Tuesday, 29 January 2019

Apple’s global active install base of iPhones surpassed 900 million this quarter

It’s not surprising that Apple has a massive active install base of iPhones across the globe, but we now finally have an exact number to put behind it. During its Q1 earnings call, CFO Luca Maestri shared the install base for the first time.

“Our global active install base of iPhone continues to grow and has reached an all-time-high at the end of December,” Maestri said. “We are disclosing that number now for the first time, it has surpassed 900 million devices.”

Apple has previously detailed the total active install base of its products. They updated the number today to 1.4 billion devices worldwide at the end of December 2018, up from 1.3 billion at the end of January 2018. It’s interesting that Apple has decided to break out iPhone device numbers even as it shies away from releasing unit sales in its earning calls from this point moving forward.

Maestri detailed that Apple would continue to offer updated on the iPhone install base and total install base on a “periodic basis.”

Apple seems to be seeking out bright spots wherever they can find them, the Q1 2019 earning didn’t deliver great news for the company despite beating already-reduced market expectations. iPhone revenues were down 15 percent.



from Apple – TechCrunch https://tcrn.ch/2Wpx6fj

Apple partners with Aetna to launch health app leveraging Apple Watch data

In its clearest move yet to woo the healthcare industry, Apple has collaborated with the health insurance provider Aetna to launch a new app, called Attain, that uses Apple Watch data to provide a window into users’ health.

The launch stems from a 2016 collaboration between the insurer and Apple that saw 90 percent of participants in a study reported a health benefit from using their Apple Watch.

Both Apple and Google (through its parent company, Alphabet) have been making headway into personalized health using wearables. Earlier this month, Alphabet’s Verily business unit had its wearable device approved by the FDA for tracking heart health. Apple had received its approval from the FDA in September 2018 when it launched a new version of the Apple Watch.

“We believe that people should be able to play a more active role in managing their well-being. Every day, we receive emails and letters from people all over the world who have found great benefit by incorporating Apple Watch into their lives and daily routines,” said Jeff Williams, Apple’s COO. “As we learn over time, the goal is to make more customized recommendations that will help members accomplish their goals and live healthier lives.”

Healthcare has been on Apple’s radar since at least 2016, when Tim Cook targeted it as an area the company was looking to pursue in an interview with Fast Company:

“We’ve gotten into the health arena and we started looking at wellness, that took us to pulling a string to thinking about research, pulling that string a little further took us to some patient-care stuff, and that pulled a string that’s taking us into some other stuff,” [Cook said at the time]. “When you look at most of the solutions, whether it’s devices, or things coming up out of Big Pharma, first and foremost, they are done to get the reimbursement [from an insurance provider]. Not thinking about what helps the patient. So if you don’t care about reimbursement, which we have the privilege of doing, that may even make the smartphone market look small.”

The new Attain app consists of four pillars divided into achieving activity goals; sustaining everyday health, personalized health notifications; and rewards for achievements.

The app determines personalized activity goals based on age, sex and weight, and includes a more varied array of potential activities than just steps taken — using the Apple Watch to measure swimming and yoga as potential activities.

Aetna’s app will also offer challenges where participants earn points for taking actions like getting more sleep, engaging in meditation activities and monitoring and improving their diet.

Attain will also recommend health actions based on the healthcare reports culled from the health records that Aetna’s patient population shares through the app. Created alongside physicians, the app uses doctor-recommended clinical guidelines and will incorporate prompts for healthy actions, like getting flu shots and vaccinations, refilling medication prescriptions when they’re scheduled to run out; suggesting visits to primary care physicians if checkups have lagged and prompting about lower-cost options for lab tests.

Finally, users can earn rewards — like points off the cost of their Apple Watch or gift cards to national stores. The app is available to Aetna members who have an iPhone 5s or later and an Apple Watch Series 1 or later.

“From fitness enthusiasts, to casual gym-goers, to parents who get all their exercise by keeping up with their kids – we designed Attain for everyone,” said Alan Lotvin, M.D., executive vice president of Transformation for CVS Health, in a statement. “We understand that you don’t need to be a personal trainer or work out several hours a day to be healthier. We’re designing Attain to be personalized and clinically relevant to where each individual is in their health journey. This is an ambitious challenge, and we will adapt and improve over time to create the best experience for our members.”

