Apple dominates tech market as anticipation builds for iPhone 6
By Catholic Online (NEWS CONSORTIUM)
7/23/2014 (3 years ago)
Catholic Online (www.catholic.org)
Apple continues to do well in the market, as the company's flagship product, the iPhone, gained significant traction since March, and the Mac line of desktop computers also saw growth.
The iPhone 6, expected to be released in September, is highly anticipated, and may be responsible for the slight increase in sales of iPhones.
LOS ANGELES, CA (Catholic Online) - Apple sold 35.2 million iPhones over the last three months, up 13% from the same period last year, and Mac was up 18% with 4.4 million units sold.
For Apple, iPad did not sell as well, down 9% with 13.2 million units sold over the last quarter, and the news that customers are buying cheaper iPads-such as the iPad mini-has also hurt the bottom line.
Apple's CEO Tim Cook blamed "market softness" in a few parts of the world, but he did sound hopeful that turnaround might come from Apple's recently announced deal with IBM, effective later in 2014.
Cook said that tablets have not caught on in an office setting, and he hoped that the deal with IBM would change that.
"We think our partnership with IBM will be one such catalyst for future iPad growth," Cook said. "We're very bullish about the tablet market."
Apple's profits grew 12% to $7.7 billion, or $1.28 per share, during the fiscal third quarter which ended in June. Apple's earnings per share was also up slightly because of the company's continual stock buyback program, which has lowered the amount of shares held by investors by about 7% since last year.
The company posted $37.4 billion in revenue, up 6%, and the company's profits exceeded Wall Street expectations. For this quarter, Apple is expecting sales between $37 billion and $40 billion.
All eyes are also on the company for the next few months, for the expected September release of the iPhone 6, and many are expecting that many customers are holding out purchasing iPhones in anticipation of it.
Copyright 2017 - Distributed by THE CALIFORNIA NETWORK
Pope Francis Prayer Intentions for JULY 2017
Lapsed Christians. That our brothers and sisters who have strayed from the faith, through our prayer and witness to the Gospel, may rediscover the merciful closeness of the Lord and the beauty of the Christian life.
More warnings from the tech sector, as robots deploy in grocery stores. Shoppers are now seeing a tall, slender robot at some Target stores ... continue reading
Someday, we are each going to die. Knowing this, we all want to know what to expect when the moment arrives. Will we suffer? Will it be ... continue reading
Physicists have announced the discovery of the 'Angel Particle,' a subatomic particle that is both matter and anti-matter. The particles ... continue reading
Facebook censored over a dozen popular Catholic pages on Monday, including several with millions of followers. No explanation was given for ... continue reading
Could you survive in a disaster? Take our quiz and find out if you are likely to survive a disaster or not Watch
Could you survive a disaster? The BBC asked survival experts what people should do to survive a disaster. Here's one thing experts ... continue reading
by Catholic Online
- Daily Readings for Friday, July 28, 2017
- Daily Reading for Tuesday, August 1st, 2017 HD Video
- St. Innocent I: Saint of the Day for Friday, July 28, 2017
- Science confirms what Biblical scholars already know - the conquest ...
- Why can't Republicans repeal Obamacare? Maverick senators, for one
- Doctors test CRISPR technique on babies, then abort them
- Why can't Republicans repeal Obamacare? HD Video
- Daily Reading for Monday, July 31st, 2017 HD
- Daily Reading for Sunday, July 30th, 2017 HD
- What can you expect when you die? Science provides an answer HD
- Daily Reading for Saturday, July 29th, 2017 HD