Company News: Apple (AAPL) quarterly results beat analysts’ estimates

Market news

28 January 2021

Company News: Apple (AAPL) quarterly results beat analysts’ estimates

Apple (AAPL) reported Q1 FY 2021 earnings of $1.68 per share, beating analysts’ consensus estimate of $1.41 per share.

The company’s quarterly revenues amounted to $111.400 bln (+21.4% y/y), beating analysts’ consensus estimate of $103.242 bln.

Q1 FY 2021 better-than-expected results were driven by beat in every category except Macs (Macs revenue amounted to $8.7 bln in the reviewed period, missing analysts’ consensus estimate of $8.8 bln).

The company did not give Q2 FY 2021 guidance.

AAPL fell to $138.99 (-2.16%) in pre-market trading.

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