Sunday, April 22, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung QLED TVs Receive '100 Percent Color Volume' Certification
GSMA Delays eSIM Technology as U.S. DoJ of U.S. Probes Coordination With AT&T and Verizon
Apple to Replace Some MacBook Pro Laptop Batteries
ZTE's Nubia Red Gaming Phone Released
LG Display's OLED Smartphone Screens Still Not Ready For Apple
Nintendo Labo Kits Now Available
June's VLSI Symposium Focuses on Next Generation Transistor Technology and MRAM
Samsung Not Interested in Nokia's Health Unit
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > iPhone ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, May 02, 2017
iPhone Sales Dip In Second Quarter


Apple reported a fall in iPhone sales for its second quarter on Tuesday, indicating that the company should move to a more advanced device soon, and that one could be the 10th-anniversary edition of the company's most important product later this year.

Apple sold 50.76 million iPhones in its fiscal second quarter ended April 1, down from 51.19 million a year earlier.

Apple Chief Financial Officer Luca Maestri argued the decline was not as bad as it looked, given the peculiarities of how phone sales are calculated.

The company reports what are called "sell-in" figures for the iPhone, a measure of how many units it sells to retailers, rather than "sell-through" figures, which measure how many phones are actually sold to consumers.

Maestri said the company reduced the volume of inventory going through its retail channel by about 1.2 million units in the quarter, meaning the company sold about 52 million phones to customers on a sell-through basis.

Despite the dip in unit sales, iPhone revenues rose 1.2 percent in the quarter, helped by a higher average selling price.

Apple also boosted its capital return program by $50 billion, increased its share repurchase authorization by $35 billion and raised its quarterly dividend by 10.5 percent.

"We are proud to report a strong March quarter, with revenue growth accelerating from the December quarter and continued robust demand for iPhone 7 Plus," said Tim Cook, Apple's CEO. "We've seen great customer response to both models of the new iPhone 7 (PRODUCT)RED Special Edition and we're thrilled with the strong momentum of our Services business, with our highest revenue ever for a 13-week quarter. Looking ahead, we are excited to welcome attendees from around the world to our annual Worldwide Developers Conference next month in San Jose."

Expectations are building ahead of Apple's 10th-anniversary iPhone range this fall. The new device range might sport features such as wireless charging, 3-D facial recognition and a curved display.

The company forecast total revenue of between $43.5 billion and $45.5 billion for the current quarter.
For the second quarter, the company's net income rose to $11.03 billion, compared with $10.52 billion a year earlier.

Revenue rose 4.6 percent to $52.90 billion in the quarter.

A 17.5 percent jump in the company's services business - which includes the App Store, Apple Music, Apple Pay and iCloud - to $7.04 billion, boosted revenue.

Apple's revenue from the Greater China region fell 14.1 percent to $10.73 billion in the quarter, as cheaper rivals in the region chipped away at sales.



Previous
Next
Facebook Adds More Game To Messenger        All News        T-Mobile to Roll Out 5G in U.S. in Two Years
Qualcomm Wants to Ban iPhones     Mobiles News      T-Mobile to Roll Out 5G in U.S. in Two Years

Get RSS feed Easy Print E-Mail this Message

Related News
Apple to Replace Some MacBook Pro Laptop Batteries
LG Display's OLED Smartphone Screens Still Not Ready For Apple
Apple Said to Release News Subscription Service
Apple Caught Employees and Contractors Leaking Company's Unannounced Projects
Apple introduces iPhone 8 and iPhone 8 Plus (PRODUCT)RED Special Edition
Future iPhones Said to Have Touchless Controls and Curved Screens
Intel Under Pressure as Report Says Apple is Designing its Own Chips for Macs
Apple iOS 11.3 Update Brings Privacy Tools Ahead of GDPR
Low-Cost iPad For Classrooms Coming Next Week
New Apple Watch Bands Feature Spring Colors and Styles
Apple Is Developing Its Own Micro-LED Screens
Apple's Worldwide Developers Conference Kicks off June 4

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .