Apple increases profits with more expensive iPhones



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AFP.

Although the amount of equipment sold was lower than expected, the higher selling price offset the result for the year.

Apple announced Tuesday that its profits increased by more than 30% Read more: Apple offers a solution for MacBook Pro with speed problem

Business volume rose 17% to 53,300 Millions of dollars over the same period last year especially for iPhone sales, online services and devices worn on the body or clothing.

"We are pleased to report the best quarter ended in June of Apple and the fourth consecutive quarter of growth in sales figure," said Tim Cook CEO in the publication of the results.

iPhone sales still counted were slightly less than expected with 41.3 million devices (+ 1%) but this lean This was due to the launch in 2017 of the iPhone 8 but especially from the iPhone X whose initial selling price to the public was nearly 1,000 dollars. 19659004] Apple's results were immediately rewarded by the market and around 9:25 pm GMT, shares rose 3.55 percent to US $ 197.03 in electronic trading after Wall Street closed.

Despite this increase, the value of the stock was still insufficient for the company to reach the capitalization value of 1,000 million US dollars. At the normal closing of Wall Street, Apple was worth 935,300 million US dollars.

Attentive Markets

The company, which seeks to diversify to not depend as much on the iPhone, has increased by 31% to 11,500 million US dollars in revenue services such as iTunes Store, Apple Music, Apple Pay, among others.

Markets were very attentive to the possibility of finding disruptions at Apple because of the trade war between the United States and China; One of the main markets of the company manzanita and on which it depends a lot.

In addition to generating revenues of 9,500 million US dollars during the quarter, Apple badembles in China most of its devices.

results better than expected at a time when the values ​​of technology companies are in trouble; especially after the disappointing results of the Facebook social network whose share has lost 20% since it's revealed its quarterly data.

Read also: Apple is fully involved in clean energy in China

Apple was now a dozen dollars a share to reach the iconic market value of 1 billion US dollars. The Chinese state-owned company PetroChina reached it briefly in 2007 when it entered the stock market but fell quickly.

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