TechBooky

The race to become the first-ever trillion-dollar company just intensified as The Cupertino giant Apple posted its Q3 earning report —which shows a strong earning numbers and again managed to beat market estimates—with a revenue of $53.3 billion, surpassing its investor’s projection by $1 billion. The report is the strongest third quarter for the company ever, despite the slow iPhone sales as consumers prepare for new smartphone announcements in the fall. The Cupertino, California-based company forecast fiscal fourth-quarter revenue of between $60 billion and $62 billion, which is again ahead of expectations from Wall Street — which come in at $59.47 billion. Meeting that estimate would put represent a hefty 15 percent increase over the same quarter last year. Apple Inc. sold 41.3 million iPhones in its fiscal third quarter, just shy of analysts’ estimates for 41.6 million. On a year-over-year basis, that represents unit growth of 0.7 percent. The average s...

Apple services category which like iTunes, App Store, Apple Music and iCloud among other services has continued to grow at a healthy rate. This category is now growing to becoming an important contributor to the overall Apple revenue outlook. Apple services raked in $9.55b up 31 percent from the same third quarter in 2017 when it came in at $7.27b. As per Apple CEO Tim Cook, Apple feel good about the future of its services division, and the organisation saw activities pick up in double digits especially in the area of installations. Apple Music grew in excess of 50 percent year-over-year with 50 million subscribers from May (against Spotify"s 85m subscribers) and AppleCare expanded at its most astounding rate in 18 quarters. Apple"s cloud administrations income was up 50 percent year over year, and correspondences services, including FaceTime and Messages, are hitting record-breaking use highs. Siri usage for have surpassed 100 billion, and articles read on Apple News have mu...