Apple continues to announce record quarter results but questions still linger around iPad and Apple Watch. Apple generated $49.6 billion in revenue, as a whole, with a net profit of $10.7 billion, all record figures for the third quarter of any given year. These numbers represent an increase from the $37.4 billion in revenue and net profit of $7.7 billion from the same period last year.
Apple continued to set record iPhone sales, with the company selling 47.5 million iPhones during the third quarter. This led to a 59 percent boost in iPhone revenue year-over-year. However, analysts expected iPhone sales of around 50 million, explaining why Apple shares actually decreased roughly 7 percent. Meanwhile, Mac sales, in particular, have Apple pretty happy, with the company selling 4.8 million Macs during the third quarter. Even though this number might not be all that impressive by itself, it resulted in a 9 percent growth in the PC sector for Apple.
Where question marks linger, however, are around iPad and Apple Watch sales. For the quarter, Apple sold 10.9 million iPad units, a decrease from the 13.3 million the company sold in the preceding quarter. That sales result also represents the lowest number of iPads sold in over three years, which raises concerns about where iPad sales will be in the near future. Of even more interest is the lack of concrete numbers concerning the Apple Watch. Having launched its first wearable back in April, Apple only stated during its earnings call that it generated $2.64 billion in revenue from “other” devices which includes the Apple Watch, iPod, Apple TV, and Beats hardware.
Looking ahead, Apple expects to generate between $49 billion and $51 billion in revenue for the next quarter, which would represent an increase from the $42.1 billion revenue the company generated during the same time period last year……
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