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Apple Announces 20% Increase in Quarterly Sales Revenue

Apple is projecting total revenue for the 2019 first quarter in the range between $89 billion and $93 billion

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Apple accused of making false claims about iPhone X series. Pixabay

Apple on Thursday announced a 20 per cent increase in quarterly sales revenue, which hit $62.9 billion, media reported.

The financial results for Apple’s fiscal 2018 fourth quarter that ended September 29 showed its quarterly earnings per diluted share were $2.91, up 41 per cent from the previous corresponding period, and its international sales contributed 61 per cent to the fourth quarter revenue.

Apple said it generated $19.5 billion in operating cash flow and returned over 23 billion to shareholders in dividends and share repurchases in the quarter, bringing total capital returned in fiscal 2018 to almost $90 billion, reports Xinhua.

“We’re thrilled to report another record-breaking quarter that caps a tremendous fiscal 2018, the year in which we shipped our 2 billionth iOS device, celebrated the 10th anniversary of the App Store and achieved the strongest revenue and earnings in Apple’s history,” said Apple CEO Tim Cook.

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An Apple store in Woodbridge, Virginia. (VOA)

He said the Cupertino, California-based company had delivered new versions of iPhone, Apple Watch, iPad and Mac over the past two months, which offers the “strongest” lineup of products and services for the upcoming holiday season covering a period from Christmas to New Year’s Day celebrations.

Apple is projecting total revenue for the 2019 first quarter in the range between $89 billion and $93 billion. Its operating expenses are expected to be between $8.7 billion and 8.8 billion, with other income of $300 million.

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However, Apple’s shares tumbled more than 7 per cent on Thursday, briefly falling below its $1 trillion market cap, a historic record it made in August to become the first US public company that crossed the $1 trillion threshold. (IANS)

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Apple Launches Fitness Apps on Apple Watch Series 4 For Marathon Season

The marathon season begins with the "Mumbai Marathon" that is scheduled for January 20

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Apple Watch
Apple watch series 4.

Aiming to serve fitness enthusiasts better as “Mumbai Marathon 2019” inches closer, Apple has recommended some advanced activity, communications and health-tracking apps in its “Watch Series 4” to train people keeping a record of their resting, workout, recovery, walking and breathing sessions.

Activity competitions would allow users to challenge other ‘Apple Watch’ wearers, track active calories burned and exercise minutes earned.

Apple has recommended several apps on iPhone and Watch Series 4 apps to monitor people’s indoor and outdoor activities, along with pace alerts and automatic workout detection features.

Some of the apps include — “Strava – Run, Ride, Swim” app, “Streaks Workout” app, “Seven – 7 Minute Workout” app and “8fit Workouts and Meal Planner” app — among the others.

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Try these fitness apps on Apple Watch Series 4 for marathon season. Flickr Commons

While the “Strava” app allows users to track and analyse key statistics like distance, pace, speed and elevation, the “Streaks Workout” app helps users customise their exercises.

“Seven – 7 Minute Workout” and “8fit Workouts and Meal Planner” apps provide workout and meal plans recommended by nutrition experts.

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Other apps like “WaterMinder”, “Asana Rebel”, “Runkeeper” and “Breathe” to maintain users’ water intake and track their yoga, running and breathing activities.

The marathon season begins with the “Mumbai Marathon” that is scheduled for January 20.  (IANS)