“In an interview with CNBC’s Josh Lipton, CEO Tim Cook said that Apple’s performance in China had improved over the previous quarter and saw greater strength towards the end of the quarter,” Kif Leswing reports for CNBC. “Cook also said that a sales tax cut had helped decrease the price of Apple products, which had helped.”
“Cook said that the trade relationship between the U.S. and China had improved as well,” Leswing reports. “‘I believe that the trade relationship — I don’t mean the tariff, I mean the tone — is much better today than it was in the November-December time frame. That affects consumer confidence in a positive way,’ Cook said… The improvement in the China region may be one reason for Apple’s strong next-quarter guidance, which was significantly higher than analysts expected.”
“Apple isn’t providing a new installed base figure from its last update of 1.4 billion devices,” Leswing reports, “but Cook did say that it hit an all-time record last quarter across all categories.”
Read more in the full article here.
MacDailyNews Take: All in all, an excellent quarter considering and strong guidance. The only disappointment (slight) was a somewhat weaker than expected dividend raise.
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Apple beats Street with Q219 results – April 30, 2019
Soooo thank you China, not trump.
Not a trump fanboy, but for sure fixing the serious imbalance of trade and blatant intellectual property theft was very long overdue.
But Cook’s quote says that had nothing to do with it.
Oh. So China has promised to never copy another American product AND some kind of treaty has been signed?
Wow. Must have struck a nerve.
And I guess you think that happened without our President??
in spite of
Please wind down divident allocation becuse a wealthy corp. no longer needs to kow tow to investors who are superfluous anderhs a drag to its operatipn.
Well done Mr. President. You are winning.
Well there’s a good example of something CitX will never watch or if so not believe.
Cook spoke too soon.