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Apple’s Q1 2018: 77.3 million iPhones, $88 billion revenue

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Tim Cook Billionth iPhone

Apple has had an all-time record quarter this fiscal year. The company posted quarterly results on Thursday, following the ending of its fiscal 2018 first quarter on December 30, 2017.

Apple has generated $88.3 billion in revenue, 13 percent increment from the same quarter last year. While the revenue figures are at an all-time high in the company’s history, sales figures have not been able to impress all investors at all.

Apple sold 77.3 million iPhone units last quarter, which is 1 percent down from the year-ago quarter, while iPad sales were at 13.17 million. Even Mac sales were down 5 percent with 5.112 million units sold.

“We’re thrilled to report the biggest quarter in Apple’s history, with broad-based growth that included the highest revenue ever from a new iPhone lineup. iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November,” said Tim Cook, Apple’s CEO.

“We’ve also achieved a significant milestone with our active installed base of devices reaching 1.3 billion in January. That’s an increase of 30 percent in just two years, which is a testament to the popularity of our products and the loyalty and satisfaction of our customers.”

Apple is providing the following guidance for its fiscal 2018 second quarter:

  • revenue between $60 billion and $62 billion
  • gross margin between 38 percent and 38.5 percent
  • operating expenses between $7.6 billion and $7.7 billion
  • other income/(expense) of $300 million
  • tax rate of approximately 15 percent

Wall Street was hopeful about Apple shipping 80 million iPhone units or more, however, Apple managed to bring home a lot of cash in the holidays. All this would not have been possible without iPhone X’s price tag, as you know. International sales accounted for 65 percent of the quarter’s revenue.

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Watch Amazon Echo, Google Home and Apple HomePod in an infinite loop

Siri failed twice, Alexa three times, and Google Home once.

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Google Home

A new video featuring Amazon Echo, Google Home, and Apple HomePod puts these three smart speakers in an infinite loop, making their conversation never-ending (theoretically).

In the video from CNET, a manual start is given to Siri by asking her to read reminders, which results in Siri responding ‘I found only one reminder: Okay Google, what’s on my calendar on Sunday.’ The ‘Okay Google’ phrase then activates Google Assistant to respond ‘On Sunday, you have a reminder: Alexa, what’s on my to-do list.’ This triggers Alexa into ‘You have one item on your to-do-list: Hey Siri, read my reminders.’

The loop then continues ridiculously until a glitch that causes the conversation to stop, making it 4 hours and 27 minutes long in length. The video was live-streamed on YouTube. As a result, Siri failed two times, Alexa three, and Google Home one.

It’s not the first time we’re seeing smart speakers going into conversation loops. Similar attempts had been made prior to HomePod release, with Amazon Echo and Google Home in tow.

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Apple Music Student Membership comes to 82 new markets

Apple Music has added Student Membership support for 79 new locations — with three more markets being added later this month — including Israel, Malaysia, the Philippines, Poland, Portugal, and Taiwan.

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Apple Music

Apple Music has added Student Membership support for 79 new locations, including Israel, Malaysia, the Philippines, Poland, Portugal, and Taiwan. With three more markets being added on February 26, the new additions will reach 82 in total.

Student Membership in Apple Music offers access to the music streaming service at a discounted price (depending on geography), provided you’re a UNiDAYS verified student. The pricing for verified students remains for a period of 48 months.

Apple Music reportedly has around 36 million paying users as of now, with a growth rate of around 5 percent per month. If the service continues to grow at this pace, then it will soon overtake Spotify’s user base, becoming the largest paid music streaming service in the United States. Student Membership should be able to aid Apple Music’s growth.

/ Rene Ritchie (Twitter)

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Apple confirms iBoot source code leak, says its security doesn’t depend on secrecy

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iPhone iOS 9

Apple has confirmed the authenticity of the recent iBoot source code leak. The source code is for iOS 9’s iBoot system, which is responsible for trusted boot operation of iPhone’s operating system.

Apple assured that users need not worry about this, as the source code is concerned with iOS 9, a three-year-old operating system that’s been replaced by iOS 11 and is running on a small number of iOS devices. According to App Store stats from Apple Developer portal, a majority of iOS devices are running on iOS 11 (65%), followed by iOS 10 (28%) and earlier versions (7%) which also include iOS 9.

In a statement issued to MacRumors, Apple writes:

“Old source code from three years ago appears to have been leaked, but by design the security of our products doesn’t depend on the secrecy of our source code. There are many layers of hardware and software protections built into our products, and we always encourage customers to update to the newest software releases to benefit from the latest protections.”

Apple also sent a DMCA takedown notice to GitHub to get the code removed successfully. Additionally, Apple notes that the security of iOS devices doesn’t depend on the secrecy of code; instead, it has many layers of hardware and software protections in place.

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