Apple publishes a rapid growth in sales even when China’s business cools

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Apple has revealed a strong growth in revenue on Thursday, as the company has been wearing a few months of movement in the repercussions of President Donald Trump’s war with China.

The company has reported revenues of $ 95.4 billion for the quarter ending on March 29, an increase of 5 percent on an annual basis and more than 94.6 billion dollars. The net income reached 24.8 billion dollars, and it was slightly overburdened by estimates of 24.5 billion dollars and an increase of 5 percent in the same period for the previous year.

The results reflect the period before Trump’s announcement of the “Liberation Day” tariff on April 2, which was sent apple Slip arrows. The iPhone maker, with his supply chains in Asia, is severely exposed to a trade war with China.

IPhone revenues, the main product of Apple, amounted to $ 46.8 billion, an increase of 2 percent on an annual basis.

China’s revenues decreased slightly to $ 16 billion, a decrease of 2.4 percent, reflecting the competitive challenge faced by Apple from local smart phone makers in the last quarters. Its service work, which includes the application store, iCloud and Apple Pay, continued to show strong growth, increasing by 12 percent to $ 26.6 billion.

Apple shares fell about 2 percent in trading after working hours on Thursday.

There was no sign of a short -term height in consumer requests to introduce April tariff.

“As for the quarter of March, we do not think we have seen any strong evidence of the cloud request that affected our results,” said Barrick.

He said that Apple was “working hard to improve the supply and stock chain” during the quarter to alleviate the potential impact of the definitions.

In China, the company witnessed an improvement in the previous quarter of its results, as Barrick pointed out, almost “sales” when modified for foreign currency changes. Apple sales in China decreased by 11 percent on an annual basis in the previous quarter.

Apple has stopped providing written instructions during the Coronavirus pandemic, but investors are keen to understand how Tensions It can affect the Apple business in the coming months, and whether it can eventually raise their prices.

In its initial response, Apple moved to He increases IPHONE Association in India to avoid the most severe definitions.

While the administration has temporarily gave smartphones from its “mutual” tariff of 125 percent on China, Apple is still affected by a 20 percent tariff for Chinese imports.

He can also see more customs tariffs later this year awaiting the results of achieving national security in semiconductors and electronics products that contain them.

The Apple Board of Directors approved an increase of 4 percent in its profits and up to $ 100 billion in shares re -purchases, in line with the previous year.