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
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Apple MacBook Pro (M1) Review
The M1 version of the MacBook Pro for the most part delivers on the performance, compatibility, and battery life that Apple promises. But this is the low-end version of MacBook Pro, the non-Pro MacBook Pro, if you will. And it’s hard for most to justify its additional expense compared to the very similar MacBook Air.
So we should explain that bit first.
Forgetting for a moment about the M1 chipset, Apple’s MacBook lineup has consisted of four basic models for a few years now: The MacBook Air, the entry-level MacBook Pro 13 (with two Thunderbolt 3 ports), the MacBook Pro 13 (with four Thunderbolt 3 ports), and the MacBook Pro 16 (previously the MacBook Pro 15). The first two of those, the MacBook Air and the entry-level MacBook Pro 13, comprise the low-end of the MacBook family, and the latter two are higher-end, prosumer-class devices.
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