2025-08-19
MIT reviewed over 300 public corporate AI implementations and interviewed 150 leaders. Found 95% of GenAI pilot projects at companies are failing
Fortune
An MIT report finds that 95% of GenAI pilots at companies have little to no financial impact, due to the “learning gap” for both the tools and the companies
Good morning. Companies are betting on AI—yet nearly all enterprise pilots are stuck at the starting line.
2024-11-01
Apple iPhone revenues better than expected (by 1.6%) - but that could be just iPhone 16 channel fill. Key will be directional guide for Q4 on conf call. Mac revenue, iPad revenue, Other Products revenue (Watches and Airpods) & most importantly - Services revenues were all below
Apple Inc.
Apple reports Q4 revenue up 6% YoY to $94.9B, and net income down 36% YoY to $14.74B, after paying a $10.2B charge as part of an income tax decision in the EU
iPhone drives record September quarter revenue Services revenue reaches new all-time high — Apple® today announced financial results …
Apple iPhone revenues better than expected (by 1.6%) - but that could be just iPhone 16 channel fill. Key will be directional guide for Q4 on conf call. Mac revenue, iPad revenue, Other Products revenue (Watches and Airpods) & most importantly - Services revenues were all below
CNBC
Apple Q4 revenue: iPhone up 6% YoY to $46.22B, Mac up 2% YoY to $7.74B, iPad up 8% YoY to $6.95B, and Wearables, Home, and Accessories down 3% YoY to $9.04B
Apple reported earnings after the bell. Here are the results.
2024-10-24
Well knock me over with a feather - who could have guessed this was coming?? Oh, and by the way here's another headline today from The Information: “Apple Sharply Scales Back Production of Vision Pro.” Such a deal at 36 times earnings! [image]
Ming-Chi Kuo
Kuo: Apple has cut iPhone 16 orders by ~10M units for Q4 2024 and H1 2025, mostly non-Pro models, and plans 8.6M iPhone SE 4 units from December 2024 to Q1 2025
- iPhone 16 orders were cut by around 10M units for 4Q24-1H25, with most of the cuts affecting non-Pro models.
2024-07-26
Based upon reports from Verizon & AT&T in recent days (see my prior tweets), it appears Apple's Q2 iPhone smartphone upgrades in the U.S. were poor. Initial reports during Q2 showed Apple's shipments in China in April & May (largest smartphone mkt. in the world) rebounded (Y/Y gains) due to heavy discounting, but today Canalys announced Apple's smartphone shipments for all of Q2 fell 6.7% (June must have been a disaster). Overall Q2 smartphone shipments in China grew by 10% Y/Y. Apple's primary competitor in China (Huawei) saw its shipments jump 41% Y/Y. “As a result of this decline, Apple's ranking in the Chinese smartphone market fell from third to sixth place.” Reminder: AAPL's P/E ratio - 34x.
Reuters
Canalys: China's smartphone shipments rose 10% YoY in Q2, with Huawei's shipments up 41% YoY; Apple's market share in China dropped from 16% in Q2 2023 to 14%
Apple's smartphone shipments in China fell by 6.7% in the second quarter of 2024, as the tech giant faced intensifying competition …
2024-05-04
Apple revenues down 4% Y/Y. International revenues down 6%, iPhone sales -10% Y/Y, Greater China revenues -8.1%, Japan revenues -13%, net income down 2.2% Y/Y. But they slightly “beat” what everyone knew were “low-ball” estimates...And this crap report justifies a $13 (7.5%) jump in Apple's stock to a 29 P/E ratio? I can't wait until this nonsense ends...
Apple
Apple reports Q2 revenue down 4% YoY to $90.75B, net income down 2% to $23.64B, and announces a $110B share buyback, its largest yet
2024-05-03
@InvestWthIcebox It will become increasingly difficult to keep extracting more & more money from Apple's customer base for “services” if their iPhone unit sales are flat or keep falling- as happened in recent quarters. Just wait till the consumer recession in the U.S. hits.
Variety
Apple reports Q2 revenue from Services, which includes Apple TV+ and Apple Music, up 14% YoY to $23.9B, vs. $23.12B estimated, an all-time record
but Tim Cook still keeps us guessing Mike Robuck / Mobile World Live : Apple posts sluggish iPhone sales in Q2 Peter Kafka / Business Insider : Apple can't tell you iPhone sales ar...
@InvestWthIcebox It will become increasingly difficult to keep extracting more & more money from Apple's customer base for “services” if their iPhone unit sales are flat or keep falling- as happened in recent quarters. Just wait till the consumer recession in the U.S. hits.
CNBC
Apple Q2 revenue: iPhone down 10% YoY to $45.96B, Mac up 4% to $7.45B, iPad down 17% to $5.56B, and Wearables, Home, and Accessories down 10% to $7.91B
Apple CEO Tim Cook waves to journalists after his meeting with Indonesian President Joko Widodo at the Presidential Palace in Jakarta, Indonesia, April 17, 2024.
Apple revenues down 4% Y/Y. International revenues down 6%, iPhone sales -10% Y/Y, Greater China revenues -8.1%, Japan revenues -13%, net income down 2.2% Y/Y. But they slightly “beat” what everyone knew were “low-ball” estimates...And this crap report justifies a $13 (7.5%) jump in Apple's stock to a 29 P/E ratio? I can't wait until this nonsense ends...
CNBC
Apple Q2 revenue: iPhone down 10% YoY to $45.96B, Mac up 4% to $7.45B, iPad down 17% to $5.56B, and Wearables, Home, and Accessories down 10% to $7.91B
Apple CEO Tim Cook waves to journalists after his meeting with Indonesian President Joko Widodo at the Presidential Palace in Jakarta, Indonesia, April 17, 2024.
