Apple Reports A Positive Q3, Looks Forward To New iPhones


Apple's financial numbers were published earlier today and the news is mostly good, with positive news everywhere, bar a continued fall in revenue in China. That fall of was more than compensated for by growth in the Americas markets, with Apple's biggest territory reporting a 13% growth in revenue year on year.

Product wise the big news was a turnaround in the iPad sales slump, with year on year sales up 15%, although revenue growth of just 2% suggests that the big seller was the entry level iPad, rather than the more profitable iPad Pros.

iPhone and Mac units saw more modest growth, the latter on the back of hardware refreshes. In performance terms Services and Other Products continued positive trajectories, growing 22% and 23% respectively. Services are now comfortably Apple's second largest business after the iPhone.

0 comments: