This article was originally published at 2:15 p.m. tax changes gave Apple $163 billion of “dry powder” available to return to shareholders, in addition to the company’s ongoing cash generation.Ģ:55 p.m.: This article was updated with Apple’s sales and profit figures. Morgan Stanley analysts recently estimated that U.S. At the annual shareholder meeting in February, Cook said the company would likely continue raising dividends rather than issue a one-time special dividend in light of the new tax law. Apple sat on almost $300 billion in cash at the end of 2017 and has returned $275 billion to shareholders since starting its capital return program in 2012.Īfter the United States slashed corporate tax rates late last year, Apple said it would bring back most of its cash from overseas. Since its 2007 release, the iPhone has helped Apple generate huge profits. Apple is also developing new AirPods and over-the-ear wireless headphones. Keep track of your orders wherever you go. Easily upgrade to a new iPhone from your current one. Find out which accessories are compatible with your devices. Get recommendations based on the Apple products you already own. Thus far, however, the HomePod has lagged rivals like Inc.’s Echo speakers. The Apple Store app provides a more personal way to shop for the latest Apple products and accessories. Cook noted that sales of wearable devices jumped almost 50%, year-over-year.Īpple Watch sales have been driven by strong demand for new models with cellular connectivity. The category includes AirPods headphones, the Apple Watch, Apple TV and the HomePod. The company’s “other products” segment continued to see strong growth, with revenue up 38% to $3.95 billion. Apple has said services will be a $50-billion annual business by 2021. The company is expanding these offerings with original videos and a news subscription service. The App Store, Apple Music, iCloud storage and Apple Pay all generated record sales, Cook said. Services and wearablesĮven as questions have swirled about iPhone demand, Apple continues to generate mountains of cash, and other businesses, such as services and wearable devices, are growing strongly.Īpple reported record services revenue of $9.2 billion, easily beating analysts’ forecasts. “It’s priced for the value that it is, an incredible product with lots of leading edge innovations that sets us up for the next decade,” Cook said in an interview. He was unconcerned about the high price of the iPhone X. And it’s working on a new lower-cost model that has iPhone X features like 3-D facial recognition and an edge-to-edge screen.Īpple Chief Executive Tim Cook highlighted strong revenue growth from iPhones, services and wearable devices like the Apple Watch. However, Apple offers an increasingly broad array of other iPhones to suit different budgets. About the game - Stockpile is an economic board game that combines the traditional stockholding strategy of buy low, sell high with several additional mechanisms to. Download Stockpile Game and enjoy it on your iPhone, iPad and iPod touch. Although the iPhone X is one of the top smartphones on the market, the device’s $999 starting price was too much for some consumers. Read reviews, compare customer ratings, see screenshots and learn more about Stockpile Game.
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