apple has released on Tuesday better than expected results for the three months completed at the end of December, the first quarter of its financial year offset.
Apple has elapsed 78,29 million iphones this quarter, a level that exceeds the expectations of analysts (which is expected around 77 million) and improved 5% compared to the record high of a year earlier.
in The light of these figures, the firm Strategy Analytics estimated that Apple has taken over this quarter of the world in the smartphone market, taking advantage in part in setbacks of Samsung.
The recall worldwide of the phablet Galaxy Note 7 of the south Korean group, because of its batteries prone to explosions, has been able to enjoy the version for the general format of the last iPhone released in September (7 More), for which the director general Tim Cook acknowledged Tuesday having under-estimated the demand.
In all cases, the acceleration of sales of the iPhone has had a direct effect on the turnover of Apple, started to rise again after three consecutive quarters of decline: it shows an increase of 3% to 78.4 billion dollars, when analysts were expecting a billion less on average.
“I believe that Apple had the best quarter in the history of humanity“, commented Horace mr dediu, analyst at Asymco, in a first reaction on Twitter. The enthusiasm seemed to be shared to Wall Street, where Apple stock gained nearly 3 per cent to 23: 40 hours GMT in electronic trade following the closing.
- Balance sheet ‘not blameless’ –
Neil Saunders, analyst at GlobalData Retail, it was recognized that these results accounted for, “a relief for Apple“, while warning that they “does not provide a health bulletin completely blameless for the enterprise“.
He noted that the net income has still decreased from 2.6% to $ 17.9 billion, and that if the Mac computers show up of sales in small increase of 1% to 5.37 million units, they continue to decline for the iPad (-19% to 13.08 million) and are likely to be “anemic” for the watch connected Apple Watch which Apple does not disclose the figures.
investors have ignored in the immediate forecast disappointing for the current quarter, Apple is targeting a turnover of only a 51.5 to 53.5 billion, when analysts were hoping for up here, to 53.9 billion.
And the quarterly results again confirm its dependence chronic vis-à-vis a single product. Nearly 70% of the revenue comes from iPhone sales, and the observers rely still a lot on a “super cycle” this year, where the famous unit celebrates 10 years, and where Apple could put the package on its new models.
Apple is putting a lot forward as potential growth of its services (iTunes, App Store, Apple Music, Apple Pay, etc), for which he has yet promised Tuesday to double the size of “in the next four years“. Their revenue has certainly climbed 18% year on year and 13% compared with the previous quarter but they are still weighing more than 9% of total revenues.
For Colin Gillis, analyst at BGC Partners, these services should see growth close to 50%. He sees “a trap future” in the dependence on Apple’s sales of devices, and considers that the group should re-invest much more aggressively the benefits of the iPhone in the sources of recurring revenue.
He also points to the lack of progress in a number of areas explored by rivals such as original content, cloud services, artificial intelligence, or virtual and augmented reality.
“competitors, including Google and Amazon, are always on his heels with products and ideas that are new, thus (Apple) needs to accelerate“, also prevents Neil Saunders.
It has the financial resources, with cash estimated at the end of December to 246 billion dollars. Approximately 94% of this amount is kept away from the u.s. and abroad, but Tim Cook said he is “optimistic” on “a form of tax reform this year” which would encourage repatriation.
In response to a question from an analyst, he didn’t want to tell us how they would use this windfall, but he recalled that Apple had bought in average of 15 to 20 companies per year over the past four years and looked at all the time, “businesses of all sizes” likely to have a strategic interest.