Tech giant Apple has released its October-January quarter financial results. There was no improvement in the company’s profits. This time Apple has earned a flat profit of 13.1 billion dollars. And soon after the news broke, the US technology company gained 9%. Decreases.The iPhone maker’s earnings in the last quarter were not lower than expected, however Apple Their sales volume is expected to be a little lower in the days ahead of this year. This is the main problem. Investors are fearful of a drop in sales of Apple products.
Apple sold a record 51 million iPhones and 26 million iPads in the October-January quarter. The CEO of the company is Tim Cook In the statement Expressed satisfaction for this. In addition, the company’s sales revenue in 2014 is forecast to amount to 42-44 billion dollars. But investors are expecting more.
As a result of the recent agreement with China Mobile, China’s huge smartphone market has entered deep Apple. As a result, Apple’s sales in the greater China region have increased by 29%. In December last year, Apple signed a deal with China Mobile, the world’s largest mobile phone network, a key financial influence in the eyes of industry analysts.
Apple said its sales in the rest of Asia-Pacific fell 9% and that fluctuations in currency exchange rates had a negative impact on profits.
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