There are times when even a net profit of $19.9 billion is below expectations. Apple on Tuesday announced its Q1 2019 profits, which were decidedly lower than the initial guidance of $89 billion to $93 billion. For the holiday quarter, Apple posted revenue of $84.3 billion and a net profit of $19.9 billion, a 5 […]
Tag: CEO
Sometimes you have to tighten the belt a bit, even when your company was recently valued at a cool trillion smackers. Apple will reportedly reduce the number of people it is going to hire. The decision follows its much-discussed revenue miss for the last quarter and concerns about iPhone sales numbers. Following Tim Cook’s recent […]
The Apple Watch could be coming to a Medicare plan near you. Apple is presently rumored to be in talks with at least three private Medicare plans to subsidize the Apple Watch for at-risk seniors. The Medicare insurers, which have yet to be publicly named, are said to be looking at options to subsidize the […]
For the first time in years, Apple adjusted its first-quarter earnings for the upcoming fiscal year, its 2019 estimates reading as follows: Revenue of approximately $84 billion Gross margin of approximately 38 percent Operating expenses of approximately $8.7 billion Other income/(expense) of approximately $550 million Tax rate of approximately 16.5 percent before discrete items
If you were hoping for Apple to bring new jobs to the United States, your wish is about to come true. Apple announced on Thursday that the company is building a new 133 acre, $1 billion, campus in Austin, Texas. The company also stated that it will build new spaces in Seattle, San Diego, and […]