Thursday November 21, 2019
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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)

Next Story

Apple Unveils Third Generation Smart Battery Cases for iPhone 11 Series

The case features a dedicated camera button that launches the Camera app whether the iPhone is locked or unlocked

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The new Apple Smart Battery Cases are available in white, black and pink sand for the iPhone 11 Pro and the iPhone 11 Pro Max and just white and black for the iPhone 11. All versions are priced at $129 in US. Pixabay

Apple has launched its third generation of smart battery cases for the iPhone 11, 11 Pro, and 11 Pro Max.

The new Smart Battery Cases are available in white, black and pink sand for the iPhone 11 Pro and the iPhone 11 Pro Max and just white and black for the iPhone 11. All versions are priced at $129 in US.

“Engineered for iPhone 11, the smart battery case gives you even longer battery life while offering great protection. Inside, a soft microfiber lining helps protect your iPhone. And on the outside, the silky, soft-touch finish of the silicone exterior feels great in your hand. A soft elastomer hinge design makes it easy to put the case on and take it off, the company said in a statement on Wednesday.

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Apple has launched its third generation of smart battery cases for the iPhone 11, 11 Pro, and 11 Pro Max. Pixabay

The case features a dedicated camera button that launches the Camera app whether the iPhone is locked or unlocked.

A quick press of the button takes a photo and a longer press captures QuickTake video. It works for selfies, too.

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Additionally, the case can be charged even faster with USB-PD-compatible chargers. It also supports Lightning accessories, such as the EarPods with lightning connector or the lightning digital AV adapter. (IANS)