Apple's Sales Increasing Amid The Smart Phone Demand Drop
By : Dina Astria And Aldo Bella Putra | Thursday, May 03 2018 - 17:30 IWST

iPhone X (Foto Ist)
INDUSTRY.co.id - United States - Electronics and gadget companies, Apple Inc. reported sales of iPhone smartphones that continue to rise amid declining demand for smart phones around the world. Company profits also increased and made Apple will buy back shares of US $ 100 billion.
Quoted by Reuters, Wall Street's prediction is lower than usual; the article appears the prediction that iPhone demand is dropped after the release of the iPhone X with an expensive price. This proves that Apple successfully meet the prediction of Wall Street in the first quarter of 2018.
IPhone sales reached 52.2 million units, this total almost met Wall Street's target of 52.3 million units. This figure is much better than last year's sales of 50.7 million units.
Meanwhile, in March, Apple had buyback their stake of US $ 23.5 billion. The company also plans to raise dividends by 16 percent compared with a dividend of 10.5 percent last year.
"We will return the money to investors as we have promised," Apple Chief Financial Officer Luca Maestri told Reuters.
Quoted from Thomson Reuter’s data, Apple posted revenues of US $ 61.1 billion in March. This figure rose from US $ 52.9 billion last year and surpassed Wall Street's expectations of setting a target of US $ 60.8 billion.
In addition, other Apple service businesses such as Apple Music, App Store and iCloud posted revenues of US $ 9.1 billion, compared to expectations of US $ 8.3 billion.
Read Also
Global Broadband Speeds Plummet During COVID-19 Lockdown Periods
Telkomsel Strengthens Network Ahead of IMF-WB Meeting
Samsung Introduces New Family Smartphones from the Galaxy J Series,…
Vivo Officially Launches Exclusive Edition of V11 Pro
Samsung Introduces Smart Phones With Three Rear Cameras, Galaxy A7
Today's Industry

Jumat, 02 Juni 2023 - 17:40 WIB
Huawei ICT Competition 2022-2023 Global Final Held in Shenzhen — 146 Teams from 36 Countries and Regions Win Awards
The Huawei ICT Competition 2022-2023 Global Final concluded in Shenzhen, drawing to a close the seventh installment of this competition.

Jumat, 02 Juni 2023 - 15:50 WIB
CleverTap launches local deployment of its SaaS platform in Indonesia
CleverTap, the leading global B2B SaaS platform for customer engagement and retention, has made its platform available within Indonesia through data centers hosted on Amazon Web Services (AWS),…

Jumat, 02 Juni 2023 - 15:10 WIB
Inaugurated by the President, the Kretek 2 Bridge Strengthens the Java Southern Route
RI President Joko Widodo (Jokowi) inaugurated the Kretek 2 Bridge, Friday (02/06/2023) morning, in Bantul Regency, DI Yogyakarta. This bridge will support the Southern Cross Road (JJLS) which…

Jumat, 02 Juni 2023 - 14:00 WIB
President Jokowi: Pancasila is the Foundation of Indonesia's Success in Facing Global Challenges
In the midst of the global crisis, Indonesia is one of the few countries that has succeeded in maintaining economic, social and political stability as well as controlling inflation, growing…

Jumat, 02 Juni 2023 - 13:30 WIB
President Encourages Acceleration of Electric Battery Ecosystem Development
Indonesian President Joko Widodo (Jokowi) encourages the acceleration of investment realization for the development of the electric car battery ecosystem which will be carried out in the Bantaeng…
News Comment