Apple announces slow iPhone sales, but $100 billion for investors
03 May, 2018, 18:36 | Author: Courtney Reynolds
In addition, the analyst from Sanford C Bernstein who predicted previous year that iPhone owners who had previously held back on updating would finally update with the iPhone X, reported no such "supercycle" had occurred. The company announced a revenue of $61 billion, up 16 percent on-year, and a net income of $13.8 billion, for the quarter ending March 2018.
Apple also will spend $100 billion more buying back its stock, a move that will enrich shareholders by helping to drive up the company's stock price.
The company's net income for the second quarter was United States dollars 13.8 billion, up from USD 11 billion a year ago. Apple sold 52.2 million iPhones, 9.1 million iPads, and over 4 million Macs during the quarter, earning $38 billion, $4.1 billion, and $5.8 billion respectively from these three verticals.
"Customers chose iPhone X more than any other iPhone each week in the March quarter, just as they did following its launch in the December quarter", Cook added.
And, although the iPhone remains the company's main driver of revenue, sales of services and other Apple products are growing.
Apple's Chief Financial Officer (CFO) Luca Maestri said during the conference call that Apple's Mac set a new March quarter revenue record, including new records in both the Americas and Greater China.
Storms kill at least 78 in western and northern India
The devastation is particularly severe in Agra , the northern Indian city where the Taj Mahal is located, according to officials. In Uttar Pradesh , "40 to 50" people were killed in sandstorms, State Revenue and Relief Commissioner Sanjay Kumar told ANI .
Apple bought $23.5 billion of stock in the March quarter, and said it planned to hike its dividend 16 per cent, compared with a 10.5 per cent increase a year ago.
Cook suggested new services were in the works and said Apple's installed base of devices grew by double digits from a year earlier.
Apple previously promised to hire 20,000 more workers during the next five years, including some at a planned new campus in a still-to-be-identified USA city outside California.
Firstly the figures confirm that the iPhone sales are flat and while Apple is still doing well for now, the sources of future growth may still be murky. But these companies do not gain from Apple's expanding services offerings. "There's going to be a shift over the next few quarters and couple years where investors are less interested on what the iPhone numbers [are] in any given quarter", said Munster.
Apple stock rose 3% in after hours trading Tuesday following the earnings report. The stock is now trading at almost $170, giving the company a value of about $840 billion. There has been recurring speculation that Apple might try to buy Netflix, a deal that would probably cost at least $150 billion and would break the mold for a company that has shunned major acquisitions through its history.
Pilots " fought to take the aircraft under control till the last minute ", according to Moscow defence officials. TV channel Al Mayadeen , the Syrian newspaper Enab Baladi and other outlets made the pictures public.
The Houthis said they launched eight ballistic missiles at " economic and vital targets " in Saudi's Jizan province on Saturday. The latest attack came as the Huthis staged a public funeral for a slain commander in the Yemeni capital Sanaa.
Back in August a year ago , Michele shared a touching post about her beau on her birthday declaring her undying love for him. In the photo below, a clearly effusive Michele poses beside seaside with her ring-bearing hand covering her smiling face.
Rangers have endured a hard recent period and have sacked Murty off the back of a 5-0 defeat to Celtic in the Glasgow Derby. Gerrard, 37, hung up his boots in 2016 after a 12-month stint with LA Galaxy and now manages the Liverpool under-18s.
The fears of a gas leak at the Royal Melbourne Institute of Technology in Australia were, fortunately, very anti-climatic. According to a MFB statement , the building was known to store potentially unsafe chemicals.
Mueller's team has found and is investigating as it probes whether The Trump Campaign colluded with Russian Federation . But an interview with Mueller could open Trump up to perjury charges if he gives false statements.
It's hard to win games. "It's our target in this moment, focus on the next game against Newcastle and try to get three points". It puts us in a very good position fighting for the top four and that is the objective for the rest of the season".
Young supporters of Democratic presidential nominee Hillary Clinton gather on the night of her losing effort in the 2016 election. Of those, 27 percent said they plan to vote in the Democratic primary, and 12 percent plan to vote in the GOP primary.
Starting at $199 Dollars for 32 GB of storage (or $249 USD for the 64 GB model), Oculus Go was designed with comfort in mind. That architecture has helped Facebook and Oculus keep the price down, of course, but it has also forced some compromises.
Basically, when you buy a device or product which is RED, from that purchase Apple sends a contribution to the Global Fund. The iPhone 8 Plus RED is priced at Rs 77,560 for the 64GB storage option, while the 256GB version cost Rs 91,110.
"NATO is wonderful, but it helps Europe more than it helps us", Trump said ahead of his meeting with the German leader. Luxembourg s veteran Foreign Minister Jean Asselborn told AFP Pompeo had got his point across without causing upset.
How ANT-MAN AND THE WASP Fits Into INFINITY WAR
That mark beat the one set by "Star Wars: The Force Awakens" for the highest opening weekend ever, the Associated Press reports. The new footage does an unbelievable job of making Evangeline Lilly's Hope van Dyne, aka Wasp, look like a complete bad ass.
Lydia Ko wins Mediheal Championship to end two-year drought
This win will be remembered for the best three-wood of her career after stiffing it to two-feet from 234 yards to finish in style. Can you say depth of talent? Australia's Minjee Lee was left in awe of the shot that ended up being her undoing.
Money in Budget for Barrier Reef
The reef is a critical national asset, contributing AU$6.4 billion a year to the Australian economy. The reef is the world's largest living structure and it can even be seen from space.
Unai Emery To Leave PSG At End Of Season
May 8, PSG could win another Cup. "We lost to Real (in the Champions League round of 16) but Real are the best team in Europe". Wenger won't want to call it a day on a sour note and picking up a few French league titles would be ideal.