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Apple Inc. reported quarterly revenue that crushed Wall Street expectations, fueled by sales of the 5G iPhone 12 line and purchases of iPads and Macs as people continued to work and learn from home.
The Cupertino, California-based technology giant reported fiscal second-quarter sales of $89.6 billion, up 54% from the same period in 2020. Analysts, on average, estimated $77.3 billion, according to data compiled by Bloomberg. Profit was $1.40 a share, also easily topping Wall Street forecasts.
“iPad and Mac sales nearly doubled, showing the strength of the PC market and education channels,” said Shannon Cross, an analyst at Cross Research. “These results also show their control over the supply chain and their ability to outmaneuver competitors.”
Apple sales crush estimates on surging device demand
Mark Gurman, Bloomberg News VIDEO SIGN OUT
Apple Inc. reported quarterly revenue that crushed Wall Street expectations, fueled by sales of the 5G iPhone 12 line and purchases of iPads and Macs as people continued to work and learn from home.
The Cupertino, California-based technology giant reported fiscal second-quarter sales of US$89.6 billion, up 54 per cent from the same period in 2020. Analysts, on average, estimated US$77.3 billion, according to data compiled by Bloomberg. Profit was US$1.40 a share, also easily topping Wall Street forecasts.
âiPad and Mac sales nearly doubled, showing the strength of the PC market and education channels,â said Shannon Cross, an analyst at Cross Research. âThese results also show their control over the supply chain and their ability to outmaneuver competitors.â
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
U.S. health agencies lifted the pause on Johnson & Johnson’s Covid-19 vaccine on Friday, 10 days after urging providers to hold off on using the shot while they reviewed serious and rare cases of blood clots among several people who received it.