Profit Apple above expectations

Profit Apple above expectations

Tech August 1, 2017 21:42

- Technology Company Apple has presented better figures over its third quarter than was estimated. Especially the profit struck out.

That was reported by the group on Tuesday evening. The course shot immediately by almost 5%.

Earnings per share were $ 1.67. The $ 777 billion market value of the group was $ 1.57 per share.

According to a Reuters consensus, quarterly revenue was expected to reach $ 44.89 billion. That was $ 45.4 billion. Apple also provides higher sales in the fourth quarter, with the holidays.

Topman Tim Cook reported that sales will be between $ 49 and $ 52 billion. According to the ceo, China's growth was slightly higher, while iPhone sales remained flat but within the expectations of analysts.

Crucial for analysts was the sales of iPhones, over the previous three months, 41.0 million. Which had come out in total for all series at 41.1 million units to satisfy the market.

Last week, rumors about delays in the production and delivery of Apple's major money maker came.

Investors awaited news about the arrival of the iPhone 8, and especially specifications with a prospect of iPhone 9. Apple's large cash stock increased by 13% on an annualized basis, despite a series of major investments in, among other things, artificial intelligence.

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