Apple Revenue Raise Up but in Still Under Expectations

Apple Revenue Raise Up but in Still Under Expectations. Apple, reported profits remained below expectations but the market.

Profit of roughly 13.1 billion U.S. dollars, or the same as the previous year, partly because of the high cost in launching new products.

Revenue increased 18% to 54.5 billion U.S. dollars, driven by sales of the iPhone and iPad.

"We are delighted with record revenues over 54 billion U.S. dollars and the sale of more than 75 million iOS devices in the quarter," said President of the Executive of Apple, Tim Cook.

But analysts and the market seems to disagree as deemed disappointing iPhone sales and Apple's stock price fell in early trading on the exchange.

"The amount of revenue bleak as expected earlier," said Jeff Sica of Sica Wealth Management financial companies.

He added that Apple is not too bad, but suffer from the expectations were too high.

Competition increasingly stringent

Apple's stock price dropped nearly 30% since September last year because of concerns Apple losing the advantage over its competitors.

Currently Apple products face an increasingly tight competition from Samsung and other manufacturers of smart phones based on Android system.

Some observers argue Apple cannot compete on price in the emerging markets, which cannot afford to buy Apple products while others sell the smart phone manufacturers sold more cheaply.

Many observers see smart phones offer Samsung Galaxy, Samsung offer which raised revenue to be one of the main rival the iPhone.

However, Samsung's share price also fell 1.7% because in addition to a rival, Samsung is also one of Apple's suppliers for components-such as flash memory.

While the LG-stock supplying screens for Apple products were down 3.1% Hon Hai, who assemble the iPhone and iPad, down 3.2%.

Apple Revenue Raise Up but in Still Under Expectations