Slashdot Mirror
Apple's Shares Rise On Better-Than-Expected iPhone Sales (fortune.com)
Apple reported a 7.2% rise in quarterly revenue on Tuesday, thanks to better-than-expected sales of its iPhones. "The company said iPhone sales rose 1.6% to 41.03 million in the third quarter ended July 1, above analysts' average estimate of 40.7 million units," reports Fortune. "Apple sold 40.4 million iPhones a year earlier." From the report: Apple's shares rose 4% in after-hours trading on Tuesday to $ 156.00.
Many customers wait for Apple to launch its new smartphones before deciding on upgrading or replacing their current devices, which usually results in iPhone demand tapering in the months before a release. The company forecast total revenue of between $49 billion and $52 billion for the current quarter, while analysts on average were expecting $49.21 billion, according to Thomson Reuters I/B/E/S. Analysts on average expect the company to sell 45.55 million iPhones in the current quarter, according to FactSet. Apple sold 45.51 million iPhones in the year-ago quarter.
There were a few other interesting tidbits learned from the earnings call:
- after a long decline, ipad sales were significantly up at 15%, expected to rise more since the new ones were launched in june. Having replaced my early pleiocene ipad 2 with the new pro 10.5, I think that many will agree that it is an excellent tablet.
- Mac sales were up too
And more interestingly, looking at the future:
- Cook expects great success with ARKit.
- Cook informed that they have a big project ongoing in autonomous systems .
People like to buy phones that get security updates for five years rather than disposable Android shit that you have to throw out after 18 months because an unpatched vulnerability lets the whole planet spy on you.
Who the hell doesn't have bluetooth headphones at this point? Cords are for dads.