The company posted quarterly revenue of $50.6 billion and quarterly net income of $10.5 billion. These results compare to revenue of $58 billion and net income of $13.6 billion in the year-ago quarter.

Gross margin was 39.4 percent compared to 40.8 percent in the year-ago quarter.
Apple’s “dazzling 13-year run of quarterly revenue growth ended on Tuesday — a casualty of Apple’s already immense size, weakness in key global markets like China and the lack of another hot product to pry open the wallets of customers,” says Vindu Goel of The New York Times.

All told, international sales accounted for 67 percent of the quarter’s revenue.

Most disappointing, however, is the reality that Apple sold 16 percent fewer iPhones in Q2 of 2016 vs. Q2 of 2015.

“Our team executed extremely well in the face of strong macroeconomic headwinds,” said Tim Cook, Apple’s CEO. “We are very happy with the continued strong growth in revenue from Services, thanks to the incredible strength of the Apple ecosystem and our growing base of over one billion active devices.”

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Shares of Amazon exploded to the upside today, to the tune of 20% at one point this morning, reaching all-time highs on Wall Street.

“The e-commerce giant said after the closing bell Thursday that revenue for the three months ended in June rose 20% to $23.2 billion on a profit of $92 million, or 19 cents a share,” USA Today is reporting.

As for the future? Perhaps more of the same.

Kevin Kelly, chief investment officer for Recon Capital Partners in Greenwich, Conn., said he could see a day when Amazon’s fortunes rest not on its e-commerce division but its back-end cloud sales.

“They brought customers in at such a low cost and then got them hooked into their ecosystem,” Kelly tells the publication.

The post Shares of Amazon Reach New All-Time Highs appeared first on Mobile Marketing Watch.

Not only did revenue miss estimates, but Twitter also slashed its sales forecast.

Twitter reduced its full-year guidance to $2.17 billion to $2.27 billion (which is lower than the previously projected range of $2.3 billion to $2.35 billion).

Twitter said its revenue in the first quarter rose 74% to $436 million, up from $250 million a year earlier and missing analysts’ forecast of $456.2 million. Twitter reported adjusted earnings per share of 7 cents, up from zero cents a year earlier and beating analysts’ forecast of 4 cents.

According to Forbes, much attention ahead of yesterday’s report was directed toward how Twitter is handling its stalled user growth.

“Average monthly active users were 302 million for the first quarter, up 18% from 288 million a year earlier, down from 20% in the previous quarter,” the report notes. “Average mobile monthly active users represented about 80% of total monthly active users. Usage on the platform has become more difficult to track, especially in light of Twitter’s removal of its timeline views metric.”

One positive point? Ad revenue clocked in at $388 million, which is up 72% from the same quarter one year previously.

The post Twitter Tumbles on Disappointing Earnings appeared first on Mobile Marketing Watch.

After a record close on Tuesday, shares of AAPL drifted higher again Wednesday, seemingly bolstered by the unrelenting momentum of last week’s powerful and inspiring earnings report.

Although it remains to be seen if AAPL will move any higher than $107 this week, a growing number of industry analysts and market watchers now believe the next stop for AAPL is $120.

If Apple has the blockbuster holiday quarter investors are calling for, Apple will likely encounter very few issues excelling well beyond current projections early in the new year.

“Since May 20,” Apple Insider reports, “Apple’s share have appreciated 23.57 percent and have paid out a one-half percent dividend. IBM, in contrast, has consistently trailed Apple’s upward climb throughout the year and is currently down 12.55 percent. The company is gearing up for additional growth in 2015, having reported an all time high $1.7 billion investment in research & development in the last quarter, contributing toward $6 billion in R&D spending for fiscal 2014.”

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Yahoo “is making amends for years of blundering with one smart move: an early investment in Alibaba Group that has turned into a multibillion-dollar boon,” reports State Journal.

It’s hard to find fault with that assessment.

According to AP Technology Writer Michael Liedtke, the latest windfall came with Alibaba’s record-setting IPO completed September 18, in which the Chinese e-commerce giant raised $25 billion. (Alibaba’s shares began trading the next day on the New York Stock Exchange).

“Yahoo is in line to make $8.3 billion to $9.5 billion from the initial public offering, depending on whether investment bankers exercise their right within the next month to buy additional stock in the deal,” notes Liedtke.

For Yahoo, it’s kind of like winning the lottery.

“Yahoo now must decide what to do with the money that will pour in from Alibaba’s IPO,” Liedtke says. “Mayer has promised that at least half the amount, after taxes, will be returned to shareholders through dividends or, more likely, buying back stock. That leaves open the possibility that Yahoo might use the rest of the money from the Alibaba IPO to help finance an acquisition of another Internet company such as AOL Inc. or a hot startup such as social media company Pinterest in its latest attempt to revive its business.”

The post Abracadabra! Yahoo Wins Big From Investment in Alibaba appeared first on Mobile Marketing Watch.

