Apple Enjoys An Amazing Third-quarter

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Apple has posted a record third quarter as soaring demand for iPhones sent profits higher.

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Apple proves its mettle as the technology giant by selling  47.5 million iPhones.  It is an amazing annual increase of 35% while Mac computer could only notch up 9%  by selling 4.8 million pieces.  The third-quarter is a slowest selling period for iPhones because the customers would rather wait for new models to enter the market.

Profits increased by 38% to $10.7bn (£6.87bn) while revenue shot up by 33% to $49.6bn.

But, shares fell by 6.7%, or $8.85, to $121.89 at the New York after-market trading. Because of the lower revenue forecasts for the fourth quarter heavy dependence is on iPhone sale.

BBC Credit Link 

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