Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Archive for February 1st, 2018

Apple Earnings

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Apple announced its fiscal 2018 first quarter earnings this afternoon, posting quarterly revenue of $88.3 billion, a 13 percent YOY increase and all-time record. International sales accounted for 65 percent of its quarter’s revenue, according to a press release put out by Apple.

We’re thrilled to report the biggest quarter in Apple’s history, with broad-based growth that included the highest revenue ever from a new iPhone lineup. iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November,” said Tim Cook, Apple’s CEO. “We’ve also achieved a significant milestone with our active installed base of devices reaching 1.3 billion in January. That’s an increase of 30 percent in just two years, which is a testament to the popularity of our products and the loyalty and satisfaction of our customers.

9to5 Mac helped break Apple’s unit sales down by product line:

  • 77.3 million iPhones
  • 13.2 million iPads
  • 5.1 million Macs

The company earned $20.1 billion in profit.

But Engadget notes that this was “the first time iPhone sales have declined during a holiday quarter since the phone launched, best as we can tell,” suggesting an iPhone market saturation.

Yet even if Apple overshot its forecast for iPhone X sales and is ramping down production, “Apple says the iPhone X has been the top-selling iPhone every week since it shipped in early November.”

One other bright spot: The “other products” category, which includes the Apple Watch, AirPods, Beats hardware, and other products, where revenue increased 70 percent YOY up to $5.5 billion.

Perhaps AirPods have finally hit their stride, with supply now starting to finally match demand (they appeared 6-week backlogged for the better part of a year!).

Written by turbotodd

February 1, 2018 at 4:01 pm

Posted in 2018, apple, earnings

Tagged with , , ,

Apple Loses a Signal

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TechCrunch is reporting that the Telegram messaging apps appear to have breached Apple’s App Store guidelines and are currently unavailable for download on iOS. 

According to TechCrunch, it’s not apparently clear what the problem is, but Telegraph founder Pavel Durov tweeted that it related to “inappropriate content.”

“We were alerted by Apple that inappropriate content was made available to our users and both apps were taken off the App Store. Once we have protections in place we expect the apps to be back on the App Store,” he wrote.

Journalists, human rights activists, and terrorists everywhere are likely shaking in their boots.

As The Verge writes:

Due to the secretive nature of messages on Telegram, it has been widely criticized by governments around the world for becoming the messaging “app of choice” for terrorists. Telegram was forced to create a team of moderators in Indonesia to remove “terrorist-related content” after the Indonesian government threatened to ban the messaging app.

Written by turbotodd

February 1, 2018 at 11:00 am

Posted in 2018, encryption

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Facebook’s Lost Users

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While Facebook’s revenue was up from Q4 last year some 47 percent, to $12.97 billion, like many other companies this earnings season it took a $2.27 billion charge due to the tax overhaul.

But more notably, Recode is reporting the company actually lost users for the first time ever in the U.S. and Canada, dropping from 185 million to 184 million in the fourth quarter from the previous one.

And as Recode points out, it’s a small drop in a market dominated by Facebook.

Facebook itself also put out a press release indicating that the company had shown fewer viral videos, which also reduced time total time spent by ~50 million hours every day.

Yeah, let that one hang out there in your head for a minute.

So what’s the good news? Facebooks Monthly Average Users reached 2.13 billion (another mind bender), up 14 percent year-over-year.

CEO Mark Zuckerberg has been out and about attempting to sooth the worries of the Street, indicating that having people spend less time on the site is actually a good thing.

As quoted in a New York Times story:

“I believe that the time spent on Facebook will be more valuable,” Mr. Zuckerberg said in a conference call with analysts. “If people interact more, it should lead to stronger community. When you care about something, you’re willing to see ads to experience it.”
– via www.nytimes.com

The Times highlights the scrutiny the company has been under since it announced in January changes to its News Feed, wanting to emphasize more “meaningful” content, including showing more posts and photos that one’s friends and families have interacted with.

Does that mean skateboarding bulldogs are about to make a comeback?!!

Turbo’s Take: This chatter all much ado about nothing. Speaking of dogs, when it comes to digital advertising worldwide, Google and Facebook are still the big ones in the room, and I don’t see that changing anytime soon. In fact, quite the opposite: By restricting publishers and organizations’ organic News Feeds, they’re going to be forced to pay to play moreso on Facebook than ever. In the meantime, we’ll see if Zuck’s new friends and family focused plan pays off, and in the process stays out of the headlights of the 2018 midterm campaign season and election.

Written by turbotodd

February 1, 2018 at 10:16 am

Posted in 2018

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