iPhone more expensive, more revenue :: Investor.bg



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  Apple's report: iPhone more expensive, higher revenues

Apple Technology Inc. Apple Inc. has generated the highest revenues so far in the third-worst fiscal quarter, Demand for high-priced iPhone products remains solid, and services such as App Store sales have accelerated to a record

. The third fiscal quarter of Apple shows how the iPhone maker finds new ways to develop in the context of a shrinking global smartphone market for competitors

"We are expanding our reach in emerging markets and record strong double-digit growth.Great progress towards our goal "CEO Tim Cook said in interviews with badysts after the publication of the results

iPhone weaken in the spring and summer, expectations for new devices In September, Luka Mestre said the demand remains consistent, especially for iPhone X, 8 and 8 Plus

Apple, up 28% over last year, rose 3.7% in the unregulated market after order The book ended the regular session in New York at a price of 190.29 dollars. With a market value of more than $ 950 billion, if growth continues at Wednesday's regular session, Apple is poised to become the first US company with a market capitalization of more than $ 1 trillion.

Apple Inc. Predicts sales revenue that has exceeded badysts' forecasts, suggesting that consumers continue to be attracted to the iPhone, digital services and other devices such as AirPods and Apple Watch.

Its fiscal quarter ranged from $ 60 billion to $ 62 billion, while badysts hoped $ 59.4 billion on data collected by Bloomberg. This represents a healthy increase of 14% to 18% compared to the result a year earlier. According to badysts, the likely growth reflects a slight increase in the three new devices that Apple is expected to release in September – an update of the iPhone X; the company's first big phone with OLED display; and a 6.1-inch LCD with facial recognition technology

Apple announced that gross profit margin would be between 38% and 38.5% over the period, compared with 38 badysts' forecasts for a margin of 38.2%.

More than a decade after its debut, iPhone is still the most important product of Apple, generating more than 60% of revenue. Although terminal sales have recently slowed down, the company is building digital services and a series of other add-ons around the device. These new activities, as well as the higher prices of the iPhone, support revenue growth.

Apple's budget forecast for the fourth quarter is generally seen by badysts because it is usually the period during which the company introduces a new iPhone. The group is expected to release three new phones later this year. The new phones are expected to cost between $ 699 for the LCD and $ 1,099 for the larger model, according to UBS data. This could guarantee another year with higher average iPhone prices, which would also increase Apple's total revenue.

Analysts have estimated that the iPhone X with a starting price of $ 999 is a quarter of the iPhone sold, helped to increase by nearly 20% the average selling prices of the iPhone 39, iPhone at about $ 724. The results are attributable to the sustained sales of iPhone, services and portable devices, and we are very excited about the products and services we offer in our badortment, "says Tim Cook, CEO

, escalating trade tensions between the US and China poses a greater threat to Apple than to its competitors – a fifth of the company's revenue depends on China, a fact that makes it Business experts say that the Chinese government could be affected by tariffs if President Donald Trump keeps his promise and imposes a $ 500 billion import duty from China to the United States. 19659004] Apple is not affected by the myths US imports from China so far, but Tim Cook said that the company estimates the rights provided for their potential impact on businesses. He said that Apple will provide a public comment after having had the opportunity to evaluate the potential tasks. However, he added that he was optimistic that "this dispute will be resolved because there is inevitable reciprocity between the United States and China."

Apple also faces criticism of Chinese-controlled media that attacked in the past last week, with at least five state media, including Xinhua, criticizing the iMessage service for do not do more to block spam messages. "CCTV also criticized Tuesday, stating that the Apple App Store allows the purchase of illegal applications for Game

Revenue Apple's growth in China has increased by 19% to 9.55 billion dollars, but new data from market badyst Strategy Analytics revealed that Huawei Technologies Co. has overtaken Apple for the first time and has become the second largest smartphone maker in China. million units sold in June

Third-quarter revenue rose 17 percent to $ 53.3 billion, according to Apple, gaining $ 2.34 per share. business figure of $ 52.4 billion and a profit of $ 2.18 per share.

The company sold 41.3 million iPhones to third quarter, business turnover of $ 29.9 billion.This is due to a higher average selling price

Analysts expected sales of 41.6 million units iPhone for the quarter and an average selling price of $ 699, according to Bloomberg News forecasts

Apple reported service revenue at the sum of $ 9.55 billion, or 31% more than a year earlier. Analysts predicted $ 9.2 billion. The category includes App Store, Apple Music, iCloud and Apple Pay. The company is working to expand these offerings with original videos and a news subscription service. Apple expects its services will reach $ 50 billion a year by 2021.

The company announced it had sold 11.6 million of iPad during the quarter as against 11, 4 million during the previous period. In March, Apple introduced an updated $ 329 iPad for students. In addition, the company is working on an improved Pro model with iPhone X features, such as Face ID, which can lead to increased device sales

Here are the basics of the Apple report: [19659003] EPS (earnings per share): $ 2.34, 40% more on an annual basis at $ 2.18

Revenues : $ 53.3 billion, Gross margin : 38.3%, unchanged from the same period last year, coincides with expectations of 38.3% 19659004] iPhone Sales : 41.3m (19459014) Average Sales Price on iPhone : $ 724 vs. $ 699 Expected

Sales on iPad : 11.5 million, unchanged from year-to-year levels on the other Mac sales : 3.7 million, down 13% Revenue from services : 9.54 billion, up 31% compared to the previous year to reach 9.22 billion dollars

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