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Apple shares higher on Iphone sales

By rotide
Created 21/10/2014 - 08:23

Apple results for the last quarter were up 13 % over Q3 last year, turning in a massive £5.25 billion and exceeding analysts forecasts.

Despite very respectable opposition from competitors raising their game in the smartphone arena, the IPhone loyalists are still prepared to queue for days for the latest models, with IPhone sales for the period totalling 39.25 million.

Tim Cook the CEO is very pleased with the year in general and the success of the IPhone 6 launch and is optimistic for Q4 but won't be as pleased with the performance of the IPad, where sales for the quarter were down by 7% as much cheaper tablet options continue to come onto the market eating into the market that Apple pioneered.


Source URL:
https://www.newbusiness.co.uk/news/apple-shares-higher-iphone-sales