The tech giant posted turnover of $61.1bn (£44.9 billion) for the three-month period to the end of March, an increase of 16 per cent from a year earlier.
Apple predicts that third-quarter revenue should reach between $51.5 billion and $53.5 billion, with a gross margin between 38% and 38.5%.
U.S. risks trade fight with Europe as sanctions delay expires
Mexican Economy Minister Ildefonso Guajardo said "a quota on steel would not be the best way to go". Commerce Secretary Wilbur Ross sounded a hopeful tune in an interview with Bloomberg on Saturday.
Since the launch of its initial capital return program in August 2012, through March 2018, Apple has returned $275 billion to shareholders, including $200 billion in share repurchases.
Slim chances of Trump-Mueller interview amid leaks
Caputo says he has not been told if he will be needed for further interviews or if he will need to appear before a grand jury. Caputo spent several hours with the special counsel's team in Washington for his first interview with investigators.
Apple shares rose 5 percent in extended trading, after closing at $169.10 in NY. Global sales accounted for 65 percent of the quarter's revenue. There are also reports that China's sales in Apple have been weak. Apple's all-important "services" category (Apple Music, iCloud, Apple Pay, subscriptions) continued to soar, growing more than 30% to $9.2 billion. Service revenue also increased 31 percent to United States dollars 9.19 billion, and iPad revenues rose 6 percent to USD 4.11 billion, on shipments up 2 percent to 9.11 million units. Previously, new iPhone models started at around $650. Profit came in at $2.73 a share. Wall Street consensus estimates were for revenues of $60.8 billion and EPS of $2.68, making the quarter a solid beat for Apple. And revenue growth for iPhone was indeed strong, with $38 billion in iPhone revenue marking a gain of 14% year-over-year. An expanding Chinese market has helped up drive revenues. Apple also outlined its intentions to allocate an extra $100 billion for future stock repurchases. Apple was also affected by the declining PC sales with Mac sales declining 3 percent in the second quarter of 2018 compared to same period previous year. That would be more effect from the supposedly failed iPhone X, which has sent iPhone's average selling price (ASP) much higher. While there has not yet been a tariff on devices such as Apple's iPhone, Cook last week traveled to Washington to meet with U.S. President Donald Trump at the White House to discuss trade matters.
"It's an area of great interest where we think we can make a big difference in, so it's a major strategic thrust of ours", said Tim. In fact Apple's CFO stated during the conference call that Apple enjoyed 21% year-over-year growth in China. Apple also increased its quarterly dividend to 73 cents a share from 63 cents.
Package deal: Rudolph, Washington heading to Pittsburgh
The Steelers are led by head coach Mike Tomlin and 14 year National Football League quarterback Ben Roethlisberger . The 5-foot-11, 213-pound receiver completed his journey from Stamford, Texas, a town of about 3,000, to the NFL .
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