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Apple Reports Strong Third-Quarter Results

Apple Reports Strong Third-Quarter Results
Published on July 31, 2018 at 09:03PM
Apple reported strong third-quarter results Tuesday, posting big beats on earnings per share and average iPhone selling price. CNBC highlights how Apple did compared with Wall Street projections: EPS: $2.34 vs. $2.18, according to Thomson Reuters consensus estimates Revenue: $53.3 billion vs. $52.34 billion, according to Thomson Reuters consensus estimates iPhone sales: 41.3 million vs. 41.79 million, according to StreetAccount Apple reportedly sold 41.3 million iPhones in the last quarter and 11.55 million iPads, both beating estimates. The average selling price of iPhones last quarter was $724, versus the expected $693.59. Apple also sold 3.7 million Mac computers. Apple's services revenue accounted for just 15 percent of Apple's total revenue for the second quarter, but CNBC notes that it's "been outpacing iPhone revenue growth for several quarters." The company hopes to double services revenue to more than $14 billion a quarter by 2020. Looking forward, all eyes will be on the next iPhone. Apple is expected to launch new iPhone models at the end of the quarter, in mid-September.

Read more of this story at Slashdot.





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Apple Reports Strong Third-Quarter Results Apple Reports Strong Third-Quarter Results Reviewed by Kartik on July 31, 2018 Rating: 5

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