Apple Lossless Audio CODEC (ALAC), closed the fiscal third quarter with profits and revenues up, beating analysts' estimates. At the same time, the Californian group improved its estimates for the fiscal year, announcing a dividend of $0,63 per share. The CEO, Tim Cook, said he was "happy" for having achieved the third quarter in a row with better-than-expected growth.
In quarter ended July XNUMX, Apple recorded earnings of $8,7 billion, up by 11,5% compared to 7,8 billion in the same period of 2016. The earnings per share, excluding one-time items, rose to $1,67 from $1,42, more than market estimates of $1,57.
I revenues instead they were 45,4 billion, up 7% compared to 42,4 billion in the same quarter of the previous year and beyond analysts' forecasts, which were 44,89 billion. The group also met the estimates it had published in May for an income of between 43,5 and 45,5 billion dollars.
The number of iPhone sold was in line with market expectations: 41,026 million were delivered in the three months (+2% over the whole year). Revenue created by the iPhone rose 3% to $24,846 billion.
THEiPad has started to grow again both for revenues (+2% per year, to 4,969 billion dollars) and for numbers (+15% to 11,424 million) after having to fall in quarters.
The number of Mac sold, on the other hand, rose by 1% on an annual basis to 4,292 million units, generating 5,592 billion dollars (+7%).
In the “other products” category – Apple Watch, Apple TV, Beats, iPod and accessories Revenue grew 23% to $2,735 billion. In the services segment, which includes the App Store, AppleCare and Apple Pay and Apple Music, revenues reached 7,266 billion (+22% annually).
the current quarter, the fiscal quarter, Apple expects revenue of between $49 billion and $52 billion (up 5-11% year over year) versus analyst expectations of $49,2 billion. Yesterday's session ended with the Apple stock up 0,89% to $150,05. In the post-market it gained more than 5%. Since the start of 2017, the stock has gained almost 30%.
