"Given our confidence in Apple's future, we are very happy to announce that our board has approved a new $100bn share repurchase authorisation and a 16% increase in our quarterly dividend".
[Service] revenue topped $9 billion for the first time, up more than $2 billion over last year's March quarter.
Of course, the iPhone ASP for the latest quarter was still higher than the same period previous year, and this could be attributed to the iPhone X. But it also showed that iPhone X may be losing steam after seeing strong sales during the holiday season. It announced $100 billion in stock buybacks.
Sales of iPhones, which account for almost two-thirds of company revenues, rose during the quarter, although total volume came in at 52.2 million units, a bit below consensus estimates of 53 million.
Apple loves to talk about how these services help keep users loyal to the iPhone, since they're deeply integrated with the device.
For the current quarter, which ends in June, Applesaid it expects sales of $51.5 billion to $53.5 billion, with the midpoint higher than the $52 billion expected by analysts, according to a poll by Yahoo Finance. The tech giant's shares surged as much as 5% in after-hours trading on Tuesday. Rosenblatt Securities reissued a "buy" rating and set a $180.00 target price on shares of Apple in a report on Friday, March 16th.
He added that the Board had approved a new $100 billion share repurchase authorization.
Gas Prices On The Rise Across America
At 9.083 million b/d, gasoline demand is now more in line with rates typically seen during the spring driving season. The average price for a gallon of gas is lowest on Tuesday in California, according to analysis done by GasBuddy.
Apple's servicers could be "hard to grow in the face of the competitive monsters who have more history and deeper relationships with services customers", said Erik Gordon, a professor at the University of Michigan Ross School of Business.
Despite that, Apple said it sold 52.2 million iPhones during the quarter, representing an increase of 3% from a similar period in 2017.
A 31 percent rise in services to US$9.2 billion followed big jumps in Apple Pay, Apple Music and other programs. Last week estimates of iPhone shipments were cut by six million by Morgan Stanley following a disappointing outlook that was issued by iPhone processor maker, Taiwan Semiconductor Manufacturing. Apple Watch got a boost from new models with cellular connectivity that launched in recent months.
Apple's2018 iPhone releases will reportedly include USB-C charging cables and plugs as standard, making it easier for iOS fans to replenish their smartphones in double quick time.
"I don't buy the view that the market's saturated".
The three months ending with March were Apple's first full quarter selling its new flagship phone, the iPhone X. Analysts had pointed to signs, including the financial results of Apple's suppliers, that the device and its sister iPhone 8 and 8 Plus had not revitalised Apple's iPhone business as the company had hoped.
Though, perhaps a bit surprisingly, Cook did at least nod at the results that indicate top seller or not -The iPhone X has perhaps not lived up to what was expected of it. In a bid to increase its retail footprint, Apple has tied up with Jio to create a distribution platform for iPhone 8 and iPhone 8 Plus in India.
Lindsey Graham , who has a love-hate relationship with the president , is practically gurgling at the prospect. The Trump administration has led a global effort to impose ever stricter sanctions on North Korea.
The company collaborated with American electronic commerce Amazon to counter the Xiaomi's increasing grasp on the Indian market. Great Technology, Great Design and Great Design could be the three pillars on which the upcoming sub-brand of Oppo operates.
Irving demanded an exit, severely weakening Cleveland , while the Isaiah Thomas trade was a dismal failure. His 41 points, 8 rebounds, 7 assists helped the Houston Rockets dispatch Utah 110-96 in the series opener.
To be an independent contractor, a worker must be free from the company's control and direction in the way they perform a task. This is the first new test for independent contractor status in California in almost 30 years.
More and more Americans are being infected with diseases carried by ticks and mosquitoes, federal researchers reported Tuesday. He added that "a number of new germs spread through these bites have been introduced [in the report]-nine since 2004".
Nigerian billionaire, Alhaji Aliko Dangote has said that Nigeria will soon become the largest exporter of fertiliser in Africa . President Buhari welcomed the several investment proposals being put in place by the Americans and their Nigerian counterparts.
Vegas entered the third period with a 3-1 lead but the Sharks rallied to tie the game 3-3 and force sudden death overtime. While the Sharks only converted two of their man advantages, leading to the winning goal and a huge difference in shots.
He started only five games last season because of a left knee injury, and missed the bowl game to prepare for the draft. Jerry Jones likes to compare him to Rolando McClain, a key man in the middle when the Cowboys won the NFC East in 2014.
Drag Queen Ada Vox voted off American Idol
The San Antonio native, born Adam Sanders , still has big plans for the future. "Your voice just feels so timeless to me". All three departing contestants, including Dennis Lorenzo and Michelle Sussett , were people of color.
Chicago selects Utah's Kylie Fitts in sixth round of NFL Draft
It is highly likely that the Bears were offering their second-round pick, along with one of their two fourth-round selections. The Bears needed help at guard with Josh Sitton gone and with Kyle Long recovering from ankle, shoulder and neck surgeries.
Trump calls leak of Mueller questions 'disgraceful'
Flynn has pleaded guilty to lying about his conversations with Kislyak and has been cooperating with the special counsel. Trump has said in the past that he wanted to talk with Mueller but that he would follow the advice of his attorneys.