MacSurfer's Headline News™

Apple/Macintosh

Apple Q1 Results

"Apple Reports First Quarter Results: Services, Mac and Wearables Set New All-Time Revenue Records" ["Apple today announced financial results for its fiscal 2019 first quarter ended December 29, 2018. The Company posted quarterly revenue of $84.3 billion, a decline of 5 percent from the year-ago quarter, and quarterly earnings per diluted share of $4.18, up 7.5 percent. International sales accounted for 62 percent of the quarter's revenue. Revenue from iPhone® declined 15 percent from the prior year, while total revenue from all other products and services grew 19 percent. Services revenue reached an all-time high of $10.9 billion, up 19 percent over the prior year. Revenue from Mac® and Wearables, Home and Accessories also reached all-time highs, growing 9 percent and 33 percent, respectively, and revenue from iPad® grew 17 percent."] Apple 3:38 PM

"Apple Says Profits Were Flat, Citing Slump in China" New York Times [Free/Paid Registration Required] 3:41 PM

"Apple Posts Drop in Quarterly Revenue and Profit: Revenue for iPhone declined 15% for the quarter; revenue from other products and services grew 19%" WSJ.com [Paid Membership Required] 3:49 PM

"Apple reports 62.8 percent margin in services business as it discloses the unit's profit for first time" CNBC 3:50 PM

"Apple sees U.S.-China tensions easing, services business growing: Inc said sales for its fiscal second quarter would most likely be lower than Wall Street expected, a signal that it continues to face weak demand for its iPhone, especially in China, the world's biggest smartphone market." Reuters 3:52 PM

"Apple reports $84.3 billion revenue for Q1 2019 after historic downward revision" VentureBeat 3:41 PM

"Apple opens new chapter as iPhone sales fall and stock sinks" Associated Press 3:51 PM

"Apple's once-unflappable iPhone revenue is officially in retreat with 15% shortfall" TechRadar UK 3:51 PM

"Apple posts Q1 revenue decline with iPhone sales down 15 percent" TechCrunch 3:57 PM

"Apple's iPhone sales revenue fell 15 percent during holiday quarter: Overall revenue is down 5 percent" The Verge 3:58 PM

"Cook confirms iPhone upgrades are on the decline as users 'hang on' to hardware for longer periods: During Apple's quarterly financial results call, CEO Tim Cook reported that iPhone sales are down in part because of existing users who were on subsidized contracts are now finding unbundled prices too expensive." AppleInsider 5:59 PM

"Apple sees U.S.-China tensions easing, services business growing" Reuters 3:59 PM

"Notes of interest from Apple's Q4 2018 earnings report and conference call" AppleInsider 3:51 PM

Apple News

"Retail is broken. Apple's Angela Ahrendts has a plan" ["'Carnegie envisioned it years ago when he had the reading room. For Apple, we'll have field trips with busloads of kids; or they will be coming in learning to code every morning. It's a different type of investment.' It's a continuation of founder Steve Jobs's original vision. 'Steve told the teams when he opened retail 18 years ago, 'Your job is not to sell, your job is to enrich their lives and always through the lens of education.''"] Vogue Business 6:46 AM

"Apple's Next Forecast Will Likely Show Sales Are Still Falling" Bloomberg [Free/Paid Registration Required] 7:06 AM

"Apple Set to Delve Into Disappointing December Quarter: The iPhone maker will report quarterly results after the market closes Tuesday" WSJ.com [Paid Membership Required] 7:23 AM

"Today Could Be Apple's Most Important Earnings Announcement in Years" Barron's [Free/Paid Registration Required] 7:22 AM

"At Apple, a Spotlight on Services as iPhone Slows" The Information [Subscription Required for Full Article] 9:04 AM

"Apple Options Show Earnings Surprises Are Unlikely After Warning" Bloomberg [Free/Paid Registration Required] 9:41 AM