After users have signed up with the Attain app they can share data and health history with Apple, giving both companies access to data that can be used later for potential clinical trials or to make predictions abut population health… while the companies are pitching it as a way to get more personalized suggestions from the app.

According to a statement from the company, all the health data is encrypted on the device, in transit and on Apple and Aetna’s servers where it is stored in a HIPAA-compliant way.

The companies also say that the data won’t be used for underwriting, premium or coverage decisions.

In the future you could see Apple and Aetna collaborating to make Apple Watches an employee benefit — like computers — to track employee health and lower healthcare costs. It’d be a win-win for both.

But as Apple pushes deeper into collecting health records and data, the company is setting a high bar for its security protocols at a time when the company is still cleaning up the mess from a bug that left FaceTime users exposed.

 



from Apple – TechCrunch https://tcrn.ch/2GaQJlh

Apple is rethinking international iPhone pricing as revenues slip

When Apple lowered guidance on earnings earlier this month, it cited markets like China as a major factor in its disappointing numbers. Sure enough, when earnings hit today, things didn’t look great, as iPhone revenues dipped 15 percent year over year for the quarter.

In an interview with Reuters earlier today, Tim Cook noted that the company is reassessing how it sells handsets outside of the U.S. Apple has traditionally relied on the U.S. dollar to set the price, which has led to steeper costs internationally.

“When you look at foreign currencies and then particularly those markets that weakened over the last year those (iPhone price) increases were obviously more,” the CEO said. “And so as we’ve gotten into January and assessed the macroeconomic condition in some of those markets we’ve decided to go back to more commensurate with what our local prices were a year ago in hopes of helping the sales in those areas.”

There are, of course, a lot of factors at play here. For one thing, global smartphone numbers have been on the decline for the first time since analysts began recording such figures. Handsets have gotten pretty good across the board and afforded fewer killer reasons to upgrade every two or so years.

Economic factors are also at play in a major way. That certainly goes for China, where the country’s slowed growth has led to fewer large purchases. A looming trade war between the U.S.  and China has had an impact as well, with tariffs and other factors, as companies like Huawei have managed to buck the trend in their home country.



from iPhone – TechCrunch https://tcrn.ch/2BdoyyZ

Yep, iPhone revenue is down

Apple’s Q1 earnings are in, and things don’t look too rosy for the iPhone. Revenue for the handset has declined 15 percent year over year for the quarter. It’s a pretty hefty drop for a device that’s been flying high for so long, but you can’t say Apple didn’t warn us. Earlier this month, Tim Cook noted that the company was lowering its guidance, thanks in no small part to smartphone figures.

In its earlier report, the company put much of the blame at the feet of the Chinese market. There are a lot of factors on that front, including slowing economic growth in the world’s largest smartphone market, and a general trend toward prolonged upgrade cycles, as users are holding onto devices for longer. That’s been a large part of the reason that smartphone sales are down nearly across the board, marking the first contraction of the category since analysts began tracking it. 

Last year’s arrival of the XS marked a less dramatic refresh than the iPhone X, but Apple also introduced a new budget handset with the XR. That device has reportedly been a disappointment, though Apple has repeatedly noted that the device has been the best selling iPhone since its October launch.

Notably, those numbers are offset somewhat by growth in other categories. The iPad grew 17 percent on the strength of new models, while Mac/Wearables and Home/Accessories each grew, at 9 and 33 percent, respectively. Services, meanwhile, saw the biggest uptick at 19 percent to $10.9 billion — an all-time high for the category.

“While it was disappointing to miss our revenue guidance, we manage Apple for the long term, and this quarter’s results demonstrate that the underlying strength of our business runs deep and wide,” Cook said in a statement. “Our active installed base of devices reached an all-time high of 1.4 billion in the first quarter, growing in each of our geographic segments. That’s a great testament to the satisfaction and loyalty of our customers, and it’s driving our Services business to new records thanks to our large and fast-growing ecosystem.”



from iPhone – TechCrunch https://tcrn.ch/2UtkTo2

Apple is rethinking international iPhone pricing as revenues slip

When Apple lowered guidance on earnings earlier this month, it cited markets like China as a major factor in its disappointing numbers. Sure enough, when earnings hit today, things didn’t look great, as iPhone revenues dipped 15 percent year over year for the quarter.

In an interview with Reuters earlier today, Tim Cook noted that the company is reassessing how it sells handsets outside of the U.S. Apple has traditionally relied on the U.S. dollar to set the price, which has led to steeper costs internationally.

