Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
These were very good numbers from Apple with a beat on
the top and bottom lines. Consumers are still extending the upgrade cycle and
holding on to iPhones longer but stickyness in the Apple ecosystem remains
Revenues rose 1% to $53.8bn, ahead of the $53.4bn
expected. EPS was down 7% but at $2.18 ahead of the $2.10 expected.
Mac (+11%) and Wearables (+48%) offset to a degree the
decline in iPhone sales. Outside of the iPhone Apple sales growth stood at a
The 13% growth in Services sales is a disappointment,
and represents another quarter of deceleration. However excluding a couple of
one-off items the growth was more like 18%, according to Tim Cook.
The iPhone is still struggling with sales down 12%. The
next refresh cycle may not offer much uplift though with 5G capability not
expected until the 2020 round.
China was better thanks to a VAT cut but overall sales
in Greater China were still down 22%.
Although Services revenue growth didn’t come through quite as anticipated this was nevertheless a very strong Q3 performance from Apple. Investors will be particularly impressed by robust Q4 guidance that’s ahead of the Street’s expectations. Revenues next quarter are seen between $61bn and $64bn versus expectations of $60.9bn.
Apple stock performance
Shares rallied through the important $211 level in after-hours trading. Heading into the open on Wall Street on Wednesday the stock seemed like it would open around $217. This marks a break past the big swing high from May.
Share this article
Latest Markets.com News
Week Ahead: Trump and Biden to face off in first Presidential Debate
Markets.com is the state-of-the-art trading platform provided by Markets.com. As part of the TradeTech Group, a constituent of Playtech, a FTSE 250 listed company, at Markets.com we have deep knowledge of the financial markets and an incredible range of resources to continually raise the bar in the world of financial trading.
Financial products traded on margin carry high degree of risk to your capital. Spread bets, CFDs and Forex are complex high risk instruments and therefore are not suited to all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FX, Spread Bets and CFDs are provided by TradeTech Alpha Limited on an execution only basis; we do not provide any advice nor should any communication with us, either written or oral, be construed as such.
TradeTech Alpha Ltd is authorised and regulated by the Financial Conduct Authority (FCA), registration number 607305. TradeTech Alpha Limited is incorporated in England and Wales under company number 08663212 and whose registered address is at 11th Floor Broadgate Tower, 20 Primrose Street, London, England, EC2A 2EW.
The information on this website is not directed at residents of the United States, Japan, Canada, Belgium or any other country outside of the UK where such distribution or use might be contrary to local laws and regulations.
Client’s funds are kept in segregated bank accounts
FSCS Investor Compensation up to GBP85,000
*depending on criteria and eligibility
Negative Balance Protection
Markets.com operated by TradeTech Alpha Limited (“TTA”) Regulated by the Financial Conduct Authority (“FCA”) under licence number 607305.
Clients’ funds kept in segregated bank accounts
Negative Balance Protection
Markets.com, operated by Tradetech Markets (Australia) Pty Limited (‘TTMAU”) Holds Australian Financial Services Licence no. 424008 and is regulated in the provision of financial services by the Australian Securities and Investments Commission (“ASIC”).
Selecting one of these regulators will display the corresponding information across the entire website. If you would like to display information for a different regulator, please select it. For more information click here.
Marketsi An individual approach to investing.
Whether you’re investing for the long-term, medium-term or even short-term, Marketsi puts you in control. You can take a traditional approach or be creative with our innovative Investment Strategy Builder tool, our industry-leading platform and personalised, VIP service will help you make the most of the global markets without the need for intermediaries.
Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.
Statistic cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.
Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.