Fri. 11/02 - Apple Earnings Up, Stock Down

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 2 November 2018

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Apple makes a pile of money and their stock tanks, Flickr ends its mega-free-storage plan, a classic internet cartoon gets a 4K makeover, browser extensions steal Facebook private messages, testing the latest smartphones to see how their batteries hold up, and the weekend longreads suggestions. Tweets: @neilcybart, @textfiles Links: Apple results: A record September quarter with $62.9B revenue (Six Colors) Apple’s price hike strategy is paying off (The Verge) Flickr will end 1TB of free storage and limit free users to 1,000 photos (The Verge) Several thoughts from your old pal Jason (Jason Scott/Twitter) The Cartoon That Invented Internet Culture Gets a High-Definition Rerelease (Intelligencer) Private messages from 81,000 hacked Facebook accounts for sale (BBC News) It’s not your imagination: Phone battery life is getting worse (Washington Post) ‘How the Internet Happened’ Review: Building a World Online (Wall Street Journal) The Betterment Weekend Longreads: The Facebook Dilemma, Part 1 (Frontline on YouTube) and The Facebook Dilemma, Part 2 (Frontline on YouTube) A Cryptocurrency Millionaire Wants to Build a Utopia in Nevada (New York Times) The Man Behind the Scooter Revolution (CityLab) A Fork in the Road for Avis (Fortune) The Encyclopedia of the Missing (Longreads) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meam Ride Home for Friday, November 2nd, 2018. I'm Chris Higgins in for Brian McCullough.
0:10.0	Today, Apple makes a pile of money in their stock tanks, Flickr ends its mega-free storage
0:16.6	plan, a classic internet cartoon gets a 4K makeover, browser extension steal Facebook private messages, testing the latest
0:25.0	smartphones to see how their batteries hold up, and of course the weekend long
0:29.0	read suggestions. Let's go.
0:38.0	Apple announced its quarterly earnings yesterday and there were some surprises. Analysts Neil Seibart said on Twitter,
0:40.0	this might have been the weirdest Apple Conference call in years.
0:44.0	So the earnings revealed yet another record breaking quarter.
0:49.0	Apple revenue was $62.9 billion with profit just over $14 billion.
0:54.1	Their services business continues healthy growth, and for the first time their revenue from services
0:58.6	reached $10 billion.
1:01.4	But then why did the stock go down so much that today Apple lost its status as a
1:06.2	one trillion dollar company? First in the earnings call after releasing their
1:10.8	financials Apple executives announced that starting next quarter they would no longer
1:14.4	release the number of units sold for iPhones, iPads, and Max. This was a real shocker for Apple analysts who have long
1:21.8	enjoyed Apple being one of the only companies
1:23.8	that releases these kinds of numbers. These numbers when paired with overall
1:28.5	revenue numbers by business segment allow analysts to infer things like which iPhone models are selling well.
1:34.0	But competitors like Samsung and Google and Amazon don't report those numbers.
1:38.0	They just report overall revenue.
1:40.0	And Apple is joining them.
1:42.0	Asked to explain the decision, CEO Tim Cook said, quote,
	...

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