Apple Resumes Growth With iPhone 7

Apple resumes growth with iPhone 7

Apple announced on Tuesday the first increase in iPhone sales for a year thanks to the success of the seventh version of its flagship product, a result acclaimed by a rise of more than 3% of its action in out-of-session transactions.

ifhone 7

Apple announced on Tuesday (January 31st) the first increase in sales of iPhone for a year thanks to the success of the seventh version of its featured product, a result acclaimed by an increase of more than 3% of its action in out-of-session transactions.

The US group sold 78.29 million copies of the iPhone during the October-December quarter, the first of its fiscal year 2017, against 74.78 million over the corresponding period a year earlier. Financial analysts predicted average

include sales of the iPhone 7 throughout the quarter, intervene as the global market for smartphones shows signs of slowing demand and that competition from devices running on the Android operating system stay strong.

The group remains very dependent on its flagship product, which this year celebrates its ten years of existence and on which depend more than two thirds of its total turnover.

Analysts and investors expect Apple to introduce in the coming months a new version of the iPhone that could integrate technological innovations such as wireless charging or an OLED display.

The chief executive of the group, Tim Cook, said on Tuesday that the demand was particularly strong for the iPhone 7 Plus, with a screen larger than the base version.

On October-December, the Group’s service activities, including the AppStore, Apple Pay and iCloud, grew 18.4% to $ 7.17 billion, Commercial success of Pokemon Go and Super Mario Run games.

Analysts hope that the growth of this division will help offset the inevitable decline in smartphone sales as the global market matures.

Strong growth in services

In a teleconference, Tim Cook said he expected a doubling of service revenues over the next four years.

“Services are obviously a success, and it’s one of the fastest growing segments, thanks in large part to the AppStore,” said Jan Dawson, an analyst at Jackdaw Research.

Weak point of the results, the turnover in the zone “Greater China” fell by 11.6% over one year, to 16.23 billion dollars. Financial director Luca Maestri nevertheless declared “encouraged”, highlighting the stability of sales in Mainland China and their increase at constant exchange rates.

For the second quarter of the year, Apple expects sales of between $ 51.5 billion and $ 53.5 billion, lower than the consensus, which gives it to 53.79 billion.

Luca Maestri, said that the strength of the dollar had weighed on the forecast of turnover.

IPhone sales are expected to reach 53.43 million units in the second quarter according to FactSet.

The first quarter resulted in a year-on-year net profit of $ 17.89 billion ($ 16.56 billion), or $ 3.36 per share, compared to $ 18.36 billion ($ 3.28 / Action) a year earlier. Analysts had expected earnings per share of $ 3.21, according to the Thomson Reuters I / B / E / S consensus.

Revenues rose 3.3% to 78.35 billion compared to 77.25 billion expected by the market.

On the stock market, at the close of Tuesday, the Apple stock has posted a gain of 14.7% since mid-November, nearly three times that of the Dow Jones index (+ 5.3%).

 

Leave a Reply

Your email address will not be published. Required fields are marked *