Apple has reported a jump in sales in the three months to September, driven by sales of its iPhone.<\/p>\n
The tech giant’s revenue was $51.5bn (\u00a333.6bn), up 22% compared with the same period last year.<\/p>\n
It sold more than 48 million iPhones in the period, which it said were “record fourth quarter sales”, although the figure did miss analysts’ expectations.<\/p>\n
It also reported a net income of $11.1bn for the period, adding that 2015 was its most successful ever year.<\/p>\n
“The growth was fuelled by record fourth quarter sales of iPhone, the expanded availability of Apple Watch, and all-time records for Mac sales and revenue from services,” the company said.<\/p>\n
In China, the biggest market for smartphones, Apple’s sales nearly doubled from a year ago to $12.52bn. Apple now has 25 stores in China and is opening a new one every month in a market that supplies about a quarter of sales.<\/p>\n
That sales figure is a dip from the prior three-month period, however, when Apple recorded revenues of $13.2bn in China.<\/p>\n
For the current quarter, Apple estimates global sales of between $75.5bn and $77.5bn.<\/p>\n
Morningstar analyst Brian Colello said the forecast was slightly below market expectations, but investors were expecting a worse outcome, which was why the stock initially rose 3% in after hours trading.<\/p>\n
\n
Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"
Apple has reported a jump in sales in the three months to September, driven by sales of its iPhone. The tech giant’s revenue was $51.5bn (\u00a333.6bn), up 22% compared with the same period last year. It sold more than 48 million iPhones in the period, which it said were “record fourth quarter sales”, although the […]<\/p>\n","protected":false},"author":28,"featured_media":141468,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[18,38],"class_list":["post-162909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-dr-akwasi-osei","tag-palaver-newspaper"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/162909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=162909"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/162909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/141468"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=162909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=162909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=162909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}