November 14, 2024

Month: January 2020

Apple becomes the world’s number 1 Smartphone Maker

Apple is again the world’s No.1 smartphone maker. According to the latest research from Strategy Analytics, global smartphone shipments held steady at zero growth to reach 375 million units in the fourth quarter of 2019. Apple grabbed first position with 19 percent global smartphone market share, Samsung claimed second position, while Huawei dipped to 15 percent share in third place. Full-year smartphone shipments totaled 1.4 billion units in 2019.

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For the first time, Apple made over $1 Billion a day last Quarter

Apple on Tuesday posted record results for the final three months of last year delivered by gains in iPhone sales even as the company transitions to digital services and wearables… Net profit hit an all-time high of $22 billion on record quarterly revenue of $91.8 billion, the tech giant said of the results which were far stronger than most analyst estimates.

Revenue was “fueled by strong demand for our iPhone 11 and iPhone 11 Pro models, and all-time records for services and wearables,”[Apple CEO Tim] Cook said. Apple’s net income in the holiday quarter ending December 28 set a new record for the California-based company, according to chief financial officer Luca Maestri…

Revenue for its smartphone sales was up nearly eight percent in the quarter at $55.9 billion. Services revenue rose 17 percent from a year ago to $12.7 billion, driven by the launch of its Apple TV+ service and its new credit card. Paid subscriptions to Apple services hit 480 million in December, causing the company to expect to eclipse its 500 million target in the months ahead and eye hitting 600 million by the end of this year.

Via: AFP

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