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AAPL Q2 Earnings Released
Posted by: ztirffritz
Date: April 28, 2021 04:58PM
[www.apple.com]

Quote
Tim Apple
Cupertino, California April 28, 2021 Apple today announced financial results for its fiscal 2021 second quarter ended March 27, 2021. The Company posted a March quarter record revenue of $89.6 billion, up 54 percent year over year, and quarterly earnings per diluted share of $1.40. International sales accounted for 67 percent of the quarter’s revenue.



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Re: AAPL Q2 Earnings Released
Posted by: Acer
Date: April 28, 2021 05:17PM
Le Beagled!
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Re: AAPL Q2 Earnings Released
Posted by: davester
Date: April 28, 2021 05:38PM
54% is pretty mindboggling. However, share price is influenced by future projections, not past performance. For the important info, what did they project for the next quarter, and how did that compare to analyst projections?



"In science it often happens that scientists say, 'You know that's a really good argument; my position is mistaken,' and then they would actually change their minds and you never hear that old view from them again. They really do it. It doesn't happen as often as it should, because scientists are human and change is sometimes painful. But it happens every day. I cannot recall the last time something like that happened in politics or religion." (1987) -- Carl Sagan
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Re: AAPL Q2 Earnings Released
Posted by: Speedy
Date: April 28, 2021 06:06PM
Quote
davester
54% is pretty mindboggling. However, share price is influenced by future projections, not past performance. For the important info, what did they project for the next quarter, and how did that compare to analyst projections?

Apple doesn’t release any forward looking forecasts anymore.



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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Re: AAPL Q2 Earnings Released
Posted by: d4
Date: April 29, 2021 09:57AM
Oops.

Goldman Sachs: We were wrong about Apple

After a blowout quarter from tech giant Apple, Goldman Sachs' long-time bearish analyst [Rod Hall] covering the stock is admitting defeat.

"We are upgrading our rating from Sell to Neutral after Apple posted another large beat and implied a raise vs. our June revenue expectations. Our original view that the iPhone cycle would disappoint in the midst of COVID was clearly wrong. Not only has Apple done better than we expected on iPhone during the cycle but Mac and iPad have also materially outperformed our forecasts," analyst Rod Hall said in an early morning note Thursday after Apple's second quarter earnings.

Hall acknowledges that since he placed Apple's stock on Goldman's closely watched AMERICAS SELL LIST on April 16, 2020, shares have surged 86%. The S&P 500 is up 49%.







Edited 1 time(s). Last edit at 04/29/2021 09:58AM by d4.
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Re: AAPL Q2 Earnings Released
Posted by: macphanatic
Date: April 29, 2021 06:22PM
Quote
d4
Oops.

Goldman Sachs: We were wrong about Apple

After a blowout quarter from tech giant Apple, Goldman Sachs' long-time bearish analyst [Rod Hall] covering the stock is admitting defeat.

"We are upgrading our rating from Sell to Neutral after Apple posted another large beat and implied a raise vs. our June revenue expectations. Our original view that the iPhone cycle would disappoint in the midst of COVID was clearly wrong. Not only has Apple done better than we expected on iPhone during the cycle but Mac and iPad have also materially outperformed our forecasts," analyst Rod Hall said in an early morning note Thursday after Apple's second quarter earnings.

Hall acknowledges that since he placed Apple's stock on Goldman's closely watched AMERICAS SELL LIST on April 16, 2020, shares have surged 86%. The S&P 500 is up 49%.

More likely that they were trying to manipulate the stock down to buy more.
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