Apple has now officially opened its books and announced its results for its second fiscal quarter (first calendar quarter).
Apple has now officially opened the books and released the results for the second fiscal quarter of 2021 (first calendar quarter). Side note: Apple's fiscal year starts on October 1st and ends on September 30th. Apple did not announce a sales forecast at the last quarterly earnings conference because the company was unable to provide a realistic estimate due to the ongoing COVID-19 crisis. Now, however, the numbers are encouraging. Cupertino exceeded expectations with an EPS (earnings per share) of $1.40. Analysts on average forecast $0.99 per share. This amounts to total sales of $89.6 billion. expressed Apple boss Tim Cook said:
Apple exceeds profit and sales expectations
This quarter reflects both the sustainable ways our products have helped our users navigate this moment in their own lives, and the optimism consumers seem to feel about better days ahead for all of us. Apple is in a period of deep innovation across our product line, and we're focused on how we can help our teams and the communities we serve emerge from this pandemic and into a better world. That starts, of course, with products like the all-new iMac and iPad Pro, but also extends to efforts like the 8 gigawatts of new clean energy we'll bring to the grid and our $430 billion investment in the U.S. over the next 5 years.
The Cupertino-based company has not provided a forecast for the current quarter due to the ongoing COVID-19 crisis. The share price rose by around four percent after hours. (Photo by insta_photos / Bigstockphoto)
