Last night, after the Wall Street shutdown, Apple presented the results corresponding to the first fiscal quarter of 2021, reporting a record of quarterly income, so it exceeded $ 100 billion for the first time in history.
The American company earned $ 28.76 billion, which is about $ 1.68 per title versus $ 22.24 billion or $ 1.25 per share in the prior period. Likewise, revenues were at $ 111.4 billion, thus beating the market consensus, which expected a figure of around $ 103.2 billion.
Regarding the new iPhone 12, The American company posted sales of $ 65.6 billion in sales compared to 55.96 billion dollars the previous year, although the market estimated that figure around 59 billion dollars.
Finally, they expect the demand for iPhones to increase by the March quarter, although the American technology company decided not to “get wet” with the next results, since they were cautious about the situation of the pandemic.
Apple’s revenue grows strongly in China
On the other hand, the American company released in the statement that revenue in China grew to $ 21.3 billion, when in the previous period these were located at 13,580 million dollars.
This is due to the high demand for iPhones during the quarter within the territory of the Asian giant, also driven by purchases of iPads and MacBook. Revenues from the iPad rose to $ 8.68 billion, while the MacBook grew to $ 7.16 billion, the latter below the market consensus estimate ($ 8.68 billion).
Finally, the services business also increased, exceeding 15.7 billion dollars, where sales of the category of wearables, home and different accessories of the American technology moved up to 12,970 million dollars.
Technical analysis: Apple
With respect to the technical section, the price of Apple’s shares are trading in the American premarket above $ 139.00, which represents a loss of close to 2%.
After reaching new all-time highs last Tuesday, Apple shares conquered $ 145.00 per share, although yesterday, before the closing, the operators pressed down to $ 138.00, a level that now acts as support.
Finally, something to highlight has been the attainment of increasing lows from the month of March, after the shock of the coronavirus, so we will see if it projects the rise to the target of $ 145.00. However, before the weekly close we could see new impulses towards the highs zone, with the possibility of obtaining all-time highs again. Therefore, we are going to establish two possible scenarios that may occur in the coming months:
To buy: if the daily candle closes above $ 142.00.
- Admission: 142.00
- Stop: 138,00
- Goal: 150.00
Sale: if the daily candle closes below $ 137.50
- Admission: 137.50
- Stop: 139,00
- Goal: 128.00
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