Wednesday, January 27, 2016
Apple Forecasts Double Digit Decline
Apple forecast that its revenue in the quarter ending March 28 will be between 50 billion and 53 billion US dollars, compared with 58 billion dollars in the same quarter of 2015. Revenue of 51.5 billion would represent a year-on-year decline of about 11%.
For the quarter ending December 26, 2015, Apple reported a 8% year-on-year increase in revenues at constant currencies to 75.9 billion dollars, boosted by 18% growth in Europe and 17% growth in Greater China. Apple also said that one billion iPhone, iPad, Mac, iPod touch, Apple TV, and Apple Watch devices have been engaged with its services within the past 90 days.
Tim Cook, Apple’s CEO, noted: “The growth of our Services business accelerated during the quarter to produce record results, and our installed base recently crossed a major milestone of one billion active devices.” source: Apple statement
Labels: More mobile equipment
WHERE WE'RE HEADED: TELECOMS TRENDS AROUND THE WORLD: SUBSCRIBE HERE