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

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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 Introducing Disability-Themed Emojis for its Keyboard

The new emojis would be made available this fall with a free software update on Apple devices

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disability-themed emojis
FILE - Emoji characters are shown on the screens of two mobile phones in Paris, Aug. 6, 2015. VOA

In a bid to bring more diversity to its keyboards, Apple is rolling out 59 new emojis to its keyboard for iPhones, iPads, Macs and Apple Watches this fall.

In a major update to the “couples holding hands” emoji, users would now be able to select any combination of skin tone, to personalise the people holding hands, opening up more than 75 possible combinations, the iPhone-maker wrote in a blog-post on Tuesday.

Furthermore, introducing more disability-themed emojis, Apple keyboards would now have a new guide dog, an ear with a hearing aid, wheelchairs, a prosthetic arm and a prosthetic leg as well.

disability-themed emojis
Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, Aug. 1, 2018. VOA

“Celebrating diversity in all its many forms is integral to Apple’s values and these new options help fill a significant gap in the emoji keyboard,” the post said.

ALSO READ: Apple Watch Saves Man from Drowning

Other new emojis making way into Apple keyboard includes a new smiley face for yawning, a one-piece swimsuit, new food items including a waffle, falafel, butter and garlic as well as new animals like the sloth, flamingo, orangutan and skunk. The new emojis would be made available this fall with a free software update on Apple devices. (IANS)