Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
where now?APPLE RAISED THE spectre of the end of a technological era after reporting the slowest growth sales ever of its market-leading, life-changing iPhone and warning it expects worse to come.
The California technology colossus said it expects to see its first decline in iPhone sales in the current quarter, when it will be compared to three months of blockbuster sales in the same period last year.
“We do think that iPhone units will decline in the quarter,” Apple chief executive Tim Cook said during an earnings call with analysts.
But Apple, which on Tuesday posted record quarterly profit despite the iPhone faltering for the first time since it was launched, remains optimistic about the overall smartphone market.
Apple plans to continue investing in smartphones despite economic woes dragging on many countries, and a strong US dollar eating into its revenue, according to Cook.
“There are still a lot of people in the world who will buy smartphones and we ought to be able to win over our fair share of those,” Cook said.
A billion Apple gadgets
Net income for the quarter ending on 26 December was 2% higher than the same period a year earlier at $18.4 billion, while revenue of €69.85 billion set another record for the company, also edging up 2%.
The results were largely in line with expectations that sales of iPhones – the driver of two-thirds of Apple revenue – had peaked and that the company would need to find new sources of growth.
Apple shares have slid 20% since last year on these concerns. In after-market trade Tuesday, the stock was down more than 2% at $97.35.
“Our team delivered Apple’s biggest quarter ever, thanks to the world’s most innovative products and all-time record sales of iPhone, Apple Watch and Apple TV,” Cook said in an earnings release.
“The growth of our services business accelerated during the quarter to produce record results”.
Apple reported that, overall, a billion iPhones, iPads, Macintosh computers, iPod Touch devices, Apple TV units, and Apple Watch wearable computers had “engaged” with its services in the past three months.
In the fiscal quarter, Apple sold 74.8 million iPhones – a record, but only fractionally higher than the 74.5 million in the same period last year and the slowest growth since the lifestyle-altering handsets were introduced in 2007.
China revenue climbs
Revenue in “Greater China” was up 14% for Apple but weaker in the US and Japan.
“We remain very bullish on China, and, you know, don’t subscribe to the doom and gloom kind of predictions frankly,” Cook said.
Apple reported that revenue in China grew to a record $18.4 billion while total iPhone sales grew 76% in India, according to the company.
A big question for Apple is whether it can continue to drive sales growth in a sluggish global economy, amid increasing competition from rival smartphone makers.
“This is not Steve Jobs’s Apple, which had hit after hit,” independent technology industry analyst Rob Enderle said.
“They are going to have to figure out something else, and you hope it something other than a car because that is going to take a while”.
Apple has declined to comment on reports that it has a secret automotive team working on an electric car.
Apple’s ecosystem
Apple said that it expected revenue in the current quarter to be between €46 billion and €48.7 billion. That would probably mean a decline from the €53 billion in the same period of 2015.
Apple has been diversifying with new offerings in music and is counting on growth from its Apple Watch and accessories.
The company reported sales of “other products” – including the smartwatch and Beats music products – was €4 billion in the past quarter, but did not break down those figures. Services accounted for €5.5 billion.
Sales of iPads saw a 56% drop in revenues and 25% dip in unit sales as the market for tablet computers cooled.
Avi Greengart at the research firm Current Analysis said things did not appear that bad for the world’s biggest company by market value.
“Pretty great to be Apple,” he said in a tweet. “Your main product (iPhone) is flat, most recent hit (iPad) is down 25%, R&D expenses up, yet profits rise”.
To embed this post, copy the code below on your site
Would paddy cosgrave ever just fcuk off. Going around the place like a rockstar expecting to have his arse licked at every available opportunity. Take your summit and stick it where the sun don’t shine.
Thanks for that. Note to self: must cut off nose to spite face.
@Wrath: correction, he is: where the sun DOES shine – Lisbon !!
The game is up for paddy cosgrave and his exploitative event. One manipulation too far when he ran to the media crying foul when he didn’t get all of his ridiculous demands, people now see right through him. The Irish Independent and Fionnan Sheahan have also disgraced themselves.
NIRA – what do you mean by that?
Inviting the Taoiseach (via email) to an event starting in 4 days time. Pretty sure his schedule will be full.
If you rang him to cut a ribbon at a opening of a lemonade stall tomorrow in mayo, he would be there by chopper….
I cannot see the Taoiseach cycling from Dublin to Mayo on a Chopper to open a lemonade stand.
Invite was sent to all TDs. That’s the way they’ve always done it before. He knew months in advance when it was on.
