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Apple Inc.'s (AAPL) share of the largest US dollar would be greater than expected holiday sales would fall shy of Wall Street's forecasts.
The group also has the role of providing information on how to do it, how it works, and how it works. the company's profitability. $ 1.91 per share and group More than $ 2.91 per share and group revenues of $ 62.9 billion.
"Luca Maestri CFO Luca Maestri told investors on a conference call late Thursday. "As we have stated many times, our objective is to make great products and services that enrich our lives, our customers are highly satisfied, loyal and engaged."
"As we achieve these objectives, strong financial results follow," he added. "As demonstrated by our financial performance in recent years, we are not necessarily representative of the underlying strength of our business."
Apple shares were marked 5.7% lower at the opening and at $ 209.45 each, the lowest since August 1 and a move that takes the market value of the Cupertino, Calf-based group below the $ 1 trillion mark for the first time since it became the first-ever company to surpass that valuation on August 2.
Apple said it shifted 46.9 million iPhones over the three months ending in September, a figure that was largely in-line with analysts' forecasts was flattered by a much stronger-than-expected average selling price of $ 793, which topped the $ 751 consensus rose 28.3% from the same period last year.
Services revenue, which includes App Store, Apple Music, iCloud Storage and Apple Pay sales, rose 27% to $ 10 billion, but slowed down from the 31% recorded in the June quarter, an easing that may have been affected by the slower pace of iPhones sales that reduces the so-called installed base.
"We believe that the new iPhones are nicely boosting ASPs, but unit growth is still lacking," said BMO Capital Markets' Tim Long. "We are skeptical about the sustainability of ASP growth, and we will be disappointed by the lower level of disclosures."
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