• $ 1.7
  • € 1.7533
  • ₽ 1.7526
  • ₺ 0.0472
  • £ 2.1077

Apple earnings boosted by strong iPhone sales

Apple earnings boosted by strong iPhone sales
29.05.2020 10:04
Apple has reported quarterly profits of $7.75bn (£4.5bn) - up 12% on the same period last year.

The company sold 35.2 million iPhones from March to June, an increase of 13% from the same time in 2013.The company is seeing strong growth in BRICS countries - Brazil, Russia, India, South Africa, and especially China where iPhone sales rose by 48%.However, sales of its iPad tablet computer fell for the second quarter in a row, down 9% to 13.3 million.In a statement, Apple chief executive Tim Cook said he was "incredibly excited" about new operating systems for iPhones and computers as well as "new products and services that we can't wait to introduce".New phoneThere is much interest in the tech world about Apple's next iPhone model.For the last two years the company has launched a new phone in September and this year analysts are expecting phones with bigger screens.The iPhone is crucial to Apple's success as it generates more than half of the company's revenue.There was some surprise among analysts that sales remained strong in the most recent quarter, as often buyers hold back if they suspect a new model will be released in the near future.(BBC)Bakudaily.az

Similar news
Similar news
China sent 280 container trains to Europe via Middle Corridor since early 2024
Business 16:09
China sent 280 container trains to Europe via Middle Corridor since early 2024
Azerbaijan and Ukraine explore avenues for deepening economic ties
Business 17:30
Azerbaijan and Ukraine explore avenues for deepening economic ties
Azerbaijan imports $900M worth of goods from Türkiye in 5 months
Business 13:30
Azerbaijan imports $900M worth of goods from Türkiye in 5 months
35 projects implemented in liberated territories of Azerbaijan in 2023
Business 16:00
35 projects implemented in liberated territories of Azerbaijan in 2023
Israeli companies invited to investment projects in Karabakh’s industrial parks
Business 18:30
Israeli companies invited to investment projects in Karabakh’s industrial parks
Italian firms interested in participating in projects to be implemented in Karabakh
Business 14:00
Italian firms interested in participating in projects to be implemented in Karabakh
Azerbaijani economy minister, governor of St. Petersburg mull enhancing joint activities in shipbuilding
Business 15:00
Azerbaijani economy minister, governor of St. Petersburg mull enhancing joint activities in shipbuilding
Russia-Azerbaijan trade reaches $4.4 billion, Russian ambassador says
Business 10:00
Russia-Azerbaijan trade reaches $4.4 billion, Russian ambassador says
Azerbaijan to increase value of non-oil exports to $5B by 2026
Business 14:00
Azerbaijan to increase value of non-oil exports to $5B by 2026
Anews TV

Our official Youtube channel

Subscribe