Apple lead! This round of earnings season, technology company collective malaise – Apple, Google, Alphabet, the Microsoft-IT information

Large technology companies need more people "irresistible" product, these shares in the company will fail in the future. --Elevation this is the private equity investment group Partners co-founder Roger McNamee recently expressed a view. Volleying, Roger McNamee, a "simple" logic in the recent earnings season's technology giants, and all have been confirmed.

Since earnings season opened, IBM, Microsoft, Google parent company Alphabet, Apple and Twitter are present last quarter's "report card", and this becomes the latest addition to the Federal Reserve and Japan's Central Bank rate meeting, the focus of most affected market sentiment. As of now, in addition to the Twitter book numbers barely called outside the border, IBM, Microsoft, Alphabet, Apple are all quite ugly "posture" succumbing to.

Apple's poor performance

On April 26, the most closely watched Apple announce the 2016 fiscal second-quarter earnings data. Data show that Apple first quarter on revenue of $ 50.6 billion, net profit of $ 10.5 billion, and earnings per share of $ 1.9 trillion.

First glance, in the context of global economic downturn, this is also a good set of numbers. However, the data still need to compare. With revenues of 58 billion dollars in the same period last year, and compared to net profit of 13.6 billion dollars, which the Apple company in the last 3 months, in fact, since 2003, profit in the same period for the first time in nearly 13 years. Meanwhile, this data is also lost to previously agreed $ 51.97 billion revenues, dividends of $ 2 per share expectations.

Although Apple's financial officer, Maestri then reports of Apple's poor find a quite legitimate reasons, that is overall weakening of other currencies against the US dollar. Maestri's data, in the context of a stronger dollar, iPhone average prices fell from an average price of us $ 659 to $ 642. However, while this is one of the reasons contributing to Apple's poor performance, but certainly not in the last quarter of its throat of most important reason. Browse the results data is not difficult to find, jump in iPhone sales decline is causing Apple's key to the sharp drop in performance of "gate of life". Earnings data show that Apple's 2016 fiscal second-quarter iPhone sales to 51.193 million dollars, sales fell by 16%, the chain was down to 32%. Roger McNamee is what seems to be behind the sales decline coincides with lack within the meaning of "irresistible" logic of the product launch,iPhone innovations keep falling within the expectations of the outside world, making it difficult for iPhone called the resistance seems to be cleared up.

After Apple produce transcripts, its share price was down Roger McNamee logic continued to play, all the way down near 8%, value was almost instantly lost about $ 46 billion. At present, almost all the weight falls on the iphone7 body for the next release. For the next quarter, Apple's expected revenue between $ 41 billion to $ 43 billion, following a widely expected to be at $ 47.42 billion, Apple's confidence is evident.

Technology company overall malaise

In this round of earnings reports, defeat not only Apple, IBM, and Microsoft and Google's parent company Alphabet for their 2016 to get a "hit" start.

Nearly a week earlier than Apple earnings data for IBM, Microsoft and Alphabet has its weak data for technology giants early in the last quarter set the "bleak" tone. Among them, IBM's first quarter revenue of $ 18.68 billion, down 4.6%, struggling in the mire of declining performance for 16 consecutive quarters poorly. Microsoft last quarter revenue 20.531 billion dollars and 3.756 billion dollars in net profit, earnings per share of $ 0.47. Compared with the same period last year, first-quarter revenue fell on the 6%, a 25% drop in profit, earnings per share dropped by 23%. Alphabet, revenue of $ 20.26 billion, earnings per share of $ 7.50, but still lost $ 20.37 billion revenue and per-share earnings expectations of $ 7.97. After the results are announced, IBM shares were down 5.6%. Microsoft shares also went down 7%, recorded its biggest one-day decline since January 27, 2015. Alphabet shares fell nearly 5%.

If the whole ugly "pictures", you have to elect a "better" performance so far have reported earnings in the Science Guy, Twitter social media sorts. According to results released April 26 Twitter data, the previous quarter ended March 31, Twitter revenue of $ 595 million, up 36% from $ 436 million in the same period last year, with advertising revenues of us $ 531 million, up 37% compared with the same period last year. Net loss narrowed from the previous $ 90.236 million continue to 79.731 million u.s. dollars. Meanwhile, Twitter in the report, predicted that second-quarter revenue will continue to increase to us $ 590 million to $ 610 million. However, Twitter improved earnings figures, failed to reach the previous response reached us $ 608 million of the revenue Outlook. After the results are announced, Twitter's share price could not escape the fate of being sold off, losses of nearly 12%.

A few days ago, a famous investment analysis and prediction of Zacks said, under the fundamentals of the current global economic slowdown and a stronger dollar, and in 2015 compared to the drop in overall fourth-quarter profit nearly 1.3%, technology in the overall profit will continue to decline in the first quarter of 2016, 6.8%. But according to Zacks predicts that technology earnings in 2016 will gradually improve after the second quarter, profits are likely to decline in the second quarter, but the decline may be narrowed further to 0.6%, until the third quarter, the technology turns on the whole, achieving growth of about 4.6%.

The optimistic expectations of Zacks may be losing confidence in the technology sector of the market at the moment the only "placebo".

