The company, known for giving conservative estimates to investors, said on Tuesday after announcing its third-quarter results that its gross margin is expected to be between 37 per cent and 38 per cent.
In the third quarter, Apple made a net profit of
Compared to the same period last year, Apple made a profit of
"Our record June quarter revenue was fuelled by strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem, driving our highest EPS growth rate in seven quarters,"
He said Apple is incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can't wait to introduce.
Apple revealed that the company made 29 acquisitions since the fiscal year began nine months before, though many of purchases remain undisclosed.
"We have now taken action on over
America contributed 38.94 per cent to the total revenue, followed by
The company sold 35.2 million iPhones, 13.3 million iPads and 4.4 million Macs during the quarter globally.
Bajarin said that it is a good move from Apple to go for bigger screens, a trend started by Samsung which other manufacturers followed suit, to target the Asian region especially, as demand for phablet (smartphone-tablet combo) is very strong.
Apple expects the current quarter to be a very busy and very excited about what we have in the pipeline," Maestri said.
Apple is expected to unveil its 4.7-inch and 5.5-inches smartphone on
But research firm
Phablet demand slowly increasing
"Even though currently it is still just catering to a niche market, demand and the trend for phablets in the region are slowly increasing. With growing demand for smart phones, larger screen sizes and success of popular models like Samsung Notes 3, it will be interesting to see the growing competition in this domain. Apple too with the iPhone 6 is said to be heading in a larger Â€˜phablet' style direction. However, it is too early to say whether phablets will eventually replace a good chunk of both the tablet and smartphone categories,"
IDC cut its 2014 forecasts for the global tablet market to 246 million units — an increase of 12 per cent over last year but a slowdown from 52 per cent growth in 2013 — citing the challenge from phablets. Phablets now make up more than 10 per cent of smartphone shipments.
For the full year, the MEA market is expected to witness a rise of 38.7 per cent to 16.4 million tablets, compared to 11.8 million in 2013.
To spur iPad demand among the corporate segment, Apple announced a tie-up with
Coook said Apple sees "substantial upside" in the business technology market, as he touts the new partnership with
Apple's board of directors has declared a cash dividend of
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