Night mode is an automatic setting which takes advantage of the new wide-angle camera that's in the iPhone 11 and 11 Pro models. It's equipped with a larger sensor that is able to let in more light, allowing for brighter photos when the light is low.
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What to Expect From Apple's Second Quarter Earnings Results Today
Apple is set to report its earnings results for the second quarter of its 2019 fiscal year at 1:30 p.m. Pacific Time today.
The quarter began December 30, 2018 and ran through March 30, 2019, according to Apple's fiscal year accounting calendar.
Apple's guidance for the quarter from January 29:
- revenue between $55 billion and $59 billion
- gross margin between 37 percent and 38 percent
- op. ex. between $8.5 billion and $8.6 billion
- other income/expense of $300 million
- tax rate of approximately 17 percent before discrete items
- 2015: $58 billion
- 2016: $50.6 billion
- 2017: $52.9 billion
- 2018: $61.1 billion
- 2019: $55+ billion
What to Look For
- Investors will be looking for iPhone revenue and Greater China revenue to rebound after Apple issued its first revenue warning in 16 years last quarter due to fewer-than-anticipated iPhone sales, primarily in the Greater China region. Wall Street expects iPhone revenue to be around $30.5 billion, according to six estimates compiled by Bloomberg News.
- Any potential commentary surrounding Apple's settlement and chipset agreement with Qualcomm. Apple is expected to release its first 5G-enabled iPhones in 2020 with Qualcomm and Samsung modems.
- Apple's growing services category remains key. Apple's services revenue reached an all-time high of $10.9 billion last quarter, up 19 percent year-over-year. This category includes the App Store, Apple Music, iCloud, iTunes, Apple Pay, and AppleCare. Later this year it will expand to include the Apple Card, Apple Arcade, Apple TV+, and Apple News+.
- Apple's stock price has increased by approximately 30 percent since its last earnings report on January 29 and positive results could further support the rally. Many analysts are bullish on Apple, as they believe that Chinese consumer demand rebounded during the quarter.
- Apple plans to provide an update on its capital return program on its earnings call today. Many analysts expect a significant increase of between $50 billion and $100 billion and an increased dividend.
- Apple's guidance for the third quarter of its fiscal year, which is typically its slowest in terms of revenue.
Tag: AAPL
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Top Rated Comments
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25 weeks ago
In time electronics should get cheaper, not more expensive, my take is that iPhones got too expensive for China, actually for the whole world, but in the rich west it's not as obvious, higher wages/contracts/loans don't actually show how ridiculous pricey new iPhones are, just half a decade ago they were more or less half the price they are now, doesn't stop there, macs also got substantially more expensive in the last 5 years.
Greed/Wall street.....
Greed/Wall street.....
25 weeks ago
I would like to see them take a real financial bashing to drain some of the arrogance from a company that has lost its way in recent years. Seems the only thing they're trying to sell these days is Privacy (well, unless you're in China - where Tim's empty platitudes are seen for what they really are.).
The products? A Netflix clone and a credit card.
What imagination.
The products? A Netflix clone and a credit card.
What imagination.
25 weeks ago
More of the same from Timmy & The Boys
Little to no innovation in the Mac lineup. Doubling down on a bad keyboard design. More SJW-ing & platitudes from Tim and more greed from an already greedy company.
Little to no innovation in the Mac lineup. Doubling down on a bad keyboard design. More SJW-ing & platitudes from Tim and more greed from an already greedy company.
25 weeks ago
We will see how China did and if they more aggressive measures taken improved the outlook.
I am interested in:
1) The buyback update.
2) Top line Revenue
3) China Revenue
4) EPS
In that order.
[doublepost=1556650719][/doublepost]
I am interested in:
1) The buyback update.
2) Top line Revenue
3) China Revenue
4) EPS
In that order.
[doublepost=1556650719][/doublepost]
Their Long-Term Debt as well !
Last Qtr they reported $93B USD !
25 weeks ago
Buyback and dividend increase. My top two items. Make it good and retirement may be looming large.
I made a risky move and bought a bit more AAPL earlier when it dipped below $200. For better or worse. :)
How could anybody not buy a small amount to spice things up?
25 weeks ago
I would like to see them take a real financial bashing to drain some of the arrogance from a company that has lost its way in recent years. Seems the only thing they're trying to sell these days is Privacy (well, unless you're in China - where Tim's empty platitudes are seen for what they really are.).
The products? A Netflix clone and a credit card.
What imagination.
Do you also kick little puppies and pray for a cold winter so the homeless suffer more?
[doublepost=1556652988][/doublepost]
No need to wait for the call, I can already tell you what will happen. Apple will announce that it made so much money that it would be worth the size of a small country, and people and useless analysts will say that Apple is doomed. The stock goes down a few days 5 to 10% and then will go up 40% in 3 months.
Rinse and repeat every three months.
Finally someone who gets it.
25 weeks ago
I'm certainly no financial expert ... but I started trying to use RobinHood a bit to invest in some tech stocks, recently, and by using common sense and a little knowledge about the field? I've done pretty well so far. (My best "stock pick" was Qualcomm, when I realized that regardless of the Apple lawsuit outcome - they were still going to be positioned to sell almost ALL of the 5G radio chips that went into every new Android phone made. Then, the Apple lawsuit settlement just made it skyrocket from there.)
Some of the articles Reuters and others have published recently do give me pause though. It seems that most analysts believe all of these companies reporting gains above estimates, lately, aren't really achieving those numbers because of true increases in sales. Much more of it amounts to accounting changes. (For example, you could try to capitalize more of your company's purchases vs. expensing their purchases.) There's just a lot of pressure to show good stock performance right now, because "everyone else is doing it", and it may not be sustainable.
Some of the articles Reuters and others have published recently do give me pause though. It seems that most analysts believe all of these companies reporting gains above estimates, lately, aren't really achieving those numbers because of true increases in sales. Much more of it amounts to accounting changes. (For example, you could try to capitalize more of your company's purchases vs. expensing their purchases.) There's just a lot of pressure to show good stock performance right now, because "everyone else is doing it", and it may not be sustainable.
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