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Apple exceeds expectations with its iPhones

(AOF) – Apple presented results a little better than expected thanks to its iPhone. The Apple firm generated net income of $19.44 billion, or $1.20 per share, in the third quarter, which ended at the end of June, compared to $21.74 billion and $1.30 per share, respectively. one year earlier. Earnings per share beat the Bloomberg consensus by 4 cents.

The turnover for its part increased by 2% to reach 82.96 billion dollars. It is also above market expectations: $82.8 billion.

This outperformance, the Cupertino company (California) owes it to the success of its iPhone. Revenues from its star product exceeded expectations despite supply difficulties. It saw its sales increase by 5.5% to 40.67 billion dollars while analysts were targeting 39 billion dollars.

Mac revenue fell 10.3% to $7.382 billion and iPad revenue fell 2% to $7.22 billion.

For their part, the services, which include in particular the App Store, iCloud and iTunes, saw their sales increase by 12% to reach 19.60 billion dollars.

“Wearables”, that is to say essentially connected watches, saw a decline in revenues of 7.9% to 8.08 billion dollars.

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