On Tuesday evening, Apple hosted its third quarter earnings report call with media and industry analysts. And the company crushed it.
Driven by rejuvenated iPad and Mac sales, Apple’s revenue jumped 7.2 percent from a the same period last year to $45.4 billion, its best growth since Fall 2015.
“With revenue up 7 percent year-over-year, we’re happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue,” Apple CEO Tim Cook said in a statement. “We hosted an incredibly successful Worldwide Developers Conference in June, and we’re very excited about the advances in iOS, macOS, watchOS and tvOS coming this fall.”
This quarter, in particular, has always been one of the most interesting throughout any given year for a couple of reasons. For one, it’s historically Apple’s weakest quarter in the year as iPhone sales plateau ahead of the launch of a new model‑which didn’t happen this year. But analysts also tend to follow along closely because Apple’s future earnings estimates during this call tend to reveal how well the iPhone supply chain is performing ahead of the new launch (i.e., will there be enough iPhones to go around or not?). And with all of the new tech advances reportedly being built into the 10th anniversary iPhone, analysts have expressed concern.
Based on the guidance it provided for quarter four—revenue between $49 billion and $52 billion—it looks like any concerns about the new iPhones being ready are unfounded.
During the call, Cook was also pressed on comments made by President Trump around Apple promising to invest in manufacturing here in the United States by building three plants—something it hasn’t done in more than a decade. Cook declined to comment.
We assure you that iRobot will not sell customer data. Here's more info about Roomba privacy and data sharing: https://t.co/m7fcNVAEBv.
— iRobot (@iRobot) July 31, 2017
Last week, it was reported that iRobot manufacture Roomba was looking to sell consumer data it had collected through its robot vacuum to companies manufacturing in the smart home space. That data includes maps made of consumers’ homes as the autonomous vacuum skirts along the floor.
Now, Roomba is trying to do a little housekeeping of its own by calming consumers’ fears about what data it actually collects and what the company intends to do with that data. In an FAQ-styled post on its support website, Roomba explained that the company does not sell data. Rather, it’s just looking to give it away to smart home manufacturers (with the consent of the consumer, of course) to help improve the smart home experience.
“We will never violate [consumers’] trust by selling or misusing customer-related data, including data collected by our connected products,” the company said. “Right now, the data Roomba collects enables it to effectively clean the home and provides customers with information about cleaning performance. iRobot believes that in the future, this information could provide even more value for our customers by enabling the smart home and the devices within it to work better, but always with their explicit consent.” (Emphasis added by Roomba)
More CE News
- IBM and Sony have developed a new magnetic tape system that’s capable of storing 201 gigabytes of data per square inch. That’s roughly 330 terabytes in a single palm-sized cartridge.
- Big screens just keep getting bigger. Samsung unveiled an enormous new 88-inch QLED TV. The Q9 will run you a cool $20,000.