Turbotodd

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

A Cold Apple

leave a comment »

I feel for you people living in Chicago and Minneapolis and other parts in the north.  I though 51 below 0 was reserved for the North or South Pole.

Stay warm, keep those body parts covered, wear goggles.

I knew there was a reason I moved back to Texas.

I was about to go off and write a post-Davos artificial intelligence or 5G screed, but I’ve been too busy at work, so they’ll have to wait.

Instead, I wanted to take a quick glance at Apple’s earnings announced after the market closed yesterday.

The headline from Apple’s earnings release was that revenue was down 5 percent from the year-ago quarter, to $84.3 billion, with revenue from the iPhone having declined 15 percent from the prior year.

But revenue from all other products and services grew 19 percent.

Revenue from China dropped 27 percent from a year ago, down from $13.17 billion to $17.96 billion. 

According to a report from CNBC:

Investors had feared slowing sales in China since CEO Tim Cook warned earlier this month of economic pressures in the region that led the company to lower its guidance for the quarter. In addition to weak iPhone sales, Cook blamed trade tensions between the U.S. and China for the slowdown in sales.

“If you look at our results, our shortfall is over 100 percent from iPhone and it’s primarily in greater China,” Cook told CNBC’s Josh Lipton in an interview following the Apple’s revised guidance announcement. “It’s clear that the economy began to slow there for the second half and what I believe to be the case is the trade tensions between the United States and China put additional pressure on their economy.”

The earnings broke the same day that Apple conceded it had a major security flaw in its FaceTime app, discovered earlier this month by a 14-year old student in Arizona.

Apple has disabled the Group FaceTime feature while it works on a fix.

Written by turbotodd

January 30, 2019 at 10:51 am

Posted in 2019, apple

Tagged with ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: