2018 iPhones may ship with USB-C…
- Author: Zachary Reyes May 03, 2018,
May 03, 2018, 11:57
Earnings per share grew by 30 per cent and generated over $15 billion in operating cash flow.
"Growth in the near-term will come from higher iPhone X pricing, a lower-cost iPhone SE update, selling more services like Pay to its premium subscribers, and increasing output of its surprisingly popular Watch portfolio", said Neil Mawston, an analyst at Strategy Analytics.
Apple posted a 16% revenue growth year-on-year to $61.1 billion in Q2 2018 in latest financial results - "our best end-to-March quarter ever", according to Apple CEO Tim Cook. According to Mia Huang, a Taipei-based analyst at Trendforce, the production volume of the iPhone X fell significantly in the most recent quarter.
Because of that, some predicted the next iPhone, due out in the fall, could start lower than the eye-popping $999 the iPhone X cost a year ago. "We also grew revenue in all of our geographic segments, with over 20% growth in Greater China and Japan".
Apple previously promised to hire 20,000 more workers during the next five years, including some at a planned new campus in a still-to-be-identified USA city outside California. Shares jumped 4% in early trading.
The chief executive of Apple Tim Cook is anxious about the twisted trade relations between China and United States of America.
Apple said its dividend increase would be reflected in a cash dividend of 73 cents per share payable on May 17. He called the phone a "Super Bowl victor", and said that Apple couldn't be prouder of the device.
Apple has reported resilient iPhone sales in the face of waning global demand and promised US$100 billion (S$133 billion) in additional stock buybacks, reassuring investors that its decade-old smartphone invention had life in it yet.
But the iPhone still is the best and the most popular product of Apple and it contributes almost seventy percent to company's total revenue. That was a surprise to many watching the company ahead of earnings, who expected to see iPhone sales crater amid reports that Apple suppliers such as Samsung had drastically cut their projections for the upcoming quarter.
Concerns are now rising that despite the fact that there was holiday quarter spike in the sales of the iPhone X, the growth fizzled out rapidly. "So we look at China holistically, not only as a market". Apple had a return on equity of 37.37% and a net margin of 21.13%.
Apple chief executive Tim Cook offered a bullish outlook on the company, touting the company's product pipeline as the "best we've ever had" and championing good sales of the iPhone 10, a recently unveiled model whose US$1,000 price tag has aroused worries about being too high. It was just one of those moments when we all had to come to grips with what was going on at Apple and how it was likely to impact their earnings going forward. The hefty price tag was said to be the main deterrent, making customers buy the iPhone 8 or the iPhone 8 Plus as it was cheaper than the iPhone X.