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Apple lowers expectations of Q3, announces a 4-1 split
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Apple lowers expectations of Q3, announces a 4-1 split



AAPL) reported its profit for the 3rd quarter of 2020 on Thursday, exceeding expectations for the period. Apple (AAPL) reported its earnings for the 3rd quarter of 2020 on Thursday, exceeding expectations for the period.

These are the most important figures of the report compared to what analysts expected, compiled by Bloomberg.

  • Income: $ 59.7 billion versus $ 52.3 billion. USA

  • Earnings per share: $ 2.58 versus the expected $ 2.07

  • IPhone Income: $ 26.42 billion versus $ 30.9 billion.

  • Revenue from services: $ 1

    3.2 billion versus $ 13.1 billion

  • Accessories: $ 6.5 billion US dollars against 6.1 billion dollars. USA

A quarter of Apple was well ahead of what analysts expected from the company due to powerful performance of accessories and services. Revenue from the iPhone and Mac also rose in the quarter.

As the company’s share price approached $ 400 per share, the firm announced a 4-on-1 split with the earnings statement.

fierce competition in the Apple App Store. Apple’s earnings came just a day after CEO Tim Cook met before a subcommittee of the Antimonopoly, Commercial and Administrative Judiciary Committee to answer allegations of abuse. its market power to stifle competition in the Apple App Store.

The company’s Q3 report, however, did not pay much attention to analysts, as much of the talk about Apple revolved around the upcoming launch of its iPhone 12. The technology giant. The next-generation iPhone is expected to be Apple’s first 5G-possible device and could lead to a so-called “supercycle,” during which the company would see more than usual sales in the iPhone.

The idea is that consumers who stay on their devices for several years will be able to get a new iPhone with a new form of cellular communication, which promises to dramatically increase data.

falling colossal 34.6% due to disabling COVID-19 and more 50 million Americans were left without labor, investors are hoping for a massive situation in iPhone sales for the year in the coming quarters may not be in the cards. But as consumer spending in Q2 fell as much as 34.6% due to the COVID-19 shutdown and more than 50 million Americans out of work, investors are hoping for a massive turnaround in iPhone sales for year in the coming quarters may not be in the cards.

Apple shares rose more than 4% after the report.

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