Apple s revenue surpasses $100 bn-mark in Dec on record iPhone sales globally
Apple s revenue for the quarter ended Dec. 26 rose 21% to $111.44 billion. Earnings per share rose to $1.68 from $1.25, beating Wall Street targets
Reuters | January 28, 2021 | Updated 11:42 IST
Apple shares rose 85% over the previous year, versus 46% for the Nasdaq 100, of which it is a component
Apple Inc on Wednesday reported holiday quarter sales and profits that beat Wall Street expectations, as new 5G iPhones helped push handset revenue to a new record and sparked a 57% rise in China sales. Apple shipped its iPhone 12 lineup several weeks later than usual, but an expanded number of models and new look tapped pent up demand for upgrades, especially in China. The company also posted strong sales of its Mac laptops and iPads in the quarter, driven by consumers working, learning and playing from home during the pandemic.
Apple Inc. s (NASDAQ: AAPL) streaming service Apple TV+ will cost just $4.99 a month, Apple CEO Tim Cook announced at the company s new product event Tuesday. That s crazy, Cook said of the cost, which is lower than many expected. The company announced in the spring it would. Read More.
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