Tuesday, October 21, 2014

APPLE TAKES ON SAMSUNG IN KOREA–AND NO BAD CORE WITH APPLE POSTING A WIDENING EARNINGS OVER SAMSUNG WITH $42.1 BILLION IN SALES WITHOUT THE CHINESE MARKET YET POSTING

Apple is widening its lead over rival Samsung with third-quarter sales of US$42.1 billion and a net profit of $8.47 billion. It was the highest-ever third-quarter earnings for Apple.
Sales rose 12.4 percent on-year and net profit 12.9 percent.

The higher-than-expected earnings were led by soaring sales of the iPhone 6 series, which Apple unveiled last month.

Apple said it sold 39.27 million iPhones in the third quarter, up 16 percent on-year and the highest ever third-quarter sales volume.
Even more impressive is that Apple pulled off the feat before it began selling the phones in China, the world's No. 1 market.

Apple only began selling the iPhone 6 series in China last Friday. Luca Maestri, Apple's chief financial officer, said sales of the iPhone 6 and 6 Plus there were far higher than sales of the iPhone 5 and 5S.

Apple is confident it can achieve record earnings in the fourth quarter, projecting them at between $63.5 billion and $66.5 billion. Its sales in the fourth quarter of 2013 totaled $57.6 billion.

http://english.chosun.com/site/data/html_dir/2014/10/22/2014102201602.html

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