I heard he was promised a Fisher Price ‘My Big Computer’..but they didn’t hand it over…so Edna got in a huff…
Enda can’t make the meeting because:
a) He has a meeting with his boss in Malta
b) He has a meeting with his other boss in Germany
c) He’s dying his hair again
d) He thinks the Web has something to do with spiders and he has acrophobia
Answers on a postcard please.
Did “Inda” Not know this event was going on? Is he so special that he needed an Invitation?
@Tap Solny – I think you misunderstand, there’s no question of Enda cycling to Mayo
One of the Special Branch would pedal, Enda would sit on the handlebar
They’ll need to get a few more lads to hold up antennae on the roof to strengthen t’internoid signal
Pathetic from Cosgrave again this morning, whining he had no meetings with Ministers. Left out -
1) Direct access to Dept of Taoiseach
2) Personal appearance by Taoiseach last year
3) €700,000 in Gov funding over last 4 years.
This spoilt and very, very rich man has made a ton of money gouging event goers (minimum price €1,250 a ticket???) for 4 years and now has the neck to demand free Leap cards for attendees and his own personal Garda Escort?
Don’t let the door hit you on the way out, Paddy.
1) Direct access to the Taoiseach’s assistant who did nothing over months of correspondence. 2) Taoiseach turns up at all these events. 3) Government funding!? They didn’t receive a cent of a subsidy. These were normal commercial payments for advertising and space paid by all of the government departments. More spin. The email thread was a shocking read
With the two for one voucher,I got my ticket for €380 so you’re minimum price there is bs Barry.
“Enda, I’m not looking for a penny, I swear.
I just need you to illegally put pressure on Dublin’s oldest philanthropic society, suspend free market economics for the hotel industry and provide a fleet of winged unicorns to fly me and my 50,000 friends home every night.
WHY WON’T YOU JUST CAVE INTO MY DEMANDS IMMEDIATELY????”
Wow €380 what an absolute bargain!! (sarcasm).
@ Dara
I hope it is worth it for you, Dara.
My info is directly from the site. Link – https://websummit.net/tickets
Standard price for an attendee (not early bird and not 2 for 1) is €1,245.
You may have got a limited offer deal on your ticket. Congratulations.
But a bog standard no frills ticket is €1,245 and if you don’t believe me, click the link.
He asked for a basic plan to ensure no disruption like what happened in 2014 when extra Gardai had to be drafted in at short notice to manage the traffic and crowds. If you read the emails they clearly said even a basic outline of a plan would be good enough for them to continue.
The prices are the same for all of the summits of this size. This is one week in the year where they get income. For the rest of the year they have no sales, only expenses. It’s a commercial event for businesses not individuals. Over 40,000 people are attending. Clearly it’s a success story and if their pricing was excessive then it wouldn’t get such massive crowds.
A huge loss for Dublin and Ireland.
@ Robert Power
It may be a loss to Dublin but it would entirely incorrect to say that Paddy Cosgrave is blameless in this.
He made the decision to move for commercial reasons.
The move will make this rich man even richer, and fair play to him. He is a businessman and good at what he does.
The endless spinning and whining is disgusting though. He made the decision to maove and he made it for more money. I’ve about as much sympathy for this “exile” as I do for DOB.
The Websummit clearly said they would stay if there was a basic plan. Why would they bother make such a big deal out of it if they had planned to move all along. They obviously didn’t.
He’s an entrepreneur who started this from scratch 5 years ago and you’re moaning that he’s been successful?! The only spin is coming from the Government who realise the mess they’ve made again. “Exile”, who is keeping the offices and jobs in Dublin….
Huge loss to Ireland.
Repped, completely expect this to fail in the next couple of years, it’s a total scam.
This thing seems like a complete scam. I remember applying for free tickets, which I never received. Instead I was bombarded with spam from this Paddy clown
That’s his job as organiser he should have anticipated the scenario they sold tickets ffs. The arranged with garda and the council to get an action plan in place. Seems to me he wants everything done for him and paid for him.
Robert, you’re not allowed to slag off Enda’s photo opportunities, or Enda, or the government. They are responsible for nothing, and want credit for everything.
The country has bent over long enough to support the summit let Cosgrave take a hike
Go on…
400 in 2010 and now 40.000 , every year bigger numbers and thanks to the shambles here, next year 0.
125,000 at ploughing festival last year. Mind you, the organisers aren’t petulant children.
Elma hats off to the organiser of the ploughing championship able to organise such a successful event without spending the year pissing and moaning demanding freebies.
The ploughing is fantastic every year but its selling point is not the internet. The web summit is. It’s in the name. Decent WiFi and broadband in the capital would help not be an embarrassment. The gardai have diversions and road closures for the ploughing so wrath how are these freebies.
