teknolojiarsivi.com
teknolojiarsivi.com May 27, 2018


Apple shares rise after sales quell iPhone worries

03 May 2018, 02:11 | Virginia Benson

Image used for representational purpose

Apple logo. Reuters

And, at the end of earnings - buoyed by stronger-than-expected results and the $100 billion stock buyback Apple also took the occasion of earnings to announce - it seems investors share Apple's optimism for now.

Apple reported a 25.3 percent rise in earnings to $13.8 billion following 15.6 percent increase in revenues to $61.1 billion. The tech giant's shares surged as much as 5% in after-hours trading on Tuesday.

During the period of January to March, Apple said that it sold 52.2 million iPhone.

The iPhone maker is raising its quarterly dividend by 16 per cent to 73 cents per share, matching the largest increase since Apple restored the payment under shareholder pressure six years ago.

That came on top of $22.8 billion in buybacks executed in the prior quarter, "a record amount for any issue in any quarter", analyst Howard Silverblatt said.

Taking into account of iPhone's revenue contribution and the iPhone ASP, Apple could achieve a 10 percent year-on-year growth in iPhone shipments in the current quarter with around 45 million units shipped.

"We were surprised somewhat that through all of this period of time that the iPhone X winds up as the [best] selling, most popular [device] for every week. since the launch" in November, Cook said Tuesday during a conference call with analysts.

"We sold 4.1 million Macs, generating year-over-year growth in many emerging markets, including Latin America, West Asia and Africa, central and eastern Europe and India", Maestri said.

Apple's stock price rose nearly 4% to $176.57 on Wednesday, at the high end of the price range where it has been mired since early November.


When it comes to fears about the iPhone X's performance, this report should "all but put them to rest", Motley Fool senior analyst Jeff Fischer said."Tim Cook and Apple are playing the long game", he added.

Analysts especially praised a big jump in revenues in Apple's services business, which is seen as an important element of diversification away from having revenues tied to gadgets.

Being too reliant on one product has its obvious pitfalls but there are also perhaps "hidden" benefits to generating more sales from the services business.

The iPhone is Apple's most important product, accounting for more than 60% of its revenue.

SINCE Apple said in January that it would bring back most of the US$252 billion it held overseas under the new tax law, investors have wondered what the company would do with the enormous cash pile.

"According to our estimates, iPhone X's production volume fell by 50% in the first quarter compared to the fourth quarter", Huang said.

Apple is said to be focusing on services after witnessing a slowdown in smartphone sales.

Apple bought shares worth $23.5bn in the three months to March. The firm noted that the implied iPhone units in the coming quarterly guidance was higher than investor expectations, and iPhone X was the number one selling phone in China. "And the infrastructure has come quite a ways since we began to put a lot of energy in there due to their leadership and so forth", Cook said.

"My own view is that China and the US have this unavoidable mutuality where China only wins if the USA wins and the US only wins if China wins", Cook said."So I'm a big believer that the two countries together can both win and grow the pie, not just allocate it differently and so that's our focus over time I think that view will prevail".



Other News

Trending Now

Old Trafford to host six World Cup Games including India V Pakistan
Edgbaston, the venue of Bangladesh's match against India in the Champions Trophy previous year is unchanged in the World Cup. The 2019 cricket World Cup will return to the format of the 1992 edition of the tournament.

15:14Theresa May Stares Down Revolt Over EU Customs Union
According to the report , the PM and her top aides "will not be crying into our beer" if Parliament forces such an outcome on the Government.

New UK interior minister vows to resolve immigration scandal
Penny Mordaunt has missed out on becoming the new home secretary after the shock resignation of Amber Rudd last night. It's also notoriously known as something of a political minefield - May's six-year survival there being an exception.

Improved Manchester United can challenge for title next season, says Brown
English football has been truly blessed to witness Wenger's creative and tactical genius for just under a quarter of a century. But despite coming off the back of more than two decades at the highest level of management, he has no intention of retiring.

2 officers, 1 civilian shot in Texas
Also, multiple agencies are assisting in the investigation, she said, including local, state and federal agencies. The two officers and the store loss-prevention officer underwent surgery for their injuries, Police Chief U.

Porn star Stormy Daniels suing Donald Trump over 'defamatory' tweet
Daniels, whose real name is Stephanie Clifford , lodged the complaint with the US District Court for the Southern District of NY . Cohen asked for a delay after Federal Bureau of Investigation agents raided his home and office several weeks ago.

Jose Mourinho: Manchester United 'need more success'
It was a positive game, and in the end we were a bit lucky to score in the last minutes but we were strong in the last 20. They also suffered disappointment in the Champions League when they crashed out in the last 16 against Sevilla.

Amazon has found a new delivery spot: Your auto
Amazon never ceases to surprise us, and perhaps this in-car delivery will expand beyond your driveway or office parking lot. Another customer said it helped him keep personal and business orders separate by giving him another delivery site.

Paddy Agnew's Notes from Italy: Serie A title race is back on
The 33-year-old gritted his teeth and tried to play on but was forced off ten minuets later with a knee problem. Benevento's relegation from Serie A was confirmed on Sunday after just one year in Italy's top flight.

Rangers dismiss Murty, paving the way for Steven Gerrard
Newcastle United legend Alan Shearer has urged Liverpool U18 coach Steven Gerrard to accept Rangers' approach. I'm busy now for a couple of days now but I will pick it up on Thursday and we'll see if we can progress it".