“When you look at foreign currencies and then particularly those markets that weakened over the last year those (iPhone price) increases were obviously more,” the CEO said. “And so as we’ve gotten into January and assessed the macroeconomic condition in some of those markets we’ve decided to go back to more commensurate with what our local prices were a year ago in hopes of helping the sales in those areas.”

There are, of course, a lot of factors at play here. For one thing, global smartphone numbers have been on the decline for the first time since analysts began recording such figures. Handsets have gotten pretty good across the board and afforded fewer killer reasons to upgrade every two or so years.

Economic factors are also at play in a major way. That certainly goes for China, where the country’s slowed growth has led to fewer large purchases. A looming trade war between the U.S.  and China has had an impact as well, with tariffs and other factors, as companies like Huawei have managed to buck the trend in their home country.



from Apple – TechCrunch https://tcrn.ch/2BdoyyZ

Yep, iPhone revenue is down

Apple’s Q1 earnings are in, and things don’t look too rosy the iPhone. Revenue for the handset has declined 15 percent year over year for the quarter. It’s a pretty hefty drop for device that’s been flying high for so long, but you can’t say Apple didn’t warn us. Earlier this month, Tim Cook noted that the company was lowering its guidance, thanks in no small part to smartphone figures.

In its earlier report, the company put much of the blame at the feet of the Chinese market. There are a lot of factors on that front, including slowing economic growth in the world’s largest smartphone market, and a general trend toward prolonged upgrade cycles, as users are holding onto devices for longer.

Notably, those numbers are off-set somewhat by growth in other categories. The iPad grew 17 percent on the strength of new models, while Mac/Wearables and Home/Accessories each grew, at nine and 33 percent, respectively. Services, meanwhile, saw the biggest uptick at 19 percent to $10.9 — an all-time high for the category.

“While it was disappointing to miss our revenue guidance, we manage Apple for the long term, and this quarter’s results demonstrate that the underlying strength of our business runs deep and wide,” Cook said in a statement. “Our active installed base of devices reached an all-time high of 1.4 billion in the first quarter, growing in each of our geographic segments. That’s a great testament to the satisfaction and loyalty of our customers, and it’s driving our Services business to new records thanks to our large and fast-growing ecosystem.”



from Apple – TechCrunch https://tcrn.ch/2UtkTo2

Apple posts Q1 revenue decline with iPhone sales down 15 percent

Apple reported revenue of $84.3 billion with $4.22 in basic earnings per share, falling largely in line with Wall Street expectations of $84 billion with an EPS of $4.17. The company’s revenue shrank 5 percent year-over-year from $88.3 billion one year ago. Apple shares popped 2 percent after-hours.

While Apple’s revenue arrived closely in line with expectations, the number is a far cry from the guidance Apple offered in November. Earlier this month, Apple CEO Tim Cook issued a letter to investors, slashing Q1 guidance from a range of between $89 billion and $93 billion to $84 billion. Apple’s stock price cratered nearly 10 percent when Cook’s letter was released, a drop that represented the worst single-day plunge for the company in more than five years. Apple’s wild stock fluctuations have been a cause for a lot of uneasiness amongst the broader market.

Apple’s revenues in Greater China shrank nearly 27 percent to $13.2 billion compared to $18 billion in the quarter one year ago.

This is notably the first quarter that Apple has not included unit sales for its product lines including iPhone, iPad and Mac. iPhone revenues were down 15 percent year-over-year with $52 billion in revenue in Q1 2019 compared to $61.1 billion in Q1 2018. It wasn’t all bad news, the company saw gains across each of its other product divisions with Services up 19 percent, Mac up 9 percent, iPad up 17 percent, and the newly renamed “Wearables, Home and Accessories” vertical up 33 percent.

Last quarter, Apple’s iPhone revenue climbed 29 percent year-over-year while iPad revenue dropped 15 percent. Revenue for Mac climbed 3 percent, while Other Products revenue (Apple Watch, HomePod, AirPods, Beats) jumped 31 percent and Services saw 17 percent year-over-year gains.

“While it was disappointing to miss our revenue guidance, we manage Apple for the long term, and this quarter’s results demonstrate that the underlying strength of our business runs deep and wide,” Apple CEO Tim Cook said in a statement.

Developing



from Apple – TechCrunch https://tcrn.ch/2RZuMgr