I think working WiFi is a basic requirement for a Web Summit…. And hardly looking for a freebie.
Websummit is a private company why is it up to the government to sort out the wifi?
They want the government to roll out the red carpet organise everything for them all for a summit that only the elites of the tech world can attend because of the extortionate price of tickets. Slan Paddy enjoy the weather in Lisbon and the extra cold hard cash it will put in your pocket.
And how many hotel rooms and restaurants were filled in Ballynowhere this year in account of the ploughing?
@cheney hahaha, who do you think bankrolls the ploughing championship, or does that happen for free?
Just to Clarify Elam….. The Ploughing managed to get 125k in 1 Day. 281k over the 3 days….. No problem with Wifi down there (in the middle of a field) and the NPA didn’t have to send an e-mail to Enda Kenny to get him to re-boot the Router at any stage.
Lets face it, the web summit has been unmasked over the last few months as a complete sham.
For the record the ploughing supplied high quality free wifi last year, to a much higher standard than the web summit. The ploughing has been live streamed successfully for the past 3 years, from a field in Laois. Traffic and hotels an annual problem at ploughing but the organisers aren’t throwing their toys out of the pram
As far as I’m aware there were more expensive WiFi packages available that the Web Summit opted not to pay for, the went with the cheap option then moaned it wasn’t working. Internet in Dublin is excellent generally
If this was something Dennis was organising there would be much more than a red carpet rolled out. No problems with security either. And if Dennis wanted to move it to Malta, Enda would be chasing him with wads of money.
U web dudes want to make money out of hot air….Facebook etc ….
Yeah free web dudes
Better wifi at the Ploughing too I believe.
paddy cosgrave, the answer to a question no one will ever ask
“Who’s this ungrateful lobbyist shaking down government for taxpayer money?”
Without a shadow of doubt, this cosgrave chap is a complete wan&£er, pathetic Steve jobs wanna be with his cheap Woolly jumpers. I never thought I would agree with a single decision enda Kenny made but stay the fu@k away from this buffoons event, interesting not that many us networks reporting live from this event this year, perhaps it’s shine is looking It’s lustre
He thinks he’s starring in his own Aaron Sorkin screenplay.
I normally don’t defend the goverment much, but what kind of idiot send an invitation to the head of government of a Friday, and expects him to show up the following week. I sincerely wish Cosgrave, the money-grabbing guttersnipe, the worst of luck with Lisbon
I’m all for Government bashing and have done so many times in the past. But my god Paddy Cosgrave just stop talking already. His reputation is becoming a whinger which is not very becoming of a young hip entrepreneur tech type. Grand you didn’t feel like the Irish Government offered enough support. Move on.
He did
Why hasn’t Cosgrove been quizzed about the idea that it was him that bought up all the hotel spaces and sells them at an exorbitant profit, moany git who hoped Joe public would side with him
Any evidence of this?
Look, Cograve was moving the thing in any event, no matter what, all such `conferences`, or grandly titled `summit`s move to exotic places, this is an artificial spat manufactured for further publicity.
40k nerds in one place – sounds a barrel of laughs
This guy is a moaner…zzzzzzzzzzzzzzzzzzzzzz
My mate paid 1,250 for a ticket last year, said it was only alright, the money could be better spent.
The embarrassment of Macedonia having faster national broadband speed at a cheaper price must be keeping the business savvy Taoiseach away.
Not sure where you got that fact I looked up on Wikipedia and it seems we are 9th in the world I could not find Macedonia on the list
My broadband consists of this pay 35 euro if someone else uses it in the house at the same time as me it nearly crashes . 1 minute requirement time for loading of each page. I would question wikipedia data maybe the speed in the capital is fast in rural areas abysmal im sure more people will clarify. It is affecting business and job creation. I only say Macedonia because i have a friend down there working on their broadband upgrades and it will be faster nationally and cheaper than Ireland when they are finished.
I will trust the crowd reviewed source of Wikipedia rather than your Anecdotal evidence
Trust who you want but their is a 100 other articles who say our broadband is crap.
Link?
Maybe if you had to use Irish broadband you may think differently im sure the Chinese are well up to speed.
The link is business people in rural areas on the rte news begging for broadband upgrade do you watch it from China.
Thought so …enjoy your noodles.
Anecdotally ireland’s is much better. And according to the same Wikipedia article our average speed is nearly 3 times higher. Maybe just maybe the grass is not greener
That’s ireland’s is 3 times higher.
Thats great wikipedia will sort it all out so when you’ve started up a business and your broadband is so slow you lose your customers and have to offer cheap prices to try and keep them. Again Data is great send wikipedia down to where i live in Kerry the can see for themselves and then you can read it and then you will know .
