Apple announces slow iPhone sales, but $100 billion for investors
Apple announces slow iPhone sales, but $100 billion for investors
Investors are finding new reasons to love Apple now that the iPhone is fading
03 May, 2018, 17:29
However, Cook was happy to point out that sales of wearable devices jumped almost 50 percent on a year earlier, attributable at least in part to the launch of the first cellular Apple Watch toward the end of 2017.
Although the share buyback helped push the shares higher, overall the quarter was "impressive", said Ben Stanton, an analyst at Canalys.
Some analysts had questioned whether demand for the most expensive iPhone would hold up after the initial rush.
Heading into the quarter, some analysts had expressed worry about lacklustre demand for Apple's latest version of the iPhone, the iPhone X. The average selling price was $728, versus analysts' expectations of $740.
Tim Cook said during in the earnings call that Apple is encrypting user data and keeps most of the information on the device so the user is in control.
The news comes ahead of the companies next big event.
And, although the iPhone remains the company's main driver of revenue, sales of services and other Apple products are growing. Sales of iPhone hit 52.2 million, it sold 9.1 million iPads - which may have seen a slight boost by the launch of its "cheap" iPad in the final week of the quarter - and 4.1 million Macs. Although scheduled to launch in India in May this year, Apple launched the iPhone 8 Red and the new iPad 6th generation in April itself.
"China, I continue to believe is a phenomenal country with lots of opportunity from a market point of view, but also lots of opportunity from an app developer's point of view", Cook said during the earnings call.
Net income was also up to $13.8bn (£10.1 billion), compared with $11bn (£8bn) in the same period of 2017.
Apple announced its second quarter results for 2018 for the period ending March 2018.
While talking about the Indian operations, Cook said, "We set a new first-half record". "It's a terrific market, and we're very happy to be a part of it", he said.
Over the next six months, Munster predicted the buzz around Apple will be in anticipation of new phones, including three models coming out this fall, with one rumored to be 25 percent larger than current models. It has purchased about $200bn of stock since 2012.
The biggest overhaul of the US tax code in over 30 years, the new law slashes the corporate income tax rate to 21 percent from 35 percent, and charges multinationals a one-time tax on profits held overseas.
Apple also said it would increase the quarterly dividend by 16%.
The new laws will see a minimum price of 50p per unit set, with the price of low price, high strength alcohol set to soar. PC Claire McNaney believes those most at risk will benefit from the minimum price of a unit being introduced here.
Facebook is launching a feature dubbed Clear History and perhaps the most shocking item is that it wasn't there before. He said the best part of Facebook was what people did together, and that creating a sense of community was important.
Kim said that she believes that Khloe will get through this because she has a great support system in the family. During her guest stint at Ellen DeGeneres Show, the KKW Beauty owner spoke out how she felt for her sister.
The amends in the policy is expected to spin a new growth tangent for companies that will host IPO and get listed on the HKEC. It operates in more than 70 countries, including India where Xiaomi is the top smartphone company in terms of market share.
Tinder even shows mutual Facebook friends with your potential matches and also pulls up your Facebook photos for your profile. And communications within the dating service will remain separate from the company's Facebook Messenger and WhatsApp .
According to media reports , Taipei said it was "deeply upset" at the decision, which it blamed on "dollar diplomacy". Beijing has since voiced fears that this may lead to a declaration of independence by the autonomous island.
The bombshell follows two weeks of protests following the resignation of prime minister Serzh Sargsyan. The vote in Parliament on Tuesday came after large-scale demonstrations across Armenia, led by Mr.
It will feature a World Cup mode, a custom tournament and FIFA World Cup Ultimate Team with online play options. This will be a free update that will be released for the PC, PS4, Xbox One and Nintendo Switch .
"I've been made aware that a security engineer now employed at Facebook is likely using privileged access to stalk women online". Facebook won't be given the access it needs if people have suspicions it's being mishandled by employees.
Mr Hunt confirmed work is ongoing between the United Kingdom and Welsh governments to ensure the letters are sent out to everyone. More resources will be made available to ensure the additional screenings are carried out without delay to any patients.
That architecture has helped Facebook and Oculus keep the price down, of course, but it has also forced some compromises. As far as pricing goes, it will retail for $199 for the 32GB variant, while the 64GB model will be priced at $249.
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