Tuesday, May 1, 2018 - Apple Earnings and Facebook's F8
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 1 May 2018
⏱️ 17 minutes
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| 0:00.0 | Welcome to the Tech Mem Ride Home for Tuesday, May 1st, 2018. Today, Apple's earnings numbers are out, all of the announcements from Facebook's F8 |
| 0:16.3 | conference, a WhatsApp founder leaves, publishers criticize Google over GDPR, and will Comcast only give you faster internet speeds |
| 0:26.7 | if you subscribe to cable TV? Here's what you missed today in the world of tech. Apple's quarterly numbers came out mere minutes ago, as I did last week, I'll give you the headlines |
| 0:42.3 | and if there's any major wrinkles to report we'll delve into it tomorrow |
| 0:46.8 | quarterly revenues and earnings beat consensus expectations but Apple sold ever so slightly fewer iPhones than had been expected. |
| 0:55.0 | Quarterly revenue came in at 61.1 billion versus 60.82 billion expected. |
| 1:01.0 | That was up 16%, the fastest growth in more than two years. |
| 1:06.4 | Earnings per share were $2.73 versus $2.64.6.00. |
| 1:14.4 | iPhone unit sales were $52.2 million versus $52.54 million expected. |
| 1:20.8 | That's where that slight disappointment comes from. |
| 1:23.0 | As far as those weak iPhone 10 rumors, |
| 1:27.0 | in the earnings statement, CEO Tim Cook said that customers, |
| 1:31.0 | quote, chose iPhone 10 more than any other iPhone each week in the |
| 1:34.8 | March quarter. Two things investors were looking for, Apple announced a $100 |
| 1:40.2 | billion share repurchase authorization and it is raising its dividend by 16%. |
| 1:47.1 | And Apple reported record services revenue of $9.2 billion, easily beating analyst forecasts, up 31% year over year. |
| 1:57.0 | At the time of this recording, Apple's shares were up 4% in after hours trading. |
| 2:09.0 | Facebook's F8 developers conference kicked off today. And as a lot of people surmised, |
| 2:11.0 | it wasn't exactly all developers, developers, developers, to paraphrase Steve |
| 2:16.7 | bomber. |
| 2:17.7 | There were plenty of real headlines for normal users as well. |
| 2:21.8 | The biggest is the news that Facebook users can now stop their |
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