Apple's Earnings Report Today to Reveal COVID-19's Impact on iPhone Sales

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Apple will report its financial results for the second quarter of its 2020 fiscal year at 1:30 p.m. Pacific Time today, providing a first look at how the company's sales have been affected by the global health crisis.


On February 17, Apple announced that it no longer expected to meet its March quarter revenue guidance due to COVID-19's impact on the iPhone supply chain and demand for its products in China. The virus has since become a global pandemic, with all Apple Stores outside of China and Korea remaining closed.

Apple's letter to shareholders at the time:

Our quarterly guidance issued on January 28, 2020 reflected the best information available at the time as well as our best estimates about the pace of return to work following the end of the extended Chinese New Year holiday on February 10. Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated. As a result, we do not expect to meet the revenue guidance we provided for the March quarter…

Apple had forecasted revenue between $63 billion and $67 billion for the quarter, which ran December 29 through March 28. On average, analysts now expect that figure to be approximately $54.5 billion, down six percent from $58 billion in the year-ago quarter.

The second quarter encompassed the launch of new iPad Pro and MacBook Air models, which became available to order on March 18.

Apple CEO Tim Cook and Apple CFO Luca Maestri will review the financial results on a conference call at 2:00 p.m. Pacific Time, with a live stream on Apple's website. MacRumors will be providing detailed coverage of the remarks.

Tags: AAPL, COVID-19 Coronavirus

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iPhone SE (2020) review

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Apple's new budget phone offers excellent speed and camera performance at a bargain price. We're hugely impressed

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Deals: Woot Discounts Refurbished 13-Inch MacBook Pro to $899.99 in Today's Flash Sale

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Woot's newest refurbished sale has introduced a discount on Apple's 13-inch MacBook Pro from 2019. This model has 8GB RAM and a 128GB SSD, priced at $899.99, down from $1,299.00. Woot has the MacBook Pro in both Space Gray and Silver.

Note: MacRumors is an affiliate partner with Woot. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running.

You can also opt for the bigger 256GB SSD for $1,029.99, down from $1,499.00. As with previous sales, Woot's MacBook Pro models are in refurbished condition and are promised to come in full working order. They are packed in generic white boxes and include a one year Woot warranty.

$399 OFF

Refurbished MacBook Pro for $899.99

As a point of comparison, Apple's refurbished prices on the same computers are up to $200 higher compared to Woot's prices. Apple has the 128GB model at $1,099.00 in refurbished condition, and the 256GB model is priced at $1,269.00.

You can find even more discounts on other MacBooks by visiting our Best Deals guide for MacBook Pro and MacBook Air. In this guide we track the steepest discounts for the newest MacBook models every week, so be sure to bookmark it and check back often if you're shopping for a new Apple notebook.

Related Roundup: Apple Deals

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Vivo Y21 Running SD665 and Vivo TD2002 Running Mysterious Qualcomm Processor Spotted on GeekBench

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Samsung Galaxy M01 FCC Listing Reveals It is a Rebadged Galaxy A01 with a 4000mAh Battery

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TrendForce: Global Smartphone Production May Suffer Record Decline in Q2 2020

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Global smartphone production could see a record fall of up to 16.5 percent in the second quarter of this year, according to the latest research by TrendForce.

Global production for 2Q20 is now estimated to register another YoY drop of 16.5% to 287 million units, the largest decline on record for a given quarter. TrendForce forecasts total yearly production volume of 1.24 billion units, an 11.3% decrease YoY.

Worldwide smartphone production for the first quarter reportedly fell by 10 percent year on year to around 280 million units, the lowest in five years, due to disruptions across the supply chain caused by the global health crisis.

Prior to the crisis, TrendForce had expected Apple to once again reach yearly production of 200 million units, owing to the release of the new iPhone SE, four new models in the fall, and the phasing out of the popular iPhone 6s series by the seasonal smartphone replacement cycle.


However, ‌iPhone‌ production fell by 8.7 percent year on year in the first quarter, reaching 37.9 million units, due to labor and material shortages following the post-Lunar New Year work resumption, which saw Apple ranked in third place in the global market.

Apple's recent launch of the low-priced ‌iPhone SE‌ is expected to see it stay relatively close to 1Q 2020 figures, reaching 36 million figures, however the higher price of Apple's next-generation flagship iPhones is said to be an ongoing concern, given that Apple's main smartphone sales are in Europe and the U.S., both of which are still grappling with the health crisis.

Apple is expected to offer four flagship iPhones in three different sizes later this year: A 5.4-inch ‌‌‌iPhone‌‌‌, a 6.7-inch ‌‌‌iPhone‌‌‌, and two 6.1-inch iPhones. One 6.1-inch model and the 6.7-inch model will be higher-end iPhones, while the other 6.1-inch ‌‌‌iPhone‌‌‌ and the 5.4-inch ‌‌‌iPhone‌‌‌ will be lower-end models and successors to the ‌iPhone 11‌. Apple is expected to launch the new models in the fall.

Tag: TrendForce

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Google's New True Wireless Pixel Buds Mimic Two Key AirPods Features

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Google launched its second-generation Pixel Buds this week to generally favorable reviews, thanks in part to a couple of new features that AirPods owners have appreciated for some time.


The new Pixel Buds use a pairing process on Android 6.0+ phones called Fast Pair: Hold the case near your phone, flip the lid, and a screen pops up on the screen to indicate automatic pairing, which links them to the user's Google account.

Apart from the obvious UI differences, that's pretty much identical to the way you connect a pair of AirPods to iPhone. But the similarities don't stop there. Google is also making it easier to find misplaced Pixel Buds. From Google's blog:

It can be frustrating when you put your Bluetooth headphones down and immediately forget where you placed them. If they’re connected to your phone, you can locate your headphones by ringing them… And, when you misplace your headphones, in the coming months, you can check their last known location in the Find My Device app if you have Location History turned on.

Sound familiar? Apple's ‌Find My‌ app includes a Find my AirPods feature that plays a tone to help users recover nearby ‌‌AirPods‌ connected to iPhone or iPad. It also shows the last known location of ‌AirPods‌ if they're no longer connected.

Credit where it's due, Google appears to have implemented the features well, including notifying users when the earbuds and case battery are running low upon connection. The company says it plans to include its Fast Pair technology in other audio accessories, just like Apple added its instant-pairing W1 and H1 chips to its wireless Beats line.

The new Pixel Buds are compatible with iOS, but don't expect the new seamless pairing features to work with ‌iPhone‌ (the same goes for ‌AirPods‌ on Android). Unlike AirPods Pro, Pixel Buds don't include active noise canceling either, instead offering something called Adaptive Sound that automatically adjusts the volume based on the wearer's surroundings.

Features like Adaptive Sound and other settings are accessible in the Pixel Buds app on devices running Android 6.0 and later. The Pixel Buds software is also built into the settings menu as a system-level app on Pixel phones. Google's new Pixel Buds are priced at $179 in the U.S. and can be ordered on the Google Play Store.

Tags: Google, Google Pixel Buds

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