Apple said revenue in the three months ending in March will be $60 billion to $62 billion, also missing analysts’ expectations. Photo: BloombergSan Francisco: Apple Inc. quelled investor concern with results showing solid demand for its flagship iPhone X and a pledge to put its cash hoard to work in buybacks, dividends and acquisitions. Apple said revenue in the three months ending in March will be $60 billion to $62 billion, also missing analysts’ expectations. “IPhone X was the most popular phone and since we launched it in early November, for every week it’s been the top selling iPhone,” Apple chief executive officer Tim Cook said in an interview. The results show Apple is successfully continuing its march to services revenue of roughly $50 billion by 2020.

Source: Mint February 02, 2018 03:22 UTC