Apple sees better-than-expected sales, profit on strong demand

29.04.2021 - Kulakov Vladimir
Apple sees better-than-expected sales, profit on strong demand

Apple Inc posted better-than-expected sales and profits on Wednesday. The increase could be attributed to a surge in 5G iPhone upgrades. However, the company set a weak outlook as a shortage in chip production across the globe would likely drag iPads and Mac sales.

In China, the company’s second-quarter sales doubled as results topped analyst targets in every category. This was mainly from a $6.5 million increase in iPhone sales, with Mac sales also surging three times larger than what was expected.

iPhones were the primary driver of growth as the company’s sales surged $89.6 billion. Profit, on the other hand, was quoted at $1.40 per share. The figures came larger than the initial estimate worth $77.4 billion and 99 cents per share, data from Refinitiv showed.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?