7 things you might have missed in Apple's blockbuster earnings report this week by Kif Leswing on May 2, 2018, 5:46 PM Advertisement
 Apple made a ton of money last quarter. Not that it was ever really in doubt. The iPhone giant reported second-quarter earnings on Tuesday, posting $61 billion in revenue, partly powered by sales of 52.2 million iPhones. The company also said that it was going to spend a record $100 billion buying back its own stock, and raised its dividends. But beyond the big money numbers, Apple executives always like to tuck a few new details into its earnings report and conference call. Some of the revealing nuggets may even hint at what Apple's next big thing. Here's what you may have missed in Apple's earnings report: SEE ALSO: Apple pops after beating Wall Street expectations — and it plans to buy back $100 billion in stock Apple's "wearables" business -- which encompasses headphones and the Apple Watch -- makes more money than Ebay or Netflix.  Although Apple doesn't reveal Apple Watch sales, CEO Tim Cook has a penchant for describing the size of the business by comparing it to other, standalone corporations. As of Tuesday, "wearables revenue" over the past four quarters is "the size of a Fortune 300 company," Cook said. Apple defines "wearables" as Apple Watch, plus AirPods, plus its Beats headphone subsidiary. Alcoa, the 300th company on the Fortune 300, posted $9.3 billion in revenue last year, according to Fortune. This means that wearables were at least a bigger business than that. It also suggests that Apple makes more money on its headphones and watches than companies like Ebay, Netflix, and Salesforce made all last year.
Apple hasn't decided yet where its new United States campus will be.  Earlier this year, in the wake of the passage of the big tax bill, Apple said it was building a new campus in the United States primarily for call-center workers. This new facility could create as many as 20,000 jobs, Apple has said. Apple hasn't chosen the site of this new campus yet, Apple CEO Tim Cook said on Tuesday. "We're narrowing the site selection for a new U.S. campus, and we look forward to sharing more information on that later this year," Cook said. Know where Apple is looking? Email kleswing@businessinsider.com
The HomePod speaker will get new features in a software update — and will go on sale in new countries.  Apple didn't reveal HomePod sales on Tuesday, although its accessories revenue was up sharply. But Cook did talk about what's coming next for the smart speaker. "It's currently available in the United States, the United Kingdom and Australia, and we're looking forward to adding new features to HomePod and introducing it to more markets around the world soon," said the chief executive.
See the rest of the story at Business Insider
| 
0 comments:
Post a Comment