quarter

aapl-q3-2015

With Apple due to report its fiscal Q3 (calendar Q2) earnings later todayFortune notes that the company has beaten Wall Street expectations for eight straight quarters – and strong iPhone sales mean that today’s earnings report is likely to make it nine.

iPhone sales typically drop in June as consumers hear more rumors about the next model and many decide to wait. But with Q3 sales estimated at close to 50M phones, representing a massive 40% year-on-year increase, that would put Apple’s revenue well in excess of the company’s own guidance of $47B and above the Wall Street consensus estimate of $49.5B … 

While Apple gave extremely conservative guidance under Steve Jobs’ leadership, the real numbers almost always far higher, Tim Cook switched to giving guidance he believed to be as accurate as possible. Asymco’s Horace Dediu observed yesterday, though, that the company has exceeded the top end of its own guidance for the past three quarters.

For the first time in many years, I feel that there is some potential uncertainty in the results Apple will announce [on Tuesday]. After a period of excellent accuracy, the company’s guidance has begun to diverge dramatically from reality and the trend might continue this quarter.

While estimates of Apple Watch sales have been extremely variable, iPhone sales are far more significant, accounting for around 70% of Apple’s total earnings. It was recently reported that Apple takes 92% of the total profits for the entire smartphone industry, and the company has been promoting the iPhone in a series of “If it’s not an iPhone, it’s not an iPhone” ads.

We’ll of course be bringing you the actual Q3 numbers as soon as they are released, together with a live blog of the earnings call. Apple last quarter reported record second-quarter sales of both iPhone and Mac, together with all-time record earnings from the App Store.

Photo: AP Photo/Jeff Chiu


Filed under: AAPL Company, iOS Devices Tagged: AAPL, Apple earnings, Apple earnings Q3 2015, Apple Inc, earnings, iPhone

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Ben Lovejoy

July 21st

Apple

Mac

Analyst estimates for Apple Watch sales all over the place, ranging from 3-6 million units

Watch_OS-time-travel

Since its launch, Apple Watch sales estimates have either shown it as doing incredibly well, or that it’s doomed to failure. Tim Cook hasn’t announced any figures yet, and may not even report them during tomorrow’s quarterly earnings call. But that won’t stop analysts guessing. If recent “estimates” are anything to go by, the financial wizards in charge of looking in to these numbers have no idea what’s going on. Estimates are all over the place…

Philip Elmer-DeWitt over at Fortune has compiled a list of 27 analyst estimates recently published, and shows just how little anyone seems to know about how well the Apple Watch is doing. Although the average is a seemingly safe 4.07 million units, the range from highest to lowest estimate is huge.

Sundeep Bajikar, a professional analyst from Jefferies, estimates Apple has sold 5.70 million Watch units. The lowest guess is just 2.85 million units, almost 3 million short of the highest estimate. And while that estimate was submitted by an amateur analyst, there are number of professionals (including Gene Munster, and KGI) who aren’t too far off that estimate. Piper Jaffray, Oppenheimer, Canaccord and Credit Suisse financial analysts have all submitted estimates of 3 million units. Still some way off the highest guess.

Screen Shot 2015-07-20 at 12.40.54

The long and short of this is that nobody seems to know anything. It would be normal to see variations like these estimates for iPad sales, which typically sell in to the double figures (of millions). But to see the highest guess at double the number of the lowest is virtually unheard of.

Apple will announce its quarterly earnings for Q3 2015 tomorrow. Whether or not Tim Cook announces Watch figures is yet to be seen. Last fall, Tim Cook is quoted as saying that he’s “not anxious in reporting a lot of numbers on Apple Watch, because competitor’s look for it.” If he sticks to that tune, we’ll be guessing for a little while yet.


Filed under: Apple Watch, iOS Tagged: analysts, Apple Inc, Apple watch, earnings, Fiscal year, Fortune (magazine), Philip Elmer-DeWitt, Q3 2015

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Cam Bunton

July 20th

Apple

Mac

Apple schedules Q3 2015 earnings call livestream for July 21

Screen Shot 2015-06-29 at 7.15.25 PMApple has just announced that its fiscal third quarter earnings call will take place on Tuesday, July 21st at 2PM PT/5MP ET. The call will report earnings from the three month period ending this month.

Last quarter, Apple announced sales of 61.1 million iPhones, 12.6 million iPads, and 4.5 million Macs. The company reported revenue of $58 billion, including $13.6 billion in profit. Apple didn’t disclose sales for the Watch last quarter, and it seems unlikely that the company will do so this quarter either.

Apple will be hosting a conference call with investors and press and will also live stream audio from the call on its website, which of course we will have live coverage of. The live broadcast of the call will be available here on Apple’s website.


