AssetID: 55886201
Headline: UNCAPTIONED: Apple Set for Strongest June-Quarter Sales Growth in Five Years
Caption: Apple Set for Strongest June-Quarter Sales Growth in Five Years. Apple is expected to report its strongest June-quarter revenue growth in five years, with analysts forecasting a 15.5% increase in sales to about $108.7 billion. That performance would mark Apple's fastest June-quarter growth since 2021, driven largely by strong demand for iPhones after the company opted to keep their prices unchanged. Analysts estimate iPhone revenue rose more than 20% year-on-year, helped by higher shipments and gains in global smartphone market share. While Apple increased prices for some products, including iPads and MacBooks, it avoided raising iPhone prices, a strategy that appears to have strengthened consumer demand. Investors will be closely watching whether the company can continue resisting price increases on future iPhone models as higher component costs put pressure on profit margins. Apple’s measured approach to artificial intelligence spending has also reassured investors, as the company has largely avoided massive infrastructure investments. The company recently reclaimed its position as the world's most valuable publicly traded company, briefly surpassing a $5 trillion market valuation as its shares have climbed about 25% this year. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Apple,Tim Cook,revenue,strong,quarter,June,five-year record,analysts,keeping,prices,production costs,components,financial pressure,Wall Street,market value,Cupertino,California,iPhone,iPad,Macbook
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