MacRumors Staff

This is a staff account used when multiple authors collaborate on an article.



Apple Reports 4Q 2018 Results: $14.1B Profit on $62.9B Revenue, 46.9M iPhones

Apple today announced financial results for the third calendar quarter and fourth fiscal quarter of 2018. For the quarter, Apple posted revenue of $62.9 billion and net quarterly profit of $14.1 billion, or $2.91 per diluted share, compared to revenue of $52.6 billion and net quarterly profit of $10.7 billion, or $2.07 per diluted share, in the year-ago quarter. Revenue, profit, and EPS were all-time records for the September quarter. Gross margin for the quarter was 38.3 percent, compared to 37.9 percent in the year-ago quarter, with international sales accounting for 61 percent of revenue. Apple also declared an upcoming dividend payment of $0.73 per share, payable November 15 to shareholders of record as of November 12. For the quarter, Apple sold 46.9 million iPhones, up slightly from 46.7 million in the year-ago quarter. iPad sales fell to 9.7 million from 10.3 million in the fourth quarter of 2017, while Mac sales dipped to 5.3 million from 5.4 million. For the full fiscal year, Apple generated $265.6 billion in sales with $59.5 billion in net income, up from $229.2 billion in sales and $48.4 billion in net income for fiscal 2017. Both figures are also all-time company records, exceeding standards of $233.7 billion in sales and $53.4 billion in net income set in fiscal 2015.“We’re thrilled to report another record-breaking quarter that caps a tremendous fiscal 2018, the year in which we shipped our 2 billionth iOS device, celebrated the 10th anniversary of the App Store and achieved the strongest revenue and earnings in Apple’s history,” said

Live Coverage of Apple's October 2018 iPad and Mac Event

Apple's "There's more in the making" event at the Howard Gilman Opera House in Brooklyn, New York, begins at 10:00 a.m. Eastern Time (7:00 a.m. Pacific Time), and we're expecting to see a number of iPad and Mac announcements today. Later today will also see the release of iOS 12.1, bringing Group FaceTime, new emoji, live Depth Control in camera previews, and Dual SIM support for Apple's latest iPhones. Additional updates in the form of macOS 10.14.1, watchOS 5.1, and tvOS 12.1 are likely also coming today. Apple is providing a live video stream on its website and via the Apple Events app on Apple TV. In addition to Apple's video stream, we will be updating this article with live blog coverage—no need to refresh—and issuing Twitter updates through our @MacRumorsLive account as the keynote unfolds. Highlights from the event and separate news stories regarding today's announcements will go out through our @MacRumors account. Sign up for our newsletter to keep up with Apple news and rumors. Apple's online store is currently down in advance of the event. It should be accessible again shortly after the keynote. Live blog in chronological order is after the jump.

This is Apple's 'Zombie Check' Tool Used to Reduce iPhone Repair Fraud

Last week, The Information's Wayne Ma reported about a sophisticated fraud scheme in which organized thieves would buy or steal iPhones, remove valuable components like the processor or logic board, swap in fake components, and return the purposefully-broken iPhones to receive replacements they could resell. iPhone Serial Number Reader Apple became aware of the increasing fraud in 2013 and, in the years since, it has managed to "dramatically reduce" the rate of iPhone-related repair fraud in its retail stores, particularly in China, according to the report. One of Apple's countermeasures was to develop diagnostic software that its retail employees could use to quickly detect fake parts in iPhones, the report said. To evade this tactic, however, many fraudsters started to intentionally disable the iPhones so they couldn't be turned on and subjected to diagnostics. Fraudsters even went as far as obtaining Apple customer records, including serial numbers, for iPhones that had already been sold in China. In some cases, the incorrect serial numbers would be etched on the back of the iPhones. To combat the use of stolen serial numbers, The Information reported that Apple came up with a screening method known as "Zombie Check" internally that tested whether serial numbers for the broken iPhones held for inspection were also associated with iPhones still using Apple's online services like iCloud. According to an internal Apple document obtained by MacRumors, the tool was initially limited to China, but Apple began rolling it out to Apple Authorized Service

PSA: HomePod Launches in Spain and Mexico on October 26

For those who may have missed the news, Apple has confirmed the HomePod launches in Spain and Mexico on Friday, October 26. Apple actually made the announcement last month, but it was buried in a footnote of a press release on the day of its iPhone XS, iPhone XS Max, and Apple Watch Series 4 event, so the news did not make many headlines at the time. HomePod will be available in Space Gray or White for €349 in Spain and 7,999 pesos in Mexico, according to Apple's online store. A recent HomePod software update added support for Spanish in Spain, Mexico, and the United States, enabling Siri to communicate in that language. Siri also gained the ability to search by lyrics, set multiple timers, make phone calls, and more. Spanish users will be able to receive the latest headlines, entertainment news, and sports updates directly on the HomePod, with Univision Noticias, ESPN Deportes, Telemundo Entretenimiento, and other sources now available. HomePod will be available to purchase from Apple.com, Apple Stores, and select authorized resellers in Spain and Mexico. The smart speaker first launched in the United States, Australia, and the United Kingdom in February, followed by availability in Canada, France, and Germany in June. Apple has yet to detail availability in other

