Apple announced third quarter earnings, market capitalization or the first breakthrough of 1 trillion U.S. dollars

Beijing time on August 1st morning news, Apple has just released a beautiful financial report, the company is likely to become the world's first market capitalization of 1 trillion dollars.

Apple's third quarter earnings show that the company's revenue reached $53 billion 300 million during the quarter, up 1 billion dollars from market expectations. Although revenue growth in the third quarter is likely to slow as consumers wait for new models, this is still the strongest quarterly report in the company's history.

Apple's average iPhone price in the quarter reached $724, higher than analysts' average expectations of $693.

Apple expects revenue in the fourth quarter to grow from 60 billion to 62 billion dollars, or 16% to 19% over the same period. This strong forecast indicates that the company will launch several new hardware devices this fall. Rumors so far suggest that the company may release three new iPhone, while consumers expect apple to launch a new version of iPad Pro and a modified Apple Watch.

Apple CEO Tim Cook (Tim Cook) has not confirmed that the company will launch the middle end iPhone X, but he does say that Apple will continue to provide people with different iPhone to meet their needs.

Although there is no new iPhone, the 2018 MacBook Pro equipped with the third generation keyboard has just been released and will contribute to the next quarter's revenue. In addition, Apple also released 3 iPhone last year, but only iPhone 8 and 8 Plus contributed to the fourth quarter revenue, and iPhone X was not officially launched until November.

Meanwhile, after Apple confirmed that there were design flaws in the MacBook with the first and second generation butterfly keyboards, Mac sales had declined for several consecutive quarters. The company launched a maintenance project last month, extending the keyboard warranty to 4 years. But the company will not use third generation keyboard components to repair.

Apple's largest source of revenue growth is still the service sector, including Apple Music, iCloud and Apple Care, an increase of 31% over the previous year, reaching a record $9 billion 550 million.

Apple's market value reached $935 billion after its latest earnings announcement on Tuesday. If the stock rises 7% again, Apple will become the first company in the world to break through the value of 1 trillion dollars at a price of 203.46 US dollars per share.

Source: Sina Technology

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