Tag - Quarterly
The latest research data from Gartner shows Apple's first year-over-year decline in iPhone sales coincided with a reduced share of the global smartphone market. Although the global smartphone market grew by just 3.9 percent year-over-year, Apple was notable for going backwards. Although holding its position as the number two smartphone maker in the world, its market share slid from 17.9 percent to 14.9 percent. Whatever the exact cause of the decline, Gartner's data shows that Apple is not immune to the increasing rise of Chinese smartphone makers.
Apple revenues fell by $11 billion year-over-year to $50.6 billion in its second 2016 fiscal quarter, reporting its first drop in quarterly revenue since 2003, the company has announced. The results missed consensus analyst estimates of $52.2 billion in revenue, though they fell within Apple's guidance of between $50 billion and $53 billion. Profits were $13.6 billion, while earnings per share was reported as $2.32, above estimates. Gross margin fell incrementally, from 40.1 percent to 39.4 percent over the same quarter last year.
Wall Street analysts are heading into the quarterly results conference call for Apple's fiscal Q1 2016 results with an expectation that the company will once again set an all-time record for quarterly revenues, handily beating last year's $74.6 billion in earnings by a current consensus estimate of $2 billion. A polling of a broader range of analysts by Fortune magazine offers an even more rosy $77.4 billion, but many analysts are concerned that iPhone sales will not top last year's results of 74.5 million units.
Apple has announced that it will reveal its fiscal Q1 earnings on January 26 at 2PM PT (5PM ET) with its usual live audio webcast that is available for public streaming. The December quarter included the holiday buying season, but investors are worried that Apple will be unable to match last year's blockbuster $74.6 billion in revenue and $18.04 billion in revenue, which was the best quarterly earnings and profit any company has ever recorded. Last year's Christmas buying season was boosted by the introduction of the larger iPhone 6 line into China and the US.
The enduring popularity of the iPhone 6 line -- particularly in developing and rapid-growing markets such as China -- has allowed Apple to again beat quarterly best-ever records with its most recent fiscal Q3 report. The company sold more than 47.5 million iPhones, lower than analyst predictions, but which represents 35 percent year-over-year growth. Macs sold 4.7 million units, another record for a fiscal Q3 and up seven percent year-over-year.
T-Mobile is continuing to enjoy high customer growth in the United States, with the carrier receiving more than 1 million total branded net customer additions in the last quarter, according to its latest quarterly financial report. Taking into account unbranded net customer additions as well, T-Mobile now has just over 50 million subscribers using its network.
Twitter released its quarterly results today, showing a strong surge in business during the second quarter of its 2014 fiscal year. The company posted revenues of $312 million, compared to only $139 million during the year-ago quarter. The increase represents a 129 percent increase year-over-year. The social media company also saw an increase in users compared to the results from the previous year.
Analysts have continued to refine their expectations for Apple's latest quarter, with forecasts for iPhone shipments averaging 55.3 million units, according to a Fortune roundup. If the predictions prove accurate, the company's smartphones will have achieved 16 percent growth from the same quarter last year.
Quarterly results from AT&T shows the company has managed to increase its year-on-year earnings by $100 million to $3.7 billion, matching the expectations of Wall Street. The financial information also tells that its consolidated revenues of $31.4 billion is down 1.5 percent compared to the same period last year.
T-Mobile has revealed it has increased its customer count for the first time in four years, after hemorrhaging customers in multiple successive quarters. A net increase of approximately 579,000 customers, 3,000 of which being branded customers, has been noted by the company, ahead of its first quarterly results as the newly re-branded "UnCarrier."