Apple had their quarterly earnings call yesterday where they announced record first quarter results. The company posted all-time record quarterly revenue of $78.4 billion (compared to $75.9 billion in Q1 2016) and all-time record quarterly earnings per diluted share of $3.36 (compared to $3.28 in Q1 2016).
iPhone and Mac sales and revenue are up, whereas iPad sales and revenue is down compared to the year-ago quarter. Revenue from Apple’s Services business and from Other Products (includes Apple Watch and Apple TV) are also up.
During the earnings call, Brian White from Drexel asked,
I didn’t hear much mentioned about India. How did India perform with the iPhone, and how should we think about it for 2017, especially with the 4G network going up?
That’s a really good question. Despite the de-monetization move in India that created lots of economic pressure there last quarter, despite that, we had all-time record revenue results. And so we were very happy about that. The de-monetization impact has not worked its way through yet; it’s still definitely having some overhang, but I think in the longer term, it’s a great move. I feel really good about how we’re doing there. We are in discussions on a number of things, including retail stores and fully intend to invest significantly in the country and believe it’s a great place to be.
Federico Viticci from MacStories has published his thoughts about the iPhone 7 after spending two weeks exclusively using the new iPhone 7. It’s interesting that Apple chose to send him the Gold iPhone 7 model for review, considering he’s been using the Plus models for the last 2 years.
I started testing the iPhone 7 thinking that a small phone could no longer fit in my daily life, and I’m still going to upgrade to an iPhone 7 Plus. But using the iPhone 7 also made me appreciate the meaning of changes that will reshape the iPhone platform going forward – something that’s more significant than endlessly debating what we left behind.
The iPhone 7 is a bold step towards a future we can start understanding today.
My journey with the iPhone began with the very first iPhone, after which I jumped to the iPhone 3GS, then iPhone 4, followed by iPhone 5, and presently have an iPhone 6. The obvious upgrade would be the iPhone 7, but this year, I’ve been considering going for the Plus model, specifically the iPhone 7 Plus 128GB in Black. Too bad it’s currently out-of-stock at most retailers, online and offline.
Nitrozac and Snaggy have this hilarious take on Apple’s iPhone product lineup over at The Joy of Tech.
For the uninitiated, this is a reference to the Abbott and Costello sketch, Who’s on First.
Of all the reviews that I’ve read so far, John Gruber has the best take on it over at Daring Fireball.
This part was particularly interesting:
I have only two bad things to say about 3D Touch. First, Apple missed an opportunity to borrow a great feature from Apple Watch. On Apple Watch, you can force touch in the notification list and you get an option to Clear All. 3D Touch has no effect in iOS 9’s notification list, and there remains no way to clear all notifications at once.
Downright lunacy there, Apple. Come on!