Friday November 15, 2019
Home Business Apple profits...

Apple profits up by 33%; to return more cash to investors

0
//

apple-invite

By NewsGram Staff Writer

Beating analysts’ expectation, Apple has touched remarkable quarterly earnings and revenue.

The firm reported that it sold 61.1 million iPhones in the first three months of 2015. The sale drove company’s profit up by 33% from the previous year.

A profit of whopping $13.6 billion was reported by Apple, while the revenue rose 27% to $58 billion.

In a statement, the technology giant said that iPhone sales in greater China outpaced those in the US for the first time, helped by the Chinese New Year celebration.

Rising demand for the iPhone 6 and 6 Plus foresees an unexpected rise in its annual profit since 2012.

The decision to make a much bigger device with the iPhone 6 – an idea which Steve Jobs had rejected – has paid off in spades, quoted British broadcaster BBC.

However, sales of Apple’s iPad still remain sluggish. With a sale of 12.6 million iPads, Apple saw a sharp fall of 23% from the previous year.

Apple Inc.’s chief executive, Tim Cook, said, “We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever.”

It was also announced by the firm on Monday that it would broaden its capital return program to $200 billion from a previously announced $130 billion. This estimated figure comes from Apple expanding its share repurchase authorization to $140 billion from the $90 billion announced in 2014, and boosting its dividend 11% to 52 cents per share.

Next Story

Apple Releases Second Developer Beta of MacOS Catalina 10.15.2

The second update to macOS Catalina is likely to focus on performance improvements, security updates, and fixes for bugs that weren't able

0
Apple, MacOS, Catalina
MacOS 10.15.2 is the successor to macOS 10.15.1, which included new Siri privacy settings, new emojis and more. Pixabay

Apple has released the second beta of its upcoming macOS Catalina 10.15.2 to developers, one week after launching the first beta and also a fortnight following the macOS Catalina 10.15.1 update.

The new build of the operating system can be downloaded from the Apple Developer Centre by those taking part in the testing program as well as over-the-air for existing beta users.

MacOS 10.15.2 is the successor to macOS 10.15.1, which included new Siri privacy settings, new emojis and more.

The second update to macOS Catalina is likely to focus on performance improvements, security updates, and fixes for bugs that weren’t able to be addressed in the macOS 10.15.1 update.

 

Apple, MacOS, Catalina
The new build of the operating system can be downloaded from the Apple Developer Centre by those taking part in the testing program as well as over-the-air for existing beta users. Pixabay

Catalina macOS 10.15 was released earlier this month with a number of new features including Apple Arcade, Sidecar, security improvements, Catalyst apps, new Reminders, Music, TV and more.

Additionally, the Cupertino-based company recently released iOS and iPadOS 13.2.2 to fix an issue that could cause apps to quit unexpectedly when running in the background.

Also Read- Google Probe to Expand into Search and Android

Beyond fixing the background app issue, the fix also handles issues where iPhone could temporarily lose mobile signal after a call and another “where mobile data may temporarily not be available”, the company said in a release. (IANS)