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Apple Ready To Announce $180bn In Sales Revenues

Apple Ready To Announce $180bn In Sales Revenues

Apple is set to announce a record-breaking $180bn (?110bn) in revenues from sales of its luxury electronics in the year to September, propelled by rising demand for the latest iPhone models.




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Chief executive Tim Cook said last week that the iPhone 6 and 6 Plus, which went on sale on 19 September, had “set a new high-water mark” for sales as phone owners rushed to upgrade their handsets.

Apple posts full year results on Monday, and Wall Street is forecasting the Californian company will have sold 38m iPhones in the three months to the end of September, a 12% rise on the 34m mobiles sold by Apple in the same period last year.

Revenues for the quarter are forecast to reach nearly $40bn, bringing Apple’s turnover for the year to $181bn, compared to $171bn last year and up from $65bn in 2010.

Although the iPhone 6 and the larger 6 Plus were only on sale for the final ten days of the September quarter, shoppers bought 10m of the gadgets during their first weekend on sale, and the impact on revenues is expected to be significant.


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