2024-01-24
There are no signs of an improvement in business conditions, in fact, they deteriorated further in Q4 & Q1 guide indicates more to go. The sequential decline was across all global regions (except “rest of Asia"). TXN “Hasn't seen a recovery in China that most of us expected.”
Bloomberg
Texas Instruments reports Q4 revenue down 13% YoY to $4.08B, vs. $4.13B est., and FY 2023 sales down ~13% YoY, the company's biggest fall in over a decade
Ian King / Bloomberg :
Texas Instruments is one of the largest semiconductor cos. & certainly has the broadest exposure (unlike NVDA or INTC), with “well over 100,000 customers” & 80,000 different products. Six consecutive qtrs. of Y/Y rev. drops. Order cancelations continued at an “elevated” level.
Bloomberg
Texas Instruments reports Q4 revenue down 13% YoY to $4.08B, vs. $4.13B est., and FY 2023 sales down ~13% YoY, the company's biggest fall in over a decade
Ian King / Bloomberg :
2023-11-22
“Nvidia earnings crush Wall St. estimates again.” Guided next qtr. higher too - & I couldn't be happier as I know NVDA is establishing comparisons inflated by double-ordering, hoarding & chip speculating that won't be matched next year. Another boom & bust https://finance.yahoo.com/...
CNBC
Nvidia reports Q3 revenue up 206% YoY to $18.12B, vs. $16.18B est., Data Center revenue up 279% YoY to $14.51B, and net income up 1,259% YoY to $9.2B
- Nvidia's results surpassed analysts' projections for revenue and income in the fiscal fourth quarter.
“Nvidia earnings crush Wall St. estimates again.” Guided next qtr. higher too - & I couldn't be happier as I know NVDA is establishing comparisons inflated by double-ordering, hoarding & chip speculating that won't be matched next year. Another boom & bust https://finance.yahoo.com/...
Financial Times
Nvidia expects strong growth in most regions to offset a “significant” drop in sales to China because of recently tightened AI chip rules
Michael Acton / Financial Times :
2023-11-03
Apple Conf. call update. Guidance weak. Cook sounds dejected. “too early to tell” on iphone 15 upgrades.
Bloomberg
Apple expects its revenue in the holiday quarter, normally the company's biggest sales period, to stay the same as last year; Wall Street projected ~5% growth
It me. This first generation product may just never launch here in Ireland 🫤 — https://www.macrumors.com/... X: Fred Hickey / @htsfhickey : Apple Conf. call update. Guidance wea...
Apple Conf. call update. Guidance weak. Cook sounds dejected. “too early to tell” on iphone 15 upgrades.
Apple
Apple reports Q4 revenue down 1% YoY to $89.5B, vs. $89.3B est., net income up 11% to $23B, Americas sales up 1% to $40.1B, and Europe sales down 1% to $22.5B
iPhone revenue sets September quarter record Services revenue reaches new all-time high — Apple® today announced financial results …
Apple first look. Revs. down Y/Y(again) 4th straight qtr. Y/Y drops in all geographies (China, Europe, Japan) except N. Amer. iPhone revs. miss slightly. Macs miss huge by $900M (explains rushed “scary” announcement). Of course, bottom line beat(lower tax rate 14.8% vs 16% guide)
Apple
Apple reports Q4 revenue down 1% YoY to $89.5B, vs. $89.3B est., net income up 11% to $23B, Americas sales up 1% to $40.1B, and Europe sales down 1% to $22.5B
iPhone revenue sets September quarter record Services revenue reaches new all-time high — Apple® today announced financial results …
2023-09-16
This is how big companies become ossified. Lose focus, waste time in non-productive meetings, fail to innovate. Live off their laurels (Steve Jobs' ideas). On qtrly conf. calls, Cook drones on about climate change, Apple's Racial Equity and Justice Initiative, etc. Turn into IBM
Hardcore Software
Apple's Mother Nature skit at the Wonderlust event was awkward, but every fact or position put forth is a strategic, money-saving, and innovative effort
Apple's showed a widely criticized video showing their efforts to fight climate change. Looking past the video is a significant and strategic set of initiatives worthy of praise.
2023-09-08
Apple moving production to India puts AAPL at risk of further Chinese govt. retaliation (20% of sales). “Apple has dominated China's market for smartphones priced over $600 in recent years after U.S. sanctions hit rival Huawei's ability to make 5G phones.” https://www.wsj.com/...
Bloomberg
Sources: China plans to expand its ban on iPhones in sensitive departments to government agencies and state companies, an unprecedented blockade; AAPL drops ~3%
2023-09-07
Apple moving production to India puts AAPL at risk of further Chinese govt. retaliation (20% of sales). “Apple has dominated China's market for smartphones priced over $600 in recent years after U.S. sanctions hit rival Huawei's ability to make 5G phones.” https://www.wsj.com/...
Bloomberg
Sources: China plans to expand its ban on iPhones in sensitive departments to government agencies and state companies, an unprecedented blockade; AAPL drops 3%+
- Beijing begins by banning the devices from certain bodies — It could deal blow to Apple and amplifies a self-reliance push
2023-04-10
-40% collapse in Apple Mac shipments “as pandemic PC boom ends.” Production of System-on-C (SoC) ‘M2 series’ on MacBooks from January to February “completely halted.” Note: a “pandemic boom” also occurred in smartphones https://9to5mac.com/...
IDC
Apple's Mac shipments fell 40.5% YoY globally in Q1 2023, the largest drop among PC makers, as combined PC shipments fell 29% YoY to 56.9M units
Weak demand, excess inventory, and a worsening macroeconomic climate were all contributing factors for the precipitous drop in shipments …