Apple earnings surge as it beats Wall Street forecasts
- by Gary Shelton
- in Sci-tech
- — Nov 3, 2017
But even the keenest iPhone X buyers might not be able to get their hands on Apple's most expensive smartphone for months to come, as Telstra revealed orders for this year's iPhones broke previous records, new Vodafone orders were delayed until after Christmas, and analysts predicted stock shortages could continue until May next year. However, a lot of people queuing up outside Apple stocks leaked over the preceding various years with various customers preferring to buy online, the limited production for the iPhone 8 has noticeably been due to secondary reports.
Apple shook off some fears about waning iPhone sales, soaring past estimates for its fourth-quarter earnings and posting sales increases in every product category.
Apple's revenue guidance for Q4 2017 fell between $49 billion and $52 billion, with gross margin estimated to be between 37.5% and 38%. Analysts surveyed by Zacks had expected revenue of $83.31 billion.
"We couldn't be more excited as we begin to deliver our vision for the future with this stunning device", said Apple CEO Tim Cook about the iPhone X.
Wall Street was looking for earnings of $1.87 a share on revenue of $46.9 billion. Sequentially iPhone unit sales are up 14%, as is to be expected.
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Services includes revenue from Digital Content, Digital Services, AppleCare, Apple Pay, licensing, and "other services".
With the exception of pre-orders, most major telcos will not be selling the iPhone X in outer suburban or regional outlets.
The current camera specs help the iPhone X to strike a phenomenal balance between picture quality and form factor design, says Kuo. Proceeds that some other products - including the Apple Watch, Apple TV and Beats products, also rose 36% to $3.2 billion. That said, Apple during the recent September quarter managed to sell 46.6 million iPhones.
Still, with a little reading between the lines, Apple's fiscal fourth-quarter performance may hint at whether consumers are waiting on the new phone to splurge during the all-important holiday season. Let me know if that makes sense to you and cash me outside how bout dat.
