Apple announced its financial results for Q3 of 2017, once again breaking the expectations of financiers. IPhone sales in spite of all allegations and small queues in front of stores are booming. Good financial results are also due to the company's evolving services such as Apple Care, Apple Play and Apple Store in particular. Revenue coming from China has grown significantly since the company has decided to focus on the Chinese market.
Taking into account the emerging markets from Apple, there is a very strong customer base in India, and it is only a few years before China's sales to reach China.
The company managed to realize EPS of $2.07 vs. $1.87, and the company's revenue rose to $52.6 billion. compared to $50.8 billion. expected.
We still expect the iPhone X, which will be released on Friday, and for this reason, today's reports have failed to reflect the demand for that particular model.
The company's shares closed today's trading at $168.11 and the Aftermarket was traded at $173.95 or 3.44% higher, with market capitalization exceeding $900 billion.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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