Why Apple's stock is down, pushing market value below $1 trillion

The Citibank 10 percent cashback is valid on iPhone models bought via offline stores

Like the previous quarter, Apple this time too had just 1% market share.

Apple's revenue guidance for Q4 2018 fell between $60 billion and $62 billion, with gross margin estimated to be between 38% and 38.5%.

During its earnings call, CFO Luca Maestri announced Apple would no longer provide unit sales for iPhone, iPad and Mac sales, starting with its December quarter.

Shah said that, while more than half the phones sold this year were older iPhone models, high selling prices meant Apple's Indian revenue should still be flat or slightly higher than a year ago. Explaining this rationale, Maestri said: "The unit sales of iPhones at the top end of the line have been very strong during the September quarter, and that is very important because we are attracting customers to the most recent technologies and features and innovation that we bring into the lineup, but you don't necessarily see that in the number that is reported".

Revenue in the fiscal fourth quarter climbed almost 20 percent to $62.9 billion from the same period a year earlier, while profit soared 32 percent to $14.13 billion. Analysts expected revenue of US$61.4 billion and earnings of US$2.78 a share.

Mother reunites with son after abduction 31 years earlier
He also faces extradition to Canada on an abduction charge on completion of his prosecution south of the border. Lyneth Mann-Lewis found out last week that authorities had found her son, Jermaine Mann, in the United States.

For as long as anyone can remember, every three months, Apple has told the world how many iPhone, iPads and Mac computers it has sold. The number fell short of analysts' estimates and was a disappointment, considering there were no big iPhone launches in the same quarter a year ago.

"We believe this represents a massive forward opportunity for Apple and, as such, welcome the news that the company is looking into streaming video services".

Apple's "privacy commitment now extends to iPhone unit disclosure", Amit Daryanani of RBC Capital Markets wrote in a note to investors. Another record-breaking quarter looks like it's on the horizon too. However, revenue from the handsets was up 29 percent to $37.2 billion, thanks to the iPhone's average selling price jumping from $618 to $793. While that represents a 14 percent increase in iPhone sales when compared to last quarter, it's about the same number of iPhones sold this time a year ago.

iPad unit sales amounted to 9.69 million, down 6 percent year-over-year. After all, the company has often managed to generate high revenues even with a small number of device sales. Excluding a one-time favourable adjustment of $640 million recognized in the fourth quarter of fiscal 2017, Services revenue grew from $7.9 billion in the fourth quarter of fiscal 2017 to $10 billion in the fourth quarter of fiscal 2018, an increase of 27 per cent.

Shares hit $209.20, down from $232 at the start of October, even after Cook reassured investors that Apple's popularity in China remained strong, in the face of a strong U.S. and China trade war. Apple bundles everything else into the "Other Products" category and only gives a total figure of $4.2 billion in revenue that came from AirPods, Apple Watch, Apple TV and everything else you can find in an Apple Store.

Related News:



Most liked

Divers recover jet's flight recorder on Indonesia sea floor
Another picture is a selfie taken by the flight attendants, who we assume were onboard the plane when the selfie was clicked. Downloading the data on flight recorders can take as little as two hours but analysing it can take weeks.

'Overwatch' reveals badass new outlaw hero Ashe
The oversized Overwatch build is just the start of what LEGO has planned for its tie-in with Blizzard's addictive online shooter. Ashe can call upon Bob her robotic fellow gang member - who featured in the animated short Reunion - as part of her Ultra.

Saudi sisters found dead in Hudson River were alive when they entered
EDT (1100 GMT) he saw two women kneeling about 30 feet (9 meters) apart near the Hudson River praying loudly for about 15 minutes. In December, they were placed in a shelter in Virginia after reporting that they had been physically abused by family members.

Trump predicts USA will reach a trade deal with China
The US also sued to stop the companies from exporting any products created using the trade secrets to America. Trump's comments came a day after a phone call with Xi that he described as "very good.".

World Series Ratings Lowest Since 2015
Boston Red Sox players and fans were in full party mode on Sunday evening after they clinched their ninth World Series . That's because the Rodriguez encountered trouble, eventually loading the bases with one out to face Cody Bellinger .

Oprah Rocks The House For Stacey Abrams
As a black woman, Winfrey noted her kinship to two groups historically denied ballot access in the United States. She was not there to push her own presidential campaign plans, reports CNN .

USA sending up to 5,200 troops to border with Mexico
His experience with the caravan had taught him one thing, he said: "The next time, I'm going to need a 'coyote, '" or smuggler. If an asylum seeker enters the United States illegally, they are still entitled to a hearing of their claim.

Electric Chevrolet eCOPO Camaro only burns rubber
It's the handiwork of General Motors and Hancock and Lane Racing , which has some prior experience with electric drag racing . Chevrolet recently bagged a particularly new concept for its vehicle that is designed for the drag racing opportunities.

Jamal Khashoggi was strangled and then dismembered, Turkish prosecutor says
Cengiz met Khashoggi in May at a conference in Istanbul and their relationship blossomed. It recently acknowledged that Turkish evidence shows the killing was premeditated.

Cheerio, royals: Prince Harry, Meghan Markle depart NZ after four-day tour
Prince Harry's fifth visit to Australia coincided with the Invictus Games in Sydney, which he founded for war-wounded veterans. She spoke in Fiji about her own struggles to afford university in the United States, arguing the case for open education.

IOS 12.1 is available now - these are the most important features
Here's how you can enable dual-SIM on your iPhone XS , XS Max and iPhone XR if you are on Airtel (first reported by FoneArena ). Group FaceTime With iOS 12.1 you can engage in FaceTime conversations with up to 32 people at once - should the need arise.

Hormone injections reduce risk for early menopause from breast cancer chemotherapy
The left-hand side of the wheel represents general characteristics, and the right-hand side represents clinical characteristics. But one of the best ways to learn about it and those who have experienced it is by reading memoirs about breast cancer .

Trump claims he can defy Constitution and end birthright citizenship
Conservatives have argued the citizenship provision for children applies only to those born to legal USA citizens. The U.S.is not the only country granting birthright citizenship .

Titans were too late on WR Demaryius Thomas
It's a relatively low-priced deal for a first-place Houston team that's dealing with injuries at receiver. With a tough game at the Denver Broncos coming up this Sunday they have been dealt some good news.

'Let's keep it positive': Nicki Minaj and Cardi B finally settle feud
The diva has been feuding with Cardi for months; they came to blows at a fashion event in NYC this summer. The "I Like It" rapper told Teen Vogue at the time that she had a "mutual friend" with the designer.