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Apple has now officially opened its books and announced its results for its fourth fiscal quarter (third calendar quarter).
Apple has now officially opened its books and announced the results for the fourth fiscal quarter (third calendar quarter). The result is sensational - but the share price is falling. Apple did not announce a sales forecast at the last quarterly earnings conference because the company was unable to give a realistic estimate due to the ongoing COVID-19 crisis. Now, however, the figures are a relief. Cupertino exceeded expectations with an EPS (earnings per share) of $0.73. Analysts were forecasting an average of $0.701 per share. This represents total sales of $64.7 billion and profits of $12.67 billion. explained Apple CEO Tim Cook:
Apple: Dividend will be paid on November 12th
Apple ended a fiscal year marked by innovation in the face of adversity with a record quarterly performance in September, led by all-time records for Mac and Services. Despite the ongoing impact of COVID-19, Apple is in the midst of the most productive product launch period we've ever experienced, and the early response to all of our new products, most notably our first 5G-enabled iPhone line, has been tremendously positive. From remote learning to working from home, Apple products have been a window to the world for users as the pandemic continues, and our teams have met the demands of this moment with creativity, passion, and the kind of big ideas that only Apple can deliver.
Apple did not give a forecast for the current quarter this time either. In terms of dividends, the Cupertino-based company said it would pay out $0.025 per share on November 12. Despite the sensational sales, the stock failed to gain ground and lost around 3.56 percent after the market closed. (Photo by Engdao / Bigstockphoto)
