Earnings

During today's earnings call covering the first fiscal quarter of 2015, Apple CEO Tim Cook shared some new details on the prospective launch date of the Apple Watch. According to Cook, Apple Watch development is currently on schedule, and the company is planning to ship the device in April. Development for Apple Watch is right on schedule, and we expect to begin shipping in April.When the...

Apple CEO Tim Cook confirmed on Tuesday during the company's quarterly earnings call that it has sold more than 1 billion iOS devices to date since launching the original iPhone over seven years ago. According to Cook, the impressive milestone, which accounts for the iPhone, iPad and iPod touch, was reached in November and was helped along by a record-breaking 74.5 million iPhones sold in Q1 2015....

During today's earnings call covering the first fiscal quarter of 2015, Apple CEO Tim Cook was asked about the sales split between the 4.7-inch iPhone 6 and the 5.5-inch iPhone 6 Plus. He declined to provide specific numbers on the split, but he did confirm that the iPhone 6 was the most popular device. "Obviously to sell 74.5 million devices, they were all popular," Cook said. "Both did...

Since its introduction in October, Apple Pay has accounted for two of every three dollars spent through contactless payments on Visa, Mastercard, and American Express, according to Apple CEO Tim Cook who shared the information during the company's earnings call for the first fiscal quarter of 2015. "Apple Pay is off to a very strong start," said Cook, adding that he expects 2015 to be "the...

Apple today announced financial results for the first fiscal quarter of 2015, which corresponds to the fourth calendar quarter of 2014. For the quarter, Apple posted revenue of $74.6 billion and net quarterly profit of $18 billion, or $3.06 per diluted share, compared to revenue of $57.6 billion and net quarterly profit of $13.1 billion, or $1.98 per diluted share, in the year-ago quarter....

Apple is set to report its financial results this afternoon for Q1 2015, a three-month period spanning October through December that directly followed the launch of the highly-anticipated iPhone 6 and iPhone 6 Plus. Despite offering guidance of between $63.5 to $66.5 billion in total sales, many analysts are predicting that Apple outpaced those numbers in what could amount to a record-breaking...