Apple on Tuesday reported financial results for its fiscal 2018 second quarter, which ended on March 31, 2018. The company posted quarterly revenue of $61.1 billion, an increase of 16 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.73, up 30 percent.
“We’re thrilled to report our best March quarter ever, with strong revenue growth in iPhone, Services and Wearables,” said Tim Cook, Apple’s CEO. “Customers chose iPhone X more than any other iPhone each week in the March quarter, just as they did following its launch in the December quarter. We also grew revenue in all of our geographic segments, with over 20% growth in Greater China and Japan.”
Apple sold 52.2 million iPhones in the quarter, up from the 50.7 million sold in the same quarter in 2017. The company sold 9.1 million iPads, up from the 8.9 million sold a year ago, and they sold 4 million Macs, down from the almost 4.2 million sold in 2017’s second quarter.
Services, which Apple has been focusing on in recent years, was up from $7 billion in the second quarter of 2017 to $9.1 billion in the most recent quarter.
Apple stock closed the day up $3.84 at $169.10 and is currently up an additional $6.80 at $175.90 in after hours trading.
“Customers chose iPhone X more than any other iPhone each week in the March quarter…”
But… but… analysts said….
Well, I guess it is dead if in September each of the 3 FaceID phones is different from the current X 😉
Yep. And that means it was a failure and Apple should have never released it. They should have put a fingerprint sensor on the back and have a bezel on the bottom.
I used to think Rob Enderle was the low point of tech analysis. I didn’t realize how much his level of analysis would be exported.
LOL APPLE IS DOOMED!
It’s surprising how many pundits were all in on that particular storyline.
Linux on the desktop – THIS IS THE YEAR.
MOUSE? TRACKBALL? I use the keyboard exclusively. GUIs are for noobs. vi for life!
I’m ready!
I can’t believe even Gruber started posting about this “iPhone X is dead” rumor, as if Samsung were reporting gospel about iPhone X sales.
You mean how many Apple-knowledgeable pundits, right?
The LOL APPLE DOOMED crowd is very, very large.
BTW, Jason Snell points out the ASP dropped from Q4, so the mix regressed towards lesser models. Which is to be expected; Q4 was pent-up demand for the X. It’s still a huge jump YoY.
The fact that the ASP did drop some, though, means the naysayers will just change their narrative slightly, not change their overall erroneous conclusion.
It’s all about Linux running on my phone docked to a monitor and keyboard because that’s all the computing anyone needs and what are ports I don’t need them I’m not sure I can continue this.
Edit: Forgot @#$%ING MOUSE. It’s docked, too. No, wait. I’m a pretentious, holier than thou asshole so of course I use a trackball.[0]
[0]: Not all trackball users are assholes.[1]
[1]: This might be a lie. Educate me, trackball users. But do so nicely. 🙂
I heard no news about these results.
Nothing on radio, tv, print or web.
So I knew they must’ve been good.
All looks good, even so, the Mac not so much.
LOL. Changing a product makes the old one dead, but it doesn’t make it a failure. And the idea of a fingerprint reader is stupid (which doesn’t mean someone wouldn’t do it… but it wouldn’t have been Apple). Putting a fingerprint reader on the back of a phone means you can’t use a case.
I hope you’re replying to the analysts I’m mocking, not me!
I’m *super* happy with Face ID and can’t wait until the iPad gets it. My fingerprint reliability is like 60-70% for whatever reason, even on the 2nd-gen sensor. The sooner fingerprint readers are no longer around, the better, as far as I’m concerned. 🙂
… also, to be perfectly pedantic, there are plenty of Android cases with a cut-out for the fingerprint reader. From what I’ve heard, it works fine. (Although dust tends to get into the case that way.)