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Apple is projecting massive holiday sales of its latest iPhones

The Verge Thursday, 2 November 2017
Apple is projecting massive holiday sales of its latest iPhonesApple expects to sell a lot of new iPhones over the holidays, and customers were clearly waiting for a new generation of devices before opening their wallets. The company reported its fourth quarter earnings today, and iPhone sales were up just two percent. But the company is projecting a massive quarter to start 2018, forecasting upwards of $84 billion in sales.

The company brought in $52.6 billion in revenue for the quarter, with net income of $10.7 billion. Sales of Macs and iPads were both up by more than 10 percent from the same period last year, while iPhone sales were up only slightly. Luckily for Apple, revenue from its services and other products division both grew at more than 30 percent year over year, helping boost the...
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Source: Wochit Business - < > Embed
News video: Apple's iPhone X Brings Long Lines Worldwide

▶ Apple's iPhone X Brings Long Lines Worldwide 00:39

SYDNEY/BEIJING (Reuters) - Long, snaking lines formed outside Apple Inc stores in Asia early on Friday as fans flocked to buy the new iPhone X, a turnout that contrasts with the more lackluster launches for the past two iterations of the premium smartphone. Strong initial demand underscores Apple’s...

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