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Apple does better than expected, the $ 100 billion in sales pulverized

published on 01/27/2021 at 11:10 p.m.

Photo credit © Reuters

(Boursier.com) — Apple published Wednesday night after the close of Wall Street results and sales above analysts’ expectations for its first fiscal quarter, completed at the end of December. The action of the firm at the apple, which evolved in recent days at record levels, was hesitant after this remarkable publication, retreating slightly in electronic quotes after the close.

The group’s quarterly revenues exceeded the symbolic $ 100 billion mark for the first time, reaching $ 111.4 billion, up 21% compared to $ 91.82 billion a year earlier. These sales are much higher than the consensus expectations of FactSet, located at $ 103.27 billion.

Net income stood at $ 28.76 billion ($ 1.68 per share) against $ 22.24 billion a year earlier ($ 1.25 per share). Analysts were expecting $ 1.42 per share.

Sales exceeding expectations for all branches

Despite the late launch of the iPhone 12, in fall 2020, sales of smartphones reached $ 65.60 billion over the quarter against $ 55.96 billion in 2019, and $ 59.53 billion expected by the markets.

Products related to containment and teleworking were sought, including the iPad, with sales of $ 8.44 billion against $ 5.98 billion a year earlier, and $ 7.38 billion expected by consensus. Computer revenues Mac also climbed to $ 8.68 billion, in line with expectations, against $ 7.16 billion in 2019.

Branch services continued its growth reaching a turnover of $ 15.76 billion for the quarter ended at the end of December against $ 12.72 billion over the same period of 2019. The consensus expected $ 15.17 billion. Products “wearables” (dont l’Apple Watch) and accessories, released $ 12.97 billion against $ 10.01 billion in 2019, and a consensus of $ 11.49 billion.

As has been the case since the start of the Covid-19 pandemic, the Cupertino company has not made any forecasts for the current quarter. Analysts expect sales of $ 74.05 billion and EPS of 91 cents per share for the quarter ended at the end of March.

©2021, Boursier.com



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