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: revenue
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 […]
Following a trend set by a number of other companies, video streaming service Netflix is no longer allowing new customers to subscribe via iTunes, or at least by way of an in-app purchase on their iPhone or iPad. The change began rolling out globally in late November, according to a VentureBeat article published on Friday. […]
The list of the highest grossing iOS apps on the App Store for 2018 has arrived and there are some surprises to be had. While household name apps like Candy Crush continue to rake in money hand over fist, a new research report from Sensor Tower revealed which iOS apps in 2018 managed to generate […]
Apple has released its Q4 2018 numbers via its earnings conference call and they look impressive. The figures, which include two weeks of iPhone XS and iPhone XS Max sales, come to $62.9 billion in revenue with a $14.2 billion profit. The company sold 46.89 million iPhones, up from the previous quarter’s 41.3 million. 9.69 […]