In 2017 Apple increased iPhone shipments. The number of shipped smartphones has reached 216,8 million units. It is reported Busness Insider.
Many analysts and Apple investors were convinced that the iPhone X will be in high demand and will increase the company’s revenues. But even before the launch of the iPhone X, Apple managed to increase smartphone sales.
At the end of the 2017 financial year (1 October 2016 — 30 September 2017), Apple sold 4.9 million smartphones more than in the same period in 2016. Last fiscal year ended for Apple’s first drop in iPhone sales. Some analysts said then about the end of the era of the iPhone, citing growing competition. But Apple proved the doubters wrong. Now the company hopes to maintain the rate on increase in sales thanks to the iPhone X.
For the fourth fiscal quarter, Apple became the first company with a market capitalization of more than $ 900 billion. Tim cook said that in the next quarter the company expects to receive an unprecedented profit of $ 84-87 billion.
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