Apple reports higher Q2 profits, unveils big share buyback

Apple earnings jump on healthy iPhone sales

Ultimately, the iPhone X may not have helped Apple set any new quarterly sales records, but it's still a far cry from being a disappointment.

It wasn't just the backward-looking numbers that impressed. In the first three months of the year, the company saw a slight increase in iPhone sales on a yearly basis.

It said revenue from Americas grew 17 percent while that from Europe jumped by 9 percent.

Revenue grew in all geographic locations where Apple (NASDAQ:AAPL) is available, but global sales made up 65% of the revenue for this quarter. In addition, Apple's paid subscriptions across these services crossed the 270m mark in the quarter, an increase of 100m over the previous year. However, Apple iPad's revenue rose by 6 per cent on an yearly basis, though it witnessed a 30 per cent sequential decline.

Scottish alcohol minimum unit price takes effect
The idea behind the law is to try and save lives, with a minimum price set for alcohol based on how many units it contains. The Alcohol (Minimum Pricing) (Scotland) Act was passed by MSPs at Holyrood in 2012.

During the last couple of years, Apple has been aggressive in India.

Apple has been emphasizing its contributions to the USA economy in recent months, outlining a $30 billion US spending plan and highlighting the tens of billions of dollars it spends each year with USA -based suppliers.

Apple beat its Q2, 2017 performance when it has shipped 50.7 million iPhones. The iPhone X was not just a disappointment sales wise. Recent reports suggested sales have been slow, with the $349 price tag prohibitive for many. While Luca refused to give a clear timeline for the latest buyback programme, he commented in an earnings call, "We are not giving an end date to the programme this time because the amount is very, very large.We will do it at a very fast pace but we also want to do it efficiently".

Over the past few weeks, the prevailing narrative surrounding the iPhone X has been that sales of Apple's flagship device have been underwhelming. He said the ASP growth was "mainly driven by iPhone X", indicating the $1000 price point had worked in the company's favour. Apple announced revenue from Greater China market grew 21 percent during the second quarter. It has also become a hub for Apple's growing services business and is tied to newer Apple hardware like the HomePod speaker, AirPods headphones, and the Apple Watch. That was the fastest growth in more than two years. The statement is important in light of the data leaks being revealed at Facebook.

Oculus Go now available for purchase, starts at $199
However, as of Tuesday morning, the $199 Oculus Go appeared to have already sold out as the Amazon listed it as now unavailable. It has been a long time coming, but it looks like the Oculus Go will finally be available starting this week.

The maker of iPhones, iPads and other products posted revenue of $61.14 billion in the period, also exceeding Street forecasts. You're not our product. "So we look at China holistically, not only as a market", he noted.

"It's a huge market", said Apple CEO Tim Cook during the earnings call.

"So we're working toward those things".

Chief of Staff Kelly denies calling President Trump an 'idiot'
We don't get paid very much for this, do we? "I am committed to the President, his agenda, and our country". Trump says on Twitter Monday: "The White House Correspondents' Dinner is DEAD as we know it".

Related news:

Hot News

isis-killer-beheading-video-story-top Tiger Woods 'Looked Great,' Dru Love Says Ahead Of Comeback
May 03, 2018 - 16:50
We like for him to continue to use his hot putter and short game and contend on Sunday once again at Quail Hollow. The par-4 1st and par-3 2nd holes were combined to create a new monster 540-yard opening hole par-4.

isis-killer-beheading-video-story-top Snap shares sink as Snapchat redesign weighs on results
May 02, 2018 - 02:03
Looking ahead, Spiegel said Snap is focused on optimizing the redesign, based on his team's ongoing experimentation and learning. He said completely rebuilt Snap app for Android will roll out in the third quarter of the year.

isis-killer-beheading-video-story-top Guardiola jokes about Man City's '£1billion' transfer plans
May 02, 2018 - 02:03
Sterling, picked out by Jesus, made a fine run and pin-point pass that allowed the Brazilian to steer home from close-range. And in his first appearance against his former club, the Chilean was heavily involved in the opening goal on 16 minutes.

