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Apple suppresses Q3 expectations, announces 4-1 stock split



AAPL) reported its Q3 2020 earnings on Thursday, exceeding expectations for the period. “data-reagid =” 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 expected, as compiled by Bloomberg.

  • Income: $ 59.7 billion versus the expected $ 52.3 billion

  • Earnings per share: $ 2.58 versus $ 2.07 expected

  • IPhone revenue: $ 26.42 billion versus the expected $ 30.9 billion.

  • Revenues from services: $ 1

    3.2 billion versus the expected $ 13.1 billion

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

Apple’s quarter had surpassed what analysts had expected from the company thanks to strong performance from its accessories and services devices. IPhone and Mac revenue also rose in the quarter.

With the company’s share price approaching $ 400 per share, the firm announced a 4 to 1 share split along with its earnings ratio.

fierce competition in the Apple App Store. “data-reagid =” 37 “> Apple’s profits come just a day after CEO Tim Cook sat before the House Judiciary Committee Subcommittee on Antitrust, Commerce and Administration Law to respond to allegations that the company is abusing its power market to hinder competition in the Apple App Store.

The Q3 company report, however, has not been very focused on analysts, as many of the talk about Apple has revolted around the upcoming launch of tech giant iPhone 12. The next-generation iPhone is expected to be Apple’s first 5G. capable device and could lead to the so-called “super cycle”, during which the company will see a larger than normal increase in iPhone sales.

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

dropping a whopping 34.6% due to COVID-19 closures, and more than 50 million Americans from the workforce, investor hopes for a massive increase in iPhone sales for a year over the next quarters may not be on the cards. “data-reagid =” 40 “> But with personal consumption spending in Q2 dropping a whopping 34.6% due to COVID-19 closures, and more than 50 million Americans out of the workforce, the investor hopes for a Massive increases in iPhone sales for a year in the coming quarters may not be on the cards.

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

@DanielHowley.“data-reagid =” 42 “>Got some advice? Email Daniel Howley at dhowley@yahoofinance.com above via coded mail in danielphowley@protonmail.com, and follow him on Twitter at @DanielHowley.

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