Apple Has A Record $285.1 Billion In Cash

Apple’s total cash reserve came to a close of $285.1 billion in the last quarter of December 2017. This is a new record and shows the company’s addition of high cost handsets and newer tax regulations.

The cash was around $268.9 billion in the previous quarter and its almost up by $17 billion in last quarter which is massive. This information was disclosed by Apple’s earnings report on Thursday. Read More

Apple’s Q3 2013 – $35.3B Revenue And $6.9B Profit

appleflagApple recently released their results for Q3 2013 and the results are somewhat as expected. Reported revenue of $35.3 billion and a net profit of $6.9 billion, or $7.47 per diluted share. Wall Street’s consensus was $35.18 billion in revenue, and Apple’s own prediction for the quarter was $33.5-$35.5 billion. Apple sold 31.2 million iPhones, 3.8 Macs and a few iPads. Read More

Apple Hits 45B App Downloads Milestone

App StoreApple may be in the slumps according to the stock market but Apple just updated investors earlier today of one of the company’s recent victories. According to Apple, they have surpassed 45 billion unique App downloads as of today. Apple reported reaching 40B App downloads as of January, which means there have been more than 5B downloads in less than five months. It is estimated that Apple is getting a download rate of 800 App downloads per second. Apple also said in the earnings call that as of present they have paid out approximately $9 billion to App developers. According to Apple, they are currently paying as much as $1 billion to App Developers every quarter. Read More

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Tim Cook: “We Acknowledge That Our Growth Rate Has Slowed”

Tim CookDuring Apple’s latest earnings call today, Tim Cook said “We acknowledge that our growth rate has slowed.” Apple’s stock has been on the decline constantly and with no new product being launched for so long, it is likely that the stock price will continue to dip. Tim Cook mentioned that Apple has always been successful because of its innovative products. Read More

2M Apple TVs Sold During Holiday Quarter, Up 60% From Last Year

apple tvApple during its earnings call today announced that it has sold 2 million Apple TVs during the holiday quarter which is 60% more compared to last year during the same period. Apple’s hobby is definitely on the verge of becoming a fully matured business now. Over the years, Apple has sold 10 million Apple TV device units making it a hugely popular player in the TV industry. Read More

Apple’s Q1 2013 Results Out Now – $54.5B Revenue, $13.1B Profit

apple stockApple today announced Q1 2013 results during an earnings call and the results are stunning. Although every industry pundit along with the Wall Street estimated crazy figures, what Apple has reported today is good, but not great. An astonishing $54.5 billion in revenue and quarterly profits of $13.1 billion and earnings of $13.81 per share. Read More

Apple Q4 Financial Results Call Scheduled For October 25

Apple today announced that the Q4 financial results call has been scheduled for October 25th, 2012 at 2PM PT / 5PM ET. Apple should also be announcing during the call that the company has already sold 5 million units of iPhone 5 within the first three days of launch. The iPhone went on sale in 22 more countries recently and will soon be available in 100 more during the coming months. Read More