Apple beats iPhones sales estimates over pricier

Apple Inc. released Tuesday quarterly results that exceeded Wall Street's goals High-priced iPhone sales and service revenues such as the App Store , Apple Music and iCloud boosted the quarter's sales figure,

Apple surpbaded its sales estimates by selling fewer iPhones than badysts. Apple sold 41.3 million units, below expectations of 41.8 million units.

Apple posted a turnover of $ 53.3 billion and profits of $ 2.34 per share, compared with $ 52.3 billion and $ 2.18 per share respectively. Reuters I / B / E / S

Service revenues reached $ 9.5 billion, exceeding badysts' expectations by $ 9.1 billion, according to Thomson Reuters I / B / E / S. Revenues included $ 236 million from litigation resolution such as Apple's long-standing dispute with Samsung Electronics Co. Ltd.

The average selling price of the iPhone has reached $ 724, according to data from FactSet. Apple's chief financial officer, Luca Maestri, told Reuters that the highest prices were attributable to sales of the company's most expensive recent models, including the $ 999 iPhone X. The company is also forecasting a $ 60 billion business to $ 62 billion for its fourth fiscal quarter, which will include the first announced sales of phone models, exceeding expected badysts by $ 59.6 billion According to Thomson Reuters I / B / E As the purchase of smartphones has reached a plateau, Apple has extended its range of iPhone with more expensive and less expensive versions, from the iPhone X to the SE iPhone at the lowest price of $ 349. It has also eased investors' worries with a $ 100 billion stock repurchase program and promises of growth in services such as streaming music and video, where Apple is competing with Spotify Technology SA and Netflix. Inc.

against powerful rivals. Maestri told Reuters that Apple Care sales, the company's guarantee offering, were up 27 percent over last year, although the company did not disclose the sales figure.

When shares of Facebook Inc., Twitter Inc. and Netflix fell sharply due to concerns about future growth. With a market capitalization of $ 938.7 billion at market close Monday, Apple ticks the title of the world's first trillion dollar company.

Apple's top-selling products still do not face trade disputes between the United States and China. Donald Trump has threatened hundreds of billions of other tariffs whose categories of products have not yet been listed

But the Apple Watch is one of the categories that is one of the drivers of Apple's growth. Maestri told Reuters that the company's "wearable" businesses, including Apple Watch and its AirPods headphones, have generated $ 10 billion in revenue over the last 10 quarters and that sales have increased by 60 percent. % quarter. "We are not able to catch up and continue to add capacity for the AirPods," said Maestri.

Apple's margins are facing pressure to put in place more expensive components, such as OLED displays in its products. The company said it was expecting gross margins of 38 percent to 38.5 percent in the fourth quarter, compared to 38.3 percent for badysts, according to Thomson Reuters I / B / E / S. Analysts also closely monitor Apple's operating expenses, which increase due to the growth of its research and development expenses

Apple expects operating expenses of 7.95 to $ 8.05 billion in the fourth quarter, compared to $ 7.8 billion for badysts, according to Thomson Reuters I / B / E / S.