Sets new record for fourth-quarter sales of iPhones, Watch, Macs
Apple revenues rose 25 percent year-over-year to $51.5 billion in its fourth fiscal quarter, which ended in September with just a week or so of availability for its latest iPhones, the company has announced. Profits were up 30 percent to $11.1 billion, while earnings per share climbed from $1.42 to $1.96, a 38 percent increase. The results beat consensus analyst estimates of $51.11 billion in revenue. International sales jumped to 62 percent of revenue, fueled by strong growth in China.
Apple maintains fifth-place position on list of US companies by revenue
Fortune has released its annual list of top US companies, and Apple is again situated at number five on the list, following the same four companies it did last year: Walmart at the top of the list, followed by Exxon Mobil, Chevron, and financial firm Berkshire Hathaway. The listing, which prizes raw revenue over most other factors, noted however that Apple had the highest profits and market share value of any other company on the list.
Android gains 70 percent of downloads, iOS gains 70 percent of revenue
A new report by analytics firm App Annie has revealed that Apple and Google, as the progenitors of iOS and Android respectively, are locked in a roughly stalemated battle when it comes to revenues from apps versus app downloads. Google's Android enjoys the majority of app downloads, as it has for some time -- but continues to be unable to catch Apple in terms of being able to reward developers for their work. In a set of charts from the analytics firm, Apple's revenue from app sales is about 70 percent higher than Google Play, while Google's downloads outpaced Apple's by 70 percent.
Downloads still king of market, but falling alongside overall music revenue
A new report from the Recording Industry Association of America (RIAA) finds that revenue from music streaming services such as Beats Music, Pandora, and Spotify have now in total beaten out revenue from CD sales in the US, capitalizing on the latter's continued fall from grace (largely thanks to excessively high CD pricing). Both formats are still well behind download sales as the top revenue stream, but even that format is gently declining.
Company now closing in on $700 billion in value
Apple's stock closed on Wednesday at a new all-time high, closing at $119.56 for the day, breaking the record set on November 26 when it closed at $119 even. The company, now valued at $696.41 billion -- more than a third more than the next most valuable publicly-traded company -- recently reported the best all-time quarterly revenue and profit of any company ever. The latest peak comes after a spike a week ago, following the results of the quarter.
Apple holds five of the top 10 best quarters ever reported
In addition to being the best quarter in the company's history, Apple's Q1 results also blew away quarterly revenue and profit figures for any company ever, according to credit rating analysts Standard & Poor's. Even more remarkably, CFO Luca Maestri noted repeatedly that fluctuations in major currencies (such as the Russian ruble and the unusually-strong US dollar) actually cost the company a potential five percent -- or $3.73 billion -- in additional revenue.
Company beats projections, monthly users up only 2.2 percent from last quarter
Facebook released its third quarter results for the 2014 fiscal year, announcing that $3.2 billion in revenue was pulled in for the period ending September 30. The company beat Wall Street projections of an earnings per share (EPS) of $0.40 on $3.12 billion in revenue. While Facebook beat the EPS on diluted non-GAAP figures by three cents, the company posted only a $0.30 EPS under GAAP.
Best revenue performance in seven reporting periods, user growth strong
T-Mobile's growth continues according to their third quarter figures for the 2014 fiscal year. In the financial results released late Monday night, T-Mobile said it pulled in $7.35 billion in revenue for the reported period. Consumer growth hit 2.34 million, the second highest number of additions to the carrier in the last seven reporting periods.
Posts $175 million net loss, average monthly active users increase by 13 million
Twitter posted its third quarter results for fiscal year 2014, posting $361.2 million in revenue. Revenue was up compared to the same quarter in 2013, with quarter-on-quarter results improving by approximately $49 million. The company beat out analyst projections of $351.35 million, but posted lower than the $0.01 earnings per share (EPS) expected with a loss of $0.29 EPS.
Carrier pulls $33 billion in revenue, added over 2 million mobile, broadband customers
AT&T's quarterly results fell short of industry projections when the company announced $32.9 billion in revenue for the third quarter of 2014. The resulting earnings per share (EPS) was $0.63, missing the projected $0.64 EPS on $33.25 billion in revenue. While the company may have missed projections, it announced that it picked up more than two million mobile and broadband customers.
