(MENAFN– ecpulse)
Apple Inc.; an American multinational corporation headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software and personal computers, has once again released results topping estimates.
And this time as well the high-tech company made it efficiently on a financial scale as its IPhone sales remain strong on a global scale and especially that it was available through China’s largest wireless carrier, China Mobile Ltd,earlier this year.
In fact IPhone sales were 43.7 million, topping analysts’ estimates of 37.7 million while that the company also added after the release of such profits that t will expand its shareholder payout program, increasing its share repurchase authorization to $90 billion from $60 billion and announcing a seven-for-one stock split.
Accordingly the company reported today a net income of $10.2 billion or $11.62 a share from actually $9.55 billion or $10.09 a share a year ago.
As for its sales were $45.6 billion from actually $43.6 billion a year earlier whereas analysts projected net income of $9.1 billion or $10.17 a share and sales of $43.5 billion.
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