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Apple said it would start providing regular updates on the number of iPhones and overall devices in use – what is known in the tech industry as the installed base. The company stopped reporting unit sales of its iPhones the latest quarter. Apple counts both subscribers to its own services as well as Apple device users who subscribe to outside apps or services using Apple’s payment systems. Apple keeps up to 30 percent of the payments it handles. Apple’s iPhone revenue declined 15 percent year-over-year to $51.9 billion white cufflink shirt. Cook said China’s economic weakness hurt iPhone sales there..
He said Apple is rethinking how it prices the iPhone outside the United States after largely setting the price in U.S. dollars, which made the phones more expensive in local currencies as the dollar strengthened white cufflink shirt. In markets with currencies that weakened considerably against the dollar over the last year, iPhone price “increases were obviously more,” Cook told Reuters. “And so as we’ve gotten into January and assessed the macroeconomic condition in some of those markets, we’ve decided to go back to more commensurate with what our local prices were a year ago in hopes of helping the sales in those areas.”..
Apple said it expects revenue between $55 billion and $59 billion for the current quarter ending in March, largely below analysts’ average estimate of $58.83 billion, according to IBES data from Refinitiv. For the quarter ending in December, the company’s busiest due to the holiday shopping season, Apple reported revenue of $84.3 billion, slightly above analysts’ average estimate of $84 billion white cufflink shirt. Apple warned in early January that sales would miss the targets it gave in November..
Earnings per share were $4.18, compared with Wall Street’s average estimate of $4.17, according to Refinitiv data. Investors have been closely tracking the company’s share repurchase activity in hopes that it will help buoy the falling share price, which has knocked Apple off its throne as the world’s largest technology company with a market value of more than $1 trillion. Apple said it bought back $8.2 billion worth of shares in the quarter ended in December, less than half the $19.4 billion it purchased in the quarter ended in September. Apple said its net cash position – cash minus its debt – was $130 billion, up from $123 billion in the previous quarter. Apple has publicly said it plans to draw its net cash position to zero white cufflink shirt.
CHEMNITZ, Germany (Reuters) – With Brexit less than two months away, and no divorce deal in sight, some German companies are taking matters into their own hands to limit any damage to their businesses white cufflink shirt. The small and mid-sized firms – albeit a small minority – say they can’t wait any longer to see what agreement, if any, will emerge between London and Brussels. They are taking steps to protect themselves should a chaotic British withdrawal lead to traffic tailbacks, heavier customs bureaucracy and rising delivery costs after March 29, the planned break-up date..