Tuesday March 19, 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)

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Apple Watch Can Detect And Notify Users Irregular Heart Rhythms

The results of the Apple Heart Study highlight the role that innovative digital technology can play in creating more predictive and preventive health care," said Lloyd Minor of the Stanford School of Medicine. 

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The study is expected to play a crucial role in the future stability research of PSCs. Pixabay

Apple Watch can detect and notify users when they experience irregular heart rhythms, finds a study demonstrating the ability of wearable technology to detect atrial fibrillation.

In 2017, Apple had partnered with researchers from the Stanford University and launched an app called “Apple Heart Study” to determine whether a mobile app that uses data from a heart rate pulse sensor on the Apple Watch can identify atrial fibrillation.

Atrial fibrillation, a deadly and often undiagnosed condition, can lead to strokes. The condition often remains hidden because many people do not experience symptoms.

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Comparisons between irregular pulse-detection on Apple Watch and simultaneous electrocardiography patch recordings showed the pulse detection algorithm has 71 per cent positive predictive value. Pixabay

The findings showed only 0.5 per cent participants received irregular pulse notifications, an important finding given the concerns about potential over-notification.

Eighty-four per cent of the time participants who received irregular pulse notifications were found to be in atrial fibrillation at the time of the notification and 34 per cent who followed up by using an ECG patch over a week later were found to have atrial fibrillation.

“The results of the Apple Heart Study highlight the role that innovative digital technology can play in creating more predictive and preventive health care,” said Lloyd Minor of the Stanford School of Medicine.

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“The performance and accuracy we observed in this study provides important information as we seek to understand the potential impact of wearable technology on the health system,” noted Marco Perez, Associate Professor of cardiovascular medicine at Stanford. Pixabay

“Atrial fibrillation is just the beginning, as this study opens the door to further research into wearable technologies and how they might be used to prevent disease before it strikes — a key goal of precision health,” Minor said.

Also Read: Study Reveals Solar Cells Can Retain Most Of Their Power Conversion Efficiency in Near Space

Comparisons between irregular pulse-detection on Apple Watch and simultaneous electrocardiography patch recordings showed the pulse detection algorithm has 71 per cent positive predictive value.

“The performance and accuracy we observed in this study provides important information as we seek to understand the potential impact of wearable technology on the health system,” noted Marco Perez, Associate Professor of cardiovascular medicine at Stanford. (IANS)