Apple posts monster earnings report ahead of iPhone X launch

Apple posts monster earnings report ahead of iPhone X launch

Wall Street was looking for earnings of $1.87 a share on revenue of $46.9 billion. That is instead of 11.4-million units, the company sold 10.3-million - so, not too shabby anyway.

"Apple's year-over-year revenue growth rate accelerated for the fourth consecutive quarter and drove EPS growth of 24 percent in the September quarter", said Luca Maestri, Apple's chief finance officer. Proceeds that some other products - including the Apple Watch, Apple TV and Beats products, also rose 36% to $3.2 billion. Let me know if that makes sense to you and cash me outside how bout dat.

Apple opened pre-orders for the iPhone X on October 27 and has said demand has been "off the charts", although some analysts have been anxious about supply chain issues that might prevent Apple making enough phones to satisfy demand. "We had double-digit iPhone growth in numerous emerging markets".

Now seeing as how the iPhone has always been Apple's primary revenue driver, it's no surprise that quarterly iPhone sales is the metric analysts typically pay most attention to. Preorders opened last week.

The iPhone X officially goes on sale tomorrow, and die-hard fans are already lining up at Apple Stores around the country. The company gave investors a guidance $84 billion to $87 billion in revenue for the current quarter. When the dust settled, Apple posted revenue of $52.6 billion.

Trump nominee for top Agriculture post withdraws amid Russian Federation probe
Clovis is a former economics professor at Morningside College in Sioux City, a radio talk show host and a GOP candidate for U.S. President Donald Trump spoke to The New York Times Wednesday and said all is going well at 1600 Pennsylvania Avenue.

Apple's stock, which has risen 45 percent this year, closed at $168.24.

Perhaps unsurprisingly, Apple itself struck an optimistic tone.

Apple forecast holiday sales that exceeded most analyst estimates, a sign it expects robust demand for the new iPhone X, the company's most important product launch in years. Apple has been flirting with a trillion-dollar valuation, and had a value of $868 billion at market close. This is mostly due to the upcoming sales of the iPhone X, HomePod, and others.

It's not hard to see why the iPhone X is in such high demand; it reinvents the company's vision for a smartphone, replacing traditional bezels with an edge-to-edge OLED screen and the antiquated home button with gestures. The company is also set to sell the HomePod, a Siri-powered speaker to answer both Amazon's Echo line and Google's Home speakers.

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