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)
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.

News Comment

Today's Industry

The President Director of PT Trimegah Sekuritas Indonesia Tbk (TRIM), Philmon Tanuri (left) delivered remarks at the kick off of Trimegah's collaboration with IA SBM-ITB in Jakarta on Wednesday (05/06/2024).

Jumat, 07 Juni 2024 - 19:43 WIB

Trimegah Sekuritas Supports Ikatan Alumni SBM-ITB to Realise Lifelong Learning Mission

In order to realise its mission of “Educate and create wealth for community through unique and professional investment experience”, PT Trimegah Sekuritas Indonesia Tbk (TRIM) collaborates…

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…