Apple stock rises more than 5% after strong business results


Apple’s stock rose during today’s trading, supported by strong business results during the fiscal quarter that ended at the end of last December.

Apple posted a quarterly profit of about $34.6 billion during the first fiscal quarter ending last month, from $28.7 billion in the same period in 2020.

Excluding some items, we find that “Apple” recorded adjusted earnings of about $2.10 per share, compared to expectations that indicated a profit of $1.89 per share.

As for quarterly revenues, Apple jumped in the last quarter to $ 123.9 billion, compared to expectations of $ 118.6 billion, after achieving revenues of about $ 111.4 billion in the same period a year ago.

In the details of the data, “Apple” achieved revenues from sales of “iPhone” phones by about 71.6 billion dollars, from 65.5 billion dollars in the same period in 2020, and it also recorded revenues of about 10.8 billion dollars from sales of “Mac” computers, while it recorded revenues from sales of “Mac computers.” iPad, with about $8.4 billion, and revenue from services such as the Apple Store and cloud computing with about $19.5 billion.

In terms of trading, the “Apple” stock rose at 8:30 pm Mecca time, by 5.6%, to reach $ 168.2.

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