Courier Capital LLC Has $27.19 Million Holdings in Apple Inc. (AAPL)

Apple shares sink as Xmas sales forecast disappoints investors

The company sold 46.9 million iPhones in the quarter, generating revenue of US$37.2 billion.

Despite the plateau of iPhones sales over time, the move towards Apple's most expensive product line seems to be paying off, as Apple reported earnings of $2.91 per share, beating estimates of $2.78.

The company registered $62.9 billion in revenue, an increase of 20% over the same period past year, and quarterly earnings per diluted share of $2.91, up by 41%.

Apple announced some big numbers for its 2018 Q4 today, selling 46.8 million iPhones and generating $62.9 billion Dollars in revenue for the quarter. With so many users within the Apple ecosystem, the company now has the opportunity to monetize more services, improve existing services, and add new ones like Apple's Search Ad business on the App Store.

Get a good look at this iPhone sales chart, because it's the last one you'll ever see.

Cook said that Apple is "seeing some macroeconomic weakness in some of the emerging markets".

Charles is lord of the dance during Ghanaian welcome
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Apple said it will stop reporting unit sales of iPhones, iPads, and Macs beginning in fiscal 2019, CFO Luca Maestri told analysts on a conference call. This quarter too, India showed a positive growth in Apple's other devices like Macs and iPads.

Mac unit sales surged 42 percent from previous quarter. Apple made $8 billion more dollars selling iPhones than it did a year earlier (when it sold nearly the exact same number of iPhones).

Sure enough, in the three month period ending in September, Apple sold just shy of 47 million iPhones, representing 0% growth in the number of smartphones sold from the prior year. Revenue was up 20 percent YoY to $62.9 billion, with earnings per share of $2.91, up 41 percent. Cook was responding to a question on whether Apple is at a disadvantage in India, as compared to other markets, in terms of ability to own stores and manufacture its products.

Apple shares were selling off in early trading Friday as Wall Street reacted to the tech giant's weaker-than-expected holiday sales guidance and an announcement that it would no longer report the number of iPhone it sold on its quarterly earnings reports. It no longer needs explosive unit sales growth in order to grow financially.

Cook also shared concerns for his company around import duties on key Apple products, and he said that it is an area where the company is sharing feedback with the Indian government. But more importantly, for the first time they give margin information on Apple's services business, which reached $10 billion in its fiscal fourth quarter, up 17 percent.

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