Apple iPhone shipments than expected to promote the stock rose 3.4% in after-hours trading

 

[ REVIEW ] by iPhone sales beat market expectations, driven, Apple's third-quarter revenue and net profit exceeded market expectations.

Apple iPhone shipments than expected (Artesyn Technologies with map)

IDG (Mingxuan) Beijing July 24, according to foreign media reports, by the third quarter of iPhone sales beat market expectations, driven, apple quarter revenue and net profit exceeded market expectations. Which boosted investors about Apple has the ability to resist low-end smartphone attack on our business optimism and drive in the company's share price rose 3.4% in after-hours trading.

As of June 29 in the third quarter, Apple's diluted earnings per share $ 7.47.Bloomberg statistics show that market analysts on average had expected Apple to $ 7.30 per diluted share. Apple's third-quarter revenue of $ 35.3 billion, better than market expectations of $ 35 billion.

Apple's third quarter results exceeded market expectations, boosted investor can withstand competitive pressure on Apple's optimism. Apple iPhone 5's gross margin over 50%, almost the same level as a rival product twice. In the past year, as investors worried that Apple's competitive advantage may disappear, resulting in company's share price reached a cumulative decline of 31%.

BMO Capital Markets analyst Keith Bachman (Keith Bachman) said, "We in the short to medium term by Apple's ability to maintain healthy profits encouraged." The analysts said in a report to investors to maintain Apple's stock "neutral" rating.

By the results beat market expectations, driven Apple's stock price in after-hours trading on Tuesday rose $ 14.13, or 3.4 percent, to close at $ 433.50. The company's shares on the Nasdaq Stock Market regular trading down $ 7.32, down 1.72%, to close at $ 418.99. Over the past 52 weeks, Apple's lowest price of $ 385.10, the highest price of $ 705.07. Even Apple's stock price this year, there have been adverse economic slump, the company's market value is still higher than any one technology company.

iPhone sales

In the third quarter, Apple sold 31.2 million iPhone. Apple iPhone is currently the most popular, most profitable products. Analysts on average had expected, iPhone sales in the third quarter of 26.1 million. Apple's third-quarter gross margin was 36.9%, in line with the company had expected 36-37%.

In the third quarter, Apple sold 14.6 million units iPad tablet computer, a year earlier, shipments fell 14%. Enders Analysis analyst Ben Evans (Ben Evans) said that consumers stop buying in the third quarter tablet, because in the end of the year waiting for a new product to market. Apple expects fourth-quarter revenue of 34 billion to 37 billion U.S. dollars, market analysts on average expected to be $ 37 billion.

Apple in 2007 opened a touch screen smart phone era, but Google (microblogging ) Android platform now occupy most of the market share. Market research firm IDC statistics show that the first quarter of this year, Android accounted for global smartphone sales 70%, Apple iOS share of only 17%.Samsung Electronics is the world's largest manufacturer of Android smartphone market share up to 41%.

Cheap iPhone?

Even so, Apple still ruled the high-end smart phone market - especially in the U.S. market. Market research firm Asymco analyst Horace Dedi Wu (Horace Dediu) said that Apple is developing a low-end Android phones to compete with the cheap iPhone. The analyst said, "I'm waiting for Apple to release such a product for several years."

Revenue and net profit growth slowdown, but also force Apple to enter new markets. Informed sources revealed earlier this year, Apple has more than 100 R & D staff is developing a watch design of the device. Apple CEO Tim Cook (Tim Cook) has also said that the company is developing a beyond the Apple TV set-top box products.