Apple Shares Jump 7 Percent As iPhone Sales Exceed Wall Street Expectations

Apple sold a total of 40.4 million iPhones in the fiscal third quarter ended June 25, exceeding Wall Street expectations and leading to a 7 percent share increase in after-hours trading.

Specifically, analysts expected Apple to sell 40.02 million iPhones, so Apple’s official figures are only a little above the forecast. This small difference, however, which has been received as a major win for Apple, has pushed the company’s share to $103.47 after the results announcement, an increase of 7 percent.

In reality, however, it’s not all just milk and honey for Apple and despite the better figures, the company’s performance still shows a decline that Cupertino can’t deal with for the moment – and the chances are that it won’t be able to do that in the current quarter either (<a href="… (read more)

Source link

Remember to like our Facebook and follow us on Twitter @iOSMode for a chance to win a free iPad Pro every month!

Quick Links: Download iPhone & iPad Wallpapers | iPad Tutorials | iPhone Tutorials | Download iOS Games | Download iOS Apps

You may also like...

Please leave a reply