Past performance is not a guarantee of future results, and a loss of original capital may occur. Further, we expressly disclaim any responsibility to update such research. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. Our research is based on sources that we believe to be reliable. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing here in constitutes a recommendation respecting the particular security illustrated. Any trades shown are hypothetical example and do not represent actual trades. Please contact your financial advisor for specific financial advice tailored to your personal circumstances. Practical application of the products herein are at your own risk and, its partners, representatives and employees assume no responsibility or liability for any use or mis-use of the product. This product is for educational purposes only. Milestone Alert!Livemint tops charts as the fastest growing news website in the world □ Click here to know more.Disclaimer: Past performance is no guarantee of future performance. That compared with an average estimate of $1.43 a share. However, the earnings were unchanged from a year earlier, and stood at $1.52 a share. The first decline in sales was reported by Apple after the onset of the COVID pandemic. The company raised its quarterly dividend by 4% to 24 cents a share.Īpple was able to bring market cheers after the company marked two straight quarters of sales declines. Keeping its last year plan intact, Apple also announced shares buyback plans worth $90 billion. Other than its global sales, Apple managed to perform better than predictions in sales in China. The results are a clear indication that the leading mobile manufacturer is now recovering from a slump which was led by both the computer and smartphone industries. However, its sales fell by 2.5% in the period. But, the company managed to beat the market estimates. “We are pleased to report an all-time record in services and a March quarter record for iPhone despite the challenging macroeconomic environment," Apple chief executive Tim Cook said in an earnings release.Īnalysts predicted the company to report around $92.6 billion of revenue in the quarter under review. Sales in wearables business, which includes devices like AirPods and the Apple Watch, also fell less than 1% to $8.76 billion. After unlocking its profit margins with iPhone, the company still needs to focus on Mac sales as it reported a fall of more than 30% in the previous quarter. Apple's iPhone sales jumped by 1.5% to $51.33 billion.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |