Apple earnings beat expectations as it sells pricier iPhones
Apple earnings beat expectations as it sells pricier iPhones
Apple will report earnings on Tuesday
01 August, 2018, 06:40
Apple attributed the latter figure to the fact that 2017's MacBook Pros launched within the same quarter last year, whereas this year's models didn't launch until right after the end of the quarter, so those sales are not included in the figures for this year.
Analysts are predicting iPhone sales to be up slightly on a year ago, but revenue to rise further thanks to the higher price of the iPhone X, which Apple said, when announcing its last set of results, was its best-selling phone. But in an interview with Reuters, Apple CFO Luca Maestri said the iPhone X was the company's best-selling model during the quarter.
Apple's quarterly results have beaten market expectations - driven by its sales of fewer, but more expensive, iPhones and revenue from services like the App Store, Apple Music and iCloud. Sales in that sector rose 31 percent to $9.5 billion.
The Cupertino, Calif., company forecast revenue of $60 billion to $62 billion for its fiscal fourth quarter, which will include early sales of soon-to-be-announced phone models, beating the $59.6 billion analysts expected.
Apple could become the world's first trillion-dollar company if the technology giant reports better than expected financial results this evening. Much of Apple's manufacturing takes place in China, and the Chinese market is Apple's second biggest when it comes to revenue, so the company could be affected in the future. The company posted revenue of $53.3 billion. It also makes Mac computers, iPads and the Apple Watch, develops software and operates ApplePay, the mobile payment system, and AppleMusic, the music streaming service. Revenue did drop by 13% compared to the previous quarter, and that may largely be attributed to declining iPhone sales as buyers wait for the company's refreshed lineup of handsets sometime later this year.
But several of Apple'sservices do not face strong rivals. -China trade disputes, but President Donald Trump has threatened hundreds of billions of further tariffs whose product categories have not yet been enumerated. The category includes AirPods headphones, the Apple Watch, Apple TV, and the HomePod. However, Cook said that current tariffs, such as one the United States imposed on steel and aluminum, do not directly affect the company's efforts.
Cook dismissed the need for record revenue during the call, saying that because the smartphone market is so vast, it doesn't matter if revenue dips or goes up 10%. Net income was $11.5 billion, up 32.1% year-on-year, and gross margin was 38.3%, down about 0.2 percentage points.
China is arguably the second biggest economy in the world with many economists claiming that it is the first. Among other things, the retaliation targets agricultural exports such as soybeans, grain, fruits, and nuts.
Several Tajik citizens have been arrested in Russian Federation for allegedly plotting terrorist attacks in recent years. Three more, from Switzerland, the Netherlands and France, were injured - and one of them also had a stab wound.
The precise cause still is under investigation, although early signs indicate the source of the fire was an electrical appliance. The mother and five out of six of her children were pulled out of the motel's middle building by first responders.
He said Mugabe - who on Sunday endorsed Chamisa in an extraordinary press conference - has the right to to express his opinion. Chigumba said Zec had received returns from Masvingo (60,62% voter turn-out), Midlands (75%), Harare (70%) and Bulawayo 70%.
For Mourinho's sake, if he is only going to get one more player in the transfer window, it better be this guy. Mourinho has called for Ashley Young to return to action despite being on holiday following the World Cup.
Police officers then discovered that one of the suspects maintained an extensive collection of marine life in his home. The aquarium said the 16 inch shark was taken from the tide pool exhibit while the attendant was helping other guests.
Users ca now make a group call with up to three people for a total of four participants in the group voice/video call. Do note that you need to download the latest version of the WhatsApp app via Google Play Store and Apple App Store .
USA sales slid 6.4 percent in the most recent quarter, and they're down 8.7 percent at the halfway point of the year. FILE PHOTO: Harley Davidson motorcycles are displayed for sale at a showroom in London, Britain, June 22 2018.
The United States has not instituted a policy of regime change or collapse in Iran , U.S. We are no longer a country that will stand for your demented words of violence & death.
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