If you're new to AirPods, considering buying a pair, or just want to pick up some new tips.
AirPods and AirPower: Everything We Know
AAPL Stock Recoups Losses Incurred After Tim Cook Slashed Apple's Revenue Guidance
AAPL shares are currently trading above the $157 mark on the intraday market, recouping virtually all losses incurred since Apple CEO Tim Cook slashed Apple's revenue guidance by up to $9 billion for the first quarter of its 2019 fiscal year.
AAPL closed at $157.92 on January 2, immediately prior to Cook revealing the shortfall in an after-hours letter to shareholders, and is now trading just cents below that level. The stock has gradually recovered over the past two weeks since establishing a new 52-week low of $142 on January 3.
Apple originally guided for revenue of between $89 billion and $93 billion in the three-month period ending in December, but revised its estimate to $84 billion due to "fewer iPhone upgrades" than it anticipated, primarily due to "significantly greater" economic weakness than it projected in the Greater China region.
The letter sparked concerns among some investors and analysts that Apple has reached "peak iPhone," especially given Apple's revelation that it will no longer disclose unit sales in its quarterly earnings reports going forward.
While the iPhone accounts for around two-thirds of Apple's revenue, the company has repeatedly touted the continued growth of its services, including the App Store, Apple Music, iCloud, iTunes, and so forth, which combined for a nearly 19 percent increase in revenue on a year-over-year basis in the quarter.
Apple is widely expected to launch a streaming TV service this year that will likely boost the revenue of that category even further.
In his letter to shareholders, Cook said Apple is undertaking and accelerating multiple initiatives to improve its results, including making it simple to trade in a phone at its stores. Back in November, Apple launched a promotion offering up to $100 in extra trade-in credit towards a new iPhone XR or iPhone XS.
AAPL will report its earnings for the first quarter of fiscal 2019 on January 29, followed by a conference call to discuss the results at 2 p.m. Pacific Time.
AAPL closed at $157.92 on January 2, immediately prior to Cook revealing the shortfall in an after-hours letter to shareholders, and is now trading just cents below that level. The stock has gradually recovered over the past two weeks since establishing a new 52-week low of $142 on January 3.
Apple share price now returned to level before Tim Cook’s letter to investors.
— Horace Dediu (@asymco) January 18, 2019
Apple originally guided for revenue of between $89 billion and $93 billion in the three-month period ending in December, but revised its estimate to $84 billion due to "fewer iPhone upgrades" than it anticipated, primarily due to "significantly greater" economic weakness than it projected in the Greater China region.
The letter sparked concerns among some investors and analysts that Apple has reached "peak iPhone," especially given Apple's revelation that it will no longer disclose unit sales in its quarterly earnings reports going forward.
While the iPhone accounts for around two-thirds of Apple's revenue, the company has repeatedly touted the continued growth of its services, including the App Store, Apple Music, iCloud, iTunes, and so forth, which combined for a nearly 19 percent increase in revenue on a year-over-year basis in the quarter.
Apple is widely expected to launch a streaming TV service this year that will likely boost the revenue of that category even further.
In his letter to shareholders, Cook said Apple is undertaking and accelerating multiple initiatives to improve its results, including making it simple to trade in a phone at its stores. Back in November, Apple launched a promotion offering up to $100 in extra trade-in credit towards a new iPhone XR or iPhone XS.
AAPL will report its earnings for the first quarter of fiscal 2019 on January 29, followed by a conference call to discuss the results at 2 p.m. Pacific Time.
Tag: AAPL
[ 93 comments ]
Top Rated Comments
(View all)
5 weeks ago
Not quite - AAPL started dropping long before Tim made the news official. It was the worst kept secret on Wall Street. Analysts were warning about this for a while.
5 weeks ago
Please don’t make this an AAPL stock update forum.
Stocks move up and down...sometimes quickly. The whole market moved down a lot and had now recovered some.
Apple has a way to go, but it basically moved from $160 to $230 in 5 months last year.
People constantly quoting the $230 price don’t really have much to offer.
