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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Wednesday, April 29, 2015

Apple Expects Strong Growth to Continue


Apple forecast its revenues will rise by between 23% and 28% year-on-year in the quarter ending June 28 to between 46 billion and 48 billion US dollars. In the quarter ending March 28, Apple's revenues rose 27% year-on-year, fuelled by a 55% increase in iPhone revenues, more than offsetting a 29% decline in iPad revenues.

“We’re seeing a higher rate of people switching to iPhone than we’ve experienced in previous cycles, and we’re off to an exciting start to the June quarter with the launch of Apple Watch,” said Tim Cook, Apple’s CEO. source: Apple statement

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