Apple enjoys its fourth straight quarter of revenue growth in Q2 2018
Aug 01, 2018, 06:42
Apple (NASDAQ:AAPL) posted the strongest third quarter in the company's history since it managed to beat analyst expectations for earnings per share and revenue. As for other hardware, Apple sold 11,553 iPads and 3,720 Macs.
Sales of the iPhone were up 20% at $29.9 billion, driven by the range-topping iPhone X, which starts at $999. Tim Cook said in early 2017 that he wants the service business to double its revenue to more than $14 billion a quarter by 2020. Higher iPhone average selling prices, increased services revenue, and unit sales growth for the Apple Watch should drive the expansion, analysts say.
Apple on Tuesday reported higher quarterly earnings and revenue than expected, as iPhone sales climbed and revenue from services like the App Store hit a record high. Apple also regained growth in China, where sales rose 19 percent.
Services revenue was US$9.5 billion, beating analyst expectations of US$9.1 billion, according to Thomson Reuters I/B/E/S. With a market capitalization of more than $900 billion, Apple is tickling at the title of world's first trillion-dollar company. 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 tech company posted $53.3 billion in third-quarter revenue, up 17 percent from the same quarter a year ago.
The CEO also credited "wearables", a category that includes wireless earphones and the Apple Watch, with making growing contributions. It has also soothed investor concerns with a $US100 billion stock buyback program and promises of growth from services such as streaming music and video, where Apple faces competition from rivals including Spotify and Netflix.
Shares of the world's most valuable technology company jumped 3.9 per cent, in after-hours trade, to $US197.69 (at 5:25pm, local time). The revenue included US$236 million from resolving lawsuits such as Apple's long-running dispute with Samsung Electronics Co Ltd.
"We feel great about the results on iPhone", he said.
Apple said its gross profit margin will be 38 per cent to 38.5 per cent in the fiscal fourth quarter, versus analysts' estimates of 38.2 per cent.
Finally, while Cook expressed opposition to new trade tariffs between the United States and China, noting how they're anti-consumer, he said that Apple is continuing to see double digit growth in China along with other major markets. 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.
Manafort then asked the federal appeals court in Washington, DC, to review her decision. "Obviously, that's very risky for him". Jurors are expected to see photographs of his Mercedes-Benz and of his Hampton property putting green and swimming pool.
In addition to the two Americans - one woman and one man - a Swiss man and a Dutch national were also reportedly killed. Authorities have also arrested a third suspect and recovered a damaged auto they believe was involved in the case.
However, Twitter stopped disclosing the number of daily users in June last year, only year-over-year percentage changes. Chief executive Jack Dorsey said Twitter prioritied the long-term health of the platform over short-term metrics.
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MEA spokesperson Raveesh Kumar had said that India desires a "prosperous and progressive Pakistan at peace with its neighbours". Activists from the Jamiat Ulema-e Islam party protest against alleged election rigging in Peshawar, Pakistan, on July 27, 2018.
Once the singer is released from the hospital, sources say she's going straight to rehab. "He seems very concerned about her". Lovato was found unconscious inside her Hollywood Hills home on Tuesday, July 24th.
In addition to the normal curriculum, I Promise will provide resources to students' families and include an on-site food bank. It will serve some of the lowest-performing students in an effort to improve their performance and education.
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Hume said the move could be a negotiating tactic to squeeze Charter into meeting its requirements and agree to a settlement. NY will not tolerate Charter's gaslighting its own customers into believing it is meeting its promises.
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The Chelsea star has emerged as a possible marquee signing for Real following the departure of Cristiano Ronaldo to Juventus. There is also a great possibility that he could join Real Madrid , which would be really good for his career.
When the moon moves into the conical shadow of the earth, it goes from being illuminated by the sun to being dark. The longest lunar eclipse of the century will happen late Friday or early Saturday, depending on where you live.
Drug cartel puts price on dog's head after cocaine bust
Colombia is one of the world's leading producers of cocaine , with an output of around 910 tonnes per year, according to the U.S. But even with advanced technology, experts say on-the-ground detective work like that performed by Sombra is critical.