Apple sees holiday-quarter sales above Wall St, shares rise
03 November, 2017, 00:53 | Author: Patty Aguilar
The Mac "had its best year ever" in fiscal 2017 in terms of revenue, and fiscal Q4 also marked the strongest September quarter ever for Mac sales, Apple CEO Tim Cook said during the quarterly earnings call on Thursday.
Investors are keen to gauge Chinese demand for the iPhone X, as it is key to reviving Apple's fortunes in the world's biggest smartphone market where it has lost some of its sparkle - and market share - as local phone makers have advanced. All told, Apple earned $10.7 billion on revenue of $52.6 billion, compared with a $9 billion profit on revenue of $46.9 billion a year earlier.
Consensus estimates from Zacks' showed analysts expected earnings of $1.87 per share and revenues of $51.17 billion.
With this fall's blockbuster launch of three new iPhones, including the dramatically redesigned iPhone X, most Apple-related attention is on the company's smartphone line.
But this year, Apple shifted its sales strategy to introduce two new slightly improved models, the 8 and 8 Plus, and a third phone, the X. iPhone 8's went on sale September 22, but Apple held back the big guns for November 3, when the state-of-the art, $999 X hits store shelves.
Apple also forecast a gross profit margin of 38% to 38.5% for the holiday quarter. Proceeds that some other products - including the Apple Watch, Apple TV and Beats products, also rose 36% to $3.2 billion. That's higher than it expected during the same period previous year, $76 billion and $78 billion, and slightly above analyst expectations. If the stock nears that level on Friday, the company will reach a market value of $900 billion. Cook said orders of iPhone X "have already been very strong". This is a step Cupertino is unwilling to take, having learned valuable lessons from the iPhone X supply issues. The 8 went on sale at the very end of the most recent quarter.
"The ramp for iPhone X is going well", said Cook.
Wang Hao, a 24-year-old engineer in the northeastern port city of Dalian, said he ordered the new phone despite the high price tag.
"I'm definitely interested, but don't now plan to get one", said Gu, whose monthly salary of a little over 6,000 yuan ($905.36) is less than the anniversary model's starting price in China of 8,388 yuan. That represented 25 percent growth from the same period a year earlier when sales were $5.74 billion.
Each year Apple's sales quarters generally follow a pattern - or have over the past 6 years or so.
In a surprise move, the Fins dumped Ajayi in favor of a fourth-round pick, according to CBS4 news partner The Miami Herald . Wentz himself is a running threat, and there are also talented and underrated backs in Wendell Smallwood and Corey Clement.
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Miller hit young all-rounder Mohammed Saifuddin for five sixes in the 19th over, which yielded South Africa a whopping 31. In fact, the Proteas can now brag with three of the fastest centuries in the global format.
Podesta's company was one of many firms that worked on the campaign, which promoted Ukraine's image in the West. He is the brother of Hillary Clinton campaign chairman John Podesta , who is not under investigation .
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Few details of the game are now available, but it will be set in feudal-era Japan and involve the Mongol invasion. These are all speculations though depending on what we see, so we must wait for more information by Sony.
But that doesn't stop the masses from coming out against her, questioning her Halloween costume decision all the same. Kim , meanwhile, captivated fans with her outfit, looking near-on identical to the Like a Prayer singer.
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Congress. "We will produce any weapons of any kind that we need and stockpile it and use it at anytime to defend ourselves". Amano has already said the accord subjects Iran to the world's toughest nuclear inspection regime.
Nintendo's Legendary Black Friday Deals
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Taxi plows pedestrians in London
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