Samsung today revealed that it predicts the second quarter of 2017 was the best in its history in terms of profit. The South Korean company believes it raked in around 14 trillion won (approx. $12.1 billion), thanks in part to growing demand for its mobile memory chips. Samsung expects sales of approximately 60 trillion won (approx. $52.2 billion) for Q2 2017, which is an increase of...
Apple is flushed with cash, reports the Wall Street Journal, and is expected to announce reserves of more than $250 billion in Tuesday’s earnings report. That’s enough, the Wall Street Journal says, to outstrip the market values of both Wal-Mart Stores Inc. and Procter & Gamble Co., and to exceed the foreign-currency reserves of the United Kingdom and Canada combined. The company...
I like to call it like I see it, but sometimes I get things wrong. Case in point: late last year I wrote an editorial titled “Apple is lost.” I believed it. A lot of our readers agreed, though some (fairly) did not. Last night, Apple proved me wrong. If you missed it, Apple published its fiscal first quarter 2017 earnings after the bell on Tuesday afternoon. It was a gang-buster...
Apple just announced its fiscal first quarter 2017 earnings. The Wall Street consensus was calling for an earnings per share of $3.21 on quarterly revenue of $77.38 billion, according to Thomson Reuters. Apple reported an EPS of $3.36 on revenue of $78.4 billion, beating Wall Street’s expectations on the top and bottom. During fiscal Q1 2016, Apple sold a record 74.8 million iPhones,...
Jon Rettinger recently appeared on CNBC to discuss Apple’s third quarter 2016 earnings report. The company reported selling 40.4 million iPhones in the quarter beating out analyst estimates. $42 billion is certainly nothing to scoff at, but is Apple just resting on it laurels? Over last year, Apple has seen a decline in sales of iPhones and Macs, while seeing an increase in iPad sales...
During its earnings call on Tuesday, Apple revealed that the Apple Music service now boasts 13 million paying subscribers worldwide. A whopping 2 million of those joined in the last two months alone, which suggests momentum is good for the streaming service right now. iPhone sales may have fallen, giving Apple its first decline in revenue in 13 years, but the Cupertino company's...
BlackBerry launched its most exciting smartphone in years early last month, and according to early reports, it has been selling well. We’ll find out exactly how well on Friday, December 18, with BlackBerry set to reveal its initial Priv sales figures in its third quarter earnings results. Priv is BlackBerry’s first smartphone powered by Android, and the only Android device (at least in...
Microsoft this week revealed its financial report for the first quarter of fiscal year 2016, and it's not good news for the Lumia business. Smartphone revenue declined a staggering 54 percent over the three-month period off the back of just 5.8 million sales. In the previous quarter, Microsoft sold 8.4 million units, which signaled an increase for the first time since the holiday...
Apple just reported its second quarter earnings for 2015, beating analyst estimates with $58 billion in revenue. The Cupertino company sold 61.2 million iPhones and boasted an earnings per share (EPS) of $2.33. The company was expected to announce $56.03 billion in revenue, and Wall Street predicted just 58.1 million iPhones would be sold in Q2. However, Mac sales only hit 4.56 million...
Apple's Q1 2015 earnings report is here and the company pretty much crushed Wall Street expectations. Cupertino reported a total revenue of $74.6 billion, beating an expected $67.5 billion for an increase of 30 percent compared to Q1 2014. It also boasted an impressive earnings per share of $3.06, crushing estimates of just $2.60 EPS and marking a 48 percent increase year-over year....