The winning Apple in the high-end

Eleven years after its launch, the iPhone could soon allow Apple to take a new direction. Buoyed by the performance of its smartphone, the group at the apple has published, Tuesday, July 31, quarterly results higher-than-expected markets. In exchange after Exchange, its market capitalization approximates the 1 000 billion ($854 billion), a symbolic milestone that no publicly traded company has never exceeded.

Between April and June, the period which is the third quarter of its non-calendar fiscal year, Apple has achieved a record turnover of 53.3 billion, up 17 % year on year. Revenue growth accelerated for the seventh straight quarter, reaching its highest rate for nearly three years. The profits show an increase of 32 %, to $ 11.5 billion.

Also read :

Apple treats its shareholders

Even more reassuring for Wall Street, the forecast is optimistic for the current quarter, a period crucial for Apple, which has a habit of marketing its new iPhone models late in the month of September. The californian company bet on an increase of its turnover of between 14 % and 18 %, which is higher than analysts ‘ expectations.

Like this post? Please share to your friends:
Leave a Reply