Sale of Alababa Group shares generate $6.3 billion, mobile now material
Yahoo released its third quarter financial results for 2014, stating that it pulled in approximately $1.15 billion in revenue to beat estimates. Analysts estimated that Yahoo would produce $1.04 billion in revenue, with an earnings per share of $0.30. While the revenue is good news for the company, it's due in large part to the $6.3 billion net of tax the company generated from the sale of shares of the Alibaba Group.
Net revenues positive for the first time in 2014, reduced workforce will save $9M
AMD missed analyst estimates for the third quarter of 2014 according to the results released by the company on Thursday. Thomson Reuters had estimated that the computer processor and graphics card manufacturer would see $0.04 earnings per share on $1.47 billion in revenue for the quarter. Posted financial results show that AMD saw only $1.43 billion in revenue and $0.02 earnings per share.
Revenue up 8 percent over the previous year, mobile division records $1B loss
The rebound of the PC market is benefiting Intel, according to its third quarter results for this fiscal year. In the quarterly report, Intel says that it hit $14.6 billion in revenue for the quarter, an increase of $1.1 billion year-over-year. For the first time in a quarter, Intel shipped over a 100 million microprocessors - a new record for the company. However, not all of the financial news is good, as the mobile and communications group realized a loss of more than $1 billion in the same period.
Revenues down from previous year, quarter, second half of year 'will remain a challenge'
Results for Samsung's second quarter of the 2014 fiscal year were posted today, showing declining revenues for the third straight quarter. Samsung warned investors at the beginning of the month that it expected a drop of 24 percent from 2013, missing projections in the area of $1 billion. The second quarter, which ended June 30, saw net income of only $6.1 billion (6.25 trillion won).
Revenues beat industry projections and earnings per share, user counts increase
Facebook released its quarterly earnings for the second quarter of 2014, showing a large increase year-over-year. Revenues topped out at $2.9 billion, a staggering $1.1 billion, or 61 percent, increase from 2013. The revenue jump is due largely to advertising revenue and an increase in daily and monthly active users.
Expected profits fall shy of expectations, Nokia deal responsible for $0.08 EPS hit
Microsoft released its quarterly revenue figures for the end of the 2014 fiscal year, revealing that the company pulled in $23.38 billion in revenues for the fourth quarter. While the revenue numbers beat the expectations of $23 billion, earnings per share (EPS) missed the mark at $0.55 per share. Experts polled by Thomson Reuters expected the software company to hit $0.60 EPS based on the $23 billion in revenues.
Company is 'not satisfied,' with results, declining display ad revenue to blame
Yahoo posted its second quarter 2014 results yesterday, indicating shrinking revenues from the same quarter in the previous year. The quarter, which ended on March 31, saw a decline in revenue due to disappointing results from display ad revenue. CEO Marissa Mayer realizes that there is still work to do in some areas, as the company looks toward a "unified approach" to advertising.
Analysts apparently taking Apple guidance more seriously now
Reports are surfacing that Apple may release a disappointing quarterly earnings report for investors on July 23. The consensus from 35 Wall Street pundits polled exactly matches the revenue from the year-ago quarter at $35.02 billion -- meaning zero revenue growth for the quarter, which is traditionally Apple's slowest. Apple itself said it would earn between $33.5 billion and $35.5 billion for the quarter, which ended on June 30.
Manufacturer optimistic of third quarter successes
Samsung, the world's top technology manufacturer by revenue, reported a record 6.72 trillion won ($5.9 billion) quarterly profit, up 79 percent from the same time last year. Revenue was boosted by $3.65 billion solely from its smartphone sales, as predicted by analysts and Samsung itself. The company reports television sales up from last year, primarily from 3D and LED models. Memory chip and processor sales fell slightly from the same period last year.
Steven Rosenblatt joins Foursquare in new position
Location tracking and check-in service Foursquare has hired its first Revenue Chief. Ex-Apple iAd executive Steven Rosenblatt has been hired to fill the newly created position. Foursquare's former head of business development, Tristan Walker, filled the role of revenue chief before leaving early this month.