Apple announced on Tuesday 31 January, the first increase in iPhone sales from a year ago thanks to the success of the seventh version of its flagship product, a result hailed by an increase of more than 3% of its share in transactions not in session.
The u.s. group sold 78,29 million copies of the iPhone during the quarter October-December, the first of its fiscal year 2017, against 74,78 million on the corresponding period a year earlier. The financial analysts were forecasting on average sales of 77,42 million units, according to FactSet StreetAccount.
The results, the first to include sales of the iPhone 7 on the entire quarter, then that the global market for smartphones is showing signs of a slowdown in demand and that competition from devices running with the Android operating system remains strong.
The group is still highly dependent on its flagship product, which this year celebrates its ten years of existence and upon which more than two-thirds of its global turnover.
Analysts and investors expect that Apple introduces in the coming months a new version of the iPhone that could incorporate technological innovations such as wireless charging or an OLED screen.
The director general of the group, Tim Cook, said on Tuesday that demand was particularly strong for the iPhone 7 Plus with a larger screen than the basic version.
On October-December, the service activities of the group, which include the AppStore, Apple Pay, and iCloud, have registered a growth of 18.4% of their sales to 7,17 billion dollars, thanks to the commercial success of the games Pokemon Gb, and Super Mario Run.
analysts expect that the growth of this division will help to offset the inevitable weakening sales of smartphones, the global market is coming to maturity.
Strong growth in services
During a conference call, Tim Cook said to expect about a doubling of services revenue over the next four years.
“The services still obviously a success. This is one of the segments that are growing the fastest, thanks in large part to the AppStore,” commented Jan Dawson, analyst at Jackdaw Research.
a weak Point in the results, the turnover in the area of “Greater China” dropped by 11.6% year on year, to 16.23 billion. The chief financial officer, Luca Maestri, however, have said “encouraged”, highlighting the stability of sales in mainland China and their increase at constant exchange rates.
For the second quarter of the year, Apple expects to have a turnover of between a 51.5 and 53.5 billion, lower than the consensus, which gives 53,79 billion.
Luca Maestri, said that the strength of the dollar had weighed on the forecasting of sales.
The iPhone sales, they are expected to 53,43 million units in the second quarter, according to FactSet.
The first quarter ended in a net profit decline year on year at 17,89 billion (16,56 billion euros), 3,36 dollars per share, against 18,36 billion (3,28 $ /share) a year earlier. Analysts expected average earnings per share 3.21 dollars, according to the consensus Thomson Reuters I/B/E/S.
sales increased by 3.3% to 78,35 billion against 77,25 billion expected by the market.
In Exchange, at the close of Tuesday, Apple stock posted a gain of 14.7% since mid-November, nearly three times higher than that of the Dow Jones (+5.3 per cent).
(with AFP)
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