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Apple significantly increased its revenue in the II financial quarter

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Apple significantly increased its revenue in the II financial quarter
May 02
09:00 2018

In the second quarter of the 2017 – 2018 financial year, the net profit of the American corporation from Silicon Valley  has increased by 25% to 13.8 billion US dollars. This information became known from the official statement of the company.

The quarterly revenue of the technological giant has increased by 16% to 61.1 billion US dollars. Thus, in the first half of the current financial year, this indicator became 13% higher than the same indicators for the previous year. Revenue for two quarters of the year 2017-2018 has amounted to $ 149.4 billion.

At the last meeting of the Board of Directors, it was decided to increase quarterly dividends and launch a new share buyback program worth $ 100 billion.

According to Apple Inc., more than 52 million smartphones, nearly 9 million tablets and about 4.2 million computers have been sold in three months of 2018. Unfortunately, the quarterly sales of the iPhone have not met the expectations of analysts. It was assumed that the sale of iPhones would reach the level of 53 million units totaling 39.1 billion US dollars. In fact, the sales proceeds have amounted approximately 38 billion US dollars.

Apple Inc. profit from various services, including the online App Store, has risen to $ 9.1 billion, surpassing the analysts’ forecasts of the financial market by $ 700 million.

According to Apple’s CEO Tim Cook, in the last financial quarter the company increased revenue in all regions.

For comparison:

– income in Japan increased by 22%

– in the People’s Republic of China Apple’s revenue soared by 21%

– earnings in the North and South America moved up by 17%

– revenue in Europe increased by 9%

The Money-Investing team reports an increase in the value of the company’s shares approximately by 4% after the reporting publication. We recall that over the previous year the market value of the company’s securities has increased by 15%.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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