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Apple (NASDAQ:AAPL) reported quarterly earnings of $2.55 per share on Thursday, which beat the analyst consensus estimate of $2.26 by 12.83%. This is a 3.66% increase over earnings of $2.46 per share from the same period last year.
The company reported quarterly sales of $58.3 billion, which beat the analyst consensus estimate of $54.540 billion by 6.89%. This is a 0.49% increase over sales of $58.015 billion the same period last year.
"Despite COVID-19's unprecedented global impact, we're proud to report that Apple grew for the quarter, driven by an all-time record in services and a quarterly record for Wearables," said CEO Tim Cook. Services revenue came in at $13.348 billion.
Here's how other Apple products performed:
- iPhone Sales $28.962 billion
- Mac Sales $5.351billion
- iPad $4.368 billion
- Wearables, Home, Accessories $6.284 billion
Apple's board of directors declared a cash dividend of 82 cents per share, an increase of 6%. The board also authorized an increase of $50 billion to the existing share repurchase program.
Apple shares closed Thursday’s session at $293.80. The stock has a 52-week range between $327.85 and $170.27.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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