Apple is making more money in India than ever

06 May, 2018, 18:49 | Author: Pamela Mathis
  • Apple Pops on Strong Earnings

Apple iPhone X was made official in September a year ago, alongside the iPhone 8 and iPhone 8 Plus. iPhone X has features like an edge-to-edge OLED display, 12MP+12MP rear camera with dual OIS, Face ID, Animojis, etc. Tim Cook said the iPhone X has continued to do well for the company. "With the greater flexibility we now have from access to our global cash, we can more efficiently invest in our United States operations and work toward a more optimal capital structure". One, it was the most radical iPhone yet, featuring a new "notch" design and an OLED display Apple had to order from Samsung.

It's also hard to quantify how much of the repatriated money is being funneled to shareholders.

The rumor we're seeing suggests that Apple will be putting fast chargers in the box of the iPhone X2, bringing it in line with top competitors like Samsung and Huawei, who offer the tech for free at purchase. And suppose you had the ability to think ahead and see that Apple's ground breaking iPhone would mature into the firm's top selling product, and be at the vanguard of a smartphone revolution that has changed the world.

Apple surpassed expectations with its Q2 2018 earnings despite expectations that iPhone sales would begin to dwindle.

Watch best of LeBron's epic night against Toronto in Game 2
We give you 3 options for the Cavs to draft as they attempt to rebuild without LeBron or retool for another Finals run. After a almost flawless 48 minutes of basketball, it was the Raptors who were left tip-toeing on the edge of a sweep.


Apple's quarter was strong in China, up 21 percent in revenue, and the top three smartphone models in China last quarter were iPhones - the iPhone X, presumably followed by the iPhone 8 and 8 Plus.

That helped the company earn almost $14 billion in its fiscal second quarter, a 25 percent increase from a year ago.

Revenue from services surged 31 percent to a record $9.2 billion (roughly Rs. 61,450 crores) in the quarter. Strategy Analytics named the iPhone X leader of the pack in their latest analysis of the global smartphone market. The stock gained more than 3 percent to $174.90 in Tuesday's extended trading as investors celebrated the news of all the new money heading their way. RBC Capital Market analyst Amit Daryanani said the report proves skeptics wrong. The Motley Fool has the following options: long January 2020 $150 calls on Apple and short January 2020 $155 calls on Apple. Apple appears to have about 4.9 billion shares outstanding (this data, too, is inconsistent), which would properly give AAPL a market cap of roughly $901 billion.

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