Apple reports its Q4 earnings

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It's the smallest revenue category for Apple, so it's easier to make big percentage gains in that fashion, but it does point to strength in the company's smaller products. Device sales reached 46.677 million for iPhone, 10.326 million for iPad and 5.386 million for Mac.

Apple said it sold 46.7 million iPhones in the fourth quarter ended September 30, above analysts' estimates of 46.4 million, according to financial data and analytics firm FactSet.

With this fall's blockbuster launch of three new iPhones, including the dramatically redesigned iPhone X, most Apple-related attention is on the company's smartphone line.

Apple edged closer to a $1 trillion valuation today as the technology giant's quarterly earnings blew away expectations, pushing its share price to a new high in after-hours trading. The Whisper number is the Street's unofficial view on earnings.

Apple forecast fiscal first-quarter revenue of $84-87 billion. However, a lot of people queuing up outside Apple stocks leaked over the preceding various years with various customers preferring to buy online, the limited production for the iPhone 8 has noticeably been due to secondary reports.

This strong performance led to total revenue of $52.6 billion, up 12 percent from one year ago; net income of $10.7 billion was likewise up 19 percent year-over-year.

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Although Apple never splits out sales by individual model, CEO Tim Cook said that the iPhone 8 is the most popular new iPhone to date and that the iPhone 8 Plus got off to the fastest start of any Plus model.

But investors will also be looking for color on the iPhone X, Apple's most expensive iPhone, which goes on sale on Friday. The iPhone 8 went on sale a week before the end of the September quarter, and contributed to fiscal fourth-quarter results.

The iPhone is the main profit driver for Apple, accounting for more than half its revenues, and importantly is the cornerstone for the ecosystem of other devices and services. "So, if the launch is tomorrow, the iPhone X units will arrive tomorrow or later tonight", a senior Apple executive told IANS.

Analysts interviewed by AFP see signs of strong demand for iPhone X, perhaps fueled by the company's famously devoted fans who have shunned freshly released iPhone 8 models to wait for the 10th anniversary device.

GBH Insights analyst Daniel Ives said strong worldwide demand for the new smartphone, along with "complex production issues", meant the iPhone X would remain in short supply until April or May next year.

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