{"id":162909,"date":"2015-10-28T07:13:05","date_gmt":"2015-10-28T07:13:05","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=162909"},"modified":"2015-10-28T07:13:05","modified_gmt":"2015-10-28T07:13:05","slug":"iphone-sales-send-apple-profits-up","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/10\/iphone-sales-send-apple-profits-up\/","title":{"rendered":"iPhone sales send Apple profits up"},"content":{"rendered":"
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
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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":[],"categories":[],"tags":[18,38],"yoast_head":"\n