苹果带头！这一轮财报季，科技公司集体萎靡 - 苹果,谷歌,Alphabet,微软 - IT资讯

大型的科技公司需要生产出更让人“难以抗拒”的产品，否则这些公司的股票将在未来败下阵来。这是著名的私人股本投资集团——Elevation Partners的共同创始人Roger McNamee最近表述的一则观点。话音未落，Roger McNamee的这一“简单”逻辑就在近期财报季各科技巨擘的身上，悉数得到了印证。

财报季开启以来，IBM、Microsoft、Google母公司Alphabet、Apple以及Twitter等纷纷呈上了上一财季的“成绩单”，而这也成为近期除美联储和日本央行议息会议外，最牵动市场情绪的焦点之一。然而截至目前，除了Twitter的账面数字勉强称得上过关以外，IBM、Microsoft、Alphabet、Apple均以各种颇为难看的“姿势”败下阵来。

苹果业绩不佳

4月26日，最受关注的苹果公司公布了2016财年第二季度财报数据。数据显示，苹果上一季度实现营收506亿美元，净利润105亿美元，每股收益1.9美元。

乍看过去，在全球经济低迷的大背景下，这本来还算得上是一组不错的数字。然而，数据的好坏终究还需对比。与去年同期580亿美元的营收，以及136亿美元的净利润比较起来，苹果公司在过去3个月呈现出的，其实是自2003年近13年以来同期利润的首次下滑状态。与此同时，这一数据也不敌此前外界达成共识的519.7亿美元营收，每股2美元分红的预期。

虽然，苹果公司的财务官Maestri随后为苹果的财报不佳找到一个颇为正当的理由，那就是其它货币兑美元整体的走弱。据Maestri给出的数据，在美元走强的背景下，iPhone的平均价格由去年同期平均659美元的单价下降到了642美元。然而，虽然这是造成苹果公司业绩不佳的原因之一，但明显不是在上一季度扼住其咽喉的最主要原因。浏览财报数据不难发现，iphone销量跳伞似的下滑才是造成苹果业绩大幅下滑的关键“命门”所在。财报数据显示，苹果公司的2016财年第二季度，iphone销量为5119.3万美元，销量同比下滑了16%，环比更是下滑了32%。而销量下滑背后似乎暗合的正是Roger McNamee所指的缺乏“难以抗拒”产品推出的逻辑，iPhone的革新不断落在外界的意料之内，使得iphone所谓的难以抗拒性似乎在持续被消解。

苹果交出成绩单后，其股价随即沿着Roger McNamee的逻辑继续演绎，一路下挫了近8个百分点，市值几乎在顷刻间蒸发了近460亿美元。目前，所有的砝码几乎都落在了接下来要发布的iphone7的身上。对于接下来的这一财季，苹果公司给出的预期是营收在410亿美元到430亿美元之间，而此前外界的普遍预期是在474.2亿美元，苹果的信心几何，可见一斑。

科技公司整体萎靡

在此轮财报中，败下阵来的不仅是苹果公司，IBM、Microsoft以及Google母公司Alphabet也均未能为自己的2016年谋得一个“叫座”的开局。

早于苹果公司近一周公布财报数据的IBM、Microsoft和Alphabet就先后以其萎靡的数据，为科技巨擘们的上一季财报早早定下了“惨淡”的基调。其中，IBM第一财季实现营收186.8亿美元，同比下滑4.6%，连续16个季度挣扎在业绩下滑的泥潭中难以自拔。Microsoft方面，上一财季实现营收205.31亿美元，净利润37.56亿美元，每股盈利0.47美元。与去年同期相比，上一季度营收下滑了6%，利润下滑了25%，每股收益下滑了23%。Alphabet方面，实现收入202.6亿美元，每股盈利7.50美元，但仍然不敌此前203.7亿美元营收和每股盈利7.97美元的预期。在财报公布后，IBM股价下跌了5.6%。Microsoft股价也随即下挫了7个百分点，创下了其自2015年1月27日以来的最大单日跌幅。Alphabet股价也下跌了近5个百分点。

如果在整体难看的“画面”中，必须要选出一个“较佳”表现者的话，截至目前已经公布财报的科技大佬中，社交媒体Twitter可能勉强算得上一个。根据4月26日Twitter公布的财报数据，截至3月31日的上一财季，Twitter实现营收5.95亿美元，比去年同期的4.36亿美元增长了36%，其中广告营收为5.31亿美元，与去年同期相比上涨了37%。净亏损从此前的9023.6万美元继续收窄至7973.1万美元。与此同时，Twitter在财报中预测，第二财季营收将继续增加至5.9亿美元到6.1亿美元。不过，Twitter财报数字的改善，仍然没能达到此前外界普遍达成的6.08亿美元营收的预期。财报公布后，Twitter股价也难逃被抛售的命运，损失近12个百分点。

日前，著名投资机构Zacks分析预测称，在目前全球经济放缓以及美元走强的基本面下，与2015年第四季度总体盈利近1.3%的下跌相比，科技类企业在2016年第一季度的总体盈利还会继续下滑6.8%。不过根据Zacks的预测，科技类企业的盈利会在2016年第二季度后逐步改善，利润在第二季度可能会下滑，但下滑幅度可能会进一步收窄至0.6%，直到第三季度，科技类企业总体上会转向，实现大致约4.6%的增长。

Zacks的这一乐观预期，或许是眼下对科技板块信心尽失的市场唯一的“安慰剂”。