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The iPhone maker $AAPL's revenue jumped 12.6% to $88.29Bil in 1Q18, though the number of iPhone units sold fell 1% YoY, thanks to the pricier iPhones that increased the company's margins. Japan had the highest growth in revenue of 26% followed by Rest of Asia Pacific, Europe & Greater China. $AAPL guided for 2Q18 revenue of between $60-62Bil.
Geographically for 1Q18, $AAPL showed good growth across all regions. Japan showed the highest momentum with revenue surging 26% YoY, while China revenue grew 11%, driven by higher sales of the company's premium smartphone iPhoneX. The company also reported that its active installed base of devices reaches 1.3Bil in January.
$CSCO announced the Cisco Container Platform, a production-grade software container platform. The Cisco Container Platform enables an open, multicloud environment with consistent application deployment and management on multiple deployment platforms, including Cisco HyperFlex and virtual machines, both on premises and in the cloud.
$CSCO unveiled the Cisco Network Assurance Engine, which uses continuous verification of the entire network to enable smooth running of the business. The Cisco DNA Center Assurance helps reduce the time and money spent on troubleshooting. The Cisco Meraki Wireless Health reduces mean time to remediate wireless issues.
Intel's revenue rose 4% in 4Q to $17.1Bil vs. last year. $INTC recorded an one-time tax charge of $5.4Bil due to tax reforms, which resulted in net loss of $0.7MM and loss per share of $0.15 for 4Q. Data Center Group continues to perform well for the chip maker growing 20% whereas its biggest segment Client Computing Group slipped 2% to $8.9Bil.
Semiconductor equipment maker $LRCX slipped into the negative territory in 2Q18, hurt by a substantial income tax expense. The loss was $0.06 per share, compared to earnings of $1.81 per share a year earlier. Meanwhile, revenues surged 37% YoY to $2.58Bil, supported by strong demand across all markets. Total shipments came in at $2.63Bil.