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Apple projects a T3 higher than the consensus



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SAN FRANCISCO, April 30 (Reuters) – Apple expects sales in the third quarter to be higher than expected and CEO Tim Cook said iPhone sales are beginning To stabilize in China, a sign that the price decreases in place may limit the decrease in sales.

Apple expects a turnover of 52.5 to 54.5 million dollars in the third quarter of June, surpassing the consensus that it grants to 51.93 million dollars, according to Refinitiv IBES data.

Tim Cook told Reuters that iPhone sales had begun to improve in the last weeks of the second quarter of the previous year, with the trend also in China.

"It makes us think that things are a bit better," he said.

The Apple group also reported results per share of 2.46 dollars in the second quarter, surpassing the consensus of 2.36 dollars and revenues of 58.02 million dollars (consensus: 57.37). billions).

IPhone sales reached $ 31.05 million, slightly below the consensus ($ 31.106 million), according to FactSet.

Service revenues, which include Apple Music and the App Store, reached 11.45 million US dollars, which exceeded the FactSet consensus to 11.32 million dollars.

Apple has faced a slowdown in iPhone sales in key markets such as China, experiencing its first annual drop in sales during the holidays.

This is explained by the fact that the iPhone is expensive and the competition of Huawei Technologies, Xiaomi, Oppo and Vivo; They all sell cheaper phones with features similar to those on the iPhone.

But the price adjustments, the drop in Chinese iPhone taxes and the financing proposals allowed iPhone's sales to be recovered at the end of the quarter, according to Cook.

Apple said that it has 390 million subscribers to its services attached to its equipment, whether internal or subcontracted. The target is 500 million subscribers by the end of 2020.

For nomadic products, Apple also surpassed the consensus, with a turnover of 5.13 million dollars versus 4.79 million estimated by FactSet.

Apple finally announced that the board of directors authorized the release of $ 75,000 million for the repurchase of securities, as well as a 5% dividend increase.

Wilfrid Exbrayat for the French service

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