[Earnings Season] Apple's revenue pops 11%
Despite the pandemic and supply challenges, $Apple(AAPL)$reported the largest single quarter reveneue. Here are some key statistics:
Revenue: $123.95 billion/$119.05 billion expected
Earnings per Share: $2.10/$1.90 expected
iPhone: $71.6 billion/$67.7 billion expected
Mac: $10.8 billion/$9.5 billion expected
Wearables: $14.7 billion/$14.1 billion expected
Services: $19.5 billion/$18.6 billion expected
iPad: $7.2 billion/$8.1 billion expected
Gross Margin: 43.8%/41.7% estimated
With that, Apple beats analysts estimates for sales in every product category other than iPads. Apple's share price has a high chance of rising over the next few weeks, despite the pandemic, inflation or supply issues.
A historic first time quarter could mean that Apple's share price may increase to over $200. Big technological caps like Apple and Microsoft have responded to challenges and delivered. It would be insane to not buy a slice of this company, one of the greatest company in American history. Hence, a good time to buy would be now. Load up, lads.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- JuniorMaoz·2022-02-03Thanks for the explanation which supports my own thoughts that it would try 200 to 250 range facing resistance. Coming fall would determine upside or downside with new hardwares and services.1Report
- ThaiGirl·2022-02-03Buy carton of Apples for vitamin A?2Report
- claratan·2022-02-04WOwLikeReport
- GggSlimeR·2022-02-04Nice. Do not like my commentLikeReport
- Jaewor·2022-02-01👍🏻1Report
- Jeff_Roar·2022-01-30good1Report