10 Aug

How Apple Fared in Fiscal Q3

WRITTEN BY Amanda Lawrence FEATURED IN Company News, Insights, & Analysis

Latest quarterly performance

In this series, we’ll discuss three challenges that could continue to make Apple (AAPL) vulnerable:

  • the company’s significant revenue exposure to non-American regions amid tariff woes
  • Apple’s slipping position in the global smartphone market
  • its next modem supplier for iPhones after Qualcomm (QCOM)

How Apple Fared in Fiscal Q3

Apple’s (AAPL) revenue declined 13% on a sequential basis in the third quarter of 2018, which is understandable considering 60% of the company’s revenue comes from international regions. Japan (EWJ) drove the sequential decline followed by Greater China (FXI), the rest of Asia-Pacific, and Europe. Apple’s revenue grew 17% YoY (year-over-year) driven by double-digit growth by every region barring Japan.

iPhone growth statistics

Both iPhone revenues and sales in units declined 21% on a sequential basis in the fiscal third quarter of 2018. iPhone revenue grew 20% on a YoY basis in the third quarter of 2018.

Apple continues to grow in the Americas 

America’s revenue contribution has grown from 40% in both 2015 and 2016 to 42% in 2017. The contribution remained intact for the nine months ended June 30, driven by the latest quarter.

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Verizon Communications stock (VZ) closed down 2.09% on Tuesday after the leading US mobile carrier reported mixed results for the first quarter of 2019 before the market bell yesterday.

24 Apr

Nokia’s Patent Business Is Put On the Spot

WRITTEN BY Rachel Gunter

Several European auto companies want Nokia’s (NOK) patent business subjected to an antitrust probe.

The first-quarter semiconductor earnings season has begun, and the stock market is showing bullish sentiment as investors buy ahead of earnings releases.

Netflix (NFLX) is working its way through a series of price increases in several markets, including the United States and parts of Europe.

Netflix (NFLX) is aiming to add 14.6 million paying subscribers in the first six months of 2019.

Earlier today, the second-largest US automaker, Ford Motor Company (F), announced a plan to invest $500 million in Plymouth-based automotive company Rivian.