Apple reports sales of 40.4 million iPhone units in latest quarter; shares soar back over $102

Apple reported this afternoon that sales of the iPhone during its fiscal third quarter amounted to 40.4 million units. That figure barely topped Wall Street's predictions that Apple would ring up 40 million iPhone handsets in the period. On a sequential basis, the 40.4 million phones sold was down from the 51.2 million units purchased in the fiscal second quarter...
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75 Comments

43. kylebelle

Posts: 74; Member since: May 03, 2016

its funny you say that.

49. tedkord

Posts: 17133; Member since: Jun 17, 2009

I suspect you're being reverse trolled.

50. RoboticEngi

Posts: 1251; Member since: Dec 03, 2014

How about trying that yourself? I mean, you're commenting all over in here......

15. kiko007

Posts: 7491; Member since: Feb 17, 2016

"I'm not an idiot. It's just that I'm excited to see Apple's sales decline, so that Android OEMs earn more market share and profit." A) Apple's sales decline does not equal more profit for Android. Check LG's report out lol. B)It also doesn't mean more people are buying Android phones. It simply means LESS people are upgrading their iPhones. "I mean, I was devastated when I learnt that Apple garnered 92% of smartphone sales profit, last year. Come on, man, 92% ? It's not fair!" Boy are you gonna be disappointed at the end of the year then lol :D. It's projected to be Apple: 89%. There is no such thing as "fair" in life. Time to grow up kid. Poor people are going to starve, rich people are going to splurge, and the world will keep turning.

23. Amroze

Posts: 597; Member since: Jul 04, 2016

Apple is a juggernaut of a company, and a ship that large can be difficult to steer. The entire consumer electronics company faces some significant challenges in defining the next generation of products and services. Appleā€™s ecosystem of products is formidable, but bold moves will be required to reignite consumer excitement. Apple has played the last several years somewhat conservatively, more responding to market trends than driving the industry. This company has the capital and the talent to create new product markets and new business opportunities. Apple is always most exciting when it delivers something truly new. What remains to be seen is if the top executives in Cupertino have the vision to deliver that next big thing.

38. Macready

Posts: 1811; Member since: Dec 08, 2014

"B)It also doesn't mean more people are buying Android phones." In this case it does. The market is still growing and Android's share of that growing market is up from last year, while Apple's is down in relative terms AND in absolute numbers. See Kantar Worldpanel statistics and Statista numbers.

42. kiko007

Posts: 7491; Member since: Feb 17, 2016

Their share is growing yes, but their profits are decreasing steadily. At this rate, most OEMs will end up going bankrupted.

45. Macready

Posts: 1811; Member since: Dec 08, 2014

No, their profits are going up too. See Samsung (+17%), see LG (+140%), see Huawei (+40%). Some others, mostly the smaller ones (like Sony) are struggling and will probably spin off/sell their smartphone activities. Conversely, Apple's profits are shrinking rapidly, due to lower unit sales (-15%) on top of lower average sales price (-10%).

53. roscuthiii

Posts: 2383; Member since: Jul 18, 2010

Bingo! That's called a Bingo. Trying to channel my inner-Christoph Waltz... Don't think I nailed it that time, but you're on point.

67. YOURDADkid unregistered

No worries Kid! I think you haven't read this one : http://www.phonearena.com/news/Samsung-reports-Q2-2016-profits-going-strong_id83601/comments?post=1483204#post_1483204 Just next 1 to 2 year and there will be NO Apple or is**t or iSheeps Ha ha ha ha LOL

31. deviceguy2016

Posts: 826; Member since: Jun 16, 2016

Ya same thing and high prices no way, you can buy a descent computer for that!! Not a Apple MacBook that's crap too had one lol

58. piyath

Posts: 2445; Member since: Mar 23, 2012

You wish......lol

61. deviceguy2016

Posts: 826; Member since: Jun 16, 2016

I know what I own and sold, f.ck apple

40. engineer-1701d unregistered

Hahaha I love pr stunts analyst's will jump on any news to make a buck

64. deviceguy2016

Posts: 826; Member since: Jun 16, 2016

That's Apple there they pay to publish their lies on stocks and sales, great post engineer +1

3. PhoneCritic

Posts: 1345; Member since: Oct 05, 2011

Come September sales will rebound again for Apple and they will beat all estimates again. That is how it has progress year after year and bar that there are no major issues with the iPhone 7 (SE) Apple will again dominate. It wont go on forever because no person or Entity ( besides God) is eternal and sooner or later someone else will take the reigns in due time.

6. Macready

Posts: 1811; Member since: Dec 08, 2014

Current signs for the 7 disagree and so does Apple, since they expect sales to decline into the 3rd (4th fiscal) calendar quarter too.

