In addition, it offers Apple TV that connects to consumersÂ’ TV and enables them to access digital content directly for streaming high definition video, playing music and games, and viewing photos; Apple Watch, a personal electronic device; and iPod, a line of portable digital music and media players.
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It certainly wouldn’t be surprising if Apple is working on its own VR headset but is holding back before it makes any serious move into the market, just as it did with smartphones, tablets and wearables.
A consensus-beating earnings-per-share of $3.28 (versus $3.23) and an in-line revenue performance of $75.9 billion (versus $76.6 billion analyst consensus and guidance at $75.5-to-$77.5 billion) in the first quarter should hardly be cause for alarm.
Apple’s (AAPL – Get Report) first-quarter report card was fairly ho-hum for a company that we expect so much from.
Apple warned sales will drop for the first time after in 2013 and has reported the slowest increase in iPhone income because the item ‘s 2007 start. Apple sold 9.8m iPads in the previous quarter and 21.4m iPads in the year-ago quarter.
China accounts for almost a quarter of Apple’s revenue, more than all Europe combined. “The growth of our Services business accelerated during the quarter to produce record results, and our installed base recently crossed a major milestone of one billion active devices”.
“We are looking for March to mark the trough in year-on-year iPhone unit growth, which should provide an attractive entry point into the stock…”, Goldman Sachs analysts wrote in a note. The projection came after a holiday quarter in which net sales and iPhone shipments missed estimates, reinforcing concerns that a push in China won’t offset a decline in the rest of the world.
“We remain extremely bullish on China, and we’re continuing to invest”.
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Tim Cook, the CEO of Apple was more focused in the positive news saying the Apple team delivered its biggest ever quarter, thanks to the innovative products and record sales of its iPhone, Apple TV and Apple Watch.
