Apple has reported its latest quarterly earnings. First thing to know is that this is Apple’s first drop in annual revenue since 2001 but overall earnings beat expectations. It’s also expecting a really strong iPhone 7 sale this holiday especially when the other major competition from Samsung won’t be on sale this holiday.
They reported earnings of $1.67 per share versus $1.66 expected. Revenues stood at $46.90 billion versus $46.94 billion expected. Apple shares were down about 2 percent at the time of reporting.
With respect to the number of iPhones sold in the quarter, they reported a sale of 45.5 million units versus 44.8 million units expected. Even with the slight increase, Apple phone shipments still fell 5 percent
Well that said, Apple expects a better next quarter on strong iPhone 7 sales. In a statement earlier today, Apple CEO Tim Cook said “We couldn’t be more excited about the customer response to the iPhone 7 and the iPhone 7 Plus,”
Apple expects revenue of $76b-$78b versus $74.9b at $3.21 per share expected.
Paul Balo is the founder of TechBooky and a highly skilled wireless communications professional with a strong background in cloud computing, offering extensive experience in designing, implementing, and managing wireless communication systems.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
