by gordon_freeman on 1/27/21, 10:00 PM
One thing which is not appreciated enough about Apple is how magnificent its Return on Capital is. Its net profit margin hover over 20% and compared to another company Amazon which also has posted over a $100 billion revenue in a single quarter but Amazon's net profit margin is around 5%. I would say Apple is in a league of its own!
by ksec on 1/28/21, 3:48 AM
I was expecting a huge quarter, but this is something else. WFH and Remote learning, lot of people bought new Desktop or Laptop. Which isn’t just Apple but across all computing industry, AMD, Intel, Microsoft etc. iPhone 12 was bound to sell with new design and 5G. But again number were way higher than even the most optimistic expectation. ( Mainly China’s uptake being a lot higher )
It is crazy to think back not long ago we thought we will hit the law of big numbers. And yet despite being a two trillion company they are still growing 10-20%!
And after 5 years, just like the Mac Pro they finally admit they made lots of mistakes in Mac development. Like MagSafe and SD Card. Hopefully someday keyboard and Trackpad.
The only thing left is the iOS App Store. Which is a complicated problem with no decent solution (yet).
by chrisseaton on 1/27/21, 10:06 PM
Turns out all those people dramatically saying they're finally moving off macOS for good don't really count for anything! Who could have guessed?
by amrrs on 1/27/21, 9:53 PM
FWIW, Apple opened its first online store in India during this pandemic and several outlets reported it's been a huge success. Couple that with the china ban going on in India. Apple seems to always get some way out of tough times!
by r00fus on 1/27/21, 9:57 PM
So Mac sales are up from 2020Q1 by $1B. Lots of upgrades I bet, for the M1 Macs. I know I finally bought personal laptops for my kids who until now had been sharing a 10 year old family laptop among other devices.
I wonder how much is also related to the fact that it became apparent in the fall that remote learning is here to stay for the entire school year (where it was instituted in the first place). [edit: fixed Quarter date]
by gundmc on 1/27/21, 11:21 PM
57% rise in sales in China. It escapes me how Apple escapes criticism operating in that country when it's a PR nightmare for all of its peers.
by Grustaf on 1/27/21, 10:34 PM
And the share price inevitably falls in after hours trading. Seems shareholders had even more optimistic expectations than analysts.
by minimaxir on 1/27/21, 9:42 PM
This beat is more notable since Apple had closed a number of their physical stores due to the pandemic, which had driven many, many sales.
by bigtones on 1/27/21, 10:25 PM
Apple set a new quarterly record with $111.4 billion in Revenue:
iPhone Revenue was $65.6 billion since iPhone 12 October release
Services Revenue was $15.76 billion
Products revenue was $95.68 billion
Wearables Revenue was $12.97 billion
by LockAndLol on 1/27/21, 10:04 PM
People really seem to hate right to repair
by kelseydh on 1/27/21, 10:39 PM
For years now, Mac OS X has had a bug where if you download a file like an image from the internet, and want to upload it elsewhere, there's a long delay (10-30 seconds or more) before the file shows up in your file system to select it.
This problem has been ongoing for years and Apple still hasn't fixed it. Even brand new, maxed out Macbooks have this problem. In an era where much of what people do online is rapidly downloading and reposting content across platforms, it's unacceptable Apple can let such a ghetto problem go unfixed.