Apple’s sale violates expectations on high demand for equipment | Business and Financial Issues
The expert says sales of the second quarter of $ 89.6bn up 54% compared to the same period in 2020.
Apple Inc. it also mentioned the quarterback that ruined Wall Street expectations, which was boosted by the sale of the 5G iPhone 12 line and the purchase of iPads and Macs as people continue to work and study at home.
The technical giant of Cupertino, California also estimated that sales of the second quarter of $ 89.6 billion, an increase of 54% since the same time in 2020. Researchers, on average, about $ 77.3 billion, according to Bloomberg. Profits were $ 1.40 per share, as well as easy leading forecasts for Wall Street.
“Sales of the iPad and Mac have doubled, reflecting the PC market’s strengths and training methods,” said Shannon Cross, an expert at Cross Research. “The results also show an improvement in sales and their ability to outperform competitors.”
The world’s largest company has grown exponentially during the epidemic. Sales chains were thrown kilter early last year, however, millions of people were forced to work and study at home, increasing the demand for iPhones, iPads and Mac computers. Now that the vaccine is spreading and some consumers are returning to the office and school, Apple needs to work harder to focus more on its devices.
“This quarter shows the ongoing ways in which our products have helped our users meet this moment in their lives, as well as the hope that consumers seem to be feeling for the future in the future for all of us,” Apple Chief Executive Officer Tim Cook said. words.
Sales rose about 3% on overtime, closing $ 133.58 in New York. Shares are lagging behind other major modern companies to date this year.
As has been the case in the past few places, Apple has not offered a quarterly display.
The iPhone 12 went on sale during the holidays, but sales of the iPhone 12 mini mini and the precious iPhone 12 Pro Max did not start until November. This means that the second quarter of the economy was the first financial year on the new 5G line. Apple also released MacBook Pros, Mac mini, MacBook Airs, new AirPods, new iPads and new Apple Watches.
“The result allowed us to make $ 24 billion in revenue and return about $ 23 billion to shareholders,” said Luca Maestri, chief financial officer at Apple. “We are optimistic about our future and continue to make significant investments to support our long-term goals and to benefit the lives of our customers.”
The company increased its shares by 7% and increased its $ 90 billion recovery plan.
Apple also claimed the iPad received $ 7.8 billion, adding to Wall Street expectations of $ 5.65 billion. It also sold Macs for $ 9.1 billion, costing $ 6.8 billion. The company will begin shipping new versions of the iPad Pro and iMac modified with its devices by the end of May, which could launch all the lines in the region.
Jobs create $ 16.9 billion in salaries, estimated at $ 15.6 billion. Late last year, Apple released a bundle of Apple One with new offerings such as Fitness + Workout offer.
The Home, Clothing, and Appliances sector sold $ 7.8 billion during the second financial year. This is hitting $ 7.5 billion. The group includes AirPods, Apple TV, HomePod speaker, dongles, and other devices on Apple’s main devices.
Apple’s revenues are growing exponentially, with growing annual growth in Greater China and Europe.