Apple has sold more than $ 4.66 billion worth of iPhone in the July-September quarter this year. The figure is three percent more than the year before. As a result, the company's earnings from this sector is 28.8 billion dollars, more than half of the company's total income. Mac, iPhone, Apple Watch, and other products have been well sold, according to the BBC report.
Apple's revenue increased in services sector Apple's earnings in this quarter was $ 850 billion from the segment of the app store, Apple Pay and music streaming services. 34 percent more than the same quarter last year.
Even though costs increased in the last quarter, Apple said they had a net profit of $ 1070 million, which is 18 percent more than the previous year. The company's total income grew 12 percent to $ 560 million.
Meanwhile, after the good results of the financial margins and the arrival of the iPhone X, Apple's share price has increased to a new record.
Cook hopes that this progress will continue in the holiday season.
Analysts say that Apple is very close to becoming the world's first trillion dollar institution. The share price increased five percent, the current market value of the company is 90 billion dollars.
Although the results of the financial report are good, Apple's chief Tim Cook has expressed concerns about the company's latest flagship device iPhone X. It is not ready for the upcoming holiday season.
But Apple is going to fix two problems for a long time now, Reuters reported in the Reuters report. One is to maintain a great reliance on the latest flagship iPhone for profit, and the other is the lack of a proposal to bring budget conscious consumers to Apple's ecosystem.
Apple's approach to Steve Jobs's era is that the new improved product is the fact that the sale of previous products is gradually stopped. By changing this style, we are going to solve these two problems.
Now the main attraction of the media is the iPhone X. Apart from the $ 999 price tag, there are four different iPhones in the market. In which the iPhone SEO is now almost full of attention. This $ 349 iPhone has played an important role in doubling Apple's revenue in India's market.
Cook told investors, most of the company's sales of iPhone SEO have been sold in India and they are manufactured in India.
Reuters reports that the former Apple chief executive late Steve Jobs did not keep any products like iPhone SEO in the market now, he said.
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