Apple earnings - iPhone shipments fell to 47.5 million, below expectations

Livewire News


"Apple beat the high end of its guidance, once again. In April, it had predicted that June quarter sales would fall between $46 billion and $48 billion; they reached $49.6 billion. Apple's China business is still more than doubling on a year-over-year basis. Revenue in Greater China reached $13.2 billion, up 112% year-over-year. (Versus 33% overall growth and just 15% growth in the Americas.) China revenue represented 27% of Apple's total, down a bit from the prior quarter. Apple's June quarter revenue reached $49.6 billion, just ahead of expectations. That represents 33% year-over-year growth, an acceleration from the March quarter. iPhone shipments fell to 47.5 million, below expectations. iPhone revenue represented 63% of Apple's total, a decrease from prior quarters. "Click here to watch live updates (VIEW LINK)

Livewire News
Livewire News

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Please sign in to comment on this wire.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter