Apple delivers higher profit as iPhone X launches

Posted November 03, 2017

IPhone sales were once again top of mind when Apple released the earnings report for its fiscal fourth quarter Thursday, and the company didn't disappoint investors: Apple sold 46.7 million iPhones during its most recent quarter, which is 1.2 million more than during the same time past year. The company's revenues were up 12 percent compared to the year-ago quarter (see "Despite $9 Billion Profit, Apple Revenues Slump Again in Q4 2016", 25 October 2016).

Apple is expected to report earnings of $1.87/share on $51.17 billion in revenue. The real question is: Can Apple fulfill demand, or will sales be hampered by previously-reported supply chain issues?

SHANGHAI/BEIJING, Nov 1 (Reuters) - Gu Xiaomeng, a 24-year-old primary school teacher in the eastern Chinese city of Suzhou, says she's excited about the new iPhone X, set to go on sale on Friday.

Q1 revenue guidance: $84.9 billion expected by Thomson Reuters. While the company usually doesn't have to work too hard to promote its new devices, today Apple released a roundup of the top favorable quotes from sites like CNET, The Verge and TechCrunch. That's higher than it expected during the same period past year, $76 billion and $78 billion, and slightly above analyst expectations. The 8 went on sale at the very end of the most recent quarter.

Here are your Games with Gold for November 2017
We've shot a full unboxing so you can see what you'll get in that box, when you peel your open in a couple of weeks. The only drawback is that online multiplayer will no longer work, as numerous game servers have been closed down.

On a conference call with analysts Thursday, Apple CEO Tim Cook said pre-orders for the iPhone X have been "very strong". Apple has been flirting with a trillion-dollar valuation, and had a value of $868 billion at market close. It competes with a range of revamped Echo speakers from Amazon.com Inc. and Google's Home devices. "I think you would find you could buy an iPhone X for $33 a month", he said.

It's the first time that Apple has staggered the release of new handsets that were unveiled at the same time.

The organic light-emitting diode technology used in iPhone X screens is now sourced from just one supplier, Samsung Display Co., while the array of components used to make the three-dimensional sensor have never previously been manufactured in the quantities required for the iPhone X, and suppliers have struggled to ramp up production effectively. "We are expecting the iPhone X sales will commence in the evening this year as well", he told IANS. Sales of iPads continued to bounce back after a slump, with revenue up 14%. Device sales reached 46.677 million for iPhone, 10.326 million for iPad and 5.386 million for Mac.