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Apple Inc  (AAPL)
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    Sector  Technology    Industry Computer Hardware
 
 

EARNINGS REPORT by CSIMarket

Sales led by Asia or Pacific section


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Apple Inc announced third quarter 2017 operating income of $10768 millions, revenue expected to reach $232,214 millions, for the Year



Sales for the third quarter 2017 increased by 7.2 % to $45.41 billions in comparison to $42.36 billions on a year-over-year basis, company posted earnings growth of 17.61 % to $1.67, as comparison at $1.42 in the prior year quarter.

In contrast to the second quarter 2017 Sales deteriorated by -14.16 % from $52.90 billions and income faded by -20.48 % from $2.10 per share.

Computer Hardware company explained it's rise in sales, by surge in Asia or Pacific division, additional expansion was in Americas, Europe, Asia or Pacific, Mac sales, iPhone or Related Products segment, but sales in iPad segment fell -22.94%.
Wide-spread earnings growth in Americas, Europe, Asia or Pacific segment, cumulated into 11.81 % bottom line increase for Apple Inc. Third quarter net income was $8,717 millions, an improvement from $7,796 millions in the same quarter a year ago. Although operating margin fell to 23.71%, in the third quarter 2017, the company's net margin actually improved to 19.2%. Company provided revenue outlook in the range between, $231,214 millions and $233,214 millions.

Analysing further company's results, an astounding rise of 35.03% in iPhone Units Sold to 47,534.00 thousands explains the third quarter 2017 performance.
Continuing with Apple Inc's third quarter 2017 report, company pointed out increase in: Total Macintosh Avg. Sales Price ($) 1,257.30 up 0.15 %.
While on the other hand, declines were in: iPad Avg. Revenue per unit 415.15 -6.41 %.
While following 2 indicators decreased catastrofaly: iPad Units Sold -17.66 %. Worst was: iPad Units Sold.

Apple Inc is expected to report next financial results on October 25, 2017.
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