Sales in the two quarter of Apple rebounded in China by 20%

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 Sales in the two quarter of Apple rebounded in China by 20%


Apple announced its earnings in the early morning of May 2nd. Apple sold a total of 52 million 200 thousand iPhone phones in the second quarter of fiscal year ending March, an increase of 3% over the same period last year. Apples two quarter iPhone returned to growth to dispel worries about the sluggish demand for iPhone, and chip companies share prices rose after hours. The stock price of Apple was also up 5%. Apple shares have erased all gains this year. The results showed Apples income increased to $61 billion 100 million, up 16% from the same year, net profit of $13 billion 820 million, up 25% from a year earlier, and $2.73 per share, all above analysts expectations. The brightest thing is Apples service revenue has increased by more than US $9 billion, an increase of 31%. Boosted by the price of iPhoneX, the average price of apple iPhone rose to $728 in the latest quarter, an increase of 11% over the same period last year. Apple also raised its earnings forecast for the next quarter to 51 billion 500 million ~535 billion dollars. At the same time, Apple announced a $100 billion share repurchase plan and announced a dividend of $102 billion in profits abroad for the first time, and it was the first time that the market saw the benefits of Trumps new tax plan for Apple Corp shareholders. Over the past ten years, Apple has generated an overseas profit of $250 billion. On the other hand, Apples cash flow slipped to $267 billion 200 million, the lowest since last June. Charles Lages (CharlesRagauss), the director of ExponentialETFs product management of the fund company, told first financial reporters: the Apples financial reports are very good, and the weak sales data are offset by the income of the service and the income of other products. IPhoneX sales and sales in the Chinese market have become the biggest focus of Apples earnings. In the second quarter, Apples revenue in the Greater China region reached $13 billion, unchanged from the European market, and increased by 21% over the same period last year. Cook disclosed that iPhoneX is Apples most popular mobile phone in the Chinese market. According to the apple financial data, the average price of the iPhone Series in the global market rose to $796 from 655 US dollars in the same quarter last year, and the actual iPhone Series in domestic shipments did not increase. In the second and third quarter of 2018, it was also the two quarter of the apple product cycle. As the leading domestic manufacturers, such as HUAWEI, OPPO, vivo and millet, launched the flagship models, the iPhone series faced considerable challenges. Before the arrival of the 2018 new iPhone, the Apple needs to release new products, such as the lower price SE2. Or reduce channel prices to boost sales of iPhone products to prevent domestic manufacturers from nibbling their market share. However, Sino US trade friction is a potential threat to Apple Corp. In this regard, Cook said he did not worry too much about the impact of Sino US trade friction on Apple Corp. Cook met with Trump in April 25th and discussed issues such as trade. China and the United States inevitably have common interests, and win and win. Cook said, history tells us that the more pluralistic and the more open the country is, the more successful it will be. So Im very optimistic. Cook also said that Apple Corp has done many things in China, including encouraging 1 million 500 thousand App developers to develop applications in the apple mall of iOS system. From manufacturing to development in China, we have become an important part of this market. Cook said. Source: first financial daily editor: Yao Liwei _NT6056 However, Sino US trade friction is a potential threat to Apple Corp. In this regard, Cook said he did not worry too much about the impact of Sino US trade friction on Apple Corp. Cook also said that Apple Corp has done many things in China, including encouraging 1 million 500 thousand App developers to develop applications in the apple mall of iOS system. From manufacturing to development in China, we have become an important part of this market. Cook said.