Wednesday, July 22, 2015

Apple Flags Forthcoming Slowdown



Apple forecast that its revenue in the current quarter (ending September 27th) will be between 49 billion and 51 billion US dollars, up from 42.1 billion dollars a year ago. That would represent an increase of between 16% and 21%. In the quarter ending June 27th, sales were up 33% year-on-year to 49.6 billion dollars, fuelled by a 59% rise in iPhone revenues. However, iPad revenues were down 23% year-on-year.

“We had an amazing quarter, with iPhone revenue up 59 percent over last year, strong sales of Mac, all-time record revenue from services, driven by the App Store, and a great start for Apple Watch,” said Tim Cook, Apple’s CEO. “The excitement for Apple Music has been incredible, and we’re looking forward to releasing iOS 9, OS X El Capitan and watchOS 2 to customers in the fall.” source: Apple statement

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