Apple Made A Lot Of Money Last Quarter

Holy Shit Apple Made a Lot of Money

Apple is reporting a record quarterly revenue of $US75.9 billion ($108 billion), surpassing the the $US74.6 billion ($106 billion) it reported last year.

Despite the record-setting revenue, Apple executives aren't celebrating. That's because Apple also reported iPhone revenue will decline at its steepest rate in 15 years. The loss marks an end to more than a decade of accelerated growth and a cultural phenomenon created by the tech giant.

Apple says that it expects to see revenue of $US50 billion ($71 billion) to $US53 billion ($76 billion), which is significantly below the $US55.47 ($79) billion that analysts were predicting. If those numbers are true, it would be the worst year-over-year quarterly decline at Apple since 2001.

So, although Apple is still the most valuable company in the world (for now), it's safe to say that iPhone sales might not look so good in the future.


Comments

    How much is their revenue in Australia, and how much did they cheat on the tax bill by offshoring the money for 0.05%

      "Now now. It's not tax evasion, it's not illegal. We wrote in some loopholes for ourselves and our friends to make sure of that." - The government

    How shit are the analysts? Proposing such continuously strong growth in an ever-changing market where Apple hasn't been the "real" leader in a while. Sack all the market analysts and you'll recoup that 5 billion "loss".

    ITT:
    - dummies mistake gross revenue for net profit
    - dummies whine about 'australia tax'
    - dummies propose that they are so much better informed than professional analysts
    - zomg teh androids!
    - something about steve jobs

    That cover it?

      such edgy...

      "- dummies mistake gross revenue for net profit"
      " - dummies whine about 'australia tax'"
      Actually no - I count two posts out of four (five, not including mine) that are mention tax and only one is curious of the potential of taxable income.

      "- dummies propose that they are so much better informed than professional analysts"
      Not really... at this time only one post of an opinion about the analysis used...bit dramatic?

      "- zomg teh androids!"
      No mention of android at all...

      "- something about steve jobs"
      No mention of Steve Jobs either

      Would you like to try again?

    Yeah as other have said it's revenue not profit. Unlike the tittle suggests I didn't see anywhere how much money they made only how much passed through there hands to else where.

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