Global Retail Alliance
info@gra.world
  • Login
  • Register
  • Newsletter
  • Virtual Library
  • Choose your country
    • Australia
    • Brazil
    • China
    • Poland
    • Latin America
    • Middle East
GRAGRA
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact

Innovation & Technology

  • Home
  • Innovation & Technology
  • Apple posts 7% revenue increase

Apple posts 7% revenue increase

  • Categories Innovation & Technology
  • Date August 2, 2017
  • Comments 0 comment

Apple has shared its earnings report for the third quarter of 2017 and contrary to predictions from analysts, it has managed to beat all those estimates. It has posted a revenue of $45.4 billion for the quarter (net profit of $8.7 billion) which is up from $42.4 billion (net profit of $7.8 billion) during the same quarter last year. This means a growth of 7% year-over-year for the Cupertino-based tech giant.

In terms of product sales, 41 million iPhone units were sold by Apple this quarter which is again an improvement in comparison to the last year. The story remains the same for iPad and Mac sales as it sold 11.42 million and 4.29 million units respectively. With the increase in sales for almost all product categories, it is not hard to figure out how Apple managed to defeat all predictions and perform significantly better.

And it’s not only about products, Apple performed quite good even in Services as it posted an earning of $7.3 billion through them. This makes it equivalent to a Fortune 100 company and is definitely a good thing for the company which has relied heavily on iPhone sales for generating revenue.

As for the next fourth quarter, Apple mentioned its own predictions about how it sees things going from here onwards. It is expecting the revenue to be anywhere from $49 billion to $52 billion with a gross margin of 37.5% to 38%. The iPhone 8 release is just around the corner and as it is expected to bring some really significant changes to mark the 10th anniversary of iPhone, one can surely expect Apple to make more money in this last quarter of the year.

https://www.mobilescout.com/apple/news/n97509/Apple-45-billion-revenue-Q3-2017-growth-7-YoY.html

  • Share:
gsiino

Previous post

Asda lays bear disastrous 2016
August 2, 2017

Next post

Uniqlo Tries New Approach: Shirts in Vending Machines
August 3, 2017

You may also like

Senza-titolo-1
The 10 most innovative companies in retail for 2023
2 March, 2023
IKEA-Meta
Ikea teams with Meta and Warpin Reality to launch AR experience in Swedish stores
23 February, 2023
tatcha
Tatcha launches virtual store to promote body care products
16 February, 2023

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search News:

News category:

News Archive:

Last News:

Celine Shop-In-Shop Opening – Paris
15Mar2023
Private labels: the future of luxury department stores?
06Mar2023
Euroshop 2023! Top 75 Specialists & Key Highlights
04Mar2023
TOTEME Shop-in-shop in Seoul
03Mar2023
Y-3 opens its first ever store Down Under
03Mar2023

© 2022 Global Retail Alliance | info@gra.world | Privacy Policy