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The App Store, included in this category, brought in 37 percent more revenue year-over-year, a new all-time high. Cook said that Services was up by $4 billion year-over-year, and he expects it to reach the size of a Fortune 100 company by this time next year. The Services category continues to be a bright spot in Apple’s quarterly results, with a whopping 19 percent year-over-year increase in revenue.
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Maybe Apple should apply the lessons learned from iPad Pro corporate sales increases to the Mac Pro. Most notably, it has been almost 1000 days since Apple updated the high-end Mac Pro. MacRumors Buyer’s Guide is rated a Don’t Buy.
#2016 IMAC PRO SPECS UPDATE#
Except for the 12-inch MacBook (which received a processor update in April, see “ Apple Updates 12-inch MacBook, Bumps MacBook Air RAM,” 19 April 2016), every Mac in the Still, the year-over-year Mac sales decline comes as no surprise: almost every product in the Mac lineup is desperately in need of an update. Nonetheless, the decline for that product line also appears to be slowing, with Mac sales up over the previous quarter, with 4.2 million Mac sold versus 4 million sold last quarter. Mac sales are also slumping, tallying an 11 percent year-over-year decline in units sold and a 13 percent drop in revenue versus the year-ago quarter.
#2016 IMAC PRO SPECS PROFESSIONAL#
With the iPad Pro sales being particularly robust in businesses, and with iPad Pro getting 91 percent satisfaction ratings from corporate customers, the financials seem to confirm that Apple was wise to target the deep pockets of the professional market. The obvious explanation for the iPad’s incipient turnaround is that the higher margins on the 9.7-inch iPad Pro have picked up the slack in the face of an overall decline in consumer Moreover, iPad revenue has now turned around, exhibiting a 7 percent year-over-year increase, and Apple continues to hold an 84 percent share of the market for tablets that retail for more than $200. In a surprise twist, while the number of iPad units sold continued to decline, this time by 9 percent year-over-year, the decline is slowing. Nonetheless, Apple is seeing the highest percentage of switchers to iPhone from other smartphones than it ever has, and CEO Tim Cook remains optimistic about the iPhone SE, saying, “It’s opening the door to customers we weren’t reaching before.” Indicate that the forthcoming iPhone 7 won’t be a huge leap from the iPhone 6s, iPhone sales may continue to show continued weakness. However, unit sales were also down, so perhaps customers are awaiting the next-generation iPhone, expected in a few months. If anything, the iPhone SE might have hurt revenues, given that CFO Luca Maestri indicated that it lowered the iPhone’s overall average selling price.
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Unfortunately, not even the seemingly popular iPhone SE has reinvigorated interest. IPhone sales, as Apple predicted last quarter, are again down year over year: 15 percent in units sold and 23 percent in revenue. The company has now completed almost $177 billion of its $250 billion capital return program. Furthermore, the company returned over $13 billion to investors in the last quarter through share repurchases and dividends. Despite declining revenues, Apple beat analysts’ expectations, prompting the stock to rise nearly 7 percent in after-hours trading. However, Apple’s investors are not suffering. The company’s revenues are down 6.9 percent compared to its record-breaking year-ago quarter, which brought in revenues of $49.6 billion and profits of $10.7 billion (see “ Apple Posts Record Financials for Q3 2015,” 21 July 2015). Reporting on its third quarter financial results, Apple has announced net profits of $7.8 billion ($1.42 per diluted share) on revenues of $42.4 billion.
#2016 IMAC PRO SPECS HOW TO#
#1608: How to test Internet responsiveness, Wordle takeoffs, understand cryptocurrency.#1609: Apple Q2 2022 results, Apple's Self Service Repair program launches, escaping the cloud with a Synology NAS.
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