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Apple shatters Q3 expectations, announcing 4-1 split stock



AAPL) reported its Q3 2020 earnings on Thursday, exceeding expectations for the period. “data-reactid =” 23 “> Apple (AAPL) reported its Q3 2020 earnings on Thursday, exceeding expectations for the period.

These are the most important numbers from the report compared to what analysts were expecting as compiled by Bloomberg.

  • Income: $ 59.7 billion versus $ 52.3 billion expected

  • Earnings per share: $ 2.58 versus $ 2.07 expected

  • IPhone Entry: $ 26.42 billion.

  • Revenue from services: $ 1

    3.2 billion versus $ 13.1 billion expected

  • Accessories: $ 6.5 billion versus the expected $ 6.1 billion

Apple’s quarter has far exceeded what analysts were expecting from the company thanks to strong performance from its weapons accessories and services. Both iPhone and Mac revenues also rose in the quarter.

With the company’s stock price approaching $ 400 a share, the firm announced a 4 – 1 split stock along with its earnings report.

stifle competition in the Apple App Store. “data-reactid =” 37 “> Apple’s profit comes just a day after Chief Executive Tim Cook sat before the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law to responds to accusations that the company is abusing its market power to stand out from the competition in the Apple App Store.

The company’s Q3 report, however, has paid little attention to analysts, as much of the conversation about Apple revolves around the upcoming launch of the iPhone 12 technology giant. next generation is expected to be Apple’s first 5G device that can be captured and can lead to the so-called “super cycle”, during which the company sees a higher level than normal in sales from iPhone.

The idea is that consumers who have kept their devices for years will jump with the chance to get a new iPhone with a new form of mobile connectivity that promises dramatically added data.

a whopping 34.6% drop due to closure of COVID-19, and more than 50 million Americans are out of the workforce, the investor hopes that there will be a massive mass in iPhone sales from year to year in the coming quarters may not be in the cards. “data-reactid =” 40 “> But consumer personal consumption spending in Q2 falls to 34.6% due to the closure of COVID-19, and more than 50 million Americans out of the labor force. work, the investor hopes that there will be a massive mass in iPhone sales from year to year in the coming quarters may not be in the cards.

Apple stock was up more than 4% after the report.

@DanielHowley.“data-reactid =” 43 “>Got a tip? Email Daniel Howley at dhowley@yahoofinance.com above via encrypted mail in Malta danielphowley@protonmail.com, and follow him on Twitter @DanielHowley.

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