28.04.2015 - Apple profit is up by 33%
The most expensive corporation in the world - Apple reported an increase in profit by 33% despite the problems of other smartphone manufacturers. Net income totaled 13.57 billion dollars and could be higher if there is no negative effect of the strong dollar. According to the head of the company, the demand on iPhones exceeds the supply, but companies are trying to correct this imbalance. The main driver of sales growth was China. Sales of iWatch also pleased investors. Earlier it was planned that for the company’s smart watches will be created about 1,000 applications, but at the moment their number exceeds 3500. We maintain our medium-term positive outlook on the stock with the potential for growth by 35-40% per year.