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Apple's quarterly results beat market expectations – driven by its less, but more expensive, iPhone sales and service revenues like the # 39, App Store, Apple Music and iCloud. The world's most valuable technology company jumped 3.9 percent after hours to US $ 197.69 (at 5:25 pm local time).
Apple has sold 41.3 million iPhones, slightly below the 41.8 million units According to FactSet data, the average selling price of the iPhone reaches US $ 724 against US $ 694 for analysts.
The company's chief financial officer, Luca Maestri, says that customers buy more expensive models, and the iPhone X $ US999 was the best seller.
Apple posted a business turnover of $ 53.3 billion in the third quarter and earnings of $ 2.34 per share, and its revenues would be between $ 60 and $ 60.62 billion in the fourth quarter.
As sm Apple has expanded its range of iPhone with more expensive and less expensive versions, from the iPhone X to the US SE iPhone the cheapest $ US349.
Markets at 7:00 am (AEST):
- Futures ASX SPI 200 + 0.3pc at 6,237, ASX 200 (closing of the month) at 6,280
- AUD: 74.26 cents US, 56.54 British pence, 63.5 euro cents, 82.03 Japanese yen, $ NZ1.09
- US: Dow Jones + 0.4pc at 25.415, S & P 500 + 0.5pc at 2.816, Nasdaq + 0.6pc at 7.672
- Europe: FTSE + 0.6PC at 7.749, DAX + 0.1pc at 12.806, CAC + 0.4pc at 5.511 Euro Stoxx 50 + 0.5pc at 3.529
- Raw materials: Brent crude -1pc at US $ 74.25 / barrel, spot gold + 0.2pc at US $ 1,223.41 / ounce
It also eased investors' worries with a 100 billion share buyback program the growth of services such as streaming music and video – where Apple is facing competition from rivals, including Spotify and Netflix.
But many Apple services are not facing strong rivals.
stri said that sales of Apple Care, the company's guarantee offer, were up 27 percent over last year, although the company did not disclose a sales figure.
The tech sector suffered declines as shares of Facebook, Twitter and Netflix fell due to future growth.
With a total market value of more than 900 billion US dollars, Apple ticks the title of the world's largest company
Apple's top selling products are not yet the subject of commercial litigation between the United States and China, but US President Donald Trump has threatened hundreds of billions of dollars of new tariffs on categories of products not yet listed. The Apple Watch, one of Apple's growth drivers, is one of the categories potentially affected by tariffs.
million. Maestri said the company's "wearables" – including Apple Watch and its AirPods these, among others, have generated $ 10 billion in sales over the last 10 quarters and have seen their sales increase 60% in the last quarter.
"We are not yet able to meet the demand For AirPods," Apple's margins are facing pressure as it sets up more expensive components, such as OLED screens that show more bright colors in its products. "
38.35% in the fourth quarter, against 38.3% for analysts, according to Thomson Reuters data.
Wall Street bounces back
US markets are recovering overnight, driven by gains in industrial stocks, following the US and China renewed their trade negotiations to prevent the escalation of the trade war.
Industrial stocks, which have served as a substitute for recent trade tensions, were the best performers overnight.
Upper Middle Test 0.4 percent at 25.415 The S & P 500 and Nasdaq closed respectively 0.5 and 0 , 6%. [19659005] In July, the Dow Jones rose by 4.7% and the S & P 500 by 3.6%, its best monthly performance since January.
The Nasdaq rose more than 2 percent last month.
After slipping during the last three trading days, the shares of "FANG" performed a mixed performance. Facebook (+ 0.9pc) and Netflix (+ 0.7pc) regained ground, while Amazon (-0.1pc) and Google (-0.2pc) fell.
Technology stocks lost 5.4% over this period, after mixed results Facebook released lower-than-expected revenue last week, while Twitter released fewer users than expected for the previous quarter
Australian Market Today
Australian Equities Are Expected The Australian dollar strengthened against major currencies, rising 0.4 percent to 74.3 US cents.
He also rose against the dollar. Pound Sterling (+ 0.4pc), Euro (+ 0.4pc) and Japanese Yen (+ 1pc).
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