Apple achieves better than expected results in the third quarter



[ad_1]



Union

Economic development



Tim Cook at Apple's Global Developer Conference (AP)

Tim Cook at Apple's Global Developer Conference (AP)

Al Ittihad Newspaper

Apple made a $ 53.8 billion business turnover in the third quarter of its deferred fiscal year, while its net profit rose to $ 10 billion, down 13 percent, but higher to market expectations, despite a decline in iPhone revenues.

IPhone sales fell from $ 29.4 billion to about $ 26 billion, lower than badysts' forecasts.

Apple Computer, Apple Store, iTunes, Apple Music, iCloud and others recorded a $ 11.5 billion year-over-year growth of 15%, published Tuesday.

"This is the best result we saw in the third quarter of our fiscal year, thanks to record revenues for services, accelerated growth in connected accessories and good performance for iPad and Mac, and a clear improvement. performance of the iPhone, "said Tim Cook,.

Read also … Apple acquires Intel for $ 1 billion

Sales of this phone still account for about half of the giant group's revenue, which has turned to cloud computing to diversify its business.

In March, the group announced a series of new services, including a video streaming platform and a press release.

Apple expects a turnover of $ 61 to $ 64 billion in the fourth quarter of its fiscal year (July-August-September).

Source: AFP

[ad_2]
Source link