Apple stock soars to a record high on great earnings and a strong forecast for the next iPhone - News Summed Up

Apple stock soars to a record high on great earnings and a strong forecast for the next iPhone


Purchases of the current iPhone 7 held steady, while sales of the Mac and iPad saw an unexpected revival. The company said it expects to make between $49 billion and $52 billion in its next, crucial sales quarter. But the company offered a rosy outlook, saying it expects to make between $49 billion and $52 billion in its next, crucial sales quarter. Any disruption of iPhone sales could be damaging to Apple, which has counted on strong smartphone sales to weather problems in the past. But the lion's share of the company's money is still tied to the iPhone, which accounts for nearly 55 percent of its sales revenue.


Source: Washington Post August 01, 2017 18:40 UTC



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