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Apple posts $61.1 billion in revenue, profit of $13.8 billion for Q2 2018 results

Apple on Tuesday announced its second fiscal quarter results of 2018, posting revenues of $61.1 billion and a net quarterly profit of $13.8 billion. This is up from revenues of $52.9 billion and net quarterly profit of $11.0 billion in the year-ago quarter. The revenue, profit, and earnings per share numbers were records for any […]

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Apple Finance News retail

Apple to release Q2 2018 financial results on Tuesday, May 1st

Apple announced that it will release its quarterly earnings for its second fiscal quarter of 2018 on May 1st. The forthcoming report and following conference call will be held on Tuesday, May 1 at 2 p.m. Pacific, 5 p.m. Eastern. Apple CEO Tim Cook and CFO Luca Maestri are anticipated to provide detail on the […]

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AirPods Apple Watch Finance iPad iPhone News retail Wearables

Apple reports $88.3 billion in revenue for Q1 2018

Even if iPhone X sales are slumping, Apple still reported a record-breaking $88.3 billion in revenue for the quarter ending on December 31st, 2017. This represents a 13 percent increase over last year’s $78.4 billion. The company managed to sell 77.3 million iPhones in the three-month holiday quarter, about a million less than last year, […]

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Qualcomm files suit against Apple, cites breach of contract, unchecked access to development resources

On Wednesday, chipmaker Qualcomm filed suit against Apple, claiming Apple has failed to abide by the terms of a software license and said it may have used its unprecedented access to that code to help Qualcomm-rival Intel Corp. The two companies are now engaged in a lawsuit over technology licensing fees that Qualcomm charges for […]

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Finance News

Apple to hold Q4 2017 earnings call on November 2nd

Apple’s next financial earnings report is slated for November 2nd. The company announced that it will hold its Q4 2017 earnings call on November 2nd with a call following shortly thereafter at 2PM PT/5PM ET. Apple reported revenue of $45.5 billion last quarter on sales of 41 million iPhones, 11.4 million iPads, and 4.29 million […]