Apple Can Do No Wrong As iPhone Sales Rise

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Apple had been seen as being under particular pressure from cheaper rivals as the iPhone 8 range and the 10th-anniversary edition iPhone X received lukewarm reviews.

Overall results are looking good for Apple, where none of the products showed a decline in revenue.

Apple said Tuesday that it sold 52.2 million iPhones during the first three months of the year, up just 3% from the same period a year earlier. Specifically, Cook said wearable revenue was up almost 50% over a year ago.

Revenue grew in all geographic locations where Apple (NASDAQ:AAPL) is available, but worldwide sales made up 65% of the revenue for this quarter. That's up from $52.9 billion a year ago, though down from $88.3 billion on the last quarter. Reacting to robust Q4 numbers, Apple share price rallied 4 per cent after the closing bell and ended the regular session up 2.3 per cent. Macs did not have a great second quarter with Apple shipping over 4.07 million units, which was a negative 3 per cent growth on an yearly basis.

The services division continues to be one of its most lucrative, with a 31 per cent revenue growth year on year. Apple has continued to add new health tracking features to the Apple Watch and ships its iPhones with an app to manage health data and records.

Apple beat its Q2, 2017 performance when it has shipped 50.7 million iPhones.

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But Mr Hunt said those estimates came with caveats as it was based on on "statistical modelling rather than patient reviews". Belinda Radley, 57, said that her mother, Trixie Gough, never received a letter and died three days after Christmas 2015.

With Apple's earnings report for the March quarter now behind us, I think it's fair to say that iPhone X sales are healthier than perhaps many were anticipating.

"The iPhone X is a beloved product". The average selling price was $728, versus analysts' expectations of $740. He called attention to an increase in inventory sitting around in Apple warehouses, suggesting low turnover - the high iPhone revenues depending merely on the high cost of the iPhone X.

During the earnings call, Apple CEO Tim Cook said that consumers chose iPhone X more than any other iPhone model each week during the quarter ending March.

Wall Street was also cheered by the announcement of $100bn in share buybacks, doubling the reward for investors compared to the same period a year ago.

Munster rated the quarter as an "A-", and said it wasn't a "blow-out quarter", but there's still room for positive growth. Cook particularly addressed how the company is doing in India, the world's fastest growing smartphone market. Paid subscriptions surpassed 270 million, across services, which is an increase from the 100 million in 2017. That was the fastest growth in more than two years.

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