Well I hope you get better broadband options soon.
20 quid for a burger on top of all the other charges and the WiFi is so bad you can’t even complain on line.
Weird amount of anger directed at a guy who organised an event that made some of the hottest startups pay attention to, and give an excuse to visit, Ireland. Are DCC in the office early or something? Lisbon has got the summit for 3 years. The UK are actively trying to attract it; flying delegates over and back. So don’t worry lads, someone will happily take this chore of a summit of us.
I hope they’ve plenty of vaseline.
Exactly and the Irish will have exported another hero and kept the trash and begrudgers at home.
Its a bizarre amount of invective for someone who wanted working WiFi, the ability for delegates to get around and maybe not pay excessive room rates. Its likely theres a few vested interests in this thread……and weirdos.
If he wanted working Wifi he shouyld have made sure he had it organised, the same as every other event company does that organises such events – it isnt the Governments or the tax payers role to supply Wifi to private events. Paddy has been quick enough to hike the price on tickets to his event as it has grown in popularity yet moans when the hotels raise their prices – again do a deal with a hotel group but dont expect the taxpayer or the Government to get involved in such commercial matters. Traffic plans, garda escorts etc all at the taax payers expense – cop onto yourself?? Organise it and pay for it like evey other event. 40000 people sounds like a huge amount but the reality is the Web Summit isnt even in the top ten events in Ireland in terms of attendance. The Six Nations games will bring far in excess of that to Dublin.
Not a fan of Mr Cosgrove but just checked prices for next years Web Summit (not that I would go ) prices range from €65.65 upwards and in Dublin for this years summit €179 upwards all based on 1 room 1 night 1 person.
Presume you mean Hotel prices? You do know that they will rise over the next year, as the event gets closer. Also, a bog standard ticket to the Websummit costs €1,245. Just for a regular attendee. It’s a bit rich to contain about hotels gouging when the price of a ticket is 6 times higher than the hotel.
I suspect that the Government would rather the Web Summit fail not that they have been embarrassed by it..
Wonder will FG let Enda go?
Maybe we could get funderland to fill the gap?
I see dick bruton will be there instead to save face for the gov eff up. I’d imagine if he gets the opportunity to speak, it’ll be something full of bluff like “Jobs, jobs, jobs, we’ve got jobs for everybody, jobs here, jobs there, jobs everywhere, jobs, jobs, etc, etc, etc…………..” Guy is full of sh_t, no substance.
Paddy cosgrave has got a bit of a god complex,
Piss off paddy!!!
Bigger issues to be worked on!!
I’ve not hated someone like him in absolute years. Not since Gavin Lambe Murphy.
We are a market research company that are surveying public opinion on the decision to move web summit to Lisbon in 2016. Have your say at http://www.websummit.ie
That’s great. Do ye have a landline per chance. Do you want my back details?
Typical useless government
It is interesting that President Higgins is not to address the Web Summit, which is to attract over 40,000 international visitors. His centre of gravity this week is to entertain his soul mate President Morales of Bolivia and to attend the FAI Cup Final. Our family silver is clearly very precious and must not be exposed in a sophisticated environment.
It’s the end of the thousand welcomes, we seem to prefer austerity to opportunity and progress.
Should he go to every event in the Conference Centre aswell to address them?
There’s probably a middle ground here. Cosgrave shouldn’t be reliant on the government to provide WiFi at his event and force the hotels to cap their rates, and the authorities should be organising security and traffic controls that an event 40,000 people strong should be getting. We should also be critical of the government for not meeting with him (per those emails) to sort this out, and for not taking advantage of something like this being in our backyard.
A tech genius at the cutting edge who thinks we still use pennies. Oh, the irony!
Hush up and get lost so!!!
A friend of mine has gone there to seek funding for a business idea. If and when his business is worth X he will possibly think it was worth the £1250. Not to mention all the networking he will do. It is not about valuing it like a day at Glastonbury. Access across a lot of IT services in one day make it good value for a business.
there are no winners here. I doubt it will be as big a success in Lisbon, who has their HQ there – it has taken Ireland decades of investment in Irish-American business relationships to have the base in place for US tech (and pharma) to feel comfortable with Dublin. Paddy Cosgrave and the government are making a mock of it. By the way the last time I saw so many companies in one location making so little profit was tech conferences in the late 90s. be careful what you wish for! too much easy money knocking around at the moment to fund the next start up. most will fail. don’t let that destroy entrepreneurship but industries top out on greed and hubris.
Excellent article and also a really amazing blog site.Contact Now Page
We can’t compare website designers and developers but they come across to make website and we can’t compare it with sumo wrestling.ivr services
have your say