Apple reports rapid sales growth even if China Business is cooled

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On Thursday, Apple introduced a reliable increase in income when the company reinforces the most violent few months of navigating the fall of President Donald Trump’s tariff war with China.

The company reported a profit of $ 95.4 billion per quarter, which ends on March 29, which is 5 percent a year and just above the 94.6 billion consensus estimate. Net profit amounted to $ 24.8 billion, as well as minor estimates of $ 24.5 billion and 5 percent over the same period for the previous year.

The results reflect the period before Trump announced its tariffs on “release” on April 2, which sent Apple The stock slid. The iPhone manufacturer, with the supply networks concentrated in Asia, is strongly exposed to a trade war with China.

Apple’s iPhone’s revenue amounted to $ 46.8 billion, 2 percent a year.

China’s revenue has declined slightly to $ 16 billion, which is 2.4 percent, which reflects the competitive problem with which Apple has faced local smartphone producers in the last quarters. Its services, which includes the App Store, iCloud and Apple Pay, continued to show heavy growth, increasing 12 percent to $ 26.6 billion.

On Thursday, Apple shares fell by 2 percent.

Apple Chief Financial Director of Apple Kevan Pareh told The Financial Times that there were no signs of short -term humiliation of consumer demand ahead of April.

“In the March quarter, we do not believe that we saw any strong evidence of demand for pulling, which influenced our results,” Pareh said.

According to him, Apple is “stubbornly working to optimize the supply chain and inventory” during the quarter to mitigate the potential effects of tariffs.

In China, the company noted the improvement compared to the previous quarter in its results, Pareh noted when the sales are “approximately” when adjusting foreign currency changes. Sales in China Apple have declined by 11 percent a year in the past quarter.

Apple has stopped offering written instructions during the coronerus pandemic but investors seek to understand how trade tensions can affect Apple’s business in the coming months and can it eventually increase its prices.

In her initial Apple’s response to growth Collecting an iPhone in India to avoid the coolest tariffs.

While the administration has temporarily released smartphones from 125 percent “return” tariffs in China, Apple is still affecting the existing 20 percent tariff on Chinese imports.

This year, it can also see additional tariffs for the results of the National Security Investigation and Electronics Products that contain them.

Apple’s Board has approved a 4 -percent increase in dividends and up to $ 100 billion in stock ransom, overall in accordance with the previous year.