Live Coverage of Apple's iPhone XS, iPhone XR, and Apple Watch Event

Apple's "Gather round" event at the Steve Jobs Theater at Apple Park begins at 10:00 a.m. Pacific Time, where it is widely expected to unveil three new iPhones (XS, XS Max, and XR) as well as new, slightly larger Apple Watch models. Steve Jobs Theater via Apple CEO Tim Cook We should also be hearing final details and the official release date for iOS 12, and likely macOS Mojave, watchOS 5, and tvOS 12 as well. And, of course, there may be other announcements and surprises in the cards. Apple itself leaked a number of details this morning by prematurely updating its store site maps, and we have a summary of what's been revealed right here. Apple is providing a live video stream on its website, via the Apple Events app on Apple TV, and on Twitter. We've shared instructions on how to watch along with a list of when the keynote starts in time zones around the world. In addition to Apple's video stream, we will be updating this article with live blog coverage—no need to refresh—and issuing Twitter updates through our @MacRumorsLive account as the keynote unfolds. Highlights from the event and separate news stories regarding today's announcements will go out through our @MacRumors account. Sign up for our newsletter to keep up with Apple news and rumors. Apple's online store is currently down in advance of the event. It should be accessible again shortly after the keynote. Live blog in chronological order is after the jump.

Apple Reports 3Q 2018 Results: $11.5B Profit on $53.3B Revenue and 41.3M iPhones

Apple today announced financial results for the third fiscal quarter of 2018, which corresponds to the second calendar quarter of the year. For the quarter, Apple posted revenue of $53.3 billion and net quarterly profit of $11.5 billion, or $2.34 per diluted share, compared to revenue of $45.4 billion and net quarterly profit of $8.7 billion, or $1.67 per diluted share, in the year-ago quarter. Gross margin for the quarter was 38.3 percent compared to 38.5 percent in the year-ago quarter, with international sales accounting for 60 percent of revenue. Apple also declared a quarterly dividend payment of $0.73 per share, payable on August 16 to shareholders of record as of August 13. Apple sold 41.3 million iPhones during the quarter, up slightly from 41.0 million a year earlier, while Mac sales fell to 3.72 million units from 4.29 million units in the year-ago quarter. iPad sales rose slightly to 11.55 million from 11.42 million.“We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth,” said Tim Cook, Apple’s CEO. “Our Q3 results were driven by continued strong sales of iPhone, Services and Wearables, and we are very excited about the products and services in our pipeline.”Apple's guidance for the fourth quarter of fiscal 2018 includes expected revenue of $60–62 billion and gross margin between 38 and 38.5 percent. Apple will provide live streaming of its fiscal Q3 2018 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call

Live From WWDC 2018: Coverage of Apple's Keynote with iOS 12, macOS 10.14, and More

Apple's annual Worldwide Developers Conference (WWDC) starts today at the McEnery Convention Center in San Jose, with the traditional keynote kicking things off at 10:00 AM Pacific Time. Good morning, developers! #WWDC18 is here, and we can’t wait to show you what we’ve been working on! pic.twitter.com/d7YuKTmt6Y— Tim Cook (@tim_cook) June 4, 2018 We're expecting to see a number of announcements, although it appears Apple will primarily be discussing software this year. Apple is providing a live video stream on its website and via Apple TV. iOS 12 and macOS 10.14 are expected to be the main focus as usual, with Apple itself leaking macOS details heading into the weekend. In addition to Apple's video stream, we will be updating this article with live blog coverage and issuing Twitter updates through our @MacRumorsLive account as the keynote unfolds. Highlights from the event and separate news stories regarding today's announcements will go out through our @MacRumors account. Sign up for our newsletter to keep up with Apple news and rumors. WWDC live blog in chronological order ahead…

Apple Reports Q2 2018 Results: $13.8B Profit on $61.1B Revenue, 52.2M iPhones

Apple today announced financial results for the second fiscal quarter of 2018, which corresponds to the first calendar quarter of the year. For the quarter, Apple posted revenue of $61.1 billion and net quarterly profit of $13.8 billion, or $2.73 per diluted share, compared to revenue of $52.9 billion and net quarterly profit of $11.0 billion, or $2.10 per diluted share, in the year-ago quarter. The revenue, profit, and earnings per share numbers were records for any second fiscal quarter in the company's history. Gross margin for the quarter was 38.3 percent, compared to 38.9 percent in the year-ago quarter, with international sales accounting for 65 percent of revenue. Apple also declared an increased quarterly dividend payment of $0.73 per share, up from $0.63. The dividend is payable on May 17 to shareholders of record as of May 14. In addition to the increase in the dividend payment, Apple says it will start a new share repurchase authorization of $100 billion and the company says it expects to wrap up its previous $210 billion repurchase authorization by the end of the current quarter. For the quarter, Apple sold 52.2 million iPhones, compared to 50.8 million in the year-ago quarter. iPad sales were up slightly to 9.1 million, up from 8.9 million a year ago, while Mac sales slipped to 4.1 million from 4.2 million.“We’re thrilled to report our best March quarter ever, with strong revenue growth in iPhone, Services and Wearables,” said Tim Cook, Apple’s CEO. “Customers chose iPhone X more than any other iPhone each week in the March quarter,

Live Coverage of Apple's Education Event in Chicago

Apple's "Let's Take a Field Trip" event in Chicago begins at 10:00 a.m. Central Time (8:00 a.m Pacific), where the company is widely expected to unveil a lower-cost iPad, new education-focused initiatives, and perhaps make some other announcements. Photo via Tim Cook Apple is not providing a live video stream of today's event, but will post the video on its website and the Apple Events app on Apple TV following the event. We will be updating this article with live blog coverage—no need to refresh—and issuing Twitter updates through our @MacRumorsLive account as the keynote unfolds. Highlights from the event and separate news stories regarding today's announcements will go out through our @MacRumors account. Sign up for our newsletter to keep up with Apple news and rumors. Apple's education event has concluded. Our live coverage of the announcements is available in chronological order ahead…