That’s right, the maker of Candy Crush is cashing in and going public.

Following its April 2012 launch, everyone and their mother has been playing Candy Crush, a contemporary variation of familiar match-three games. Each level sports a game board colorfully littered with different candies and obstacles to their alignment – the basic challenge of this game.

On Tuesday, King Digital Entertainment, the company behind the game, filed for an initial public offering of stock in search of at least $500 million in financing and a massive multibillion-dollar valuation.

King confirmed that Candy Crush now generates close to 80 percent of the company’s revenue, which approached $2 billion by the end of last year.

“The IPO will include shares offered by the company as well as those offered by existing stockholders,” The AP reports. “The Dublin-based company, which has offices in Sweden, London, San Francisco and elsewhere, plans to list its stock on the New York Stock Exchange under the ticker symbol ‘KING.'”

The post Mobile Gives Rise to What May Be Wall Street's Most Addictive Stock appeared first on Mobile Marketing Watch.

Mark Zuckerberg’s company, which debuted on Wall Street amidst buoyant expectations and no clear mobile revenue strategy, stumbled for months at the expense of shareholders before finally regaining its lost step and recovering its early momentum.

Twitter, on the hand, wants to get it right from the start.

On Thursday, Twitter revealed what many analysts are calling modest ambitions. The microblogging giant’s initial offering would raise up to $1.6 billion and value the company at approximately $11 billion.

It goes without saying that this valuation is far more conservative than the $15 billion some analysts had expected.

Twitter plans to sell 70 million shares between $17 and $20 apiece.

The post Twitter Looks to Avoid Facebook’s IPO Debacle appeared first on Mobile Marketing Watch.

For the time being, the only details we’re gleaning from Apple Store locations is that which we largely expected. Supplies of the iPhone 5S are incredibly limited.

Nonetheless, Piper Jaffray analyst Gene Munster thinks Apple could sell 5 to 6 million combined unit sales this weekend.
KGI analyst Ming-Chi Kuo is more optimistic, suggesting that as many as 8 million units may be sold.

Of course, another more disappointing scenario could play out.

“Positive reviews and very good functionality for the two new iPhones and iOS 7 will help in the long-run but if Apple can’t make enough to have units in stores or be available on Internet sites to be shipped in the first few days it would not surprise me to see the company announce on Monday sales below last years 5 million plus for the iPhone 5 and come in around 3 to 4 million,” says Chuck Jones of Forbes.

What do you expect for opening weekend sales of Apple’s iPhone 5C and iPhone 5S?

The post Wall Street Nervously Watching Apple Stores on Friday appeared first on Mobile Marketing Watch.

We’ve known for some time now than an IPO was inevitable for the seven-year-old social network, but only this week did the company formally file the necessary paperwork with the U.S. Securities and Exchange Commission to begin the process of going public.

Twitter, however, is largely operating under a cloak of secrecy at this stage. And it’s legally allowed to do so.

“Twitter is taking advantage of federal legislation passed last year that allows companies with less than $1 billion in revenue in its last fiscal year to avoid submitting public IPO documents,” the AP reports.
Shortly after the announcement Thursday, MMW spoke with Howie Schwartz, founder and CEO of Human Demand. Schwartz didn’t seemed surprised by the news.

“Twitter announcing its filing to go public was expected,” he said. “The timing is really interesting as it is days after buying Mopub, which was a great move in strengthening their mobile ad positioning prior to going public and the same week Facebook stock hit new highs.”

“Twitter clearly learned from Facebook that getting your ‘mobile ad house in order’ prior to going public was critical, as this is what has led the recovery of Facebook in the market,” Schwartz adds. “Twitter will be a major player in the mobile ad space by leveraging its rich audience data and focusing on its newly announced mobile exchange ambitions with the Mopub acquisition.”

At present, the bulk of Twitter’s revenue comes from advertising. Twitter is expected to generate $582.8 million in global ad revenue this year, roughly double its 2012 revenue.

The post Twitter Tweets Intentions for IPO appeared first on Mobile Marketing Watch.

While the tech world is largely impressed with the innovations touted, traders are expressing concern about another issue – the price tag attached to Apple’s iPhone 5C.

Billed as the low-end, entry-level iPhone model capable of giving Apple an attractive edge in emerging mobile markets like China and India, the iPhone 5C is not as affordable as hoped.

Scores of Wall Street watchers were hoping for an iPhone 5C price of $400 or less without a contract subsidy. Instead, the The iPhone 5C starts at $549.

“Bank of America-Merrill Lynch downgraded Apple to ‘neutral’ from ‘buy,'” ABC News reported this morning. “Similar actions were taken by analysts for Credit Suisse, Piper Jaffray and UBS.”

As a result, Wall Street reacted unfavorably to Apple today. As of this writing, AAPL is down close to 6% or $30 per share.

The post Apple Takes a Hump Day Thumping on Wall Street appeared first on Mobile Marketing Watch.