Apple Inc. has published a financial
report for the III quarter. Apple's quarterly revenue was $ 49 billion. Net income exceeded $ 10.7 billion. Compared to the same period last year, revenues increased by 33%, while profits increased by more than 38%. However, compared with the previous quarter, the company's revenues fell by 14%.
The company's cash reserves reached $ 202.9 billion. In this regard, Wall Street experts fear that Apple will not benefit from such rapid growth,
reports The Wall Street Journal.
IPhone sales provided the company more than $ 31 billion, which is 59% more than last year. The company sells the most smartphones in China. The latest models of iPhone 6 and iPhone 6 Plus are the most popular there. China was in second place in the world in terms of the market for Apple. Now he is second only to North America. Previously, Europe was second. However, the devices were sold less than expected.
')
IPad performance continues to decline. Its sales fell by 23%. Tablet sales went down from $ 5.4 billion to $ 4.5 billion compared to the previous quarter. Sales of personal computers by Apple are growing. For the quarter, they brought the corporation more than $ 6 billion. This is 9% more than in the same period of 2014.
Sales in the “other products” category increased by 49%. It includes Apple TV, iPod, Beats Electronics and Apple Watch. Which of these products makes a greater contribution is not indicated in the report. Apple CEO Tim Cook believes that the start of Apple Watch sales was excellent. Currently, the watch is available in 680 stores of the company, which is 1% of all points where the iPhone is sold.
Apple's forecasts for the fourth quarter of fiscal year 2015:
• Revenue from $ 49 billion to $ 51 billion
• Gross quarterly profit from 38.5 percent to 39.5%
• Operating expenses of between $ 5.85 billion and $ 5.95 billion
• Tax deductions in the amount of 26.3%
After reviewing the report, Apple investors began to sell the company's shares. The value of the corporation's shares on the NASDAQ fell by 7%, while capitalization decreased by $ 60 billion.