The iPhone maker despite the bleak prospects in the smartphone market.
(Photo: AP)
san francisco An increasing demand for smartphones brought Apple a quarterly result above market expectations. According to the information, sales of the US electronics group fell by 2.5 percent to $94.84 billion. However, analysts had feared a minus that would be almost twice as high. The forecast decline in profits did not materialize at all. Surplus was unchanged at $1.52 per share.
Despite the bleak prospects for the smartphone industry and contrary to expectations, Apple increased revenue from iPhones by 1.5 percent to $51.33 billion. “We’re seeing record numbers of iPhones in use across all geographies,” said CEO Tim Cook. Demand has increased particularly strongly in emerging countries such as Brazil, India and Mexico.
On that basis, Cook announced a dividend of $0.24 per share and a $90 billion share buyback. Apple shares then rose 2 percent in after-hours trading in the US.
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