GTB 737 banner Yudala banner

Apple iPhone sales drop

By News Express on 03/05/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 288


Apple Inc reported a surprise fall in iPhone sales for its second quarter on Tuesday. The blue chip company with a hoard of $250 billion plus in cash and investments, sold 50.76 million phones, less than the 51.19 million phones sold at the comparative period last year.

Apple responding to pressure from shareholders, according to Reuters, boosted its capital return program by $50 billion, increased its share repurchase authorisation by $35 billion and raised its quarterly dividend by 10.5 percent.

Investors were unmoved, sending shares of the world’s most valuable listed company down 1.9 percent at $144.65 in after-hours trading.

Analysts on average had estimated iPhone sales of 52.27 million, according to financial data and analytics firm FactSet.

Apple Chief Financial Officer Luca Maestri argued the decline was not as bad as it looked, given the peculiarities of how phone sales are calculated.

The company reports what are called “sell-in” figures for the iPhone, a measure of how many units it sells to retailers, rather than “sell-through” figures, which measure how many phones are actually sold to consumers.

Maestri said the company reduced the volume of inventory going through its retail channel by about 1.2 million units in the quarter, meaning the company sold about 52 million phones to customers on a sell-through basis.

Despite the dip in unit sales, iPhone revenues rose 1.2 percent in the quarter, helped by a higher average selling price. (Reuters)

Source News Express

Posted 03/05/2017 5:13:45 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Ebonyi widows to enjoy monthly pay

Police vows to arrest fleeing Imo commissioners, others...

Chelsea name interim manager

Senate deplores re-emergence of pipeline vandalism in Niger...

FG, Lagos lure 15 million Diaspora Nigerians, plan...

$1.6bn Oil Scam: Diezani’s ally, Omokore, breached contractual...

Clash between herdsmen and farmers averted in Bayelsa...

Excellence – Your Key To Elevation: THE ROLE...

Buhari’s running mate: Why APC may dump Amaechi...

Ifeanyi Okowa humbles Great Ogboru, O’tega Emerhor to...

Last chance for World Cup shirts (or almost)...

Buhari to assent to 2016 Budget before Easter...

 

Latest News Army redeploys 52 generals, 597 other officers in major shake-up Buhari, APC leaders eat lunch in London •He is closely monitoring developments at home: Okorocha 14 killed in auto crash on Ife-Ibadan Expressway Govt. moves to regulate social media Shettima orders recruitment of 300 graduates MASSOB raps Fayose, demands release of Igbo traders detained in Ekiti Mambilla killings: Group calls for state of emergency in Taraba State Investor relocates N3.6bn project from Calabar to Abuja Rains expected today over Ibadan, Abeokuta, Lagos, Akure, Enugu, Owerri, Onitsha, Calabar, Uyo, Port Harcourt and Eket Rainy season will not stop our projects delivery, Wike assures Amosun mourns veteran broadcaster and actor Adebayo Faleti UK to invest in Nigeria’s energy sector

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (266,446 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (247,251 views) Shameless Genevieve Nnaji exposes breasts in public (201,474 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (172,505 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (169,288 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (151,115 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (130,750 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (123,502 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (115,270 views) Lagos plane crash: Journalist releases victims’ names (107,383 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (107,067 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (99,683 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,635) Business Verdict (18) Columnists (714) Complaints & Requests (92) Enterprise & Opportunities (165) Entertainment (345) Features (470) Global Business Monitor (163) International (1,461) Interviews (126) Live Commentary (28) Love Matters (64) News (26,733) Opinion (758) Pidgin (8) Politics (3,817) Religion (580) Sports (1,287) Stock Watch (20) AMA & Al Jazeera Global Update

 

CBN words on marble advert

 

 

Senator Adeleke on the dancing steps in London

 

APO Newsbreak logo

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!