isis-killer-beheading-video-story-top Trump honors crew of ill-fated Southwest Airlines Flight 1380
May 02, 2018 - 02:01
Trump touted the pilot's work in safely landing the damaged plane. He also wanted to meet passengers who assisted other travelers. The plane was traveling from NY to Dallas.

isis-killer-beheading-video-story-top IPL: CSK beat Delhi Daredevils by 13 runs
May 02, 2018 - 01:58
Their brutal batting was supported by quality bowling, particularly from pacer Lungi Ngidi who was making his debut for CSK . When the former Australian all-rounder departed, the unsafe combination of Rayudu and Dhoni got together in the 14th over.

isis-killer-beheading-video-story-top Two stars blasted on live TV during Bayern Munich Champions League clash
May 02, 2018 - 01:56
In a classy move, the Colombian refused to celebrate in front of his parent club, which treated him with a proper ovation. With the German side feeling confident after the break, their hearts were broken just 28 seconds into the second half.

isis-killer-beheading-video-story-top Dana White Speaks Out On Conor McGregor Punishment
May 02, 2018 - 01:53
McGregor is due back in court on June 14 to appear before a judge regarding those four charges stemming from the bus assault. Dana White vows that that the UFC will punish its superstar ... but only after a New York City court weighs in on him first.

isis-killer-beheading-video-story-top Sole Armenian premier candidate calls for protests after losing vote
May 02, 2018 - 01:53
Republican deputies accused Pashinyan of exploiting the young people who have been his core supporters. On the same day, Armen Sarkissian, Armenian president accepted the government's resignation.

isis-killer-beheading-video-story-top How Kate Middleton pronounces her son Prince Louis' name
May 02, 2018 - 01:48
The newlyweds now reside at Kensington Palace. "The baby will be known as His Royal Highness Prince Louis of Cambridge". The royal daughter had some practice as a bridesmaid for her aunt Pippa Middleton, who Wednesday last May.

isis-killer-beheading-video-story-top Dominican Republic ambassador makes personal apology over diplomatic cut with Taiwan
May 01, 2018 - 12:48
China's bullying is raising alarms in the US , which is obligated to help Taiwan defend itself under the Taiwan Relations Act. Taipei also "strongly condemns China's objectionable decision to use dollar diplomacy to convert Taiwan's diplomatic allies".

isis-killer-beheading-video-story-top Barnier bids to quell Border fears as Foster goes missing
May 01, 2018 - 12:47
He insisted he had followed correct protocol by informing the Northern Ireland Office (NIO) of his plans with 24-hours notice. He said during the visit he saw some checks and controls were still visible on the border waiting to be dismantled.

isis-killer-beheading-video-story-top BD wants China, Russia, India, Japan to help resolve Rohingya issue:PM
May 01, 2018 - 12:46
The team members will conclude their three-day visit to Bangladesh on Monday, when they leave for Myanmar. The deputy U.S. ambassador to the UN, Kelley Eckels Currie, described the visit as "quite overwhelming".

isis-killer-beheading-video-story-top Fitbit shares sprint higher on new Google alliance
May 01, 2018 - 12:46
It will also provide better tracking through FIT's other services, such as Twine Health. Fitbit is teaming up with a big tech company to step into the health care world.

isis-killer-beheading-video-story-top Bills trade up and select Wyoming quarterback Josh Allen
May 01, 2018 - 12:42
However, he spent much of draft day answering questions about tweets with racial slurs he sent while in high school. He was very embarrassed, is probably the right word. "( Allen's ) deep ball is unlike anything I've ever seen.

isis-killer-beheading-video-story-top Turnbull Government pledges $500 for Great Barrier Reef restoration
May 01, 2018 - 12:41
Before 2016, there had only been two bleaching events along the Great Barrier Reef in the past two decades, in 1998 and 2002. The plan is optimistic to improve the health of the corals and also monitor the health of the reef overall in the future.