2019 iPhones Likely To Include Three Rear Cameras And USB-C Port

Apple Reports Earnings Tomorrow. Here’s What to Expect

The 58-year-old workout enthusiast and his right hand Luca Maestri (Apple's chief financial officer) did a masterful job doing everything in their verbal power to rally an Apple investor base still hurting from a shocking $5 billion-plus quarterly revenue warning on January 2.

On a worldwide basis, the top 5 smartphone companies continue to get stronger and now account for 69% of smartphone volume, up from 63% a year ago. This group has not only iPhone but Apple Pay, Apple Music, iTunes, AppleCare, Apple App Store and others as well.

It figures to be an uphill battle, given Apple's stock has lost one-third of its value in less than four months, erasing about $370 billion in shareholder wealth.

The rest of the phones shipped saw a trend-reflected 22% drop in units shipped, from 429 million in 2017 to 336 million a year ago.

"This is the defining moment for Cook", said Wedbush Securities analyst Daniel Ives. This was also the company's first decline in both revenue and profit in more than a decade. With challenging market conditions continuing into the first quarter of 2019, the likelihood of a declining market this year becomes more of a reality. The erosion was caused by the decline of the iPhone, whose sales plunged to $52 billion, down by more than $9 billion from the previous year. The next potential cash cow could be Apple News services.

Apple Pty Limited had 4112 employees as of September 29.

Apple's full-year revenue in China was in fact also slightly up, Cook said.

In the December quarter, Apple generated US$10 billion services revenue.

Apple's shares fell 1% during the day but jumped almost 6% to $163.50 in after-hours trading. "That challenge was compounded by quarterly iPhone upgrades that were lower than we anticipated", Cook explained.

Cook explained that foreign exchange issues have amplified price differences in global markets, particularly emerging markets, which tend to move more significantly versus the dollar. That will allow Apple to support the news industry as well, as it would share revenue with news publishers for distributing their news on the Apple platform.

Apple is no longer disclosing how many iPhones it shipped after the quarter is completed, a change that Cook announced in November. After all, the company had already warned shareholders that holiday sales hadn't been as good as previously expected.

Apple's latest flagship smartphones, the iPhone XS and iPhone XS Max feature dual cameras at the back. "Hardware is beset by a number of issues including China macro, lengthening smartphone upgrade cycles, and FX. issues unlikely to be fixed in the near term".

All in all, the carefully crafted earnings call appears to have been enough to keep most of the 49 analysts that cover Apple on Wall Street content.

The move is an attempt to stem weak sales of the iPhone, particularly in overseas markets such as China, where a 10 percent rise in the United States dollar over the past year or so has made Apple's products - which already compete at the top end of the market - much pricier than rivals.

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