Regardless, the iPad Mini is "in a whole different league," Cook said about the iPad Mini relative to the competition. Cook defended the premium price of the iPad Mini, which can be significantly higher than the competition. He added that the iPad Mini is significantly less profitable than other products in its lineup. Apple, meanwhile, sold 14 million iPads in the fiscal fourth quarter that just ended, although it was below what Wall Street had expected. Apple as a whole reported mixed results, including a slight profit shortfall, disappointing iPad sales and higher costs.
The smaller tablets weren't Cook's only targets during the conference call, Microsoft's Surface got a negative shout-out when he compared it to a car that can both float and fly, saying it was a "compromised product" that probably couldn't do either task that well, Fittingly, Microsoft is launching its Surface tablet iphone xr waterfall - gold tonight, "We don't think they're good products," Cook tells analysts, Because, you see, the iPad Mini is a 7.9-inch tablet, But seriously, Tim Cook, how do you really feel about smaller tablets?..
That's short of Wall Street's average forecast of $15.43 a share in earnings and $55.02 billion in revenue, according to Thomson Reuters. Apple is known to be overly conservative with its own estimates, and Wall Street investors often pump up their own projections a little higher. Still, the expectations call for growth in the quarter and underscore Apple's continued dominance in the technology world, with products that are not only selling at a rapid clip, but selling for a higher profit than its competitors. The iPhone, in particular, has Apple reaping nearly all of the handset industry's profit, with Samsung Electronics the only other significant winner in the segment.
The forecast comes on the heels of mixed results for the company, which was bogged down by supply constraints, As a result, the company couldn't sell as many iPhones that it wanted, cutting into its profit, Conversely, the carriers all sold fewer iPhones than expected, which yielded higher profits because they didn't have to pay Apple as high a subsidy that initially thought, That, however, could be poised to turn around as Apple works out its supply kinks and sales begin to flow during the holiday shopping period, Analysts point to the December quarter as they key indicator for the success of the iPhone iphone xr waterfall - gold 5..
The company, which tends to be overly conservative with its estimates, issues a forecast for its first quarter ending in December, calling for per-share earnings of $11.75 and revenue of $52 billion -- short of Wall Street expectations. Apple isn't expecting a very happy holiday season, financially anyway. The company today issued its forecast for its fiscal first quarter ending in December, calling for per-share earnings of $11.75 and revenue of $52 billion. Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.