IPhone sales lift tech giant Apple to record revenue in past quarter

01 February, 2017, 11:20 | Author: Alicia Barber
  • Chart of the day: Apple shares slide ahead of earnings

The Cupertino-based company saw revenue for the quarter increase to $78.4 billion, a rise of nearly $3bn from the quarter before.

As for other products in Apple's lineup, iPad and Mac sales checked in at 13.1 million and 5.37 million units, respectively.

Apple chief executive Tim Cook said demand was especially high for the larger iPhone 7 Plus in the holidays-dominated period, which includes US Thanksgiving and Christmas. Apple had guided for sales of $76 billion to $78 billion in the December quarter, which implied earnings of about $3.17 per share. Wall Street is expecting average selling prices (ASPs) to drop to $687 per phone from $735 per phone in the prior year.

Apple also registered revenues of $7.2 billion for its services business, marking an impressive 18 percent year-over-year growth compared to last year's (which was at $6.1 billion). The stock, however, gained $3.40 or 2.80% in the after-hours trade.

Injuries, suspensions and line-up vs West Ham
Hart would be a marque signing for West Ham, who continue to try and progress the club following the move to the London Stadium . "He is one of the nicest guys I've ever met and when you are one of the nicest guys off the pitch, you are on the pitch".

Apple sold 78.29 million iPhone units during holiday season quarter, generating $54.38 billion in revenues, helping to stop three consecutive quarters of iPhone sales and revenue declines. Analysts hope the upcoming "iPhone 8", the 10th anniversary device, will propel Apple to its best year. Worldwide, smartphone profits reached $9.4 billion during the third quarter of the year - 91% of which went to Apple - according to recent findings from Strategy Analytics. The actual result is an "all-time record", Apple said in a statement. Also, the rumor mill has been swirling like insane lately, as analysts and Apple insiders are predicting that 2017 will be a big year for the iPad.

A big focus will be on Apple's iPhone sales, which represent the majority of the company's revenue.

Revenue from Apple's services businesses, like iTunes and AppleCare, continued to jump in the quarter, up 18 percent to $7.2 billion. The revenue was largely in line with analysts' expectations for $4.07 billion. He also cited how iOS mobile users have made $3 billion worth of purchases from the App Store in December alone, making it the best single month sales performance ever for the online store.


  • Google creates $4-million fund to fight immigration ban

    Google creates $4-million fund to fight immigration ban

    The order saw widespread protests happening throughout the United States for most of the weekend. A federal judge has stayed part of Trump's executive order till February 21.
    Super Mario Run Gets an 'Easy Mode' in New Update

    Super Mario Run Gets an 'Easy Mode' in New Update

    Super Mario Run has now been downloaded more than 78m times, Nintendo announced today in its latest financial briefing. The game is expected to make its Android debut sometime in March.
    Trump to Ink Executive Order on Cybersecurity Tuesday

    Trump to Ink Executive Order on Cybersecurity Tuesday

    Government agencies must self-identify which regulations to cut, but the White House will make the final decision on what to nix. Hours later, Trump convened a "listening session" with top White House, Cabinet and cybersecurity experts in the Roosevelt Room.
  • Johnny Depp Allegedly Spends $30KA Month On Wine Alone

    Johnny Depp Allegedly Spends $30KA Month On Wine Alone

    In his lawsuits, the actor's lawyer claims: "As a result of years of gross mismanagement and sometimes outright fraud, Mr. The Management Group are countersuing Depp after the Pirates of the Caribbean actor sued them for $25m (£20m).
    Price Target Analysis: Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

    Price Target Analysis: Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

    The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . The Company operates through three segments: Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale.
    Why Trump's Real Supreme Court Fight Is the Next One

    Why Trump's Real Supreme Court Fight Is the Next One

    Jim Inhofe (R-Okla.). "I just think we need to do everything we can to confirm a new Supreme Court judge, whoever he decides".
  • Local impact of repealing ACA remains to be seen

    Local impact of repealing ACA remains to be seen

    Insurance companies have confirmed that consumers who select a plan and pay their first premium will have coverage for 2017. Kristin Dillard Kim said when she lost her job, she couldn't find health insurance because of her preexisting condition.
    Kim Kardashian Responds To

    Kim Kardashian Responds To "Muslim Ban" & The Facts Are On Her Side

    In a video that features Khloe and Kim working out, Kim reveals that she thinks she looks skinny after all her hard work. When Kim isn't sharing photos from her gym session with Khloe, the reality star has been living it up on vacation.

    Hot Stock for Investors: Astoria Financial Corporation (NYSE:AF)

    ANTIPODES PARTNERS Ltd purchased a new stake in Capital One Financial Corporation during the fourth quarter valued at $23,810,000. The Company's segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling.
  • Host Hotels & Resorts, Inc. (NYSE:HST) Market Cap Of $13.28B

    The recent trading ended with the price almost 1.42 higher for the last 5 trading days, rebounding 50.86% from its 52-week low . American Century Companies Inc. raised its position in shares of Host Hotels & Resorts by 35.8% in the second quarter.
    Aston Villa sign Scott Hogan from Brentford

    Aston Villa sign Scott Hogan from Brentford

    The Villa manager has wanted to reshape his attack and has now brought in a centre-forward with 14 goals in 27 games this season. Sullivan, son of Hammers' chairman David, took to Twitter to post an update for fans.
    Dana White says Ronda Rousey is 'probably done' fighting

    Dana White says Ronda Rousey is 'probably done' fighting

    Unless you spend money like Floyd (Mayweather), you're not gonna need money again when you have the kind of money that Ronda has. Rousey's commitment to the fight game has been questioned by many since becoming a superstar unlike any we'd ever seen.


Big holiday for iPhones and apps helps Apple beat earnings forecast
The firm reports that revenue from the firm's smartphone amounted to $54 billion for the quarter, a 5% increase year-on-year. The tech giant had concerned analysts with a few weak quarters that have raised doubts about the iPhone's staying power.

Senate to face intense pressure after Trump's Supreme Court nomination
Chuck Schumer, D-New York, said in a press conference Sunday. "The president has done his job and sent us a qualified nominee". Barack Obama , tried to block the confirmation of Justice Samuel Alito in 2006 but failed.

BioWare's new IP a multiplayer action adventure
Back in 2014, EA and Bioware began teasing a brand new IP known as "Shadow Realms" , a creepy looking 4V1 multiplayer game. They expressed their excitement about the future of this new franchise and its ability to attract a global audience.

Senate, House Democrats: Some emergency items will be 'waste of time'
He can tell lawmakers what he thinks they should do - and Abbott did that in full force. Rick Perry declared the issue an emergency, to approve a sanctuary city ban.

I am exhausted of BCCI fiasco, says Sourav Ganguly
Three of the panel members also had their first meeting yesterday away from the BCCI's headquarters in South Mumbai . The ICC policy makers think that this is the best time to push the forms as the BCCI is not on a strong wicket.