iTrillion: Apple Is This Close To $1,000,000,000,000 | Viral Tech
We all know very well that the third quarter of the year is not, as a rule, strong in financial results. This is true among most of the technology companies, with many well-identified factors. The tech giant Apple seems to have been able to counteract this current situation and soon become the first US company worth $1 trillion.
iTrillion : Apple Is This Close To $1,000,000,000,000
The third quarter of the year is not, as a rule, strong in financial results. This is true among most of the technology companies, with many well-identified factors. The tech giant Apple seems to have been able to counteract this current situation and presented a few hours ago its financial results, beating expectations and all its previous results.
The markets also reacted immediately and put the tech giant Apple close to one of its goals. The company is now very close to worth $1 trillion. It was just a few hours ago that Tim Cook, the tech giant Apple’s CEO, presented the latest financial results. The figures could not have been better, with the tech giant Apple presenting revenue of $53.3 billion.
The reasons given by Tim Cook for these historical numbers are in the provision that the company had out of doors, with 60% of revenues coming from sales outside the United States.
The big names are also identified, with the iPhone and services also representing a major chunk of the results that the tech giant Apple has just introduced.
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iPhone sales increased
It is expected that in this quarter iPhone sales will rise again, but the truth is that, compared to the same period last year, they do not fire. In this quarter 41.3 million iPhones were sold and in the same quarter of 2017, the value was 41.03 million.
What stands out is the average selling price of the iPhone, which now rose to $724, thanks to the iPhone X. This figure is not different than the previous quarter presented in this category.
iPad sales increased
The tech giant Apple tablet prices are now also higher compared to the previous quarter. However, if the comparison is made with the same quarter of 2017, the number of sales is practically the same and did not grow.
MacBook Results Continue to Fall
The tech giant Apple’s laptops are currently their lowest-performing product category. In this quarter, sales stood at 3.72 million units, down 13% from last year to a low of many years ago.
Services are the big winner of Apple
This category of the tech giant Apple, which ranges from sales of the App Store to Apple Care, grew 30% year-on-year to $9.55 billion.
Tim Cook highlighted in this area the growth of subscriptions to the Apple services and the apps themselves. Moreover, the tech giant Apple’s Music and Cloud services showed growth values above 50%.
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Other Products Return to Growth
The Other Products category was also a strong driver of the tech giant Apple’s bottom line. As it grew 37% compared to 2017 and settled on Apple Watch. Without referring to certain values, Tim Cook said that the tech giant Apple’s watch grew by 45% at home.
With these high results, it was normal the market reaction, which put Apple close to one of its goals. With the stock appreciation, the tech giant Apple was even close to becoming the first company worth $1 trillion.
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