The Trader 

Market Outlook: En Garde!

The Trader

Highlights from third quarter results from Apple announced yesterday include a rather pedestrian increase to 41.3 million phones shipped but a big increase in the average selling price to $724.  Earnings per share grew a whopping 40 per cent Y/Y and revenue increase 17 per cent over the same period.  The share price rallied after hours but failed to hit the $1 trillion mark.  Today research firms IDC, IHS Markit and others estimate that Chinese firm Huawei shipped about 54.2 million smartphones over the same quarter – 15.8 per cent of the global market. 

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