Friday, November 3, 2017

Tech: "8 is Great" for Apple as iPhone 8 sales soar

So much for weak iPhone sales.
In a solid quarter ending Sept. 30, Apple sold 46.7 million iPhones — more than the 46.1 million expected.
In recent weeks, The Post and other media sites reported that sales of the iPhone 8, which hit stores Sept. 22, were less than amazing.
Customers, according to analysts’ reports, were opting instead for the discounted iPhone 7.
But no sooner did the mid-October reports surface than sales of the iPhone 8 exploded, according to Chief Executive Tim Cook.
The iPhone 8 “instantly” became Apple’s top-selling product line. And the 8 Plus has gotten off to the fastest start of any Plus model, Cook noted.
In its fiscal fourth quarter, the gadget Goliath reported earnings per share jumped 24 percent, to $2.07 — compared to estimates of $1.87.
Revenue in the period topped out at $52.6 billion, beating both Wall Street’s forecast of $50.5 billion and the company’s forecasted range of $50 billion to $52 billion.
“We’re happy to report a very strong finish to a great fiscal 2017, with record fourth-quarter revenue, year-over-year growth for all our product categories, and our best quarter ever for Services,” said Cook.
Other gadgets moved briskly as well. Apple sold 10.3 million iPads and 5.3 million Macs in the quarter, up 11 percent and 10 percent year-over-year, respectively.
The company did not release Apple Watch sales numbers, but said that the Watch line saw unit growth of 50 percent for the third straight quarter.

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