Filed under: AAPL Company Tagged: Apple, earnings, earnings call, Q3

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Chance Miller

June 29th

Apple

Mac

GoPro Drops 4% After Reporting Better Than Expected Q1 Profit And Revenue

gopro-earnings GoPro made money last quarter, beat on revenue and is still down after hours. The company reported $363.1 million in first quarter revenue, and net income of $16.75 million, is off 4 percent after regular trading pushed its shares up by the same percentage. Why is it trading down? It isn’t wildly clear, to be frank. The market expected that the company would generate less revenue… Read More

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Alex Wilhelm

April 28th

Gadgets

Live blog: Apple’s Q1 2015 earnings call

tim-cook-apple-watch

As promised, Apple will hold its quarterly conference call with investors and analysts at 2 p.m. PT/5 p.m. ET to discuss its fiscal year 2015 second quarter results. These numbers include sales of 61.1 million iPhones, 12.6 million iPads, and 4.5 million Macs. Apple also reported $58 billion in revenue during FY 2015 Q2. During the latter half of the call, analysts and investors will have the opportunity to ask Tim Cook and company questions regarding today’s results and Apple’s future. While today’s earnings do not include Apple Watch sales and Apple doesn’t plan to disclose sales numbers, expect Tim Cook to at mention the company’s latest device. Stay tuned for our live coverage below:

Earnings results are up!

– Waiting music is also live. You can listen at home here or refresh to follow our coverage below as the call progresses.

– 11 minute warning!


Filed under: AAPL Company Tagged: AAPL, Apple, Apple watch, earnings, earnings call, iPad, iPhone, luca maestri, Mac, Q2, results, Tim Cook

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Zac Hall

April 27th

Apple

Mac

Apple Mac Sales Up 10% YoY Despite Global Decline In PC Shipments

macbook-name Apple sold approximately 4.6 million Macs this quarter, according to the company’s Q2 2015 earnings report, released today. This represents year-over-year growth of 10 percent, with 4.1 million Macs sold in the same quarter last year. Last quarter, over the holidays, Apple sold 5.5 million Macs, meaning that Apple Mac sales declined by 17 percent quarterly. Read More

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Jordan Crook

April 27th

Apple

Gadgets

Apple’s 61M iPhone Sales Lead Q2 2015 Hardware Performance

iphone-6-6-plus-5s-side Apple’s iPhone 6 and 6 Plus continue their hit parade, building on a massive first quarter of 2015 with a very strong second quarter total of 61.2 million handsets sold. This isn’t an all-time quarterly record, but it’s normal to see a slight decrease quarter-over-quarter coming out of a launch sales period, and this is a huge increase year-over-year compared to the 43.7… Read More

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Darrell Etherington

April 27th

Apple

Gadgets

Apple Beats In Q2 2015 With $58B Revenue, $13.6B Profit And $2.33 EPS

apple-earnings-green Apple has just released its fiscal Q2 2015 earnings, reporting $58 billion in revenue, $13.6 billion in net profit representing $2.33 per share. Compared to the year-ago quarter, it corresponds to a growth of 27.2 percent in revenue, and an impressive 40.4 percent jump in EPS (adjusted for the 7-for-1 split). Expectations were pretty high following Apple’s blockbuster quarter three… Read More

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Romain Dillet

April 27th

Apple

Gadgets

Two days after AAPL hits highest market cap ever, billionaire investor Carl Icahn values it at $1.3 trillion

aapl

Two days after Apple set a new record for the highest market capitalization of any company, valuing it at more than $700B, billionaire investor Carl Icahn has suggested the true value of the company is close to double this, at $1.3T.

Icahn, who is one of the company’s ten biggest shareholders with stock worth around $6.5B, says that a realistic valuation of the company would be 20 times its earnings per share. Factoring in Apple’s cash reserves of $178B, that would give a share price of $216–for a total company value of $1.3T.

Icahn notes that while he has previously been criticized for over-optimistic valuations of AAPL, 31 analysts have “dramatically increased” their earnings-per-share estimates in the past fortnight.

We have gained further confidence in our thesis, increasing the forecasted EPS for FY 2015 in our model from $9.60 to $9.70, and now believe the market should value Apple at $216 per share.  This is why we continue to own approximately 53 million shares worth $6.5 billion, and why we have not sold a single share.

Icahn has consistently urged Apple’s board to increase the pace of its stock buyback program, his last call coming at a time when the shares were trading at $100. At the time of writing, shares were trading at $124.88. Apple recently set another world record, announcing the highest ever quarterly profit of any company.


Filed under: AAPL Company Tagged: AAPL, Apple financials, Apple Inc, Carl Icahn, earnings, Earnings per share, Market capitalization, Share price

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Ben Lovejoy

February 12th

Apple

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