Apple $AAPL Q1 2017FY Earnings, LIVE Stream Jan 31st Replay

Apple $APPL UP 26.13% since Feb 1, 2016 (source: google.com)

Apple.com: Apple Inc. (NASDAQ: AAPL) Apple Q1 2017FY (Q4 2016) financial results conference call January 31, 2017, 5:00 pm ET: http://www.apple.com/investor/earnings-call/.  (Note: Live streaming uses Apple’s HTTP Live Streaming (HLS) technology. HLS requires an iPhone, iPad, or iPod touch with Safari on iOS 7.0 or later, a Mac with Safari 6.0.5 or later on OS X v10.8.5 or later, or a PC with Microsoft Edge on Windows 10.)

“We’re thrilled to report that our holiday quarter results generated Apple’s highest quarterly revenue ever, and broke multiple records along the way. We sold more iPhones than ever before and set all-time revenue records for iPhone, Services, Mac and Apple Watch,” said Tim Cook, Apple’s CEO. “Revenue from Services grew strongly over last year, led by record customer activity on the App Store, and we are very excited about the products in our pipeline.”--January 31st press release, infra.

Consolidated Financial StatementsDownload (pdf) and Data SummaryDownload (pdf)

Summary: revenue $78.4B (+3.3% Y/Y) beat estimates), EPS $3.36 beat estimates, share repurchases and dividends $15B. $AAPL shares UP in after hours trading Jan 31, 2017.
Press release Jan 31, 2017 excerpts:

1. LIVE streaming of Apple's Q1 2017 financial results conference call 2:00 p.m. PST on January 31, 2017 at www.apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter.
2. Apple posted all-time record quarterly revenue of $78.4 billion and all-time record quarterly earnings per diluted share of $3.36. These results compare to revenue of $75.9 billion and earnings per diluted share of $3.28 in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.
3. Declared a cash dividend of $0.57 per share of the Company’s common stock.  The dividend is payable on February 16, 2017 to shareholders of record as of the close of business on February 13, 2017.
4. Apple is providing the following guidance for its fiscal 2017 second quarter:

1. revenue between $51.5 billion and $53.5 billion
2. gross margin between 38 percent and 39 percent
3. operating expenses between $6.5 billion and $6.6 billion
4. other income/(expense) of $400 million
5. tax rate of 26 percent

Apple Earnings: iPhone 7 Plus Could Save the Day

Can Apple come out of its recent earnings doldrums through higher prices for iPhones? WSJ.com's Tripp Mickle explains on Lunch Break with Tanya Rivero. Video above published Jan 30, 2017.

Apple's booming app sales

In recent months, Apple has put a spotlight on revenues from online services such as the App Store, iCloud and Apple Music, in order to counterbalance concerns on Wall Street about the iPhone, which saw its first ever drop in sales last year. Video above published Jan 5, 2017 by FT.com

See also:

• Apple $AAPL, Q3 2016 Earnings Results, LIVE Webcast Oct 25, 5pm ET | DomainMondo.com
• Apple vs Qualcomm (search results page)
• Apple wobbly? "I thought one of the big four (Apple, Google, Facebook, Amazon) would falter in 2016. All produced positive stock performance in 2016. None appear to have faltered in a huge way in 2016. But Apple certainly seems wobbly. They can’t make laptops that anyone wants to use anymore. It’s no longer a certainty that everyone is going to get a new iPhone when the new one ships. The iPad is a declining product. The watch is a mainstream flop. And Microsoft is making better computers than Apple (and maybe operating systems too) these days. You can’t make that kind of critique of Google, Amazon, or Facebook, who all had great years in my book."--Fred Wilson, What Did And Did Not Happen In 2016 | AVC.com.

• Chart: The Age of Tech | Statista:

• Chart: US Tech Companies With The Most Money Held Offshore | Statista.com:

Tweets about $AAPL

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Panama Papers: Victims of Offshore; What We Know So Far (videos)

Panama Papers: Victims of Offshore

The Panama Papers is a global investigation into the sprawling, secretive industry of offshore that the world's rich and powerful use to hide assets and skirt rules by setting up front companies in far-flung jurisdictions. Based on a trove of more than 11 million leaked files, the investigation exposes a cast of characters who use offshore companies to facilitate bribery, arms deals, tax evasion, financial fraud and drug trafficking. Behind the email chains, invoices and documents that make up the Panama Papers are often unseen victims of wrongdoing enabled by this shadowy industry. This is their story (published on Apr 3, 2016 by icij.org). Executive Producer: Hamish Boland-Rudder; Director/Producer/Audio Editor: Carrie Ching; Animation Artist: Arthur Jones; Reporter:  Will Fitzgibbon; Narrator: Eleanor Bell Fox. Supported by the Pulitzer Center on Crisis Reporting, For more, go to panamapapers.icij.org

What We Know So Far from the Panama Papers - Who's involved? 300,000 offshore shell companies, banks all over the world, even FIFA--Bloomberg's David Kocieniewski updates the latest news on the "Panama Papers" leaked files--published April 4, 2016, on "Bloomberg Markets."

