Apple last night forecast sales for the crucial holiday shopping quarter that beat Wall Street expectations, with chief executive Tim Cook saying that new iPhone 11 models were off to “a very, very good start” as sales of AirPods, Apple Watches, and streaming services continue to rise. The forecast comes as Apple said it generated $33.36bn billion in iPhone sales for its fiscal fourth quarter ended in September, which compares with analyst expectations of $32.42bnbillion, according to Refinitiv data. The results mark the fourth straight quarter of year-over-year declining iPhone sales as the company. The above-expectations forecast for the holiday shopping quarter — traditionally Apple’s biggest sales quarter of the year — suggested that Apple’s price cuts on many iPhones were helping it regain momentum. Apple now has 450 million subscribers to its own or third-party services on its devices, and sales of wearables were up 54% versus the previous year.

Source: Irish Examiner October 31, 2019 05:37 UTC