Apple Loop Update: Internal Sales Forecast Unmet; China's iPhone Demand Did Not Push Sales Up, Lowest Since 2011; Mac Consistent with $5.7 Million Sold Units

Posted by Staff Reporter ( on Nov 01, 2015 11:21 PM EST
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SAN FRANCISCO - JUNE 28: Apple CEO Steve Jobs delivers the keynote address at the 2004 Worldwide Developers Conference June 28, 2004 in San Francisco, California. Jobs announced the 2005 release of OSX Tiger and a new line of flat panel cinema displays including the first 30-inch model designed for the personal computer.
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Apple Loop includes news about the company's quarterly results, the stellar performance of its Mac, the brains behind the development of the iOS 9.2, the ongoing and interesting story of Apple Music, a carrier billing trial in Germany, the peevish Siri, no scales for the iPhone 6S, as well as the questions from an Apple Job Interview.

Apply Loop is your go to spot when it comes to the several, different discussions that have happened in the past seven days involving the giant tech company.

Forbes' Miguel Helft responded on the net sales results and the subsequent conference call, Tuesday. According to Apple, the net income has skyrocketed to a whopping $11.2 billion or $1.96 per share in the last quarter, which ended last Sept. 26. This is undeniably quite bigger as compared with the $8.47 billion or $1.42 per share in the previous year. The net sales increased to $51.5 billion or 22 percent from the previous year.

Apple analysts from outside the company, however, were anticipating slightly higher earnings of $1.88 per share on average revenue of $51.1 billion, Forbes reported. This is indeed a little higher than the $49 billion and $51 billion of the company's internal forecast.

Apple's gross margin increased to $39.9 from $38 a year earlier and topping forecasts of between 38.5 percent and 39.5 percent.

Analysts are now questioning Apple's performance and its ability to reach higher numbers in the future, focusing on iPhone's great demand in China. Though the sales have doubled in China, economic instability may also contribute to reduced sales in the future.

Apple Mac, on the other hand, has never died. During the quarterly earnings call last Oct. 27, Tim Cook, announced there were $5.7 million Macs have been sold, which is one million higher than the previous quarter, QZ reported. The iPad sales, on the other hand, was reduced to the lowest level ever since June 2011.

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