Quarterly report: Apple makes more sales with weak growth of the iPhone



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Apple increased sales by 17% to $ 53.27 billion. The US company announced it on July 31, 2018 after the close of trading on the New York Stock Exchange. This exceeded badysts' expectations and was close to the upper limit of their own forecasts

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In its third financial quarter, the 30 While the most profitable company in the world has only moderately increased the number of iPhones sold, sales of these devices have risen 14% to $ 29.91 billion. The iPhone X had a starting price of US $ 1,000 in the United States. IPhone sales rose 1% to 41.3 million units

Apple recorded the highest sales of all time for the June quarter, which is generally the most weak of the group. Demand for high-end iPhones has remained robust and services such as sales in the App Store have reached a record high.

Earnings rose 32 percent to $ 11.52 billion, or $ 2.34 per share, badysts say. Apple records a 2.4% increase in its business after normal hours

Apple: a strong growth of wearable products

"We are pleased to announce the best quarter of the year. Apple and the fourth consecutive quarter of double-digit growth said Apple CEO Tim Cook. "Our third-quarter earnings were fueled by sustained strong iPhone sales. , services and wearables and we are very happy with the products and services we are preparing. "

Chief Financial Officer Luca Maestri said: " Our strong commercial performance drove revenue growth in each of our geographic areas, a net profit of $ 11.5 billion and a cash flow from operations of $ 14.5 billion. " Apple is planning one for the current quarter Sales of 60 to 62 billion d US dollars and also exceed badysts' expectations.

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