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Apple Reports Record Results: $18.4B Profit on $75.9B in Revenue for Q1 2016 on 74.8M iPhones - Mac Rumors;

Apple Reports Record Results: $18.4B Profit on $75.9B in Revenue for Q1 2016 on 74.8M iPhones - Mac Rumors

Mac RumorsApple Reports Record Results: $18.4B Profit on $75.9B in Revenue for Q1 2016 on 74.8M iPhonesMac RumorsApple today announced financial results for the first fiscal quarter of 2016, which corresponds to the fourth calendar quarter of 2015. For the quarter, Apple posted revenue of $75.9 billion and net quarterly profit of $18.4 billion, or $3.28 per ...and more »

Apple Expects First Ever Decline of iPhone Sales Next Quarter - Mac Rumors;

Apple Expects First Ever Decline of iPhone Sales Next Quarter - Mac Rumors

Mac RumorsApple Expects First Ever Decline of iPhone Sales Next QuarterMac RumorsApple CEO Tim Cook confirmed during the company's financial earnings conference call today that iPhone sales will likely decline in the March quarter, marking the first year-over-year decline since the smartphone was released in June 2007. The decline ...and more »

Apple and the Terrible, Horrible, No Good, Very Bad, Record-Breaking Quarter - BGR;

Apple and the Terrible, Horrible, No Good, Very Bad, Record-Breaking Quarter - BGR

BGRApple and the Terrible, Horrible, No Good, Very Bad, Record-Breaking QuarterBGRApple bloggers typically have trouble understanding the market's reaction when things turn south after Apple reports a phenomenal quarter, but even they understood investor trepidation following Apple's quarterly report on Tuesday afternoon. At $18.4 ...and more »

Apple's iPhone earnings “stall” was inevitable - SlashGear

Apple's iPhone earnings “stall” was inevitableSlashGearFor the first time since the iPhone was introduced, growth appears to have stalled. In Apple's earnings call for their financial Q1, 2016, they've revealed that the iPhone's growth (year-over-year) sits at 0% for unit sales growth and just 1% for ...and more »

No Need to Fret, Apple Is Doing Fine - New York Times;

No Need to Fret, Apple Is Doing Fine - New York Times

New York TimesNo Need to Fret, Apple Is Doing FineNew York TimesLet's get this out of the way first: Despite what you may have heard, the iPhone is not dying. Neither, by extension, is Apple. It's true that in an earnings report on Tuesday, after weeks of speculation by Wall Street that iPhone sales would finally ...and more »

Dual Camera iPhone 7 Plus Could Offer 'DSLR-Like' Quality, 3D Depth Mapping - Mac Rumors;

Dual Camera iPhone 7 Plus Could Offer 'DSLR-Like' Quality, 3D Depth Mapping - Mac Rumors

Mac RumorsDual Camera iPhone 7 Plus Could Offer 'DSLR-Like' Quality, 3D Depth MappingMac RumorsEarlier today, reputable KGI Securities analyst Ming-Chi Kuo said the iPhone 7 Plus will likely have a dual-lens camera system based on technology Apple acquired from LinX Imaging. The new hardware could lead to some significant improvements in ...and more »

Questor share tip: The most worrying chart for Apple right now - Telegraph.co.uk;

Questor share tip: The most worrying chart for Apple right now - Telegraph.co.uk

Telegraph.co.ukQuestor share tip: The most worrying chart for Apple right nowTelegraph.co.ukApple $95.31 -$4.67. Questor says SELL. Shares in Apple [NASDAQ:AAPL] tumbled more than 4pc yesterday after the company warned that sales are set to slow for the first time in 13 years. Questor is concerned that the world's most profitable company is ...and more »

The iPhone 7 Might Get A Dual-Camera System To Take Better Photos - TechCrunch;

The iPhone 7 Might Get A Dual-Camera System To Take Better Photos - TechCrunch

TechCrunchThe iPhone 7 Might Get A Dual-Camera System To Take Better PhotosTechCrunchApple will likely unveil the iPhone 7 in September 2016, and a new rumor has surfaced about the camera. According to Ming-Chi Kuo from KGI Securities, the iPhone 7 Plus will come with a dual-lens system option and leverage LinX's technology.and more »

Apple is trying to change its story, and it will not work - Business Insider;

Apple is trying to change its story, and it will not work - Business Insider

Business InsiderApple is trying to change its story, and it will not workBusiness InsiderThe iPhone is out of growth, so Apple wants to be seen as a services company like Amazon, Facebook, or Google. For Apple, services include things like app sales, iCloud revenue, Apple Pay, Apple Music, and iTunes. This is a wonderful idea, but there's ...and more »

Apple iPhone sales flatline as growth falls well short of expectations - The Guardian;

Apple iPhone sales flatline as growth falls well short of expectations - The Guardian

