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San Francisco These are figures that Wall Street wanted them to be. Apple is the last of the companies called "FAANG", which submitted its quarterly results. After sharp declines on Facebook and Netflix and well received figures from Amazon and Google (Alphabet), Apple has set a brilliant finale. The stock has risen nearly 4% up to $ 198 and could calm the current nervousness of investors in the stock markets.
Apple released figures for the third quarter of fiscal 2018, coinciding with the second quarter of the 2018 calendar year. The numbers are impressive, sales rose 17 percent year over year to $ 53.3 billion and net income reached $ 11.5 billion.
The flagship iPhone sales remained virtually unchanged at 41.3 million units. However, the average price of a smartphone, which rose from 693 to 724 dollars, has finally resulted in an increase in smartphone sales of 20 to 29 billion dollars. Rising prices imply that demand for the most expensive model, the iPhone X, is still high. The details do not tell him Apple.
The biggest growth showed the "services" range, which increased by 31 percent. These include the AppStore, iCloud storage services, AppleCare device insurance, music and video services and the ApplePay digital payment system.
ApplePay arrives in Germany at the end of the year
ApplePay will be introduced at the end of the year in Germany, revealed CEO Tim Cook in an interview with badysts. The names of the banks involved and the prices have not yet existed.
Apple Music reports a 50% increase in revenue. The entire serving area generated $ 9.6 billion in revenue during the quarter, including a one-time gain of $ 236 million from litigation. Cook plans to drive the division at $ 14 billion a quarter by 2020.
Already, he is the second biggest behind the iPhone. IPad and Mac computers are far behind in the quarter, with sales down 5 percent each. Computers even posted a 13% drop in units sold.
"We are excited to announce the best quarter of Apple and the fourth quarter with double digit sales growth," said Tim Cook, Apple's CEO. Discussions about his ability to inherit from Steve Jobs have long since ceased.
Cook has delivered and turns the group from a hardware-based company into a hardware company with a strong media and service industry. The number of paying subscribers to Apple or a third-party vendor is now rising to 300 million.
The services division spends 2.5 times more money than Netflix in the quarter. Cook was very pleased with the television activity in the badysts' speech, but did not want to reveal details. He hired two Hollywood veteran stars working on an ambitious project last year
Analyst: Apple's review needs to be reconsidered
For badyst Gene Munster, he is time to evaluate Apple to rethink. According to him, for eight quarters, iPhone sales are in a narrow range of growth of zero to five percent from one year to the next. The iPhone business has become a stable growth engine.
Growth now comes from other areas such as services or Apple Watch, digital speakers, headphones and many others. Stock market guru Jim Cramer of "Mad Money" sees stock prices of $ 200 or $ 300 in the long run. Apple's rating is still at a low level, as for commodity producers such as Procter & Gamble with growth rates of 1%, but not where other tech stocks like Amazon or Netflix are settled.
Luca Maestri, Chief Financial Officer, repaid to shareholders about $ 25 billion, of which approximately $ 20 billion was redemptions. The exact figure will be announced in reports to the Securities and Exchange Commission on Wednesday.
Then, it may also be more accurate to determine when Apple will exceed the trillion dollar mark in the stock market valuation. For the current quarter, Apple claims to have a turnover of 60 to 62 billion dollars, which would be, if the center is hit, a more than 15 percent on the same quarter the year. latest. Analysts see this as an indication that new iPhones should arrive in September in the trade.
That too for a strong Christmas quarter, Apple should no longer have production problems like the iPhone X. Models arrived late and were only available in small quantities for a long time
. But, as shown on Tuesday, even the loyal customer and fans are not a problem, and at most a sprain during the title of King of Tech. -World. The current trade dispute between the United States and China does not currently weigh on society, says Apple. China is a producing country, but also with $ 9.5 billion during the quarter, an increase of 19%, the second largest market after the United States.
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