Apple is making more money in India than ever

Apple itself sells Air Pods that's compatible with all Apple products including the MacBook

The other mainstays of the company's product portfolio didn't shift much from previous year, either. iPad sales jumped slightly to 9.1 million, though there's plenty of room for movement there - after all, this quarter doesn't take into account the recent launch of the 2018 iPad, a sequel to a device Apple spokespeople have called its most popular model.

However, Apple Chief Executive Officer Tim Cook said iPhone X is their company's best selling model.

Wearables has also jumped 50 per cent due to its wireless bluetooth AirPods and Beats headphones, the Apple Watch, and its digital speaker HomePod.

With Apple's earnings report for the March quarter now behind us, I think it's fair to say that iPhone X sales are healthier than perhaps many were anticipating. While the iPhone numbers represent slight growth for Apple, they don't match the performance some analysts and investors expected when the iPhone X launched a year ago.

Apple's revenue guidance for Q2 2018 fell between $60 billion and $62 billion, with gross margin estimated to be between 38% and 38.5%.

Along with the $100 billion share buyback, Apple also reported earnings per share growth of 30% to $2.73.

Apple Inc is putting a lot of energy in India with an aim to launch all its initiatives, including retail, in the country where it has an "extremely low" overall market share, the technology giant's CEO Tim Cook has said.

USA technology giant Apple saw its iPhone sales fall short of expectations in the second quarter, according to its earnings report released Tuesday.




Apple's share in the Indian smartphone market has stagnated to 3 percent over the recent quarters.

Apple is set to buy back stock starting in the June quarter, and said it had bought back $23.5 billion of stock during the March quarter, Reuters reports.

Other wins included Apple's paid services, including its App Store, Apple Pay, Apple Music and iCloud Storage, totalling up to $9.2bn.

iPhone X sales have been pressured by local competition in China.

Cook reiterated this point in an afternoon earnings call and noted that this is the first product cycle where a "top of the line" iPhone model was the most popular. Apple sold 9.1 million iPads, 52.2 million iPhones, and 4.1 million Macs during the quarter.

"So we're working toward those things". The iPhone gained share in the quarter based on IDC's latest estimates for the global smartphone market.

Along with the new authorization, the Board of Directors has also approved a 16% increase in the company's quarterly dividend. "With the greater flexibility we now have from access to our global cash, we can more efficiently invest in our USA operations and work toward a more optimal capital structure". Apple also increased its quarterly dividend to 73 cents a share from 63 cents.

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