• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Fintech

Apple Q3 Results Soar With $45.4b In Revenue, Thanks To Strong iPhone Sales

Theresa Casimir by Theresa Casimir
August 2, 2017
in Fintech
Share on FacebookShare on Twitter

July ended well for Apple as their earnings for the third quarter increased more than 1.6 percent from last year and fall in line with the analysts estimated earlier predicted. And the third quarter rose 7.2 percent to $45.4 billion compared with the average projection of $44.9 billion and high sale on the iPhones this year was recorded for more than 41 million iPhones as the quarter ended.

Apple Inc. gave their revenue earning report that highlighted resilient demand for its iPhone ahead of the launch of its new models which will be out soon by fall this year, and will go on sale by mid of September which will produce a few weeks revenue to be added to the fourth quarter results.

However some analysts have reduced their expectations toward Apple earnings estimates but with the report published by Apple on the increase in sales from its iPhones , it calmed the fears from most analysts that Apple sale for the quarter was bad but instead the report shows that the sales of the iPhones has increased the revenue of the company.

The revenue increased from $49 billion to 52 billion in the last three months which was far from predicted by the analysts, the analysts had predicted and estimated it to be $49.1 billion, in an interview with Bloomberg television the chief executive officer Tim Cook said “we have put everything we know into coming up with the guidance and we really like what we for the beginning of the back to school season”.

Shares have climbed about 30 per cent this year and 6 per cent in extending trading which finally closed at $150.05 in New York there by putting the stock on the course to open at a record today and there has been lots of activities going on App Store as every product grew, revenue rose to 7.2 percent from previous year, about 15 percent of more iPads were sold of which seem old of fashion but later went on high sale over the past three months.

The company has put allot in place to ensure that the old technologies get upgraded into better and more fabulous ones and put back on sale and the new technologies comes with a completely different design and features as they are currently working on a lot of different new technology which most will be out by September this year or later in the year.

Related Posts:

  • lenovo-yoga-book-feature-awesome-specs-android
    Apple Reports Impressive Fiscal Third Quarter…
  • Zoom’s Fiscal Second Quarter Revenue Falls Below…
  • Apple-logo
    Apple's Revenue Rises, But Misses iPhone Sales…
  • Apple's Fiscal Fourth Quarter Results Surpasses All…
  • virtual-doctor
    Tencent Music Entertainment Reports First Quarter…
  • Cisco Reports Fiscal Fourth Quarter Earnings Results, Issues Better-than-expected Guidance For Its Full 2023 Fiscal Year
    Cisco Reports Fiscal Fourth Quarter Earnings…
  • Apple-logo
    Apple’s Q4 Earnings Shows Revenue Beat, Tax Charge…
  • Lyft's Strong Second Quarter Results Show A Post-COVID  Recovery
    Lyft's Strong Second Quarter Results Show A…

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: Appleearningsfinancetech earnings
Theresa Casimir

Theresa Casimir

New at TechBooky, write on important tech stuff from around the world

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • Tech Hype vs. Reality – When Big Tech Missed the Mark Pt. 1 May 9, 2025
    • Top 10 Fee-Free Fintech Apps Nigerians Are Turning To After CBN’s New Charges May 8, 2025
    • Airtel Launches Mobile Money in 2026 to Rival M-Pesa & MoMo May 8, 2025
    • Nigeria Hits 172M Mobile Subscriptions; MTN Tops 90M Barrier May 8, 2025
    • WhatsApp Developing AI Chat Wallpapers & Message Summaries May 8, 2025
    • Bill Gates to Wind Down Foundation by 2045, Slams Elon Musk Over USAID Cuts May 8, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Popular Tags

    africa (135) AI (497) android (367) app (717) Apple (576) artificial intelligence (419) business (482) china (132) cryptocurrency (209) ecommerce (122) enterprise (287) facebook (507) fintech (244) funding (121) gadget (558) gaming (201) google (709) government (469) instagram (173) internet (466) ios (291) iphone (246) meta (116) microsoft (369) mobile (352) new feature (384) nigeria (440) privacy (158) research (140) samsung (185) security (421) smartphone (277) social media (835) software (509) startup (419) streaming (174) telecom (242) tips (372) twitter (289) united states (216) users (158) videos (127) website (173) whatsapp (201) youtube (138)

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy

    About Us

    TechBooky

    TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

    Recent News

    Tech Hype vs. Reality – When Big Tech Missed the Mark Pt. 1

    Tech Hype vs. Reality – When Big Tech Missed the Mark Pt. 1

    May 9, 2025
    Top 10 Fee-Free Fintech Apps Nigerians Are Turning To After CBN’s New Charges

    Top 10 Fee-Free Fintech Apps Nigerians Are Turning To After CBN’s New Charges

    May 8, 2025
    Airtel Launches Mobile Money in 2026 to Rival M-Pesa & MoMo

    Airtel Launches Mobile Money in 2026 to Rival M-Pesa & MoMo

    May 8, 2025
    MTN Recovers ₦32 Billion in USSD Fees

    Nigeria Hits 172M Mobile Subscriptions; MTN Tops 90M Barrier

    May 8, 2025
    WhatsApp Developing AI Chat Wallpapers & Message Summaries

    WhatsApp Developing AI Chat Wallpapers & Message Summaries

    May 8, 2025
    Bill Gates to Wind Down Foundation by 2045, Slams Elon Musk Over USAID Cuts

    Bill Gates to Wind Down Foundation by 2045, Slams Elon Musk Over USAID Cuts

    May 8, 2025
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok