Releasing the results of the quarter on April 1, Apple has achieved better growth in its revenue than expected. The shares of the company have also increased by 2 percent. The company told that the sale of the iPhone has increased to Rs 419100 crore.
American tech giant Apple on Thursday gave information about revenue and profit for the April 1 quarter. The company said that these figures have come better than expected. According to the market value, the share prices of Apple, America’s largest company, have increased by 2 percent.
The gross profit margin will be better
Apple officials said that the company’s gross profit margin will improve in the current quarter, as the supply chain has improved. The company, ahead of its April 1 quarter results, had forecast subdued gross profit margins in the current quarter.
Sales increased by 2.5 percent
Apple said sales for its second quarter ended April 1 fell 2.5 percent to $94.8 billion (roughly Rs. 7,74,400 crores), ahead of expectations for a 4.4 percent decline, according to Refinitive data.
iPhone sales increased by 1.5 percent
The company reported that iPhone sales rose 1.5 percent to $51.3 billion (roughly Rs. 4,19,100 crores), beating expectations for a 3.3 percent decline.
Thank you Indian customers
Apple CEO Tim Cook told news agency Reuters in an interview that the company had recorded record sales of iPhones in the fiscal second quarter. Cook also thanked Indian customers for buying the iPhone in such large numbers.
Let us tell you that Tim Cook had recently come on a tour of India. Here he inaugurated India’s first Apple Store in Mumbai.
Loss in Mac and Wearables
Apple’s wearables business, including AirPods and the Apple Watch, saw a 1 percent decline, while Mac sales fell 30% over the company’s projected 25 percent. This was due to a decrease in sales in the Apple Watch and AirPods.
