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Apple expected to post a revenue of $51billion this quarter

27 October 2015 0

Timothy Arcuri, analyst at an investment firm Cowen and Company has said that Apple is expected to post a revenue of $51.5 billion this quarter. If it happens to be true, then it will account for an earning of $1.87 per share. As for sales of individual devices, the Cupertino-based tech giant is said to post sales record of about 50 million iPhones and 9.5 million iPads. Besides the current quarter, Arcuri also forecasted the numbers for the period ending this December. He said that Apple will be shipping about 80 million iPhones this holiday season with revenue growing up to $80.1 billion and per share earning up to $3.34.

These numbers are indeed huge for any company, but it should not come as a surprise when talking about Apple. The company has already broken the record of sales for iPhones during the first weekend. This year, it posted a record of selling 13 million iPhone 6s and 6s Plus within first three days of their launch as compared to 10 million last year.

One of the major reasons for such huge number of sales is that Apple launched its iPhones in China on the same day they were launched in the USA and other countries. Last year, Apple has delayed the launch in China. The craze of iPhones and other Apple products is not something new when it comes to China. There have been reports of Chinese people trying out everything they can to buy the Apple devices as soon as they can. There have also been reports of people selling their kidneys and kids just to get the products bearing the coveted Apple logo. This craze among people has also resulted in the opening of various fake Apple Stores in China that are selling Apple products for prices as high as double. the original.

Apple launched the iPhone 6s and 6s Plus earlier this year at an event held in San Francisco. They sport a display of 4.7-inch and 5.5-inch respectively. Both the iPhones come with various new features and improvements like a 12MP iSight camera, a 5MP FaceTime HD camera, and the latest A9 processor along with iOS 9. The new iteration of iOS also brings various cool features like the 3D Touch. It is the technology that senses the amount of pressure applied by the user on the display and performs various tasks depending on it. The iPhones are available in storage options of 16GB, 64GB and 128GB.



Apple expected to post a revenue of $51billion this quarter
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