Research firms IDC and Strategy Analytics this week reported that the Cupertino tech giant lost its second-place spot in the global smartphone market to China's Huawei during the second quarter of 2018. Much of Apple's supply chain is in China, and the mainland country accounts for the company's second-largest source of revenue, according to FactSet, behind only the U.S.
"We're thrilled to report Apple's best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth", he said.
Shares of Apple rose 4 percent after-hours Tuesday. CEO Tim Cook said that while the company's products hadn't been hurt by tariffs imposed so far, Apple is still examining the impact of proposed US tariffs on $200 billion worth of Chinese goods.
"Each country can only prosper if the other does", he said.
Cook said Apple Music has more than 50 million users when free trials are counted and hinted at the company's video content efforts.
Cook also said he wasn't fazed at the maturity of the smartphone market, which IDC said shrank 2 percent 342 million units in the quarter.
Analysts are predicting iPhone sales to be up slightly on past year, but revenue to rise further thanks to the higher price of the iPhone X, which Apple said, when announcing its last set of results, was its best-selling phone.
"The lesson Apples management has learned from the iPhone X, is when you sell a smartphone for more than $1,000 you can sell fewer units and still reap the financial benefits", said analyst Thomas Forte from D.A. Davidson & Co.
Services: Investors have been watching closely as Apple ups its software and services revenue - a catch-all category that includes the App Store, Apple Care, Apple Pay, iTunes and cloud services.
Apple also reported a 37 percent increase, to $3.7 billion, in the division for miscellaneous hardware, including Apple Watch and the HomePod smart speaker.
A key area for Apple in its results will be iPhone sales - the company's flagship device.
Analysts polled by Bloomberg expect the tech giant to post earnings of $2.16 per share on revenue of $53.31 billion. But Apple saw revenue declines in both the iPad and Mac computers.
Samsung came in first during the period with 20.4 percent global market share, followed by Huawei with 15.5 percent, and Apple with 11.8 percent, Strategy Analytics said.
Apple forecast revenue of $60 billion to $62 billion for its fiscal fourth quarter, beating the $59.6 billion analysts had expected, according to data from Thomson Reuters I/B/E/S. Analysts surveyed by Zacks had expected revenue of $58.59 billion.
The South Korean leader is due to visit Pyongyang next month for what will be his third meeting with Kim this year. He added: "In the meantime I would like to send my warmest regards and respect to Chairman Kim".
Upon notice of McCain's death, Trump tweeted, "My deepest sympathies and respect go out to the family of Senator John McCain ". The White House flag-lowering that lasted less than 48 hours breaks from precedent that it is lowered until burial.
According to a local news website , a crash happened on Thursday evening (Aug 23) in San Diego during the rush hour commute. Dominic Pizarro, 22, the woman's son, identified her as Aileen Pizarro , 43, and his sister as Aryana, the newspaper said .
Musk said earlier this month the company's "default plan" would be to fund that expansion by borrowing money from Chinese banks. But the judge said shareholders failed to show that Tesla needed to be clearer that Model 3 production could fall short.
Ted Kennedy of MA died in 2009, President Barack Obama ordered flags at the White House be flown at half-staff for five days. At Truc Bach Lake, which is situated in the middle of modern-day Hanoi, there is a memorial that bears McCain's name.
Over 2.09 lakh non-income tax filers filed their returns and there was an 18 per cent increase in tax revenue, he told reporters. However, this is more than double the amount of Rs. 3,421 crore that was spent in the previous year (July 2016 to June 2017).
The Champions League draw starts at 7pm United Kingdom time on Thursday, with Liverpool now knowing their pot . The Champions League draw is now settled after the last round of play-off games on Wednesday night.
A search of Lopez's property, including the vacant building where the KFC was previously located, exposed the cross border tunnel. Officials believe the tunnel between San Luis, in Arizona, and San Luis Río Colorado, in Sonora, was used for smuggling drugs.
However, it looks like Microsoft may be going all-in on the subscription gaming model much sooner than that. It is interesting that this is a Microsoft special but is being financed through a Dell Preferred Account .
Prince Harry and Meghan Markle , who perhaps are waiting for the firstborn, got a dog a few months after the wedding. Harry and Meghan's path, in that way, follows that of Harry's brother, Prince William, and Kate Middleton.
As part of this, we plan to contact every Thomas Cook customer that has returned from staying at the hotel in the last three days. Revenues have improved in recent months, however, jumping 83 percent in the first quarter of 2018 to $2.2 billion (£1.7 billion).
Sheriff IDs 2 men killed at gaming tournament
The Howard County Police Department declined to release the reports from a number of the incidents, citing statutory restrictions. There are reportedly 11 other people that were injured in the shooting, which occurred during a Madden NFL 19 tournament.
Sacha Baron Cohen Interviewed OJ Simpson
While Palin didn't technically appear on the show, her name did end up making it into the final credits . LaVergne told ABC News on Monday that Simpson is actually a fan of Cohen's and has been for some time.
Trump Suggests US Close to 'Big' Trade Agreement With Mexico
S. talks have been complicated by divisions between the incoming and outgoing Mexican administrations over energy policy. Long sceptical of foreign companies entering the Mexican oil industry, Lopez Obrador opposed Pena Nieto's energy reform.
EPL: Sarri reveals problem with Chelsea players
The rumours are still being circulated on Twitter, with journalist Mootaz Chehade also noting their interest. Sarri has the Blues playing some lovely football and Newcastle are yet to find their groove this season.