Source: WeDesing / Shutterstock.com
It’s starting to move now, but Apple stock hasn’t done much of anything for most of this year, or really since the shares split on a four-for-one basis at the end of last August. After hitting a peak of $145.09 in late January, AAPL stock was trading in a range of $120 to $130 throughout the first half of 2021. The shares seemed incapable of breaking out despite the company’s 5G-enabled iPhone 12 ushering in a new super sales cycle, and Apple continuing to report extremely strong earnings.
In its latest earnings report, the Cupertino, California-based technology company reported fiscal second-quarter sales of $89.6 billion, up 54% from a year earlier. Analysts had expected revenue of $77.3 billion in the quarter. Apple’s quarterly profits came in at $1.40 a share, also topping Wall Street forecasts.
Can a State Restrict Voting and LGBTQ+ Rights and Still Be a Top State for Business? – NBC New York
nbcnewyork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcnewyork.com Daily Mail and Mail on Sunday newspapers.
Can a State Restrict Voting and LGBTQ+ Rights and Still Be a Top State for Business? – NBC 6 South Florida
nbcmiami.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcmiami.com Daily Mail and Mail on Sunday newspapers.
Citing Electrical Issues, Boeing Advises 16 Airlines to Ground Embattled 737 Max Jets
sputniknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sputniknews.com Daily Mail and Mail on Sunday newspapers.
SHARE
Moody’s Investors Service forecast a negative outlook for global airlines in 2021, with operators expected to lose money until 2022 due to the impact of Covid-19 on air travel demand.
The credit rating agency does not expect passenger demand to make a significant return until the coronavirus vaccine is widely available and travellers are more confident about boarding a plane.
“We have a negative outlook on the airlines [and] we expect operating losses to run through 2021 into 2022,” Moody s airline analyst Jonathan Root said during a podcast.
The aviation industry is among the sectors that have been hit hardest by the pandemic, with the International Air Transport Association forecasting combined losses of $157 billion this year and in 2021.