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Apple soars past sales, profit targets with strong iPhone demand, warns of chip shortages

Apple soars past sales, profit targets with strong iPhone demand, warns of chip shortages By Stephen Nellis Reuters (Reuters) - Apple Inc on Wednesday posted sales and profits far ahead of Wall Street expectations and announced a $90 billion share buyback as customers continued to upgrade to 5G iPhones but warned that supply constraints from a global chip shortage would cost it billions in revenue in the current quarter, hitting Macs and iPads. Sales to China nearly doubled and results topped analyst targets in every category, led by $6.5 billion more in iPhone sales than predicted and Mac sales about a third higher than estimates. Apple Chief Executive Tim Cook said the company sees an economic recovery coming.

Apple soars past sales, profit targets with strong iPhone demand, warns of chip shortages

Apple soars past sales, profit targets with strong iPhone demand, warns of chip shortages
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

How to listen to Apple s Q2 2021 earnings call on Wednesday, April 28

Apple will host its Q2 2021 earnings call on Wednesday, April 28, 2021. The call will kick off at 2:00 p.m. PDT/5:00 p.m. EDT Apple will host its second-quarter results for 2021 in a conference call that is scheduled to take place on Wednesday, April 28, 2021. The call, which customarily features Apple s Chief Executive Officer Tim Cook and Chief Financial Officer Luca Maestri, is currently scheduled to kick off at 2:00 p.m. PDT / 5:00 p.m. EDT. Apple has dropped the details of the call on the Apple Investor Relations website: Apple s conference call to discuss second fiscal quarter results is scheduled for Wednesday, April 28, 2021, at 2:00 p.m. PT / 5:00 p.m. ET

Apple s cautious outlook looms over US$111B sales haul

Apple s cautious outlook looms over US$111B sales haul Mark Gurman, Bloomberg News Apple Inc. shares slid 2.9 per cent in premarket trading Thursday after a cautious outlook from executives overshadowed quarterly revenue that topped US$100 billion for the first time. While the company didn’t provide an official forecast for the fourth quarter in a row, executives said sales growth from AirPods and other wearables will decelerate in the current quarter. They also warned that Services sales in the period will face tougher comparisons with a year earlier. Overall, however, analysts saw the earnings report as a positive. RBC Capital Markets analyst Rober Muller wrote in a note that the market’s expectations were “elevated” coming into the numbers, but Apple “delivered on all fronts.”

Apple s cautious outlook overshadows $111 billion sales haul

El Intransigente Apple’s cautious outlook overshadows $111 billion sales haul IPhone revenue reaches $65.6 billion in sign of «super cycle». Company sees slower Wearables, AirPods and Services growth. Compártelo: 28 enero, 2021 Apple Inc. shares fell more than 3% in extended trading after a cautious outlook from executives overshadowed quarterly revenue that topped $100 billion for the first time. While the company didn’t provide an official forecast for the fourth quarter in a row, executives said sales growth from AirPods and other wearables will decelerate in the current quarter. They also warned that Services sales in the period will face tougher comparisons with a year earlier.

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