11. sgodsell

Posts: 6879; Member since: Mar 16, 2013

Phonecritic is on some good coolaid or something stronger. Because sure the iPhone 7 will help bring Apples next quarter up. However the real question is will it increase Apples sales enough to bring them back to the same numbers that they previously had? Just looking at the iPhone 7 and their lack of new designs or innovations from all the rumors. Then I see another quarter in sales decline.

46. PhoneCritic

Posts: 1345; Member since: Oct 05, 2011

"It wont go on forever because no person or Entity ( besides God) is eternal and sooner or later someone else will take the reigns in due time." It could be today or it could be tomorrow. Who knows? The point that I am laboring to make is that nothing last forever. Today Apple makes hug profits tomorrow it can end up like BB. Today Samsung is the biggest mobile manufacture. Tomorrow it can end up like Nokia. Again, in this human world Nothing, Nothing last forever. There is always that new product that will take the world by storm and the current hot product is relegated to the dust bin of time. There is always another garage startup waiting in the wings.

59. Amroze

Posts: 597; Member since: Jul 04, 2016

This post I really agree. Very wise. +1.

76. deviceguy2016

Posts: 826; Member since: Jun 16, 2016

Ya that's a + 1000

47. PhoneCritic

Posts: 1345; Member since: Oct 05, 2011

"It wont go on forever because no person or Entity ( besides God) is eternal and sooner or later someone else will take the reigns in due time." It could be today or it could be tomorrow. who knows. The point that I am laboring to make is that nothing last forever. Today Apple makes hug profits tomorrow it can end up like BB. Today Samsung is the biggest mobile manufacture. Tomorrow it can be like Nokia. Again in this human world Nothing, Nothing last forever there is always that new product that take the world by storm and the current hot product are relegated to the dust bin of time. There is always another garage startup waiting in the wings.

7. trojan_horse

Posts: 5868; Member since: May 06, 2016

September will rebound which Apple sales? Just wait for the first weekend launch failure of the iPhone 7/7 Plus! then Android OEMs like Samsung will finally get the high sales they deserve, for all their true innovations! That iFruit company's robery is coming to an end.

13. Pattyface

Posts: 1658; Member since: Aug 20, 2014

While I too would love for them to struggle so they start innovating again I just don't see it happening. Sales will be sky high just as they are every single time a new iPhone comes out

65. deviceguy2016

Posts: 826; Member since: Jun 16, 2016

Getting a little carried away there phonecritic you sound like a Tim Cook speech... Toss in the towel already

5. Macready

Posts: 1811; Member since: Dec 08, 2014

How to sell bad news as good news: "So much better than expected!" They beat expectations by a whopping 1%. What were those expectations? Minus 16%. Call it within margin of estimation error... Because instead of minus 16%, they scored 15% less units than last year, despite the addition of the SE to the lineup, an extra model if you wish. Is that all? No, that's just units, revenues for the iPhones were down by 23% due to a 10% lower average sales price. Oh, ok, hmm, so that's all then? No, iPad sales were down by 7% in revenue (despite addition of the iPad Pro), minus 9% in units. That's all the bad news? No, iMac sales are down 11%. But surely, that must be all the bad news, since there were so many positive signs? No, "other products", which includes the Apple Watch, was down 16% too. So what's on the positive side? Services revenues are up! Insert a huge Tim Cook smile to appease and pleases investors. For the time being....

10. talon95

Posts: 985; Member since: Jul 31, 2012

No kidding. If you own stock...sell it now. The one year trend in nothing but down and isn't stopping in the next year. A year from today I'd consider buying in before the launch of the iP7 as that might be an ideal time to buy really low ($70 I would imagine) and have a quick jump in the last quarter of 2017. It's funny how a smaller loss than expected is made to look like a positive trend.

16. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

LMAO xD Very well said! Alan really knows how to turn a blind eye to any negative apple news, very optimistic iNvestor...

27. Sakeem

Posts: 857; Member since: Sep 05, 2012

Finally a well thought out comment. A relief from the above talking about Apple's "demise" or going out and getting some sex. RIDICULOUS people consantly posting. Anyway, the stock market, as volitile as it is day by day, will always have it's numbers spun in a positive way to please those that don't dive in to the facts like you did. This will be the trend for a bit while longer most likely until the reinvented Iphone 8 is revealed and sold. I believe then we will se an overall improvement of Apple's stock and bottom line.

54. roscuthiii

Posts: 2383; Member since: Jul 18, 2010

Wall Street is a silly creature. Revenue/profits decline for the company, but... Because they didn't decline exactly as badly as expected, stock price goes up. Just the nature of the beast.

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