Apple surprises with strong sales

Apple surprises with strong sales

Tech July 26, 2016 21:39

- Apple has improved its profit in its third quarter to $ 1.42 per share, compared with a forecast of $ 1.38. His lap after market share up 5%, also its positive outlook for the remainder of the year.

The technology company from Cupertino posted quarterly revenue of $ 42.4 billion, of which $ 42.09 billion was estimated by market researchers.

Most analysts preceded of a strong decline in earnings, but estimate that eventually would get little effect on the stock price.
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Apple still appears to be primarily a iPhone business. The vast majority of Apple's revenues come from the smartphone series. Nbsp;

The price / earnings development is always in the same line with the announcement of a new iPhone version and that effect has been strengthened in recent quarters.

In September, reportedly the new iPhone 7 on the market. Which zouin functionalities not much different from the iPhone 6.
     Photo: AFP

Meanwhile, Apple would suffer gerkegen of consumers delaying purchases of new equipment and no longer purchase any subsequent updates.

The last two quarters, Apple already saw a decline in sales, measured on an annual basis.

Many analysts remain optimistic for the longer term. Goldman Sachs has $ 124 per share stand as price target.

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