The GuardianApple iPhone sales flatline as growth falls well short of expectationsThe GuardianAn iPhone 6 Plus. Sales of iPhone account for fully two-thirds of Apple's revenues. Photograph: Richard Levine/Demotix/Corbis. Apple. Apple iPhone sales flatline as growth falls well short of expectations. Sales of its top-selling device grew by only 0 ...and more »

Apple stock dives after iPhone sales' growth slows dramatically - Los Angeles Times;

Apple stock dives after iPhone sales' growth slows dramatically - Los Angeles Times

Los Angeles TimesApple stock dives after iPhone sales' growth slows dramaticallyLos Angeles TimesShares of Apple Inc. took a dive the morning after the tech giant reported disappointing quarterly results that showed its revenue growth slowing dramatically and iPhone sales hitting a wall. Apple stock tumbled as much as 5.4% to $94.61 on Wednesday ...and more »

China's consumers deliver for Apple—but for how long? - CNBC;

China's consumers deliver for Apple—but for how long? - CNBC

CNBCChina's consumers deliver for Apple—but for how long?CNBCAs analysts and investors eye prospects for Apple stock, many are drilling down on the company's sales and earnings prospects in China, its biggest overseas market. On Wednesday, the company's stock was down as much as 5 percent, a day after the tech ...and more »

As iPhone sales slow, what's in the future for Apple? - Christian Science Monitor;

As iPhone sales slow, what's in the future for Apple? - Christian Science Monitor

Christian Science MonitorAs iPhone sales slow, what's in the future for Apple?Christian Science MonitorApple announced its best quarter yet on Tuesday, but will the company be forced to strategize as iPhone sales flatline? The company announced $18.4 billion in profit, and $74.8 million in iPhone sales for Apple's first quarter of fiscal year 2016 ...and more »

Wall Street adjusts Apple expectations after Tim Cook 'rips the Band-Aid off' - Apple Insider;

Wall Street adjusts Apple expectations after Tim Cook 'rips the Band-Aid off' - Apple Insider

Apple InsiderWall Street adjusts Apple expectations after Tim Cook 'rips the Band-Aid off'Apple InsiderThough Apple had a respectable December quarter, the company's outlook for the following three months calls for iPhone sales to decline for the first time ever. Analysts on Wall Street responded by trimming their price targets, though most still ...and more »

A Small Part of Apple's Business Is As Big As Starbucks - TIME;

A Small Part of Apple's Business Is As Big As Starbucks - TIME

TIMEA Small Part of Apple's Business Is As Big As StarbucksTIMEThe Cupertino, Calif. firm narrowly dodged the iPhone's first ever sales drop, with revenue from the device up just 1% year-over-year. Growth in China, the company's second-largest source of revenue, is slowing amid economic turmoil there (a strong ...and more »

Apple's new $20 billion business - CNNMoney;

Apple's new $20 billion business - CNNMoney

CNNMoneyApple's new $20 billion businessCNNMoneyWith so much focus on how many iPhones, iPads and Macs Apple sells, it's easy to forget that Apple continues to make a ton of money on its customers even after they walk out the door with their iGadgets. When customers turn on their Apple devices, they ...and more »

Apple's Tim Cook speaks: 6 juicy revelations - CNET;

Apple's Tim Cook speaks: 6 juicy revelations - CNET

CNETApple's Tim Cook speaks: 6 juicy revelationsCNETApple CEO Tim Cook loves it when people jump from Android devices to the iPhone. Josh Miller/CNET. You'd think Apple CEO Tim Cook would take a victory lap after his company reported the most profitable quarter in history, again. Instead, Cook used ...and more »

Apple Earnings: A Closer Look At What the Numbers Mean - Nasdaq;

Apple Earnings: A Closer Look At What the Numbers Mean - Nasdaq

NasdaqApple Earnings: A Closer Look At What the Numbers MeanNasdaqApple (AAPL) released its Q1 2016 earnings, which covers the period from October to December. The company posted a record quarterly revenue of $75.87 billion and record quarterly net income of $18.4 billion or $3.28 per diluted share. The revenue ...and more »

Tim Cook explains why iPhone sales will decline for the first time in history - BGR;

Tim Cook explains why iPhone sales will decline for the first time in history - BGR

BGRTim Cook explains why iPhone sales will decline for the first time in historyBGRAs is typically the case, the strength of Apple's recent earnings report really depends on how you choose to prioritize the report's more important data points. On one hand, for example, Apple just posted the most successful quarter in corporate ...and more »

Here's why Apple sells 16GB iPhones and iPads (and why they're not going anywhere) - ZDNet

Here's why Apple sells 16GB iPhones and iPads (and why they're not going anywhere)ZDNetApple's financials for Q1 16 are out, and while on the surface it seems that Apple had a very good quarter, the truth is that iPhone sales appear to have stalled, and iPad sales are in a nosedive. Now 75 million iPhone sales, and a further 16 million ...and more »