Apple Earnings: iPhone Sales Up Even Before iPhone X Went On Sale

Apple Earnings: iPhone Sales Up Even Before iPhone X Went On Sale

Revenues were up 12 per cent to US$52.6 billion.

Apple gave a gross margin forecast of 38 percent to 38.5 percent, higher than many analysts expected because new products often have higher costs.

Most Australians buyers are expected to buy the premium iPhone X on a contract, however, which could prove more challenging.

iPhones weren't the only hardware Apple released in the last quarter, though - in fact, most of the company's product line got a pretty big shake-up.

Beyond the iPhone, Apple said it sold 10.3 million iPad tablets, up 11% from the year ago quarter, and 5.3 million Macintosh computers, up 10%.

Apple shares have climbed 45 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 15 percent. Shares in the company rose 3 percent in after-hours to a new all-time high as investor concerns about production delays for the new phone were allayed.

Analysts interviewed by AFP see signs of strong demand for iPhone X, perhaps fueled by the company's famously devoted fans who have shunned freshly released iPhone 8 models to wait for the 10th anniversary device.

Bournemouth boss Howe disappointed to draw Chelsea in Carabao Cup
Conte, who played for Juventus under Ancelotti , a Chelsea League and FA Cup victor in 2010, used an expletive in relation to the same reports.

The Sydney store opened its doors shortly after Apple released its fourth quarter results that showed forecast revenue for the holiday shopping-quarter largely above market expectations.

The company hired two veterans from Sony TV to run its fledgling division, and according to the Hollywood trade publications, Apple is looking to spend $1 billion on originals, including a remake of Steven Spielberg's Amazing Stories TV anthology. By comparison, Apple shipped almost 217 million iPhones in its just-completed fiscal 2017. Worldwide sales accounted for 62 percent of the quarter's revenue.

Apple said Thursday that iPhone sales rose 3 percent in the July-September quarter, a period that saw the iPhone 8 and 8 Plus come out in the final weeks. Most analysts are predicting Apple won't be able to catch up with demand until early next year.

Cook and company say they expect between $84 billion and $87 billion in revenue next quarter.

Apple also said it returned to revenue growth in China, bringing in $9.8 billion versus $8 billion a year ago. The previous record was set in 2015 when Apple shipped 231 million iPhones, thanks to larger models introduced just before the fiscal year began.

The company is now sitting on a cash pile of $268.9bn, nearly all of it held overseas in lower tax rate jurisdictions.

Related Articles

  • National Football League  owner apologizes after 'inmates running the prison' comment

    National Football League owner apologizes after 'inmates running the prison' comment

    He told Josina Anderson of ESPN that 65-70% of their team would be kneeling and they decided not to remove their decals. Seahawks cornerback Richard Sherman, an opponent of the Texans on Sunday, also reacted critically to McNair's remarks.

    Kathy Griffin Puts TMZ Founder Harvey Levin's Phone Number Online

    Blogger Perez Hilton shared his own response to Griffin's video and declared that she will never work in Hollywood again. I do not know why he gets away with that!' "I'm on to you", she said". "Treated me like a dog".
    Maroon 5 tour includes Boston, Hartford shows

    Maroon 5 tour includes Boston, Hartford shows

    However, American Express Card Members can purchase tickets this Monday at noon through Friday, Nov. 3 at 10 p.m. Slick pop band Maroon 5 will return to St.
  • Can Apple iPhone X's Face ID be tricked?

    Can Apple iPhone X's Face ID be tricked?

    If you are planning to buy iPhone X then the fix cost of the device should be something for you to look up. The latter captured headlines everywhere and this is due to its extraordinary offerings.
    Double vehicle  bombing strikes Mogadishu

    Double vehicle bombing strikes Mogadishu

    United States military officials and others in recent months have expressed concern that Somali forces are not yet ready. Two auto bombs have killed at least 17 people in Somalia's capital Mogadishu, in a deadly attack claimed by al-Shabab.
    Sheriff's spokesman: 2 killed on Grambling State campus

    Sheriff's spokesman: 2 killed on Grambling State campus

    The sheriff's also said, "Investigators are in the process of gathering evidence, interviewing persons and securing warrants". A gunman is at large following a shooting at Grambling State University , which occurred just after midnight on Wednesday.
  • Kourtney Kardashian Says Her Pregnancy 'Announcement' Was 'Taken Out Of Context'

    Kourtney Kardashian Says Her Pregnancy 'Announcement' Was 'Taken Out Of Context'

    Then there's the curiosity surrounding Kim and husband Kanye West's news that they're expecting their third child via surrogate . Younger sister Kylie, 20, is also reported to have a bun-in-the-oven with her boyfriend of five months, Travis Scott.
    Nvidia 1070 Ti graphics card aims to please mainstream gamers

    Nvidia 1070 Ti graphics card aims to please mainstream gamers

    As for NVIDIA's own product lineup, the GeForce GTX 1070 Ti slides in neatly between the GeForce GTX 1070 and GeForce GTX 1080 . Previous year when Nvidia announced their Flagship GPU it was a monster at the moment till the announcement of the GTX 1080Ti.
    More And More Brands Announce They Won't Work With Terry Richardson

    More And More Brands Announce They Won't Work With Terry Richardson

    Condé Nast International publishes editions of magazines such as Vogue, Vanity Fair, GQ and Glamour . However, the photographer has been accused of inappropriate behavior on set by models in the past.
  • Annual flu vaccine campaign starts Wednesday

    Annual flu vaccine campaign starts Wednesday

    Additionally, hospital and EMS systems were strained by the increased demand of patients seeking immediate care. Thirty-one people have been hospitalized in our state since flu season started at the beginning of the month.
    Amazon Key unlocks your door for in-home package deliveries

    Amazon Key unlocks your door for in-home package deliveries

    Amazon unveiled a new service today that will let its couriers deliver boxes inside your home when you're not around. When the delivery person arrives, the app sends the customer another note saying the delivery person is at the door.
    IV Sasi to be laid to rest today evening

    IV Sasi to be laid to rest today evening

    Irruppam Veedu Sasidharan was born in Kozhikode in March 1948 and began his career in the role of an art director. Though the movie dealt with a risque theme, Sasi, made the film a success with his deft handling of the subject.