Apple results soar in the first quarter but sales will fall between January and March – Jornal de Negócios – Portugal

Apple announced revenues of 75,900 million dollars in its fiscal first quarter, corresponding to the last three months of last year, which ended on 26 December. This was an increase from 74,600 million in the previous corresponding period, but a value below 76 500 million estimated by analysts, mainly due to the fact that iPhone sales have fallen short of expectations.

Sales of iPhones the company based in Cupertino increased between October and December to 74.8 million units, compared with an average forecast of 75 million made by analysts. However, sales of iPads were 16.1 units when the market expectation was 17.3 million.

already profit in the same period, reached a record $ 18, 4000 million (against 18 billion in the last three months of 2014, or $ 3.06 per share) – which corresponds to $ 3.28 per share when the estimate of market consensus pointed to a lower number: $ 3.23.

However, the projections for the second quarter fell short of analysts’ projections. Indeed, it is the first time since 2003 that Apple projects a fall in sales.

According to Apple, the second quarter sales are expected to be between 50 and 53 billion dollars when analysts pointed to 55.5 billion dollars.

This estimate of falling revenues, the first in 13 years, is mainly due to the evidence that the market for ” smartphones “is getting saturated, notes Bloomberg.

Luca Maestri, Chief Financial Officer of Apple, said the company is feeling the effects of an economic context” very different “throughout the world. Apple is starting to see some “softening” in China, especially in Hong Kong, Maestri stressed the technology of the statement.

In addition, the apple company is also beginning to see signs of slowing in Canada, Brazil and Russia. “There are many economies around the world are in recession,” he added.

The apple company follows the record some volatility in trading outside the regular schedule in New York. So who presented the results, came to shoot 3% but now follows with a more moderate rise of 0.40% to be worth $ 100.42 per share. For the year, lost 5%.