RECORD Q1 FOR APPLE
Apple had a record quarter in the period ended 12/30, posting a quarterly revenue of $88.3 billion, an increase of 13% from the year-ago quarter.
Revenue from services, which include Apple Music and iTunes, were up significantly when compared with Q1 2017: $8.47b vs. $7.17b. The quarter was down slightly from last quarter's $8.5b.
Apple predicts that Q2 of fiscal 2018 will see revenue between $60b and $62b and operating expenses of about $7.6b.
“iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November,” said Apple CEO Tim Cook. “We’ve also achieved a significant milestone with our active installed base of devices reaching 1.3 billion in January. That’s an increase of 30% in just two years.”
Wall Street analysts, however, are predicting a slowdown in iPhone sales and have started to downgrade the stock. Apple was down 4% this morning to between $163 and $164 a share, taking its market cap to around $830b.
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)
