Apple Posts Strong Q4 2017 Financial Results

Apple Posts Strong Q4 2017 Financial Results

His statement is based mainly on the fact that Apple has the most advanced camera platform right now with the 6P design. Soon after people started pre-ordering the iPhone X on October 27, shipping times lengthened to as many as six weeks. Switching to a new design might improve aperture performance, and thats it.

Though the iPhone franchise is somewhat in limbo, there are other factors afoot for Apple. However, a lot of people queuing up outside Apple stocks leaked over the preceding various years with various customers preferring to buy online, the limited production for the iPhone 8 has noticeably been due to secondary reports.

Telsyte managing director Foad Fadaghi said demand for Apple's premium smartphone would rise even after its launch as buyers who held out to see the handset made up their minds, and Australia's iPhone 6 and 6S users jumped on the chance to upgrade.

During its most recent quarter, Apple sold 10.3 million iPads and 5.3 million Macs, representing a year-over-year increase of 14% and 25%, respectively.

Since the first iPhone in January 2007, Apple's stock has surged nearly 1,300 percent, compared to the S&P 500's 83-percent increase.

Production problems have marred the release of iPhone X but the company is still forecasting revenues of between $84bn and $87bn for the next quarter compared with $78.4bn for the same period past year.

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It sold 46.6 million iPhones, in line with forecasts of 46 million and up from 45.5 million a year ago.

Reporting on its fourth quarter 2017 financial results, Apple has announced a net profit of $10.71 billion ($2.07 per diluted share) on revenues of $52.6 billion.

We're not going to lie to you: your chances of scoring an iPhone X tomorrow are not good - especially if your heart is set on a certain colour or capacity.

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.

For Q1 2018, Apple forecasts revenue between $84 billion and $87 billion and a gross margin between 38 percent and 38.5 percent. Cook said the Apple Watch posted a unit sales growth of over 50 percent for the third consecutive quarter.

iPhone sales make up about half of the revenue the company brings in (because duh, they're amazing). Sales in Greater China rose 12 per cent to $9.8 billion.