Panama Papers: How much more will be revealed?
• Leaked Files Offer Many Clues To Offshore Dealings by Top Chinese | ICIJ
• Panama Papers reveal offshore secrets of China’s red nobility | News | The Guardian
• Global Banks Team with Law Firms To Help the Wealthy Hide Assets · ICIJ: Major global banks such as UBS (Switzerland), HSBC (UK), Société Générale (France), Commerzbank (Germany), Credit Suisse (Switzerland), Royal Bank of Canada (Canada), work hand-in-glove with other players to help the superrich, politicians and criminals keep their assets under wraps--more than 500 banks, their subsidiaries and branches registered nearly 15,600 shell companies with Mossack Fonseca.
• Where are all the Americans in the Panama Papers? | Fusion

• Panama Papers firm linked to over 1,000 U.S. companies | USA Today

• Panama Papers and America's problem - CNN.com

• Forget Panama: it's easier to hide your money in the US than almost anywhere |The Guardian

#PanamaPapers Tweets and Tweets by @ICIJorg:#PanamaPapers Tweets Tweets by @ICIJorg

Response of Mossack Fonseca: "... Our firm, like many firms, provides worldwide registered agent services for our professional clients (e.g., lawyers, banks, and trusts) who are intermediaries. As a registered agent we merely help incorporate companies, and before we agree to work with a client in any way, we conduct a thorough due-diligence process, one that in every case meets and quite often exceeds all relevant local rules, regulations and standards to which we and others are bound. However, filing legal paperwork to help incorporate a company is a very different thing from establishing a business link with or directing in any way the companies so formed. We only incorporate companies, which just about everyone acknowledges is important, and something that’s critical in ensuring the global economy functions efficiently. In providing those services, we follow both the letter and spirit of the law. Because we do, we have not once in nearly 40 years of operation been charged with criminal wrongdoing ..."

Mossack Fonseca Statement Regarding Recent Media Coverage (PDF):

See also: Mossack Fonseca on Twitter @Mossfon

Domain names:
The International Consortium of Investigative Journalists (ICIJ): icij.org
Mossack Fonseca: mossfon.com


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China: Yuan, Markets, Economy, 'Don't Worry, Everything Is Under Control'

China: Yuan, Markets, Economy--'Don't Worry, Everything Is Under Control'--

PIMCO's Crescenzi: No One Knows What China Will Do Next - PIMCO's Anthony Crescenzi discusses his outlook for China and market volatility. He spoke on "Bloomberg Markets" on January 15, 2016 (video above). 

The yuan and the markets | The Economist: "... China is not normal. It is caught in a dangerous no-man’s-land between the market and state control. And the yuan is the prime example ... because a stronger [U.S.] dollar has been dragging up the yuan, the People’s Bank of China (PBOC) has tried to abandon its loose peg against the greenback since August; but it is still targeting a basket of currencies. A gradual loosening of capital controls means savers have plenty of ways to get their money out. A weakening economy, a quasi-fixed exchange rate and more porous capital controls are a volatile combination. Looser monetary policy would boost demand. But it would also weaken the currency; and that prospect is already prompting savers to shovel their money offshore. In the last six months of 2015 capital left China at an annualised rate of about $1 trillion. The persistent gap between the official value of the yuan and its price in offshore markets suggests investors expect the government to allow the currency to fall even further in [the] future ... The government has reacted by trying to rig markets. The PBOC has squeezed the fledgling offshore market in Hong Kong by buying up yuan so zealously that the overnight interest rate spiked on January 12th at 67%. Likewise, in the stockmarket it has instructed the “national team” of state funds to stick to the policy of buying and holding shares ..." (emphasis added, read more at the link above)

1-year chart of the Shanghai Composite Index (source: google.com)

Twitter feed--Shanghai Composite Index--
Tweets about Shanghai Composite Index

See also: Xi’s new model army | The Economist: "... Late in 2014 President Xi Jinping went to Gutian, a small town in the south where, 85 years before, Mao had first laid down the doctrine that the People’s Liberation Army (PLA) is the armed force not of the government or the country but of the Communist Party. Mr Xi stressed the same law to the assembled brass: the PLA is still the party’s army; it must uphold its “revolutionary traditions” and maintain absolute loyalty to its political masters. His words were a prelude to sweeping reforms in the PLA that have unfolded in the past month, touching almost every military institution. The aim of these changes is twofold—to strengthen Mr Xi’s grip on the 2.3m-strong armed forces, which are embarrassingly corrupt at the highest level, and to make the PLA a more effective fighting force ..."

See on Domain Mondo:

• After Wuzhen, Should ICANN President & CEO Fadi Chehade Be Fired?
• What Domain Mondo Will Be Watching For in 2016
• China, ICANN, Domain Names, Lies, Facts, Hype, Truth (video)

Caveat Emptor!

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