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Apple CFO Luca Maestri told analysts on the conference call that the company sees even more growth ahead for this part of its business. “Our iCloud storage business is growing very quickly, and so that is a business that also at a geographic level we can continue to grow significantly.”
Apple share rose 4.2 percent in after-hour trading Tuesday as the Cupertino, California-based company posted earnings per share of .18.
Armenia and Azerbaijan agreed on a ceasefire in the Nagorno-Karabakh region starting Saturday noon, following lengthy negotiations in Moscow on Friday night. The deal was announced in a joint statement by Armenian, Azerbaijani and Russian foreign ministers.
Apple Chief Financial Officer Luca Maestri told Reuters on Thursday the company was "quite happy" with how manufacturing of the iPhone X was progressing, noting that "production is growing every week, and that's very, very important during a ramp period."
As China tries to become a more innovative economy, there is a need for increased competition and stronger IPR protection, he said.