The price of AAPL basically means nothing without context.
Stocks move up and down...sometimes quickly. The whole market moved down a lot and had now recovered some.
Apple has a way to go, but it basically moved from $160 to $230 in 5 months last year.
People constantly quoting the $230 price don’t really have much to offer.
The price of AAPL basically means nothing without context.
5 weeks ago
Shocking. Everyone on MR said they were going out of business unless the price of the XS Max was dropped to $199.
5 weeks ago
This is somehow a reflection of Apple doing well suddenly - or the realistic simple market fluctuation?
No-news news!
No-news news!
5 weeks ago
A slightly more long term view shows Apple down approximately 30% from its high. Perspective is important.
5 weeks ago
I really believe Cook needs to be shown the door. Every day, his leadership style and their results are looking like what conventional leaders like John Scully did to Apple who was driving the company into a technology development ditch by focusing on increasingly reducing incremental development of non compelling products rather than finding new innovative disruptive technologies that would lead to a decade of explosive growth.
5 weeks ago
Apple was trading in the $210s up to early November - ~$207 is the Trillion dollar mark, it's still a long way down from when it was riding high in the second half of last year... though was clearly undervalued at $150 and very cheap even at its current price.
5 weeks ago
Apple was trading in the $210s up to early November
Yes. Still over 30% they would need to gain. This is not great news.
5 weeks ago
Everyone on MR said they were going out of business unless the price of the XS Max was dropped to $199.
I have been pretty active on the forum lately, and I don't remember any post stating this......
Actually, it seems like any posts on MR lately that state something similar to "Apple is doomed" are almost always people posting it sarcastically.
5 weeks ago
In my opinion, there's three things happening. 1) Global economic headwinds especially in China; 2) High value of the dollar; and 3) Market saturation.
A separate question is why. 1) Trade war plus hangover from sugar rush of tax cuts; 2) I have no idea; 3) iPhones are expensive and lack a compelling reason to upgrade.
With pressure coming for Apple to reduce its 30% app store fee, the only way the stock is going to increase meaningfully, is for the company to find new revenue sources.
Is that gonna happen? I haven't read anything to suggest it will. So probably for the short term AAPL will not regain 224/share.
That's my wild speculation, to add to the analysts' wild speculation.
A separate question is why. 1) Trade war plus hangover from sugar rush of tax cuts; 2) I have no idea; 3) iPhones are expensive and lack a compelling reason to upgrade.
With pressure coming for Apple to reduce its 30% app store fee, the only way the stock is going to increase meaningfully, is for the company to find new revenue sources.
Is that gonna happen? I haven't read anything to suggest it will. So probably for the short term AAPL will not regain 224/share.
That's my wild speculation, to add to the analysts' wild speculation.
[ Read All Comments ]
Parallels this week debuted a new promo bundle for both new and current users, offering a chance to buy or upgrade to Parallels Desktop 14, and then get ten other Mac apps for free. New owners can...
Over the past few weeks, a handful of users have reported receiving the message "an error occurred" when attempting to load the "For You" tab in iTunes, which provides personalized...
The latest Apple Pay promotion offers you the chance to get $5 off movie tickets with Fandango. To see the discount, you'll have to purchase two or more tickets within a single transaction...
Google Maps this week updated its iOS app with a new "Follow" feature, letting you keep track of events and news from your favorite local restaurants, bakeries, or bars. You can follow a...
Twitter today launched its Twitter Prototype Program and is accepting applications from people who want to beta test new Twitter features on iOS devices. Twitter's tests will be done through a...
Shazam, the song discovery app that's now owned by Apple, received a minor bug fix update last week, which, according to AppFigures, removes all third-party SDKs.
Shazam for iOS is no longer...
As of February 27, 2019, Apple is requiring that all Developer accounts with an Account Holder role be secured with two-factor authentication in order to ensure that only the account owner is able to...
Apple today seeded the third beta of an upcoming tvOS 12.2 update to its public beta testing group, one day after providing the beta to developers and a week after releasing the second tvOS 12.2...
