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Apple revenues fall 15%, as iPhone, China sales drop

2016-07-26 22:46:00| Telecompaper Headlines

(Telecompaper) Apple reported revenues of USD 42.2 billion for its fiscal third quarter to June, down from USD 49.6 billion a year ago and towards the high end of its outlook of USD 41-43 billion. The company's gross margin dipped to 38 percent from 39.7 percent in the year-earlier period, also coming in at the end of expectations. Net profit fell to USD 7.8 billion or USD 1.42 per share, from USD 10.7 billion or USD 1.85 per share. Apple CEO Tim cook said the results "reflect stronger customer demand and business performance than anticipated at the start of the quarter" and a successful launch of the iPhone SE. The launch of the cheaper iPhone led to a 23 percent year-on-year drop in revenues from smartphones to USD 24.0 billion, on a 15 percent fall in unit sales to 40.4 million. Compared to the previous quarter, iPhone revenues fell 27 percent and unit sales were down 21 percent.

Tags: sales china fall drop

 

New IMB report sees drop in sea piracy

2016-07-26 01:00:00| Ship Technology

A new report from the International Chamber of Commerce's International Maritime Bureau (IMB) has found that piracy and armed robbery at sea has been reduced to its lowest levels since 1995.

Tags: report sea drop sees

 
 

Scotch volumes drop hits Edrington as FY profits fall - results

2016-07-25 18:05:42| Daily beverage news and comment - from just-drinks.com

Edrington has posted a a drop in full-year profits as its core Scotch brands, The Macallan and The Famous Grouse, lost volumes in key markets.

Tags: results fall hits drop

 

Vranken-Pommery Monopole withholds forecast as H1 Champagne sales drop - results

2016-07-25 15:56:00| Daily beverage news and comment - from just-drinks.com

Vranken-Pommery Monopole has declined to issue a full-year forecast as still wine growth propped up falling Champagne sales in the first six months of the year.

Tags: results sales drop forecast

 

Retailers hurt by drop in clothing sales

2016-07-21 11:25:32| BBC News | Business | UK Edition

UK retail sales fall by 0.9% in June, the biggest drop in six months, as clothing sales were hit by the wet weather.

Tags: sales clothing drop hurt

 

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