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CarmenGrace
2021-07-29
Gosh it is going to grow
Shopify tops $1 billion in quarterly sales for the first time as e-commerce spending stays strong
CarmenGrace
2021-07-28
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CarmenGrace
2021-07-28
👍🏻apple
Apple profit nearly doubles as iPhone sales boom, but company projects growth slowdown
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grow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801281874","repostId":"2154092503","repostType":4,"repost":{"id":"2154092503","kind":"highlight","pubTimestamp":1627471380,"share":"https://www.laohu8.com/m/news/2154092503?lang=&edition=full","pubTime":"2021-07-28 19:23","market":"hk","language":"en","title":"Shopify tops $1 billion in quarterly sales for the first time as e-commerce spending stays strong","url":"https://stock-news.laohu8.com/highlight/detail?id=2154092503","media":"MarketWatch","summary":"Company tops earnings, revenue expectations\nShopify Inc. topped $1 billion in sales for the first ti","content":"<p>Company tops earnings, revenue expectations</p>\n<p><a href=\"https://laohu8.com/S/SHOP\">Shopify Inc</a>. topped $1 billion in sales for the first time in the June quarter as e-commerce spending remained strong amid the economic recovery.</p>\n<p>Shopify shares rose 2% in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/f7bfd571e540c6e3745da4cb7f101bce\" tg-width=\"881\" tg-height=\"638\" width=\"100%\" height=\"auto\"></p>\n<p>The e-commerce company posted revenue of $1.12 billion in the second quarter, up from $714 million a year earlier and ahead of the FactSet consensus, which called for $1.05 billion.</p>\n<p>Shopify (SHOP.T) generated net income of $879.1 million, or $6.90 a share, compared with $36 million, or 29 cents a share, in the year-prior quarter. The company's net-income total included $778 million in unrealized net gains on equity investments.</p>\n<p>On an adjusted basis, Shopify earned $2.24 cents a share, whereas it earned $1.05 a share a year earlier. Analysts tracked by FactSet were expecting adjusted per-share earnings of 97 cents.</p>\n<p>Gross merchandise volume, or the dollar value of orders facilitated through the platform, increased 40% to $42.2 billion. Analysts were modeling $40.4 billion in GMV.</p>\n<p>Gross payment volume, or the amount of GMV that went through the company's payments platform, rose to $20.3 billion from $13.4 billion and accounted for 48% of the GMV that Shopify processed during the second quarter.</p>\n<p>\"As consumer spending remained strong, our merchants thrived and extracted more value from our platform, contributing to our rapid growth,\" Chief Financial Officer Amy Shapero said of the overall results in a news release.</p>\n<p>Shares of Shopify are up 34% over the past three months as the S&P 500 has risen 5%.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shopify tops $1 billion in quarterly sales for the first time as e-commerce spending stays strong</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShopify tops $1 billion in quarterly sales for the first time as e-commerce spending stays strong\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 19:23 GMT+8 <a href=https://www.marketwatch.com/story/shopify-tops-1-billion-in-quarterly-sales-for-the-first-time-as-e-commerce-spending-stays-strong-11627471417?mod=newsviewer_click><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company tops earnings, revenue expectations\nShopify Inc. topped $1 billion in sales for the first time in the June quarter as e-commerce spending remained strong amid the economic recovery.\nShopify ...</p>\n\n<a href=\"https://www.marketwatch.com/story/shopify-tops-1-billion-in-quarterly-sales-for-the-first-time-as-e-commerce-spending-stays-strong-11627471417?mod=newsviewer_click\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SHOP":"Shopify Inc"},"source_url":"https://www.marketwatch.com/story/shopify-tops-1-billion-in-quarterly-sales-for-the-first-time-as-e-commerce-spending-stays-strong-11627471417?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154092503","content_text":"Company tops earnings, revenue expectations\nShopify Inc. topped $1 billion in sales for the first time in the June quarter as e-commerce spending remained strong amid the economic recovery.\nShopify shares rose 2% in premarket trading.\n\nThe e-commerce company posted revenue of $1.12 billion in the second quarter, up from $714 million a year earlier and ahead of the FactSet consensus, which called for $1.05 billion.\nShopify (SHOP.T) generated net income of $879.1 million, or $6.90 a share, compared with $36 million, or 29 cents a share, in the year-prior quarter. The company's net-income total included $778 million in unrealized net gains on equity investments.\nOn an adjusted basis, Shopify earned $2.24 cents a share, whereas it earned $1.05 a share a year earlier. Analysts tracked by FactSet were expecting adjusted per-share earnings of 97 cents.\nGross merchandise volume, or the dollar value of orders facilitated through the platform, increased 40% to $42.2 billion. Analysts were modeling $40.4 billion in GMV.\nGross payment volume, or the amount of GMV that went through the company's payments platform, rose to $20.3 billion from $13.4 billion and accounted for 48% of the GMV that Shopify processed during the second quarter.\n\"As consumer spending remained strong, our merchants thrived and extracted more value from our platform, contributing to our rapid growth,\" Chief Financial Officer Amy Shapero said of the overall results in a news release.\nShares of Shopify are up 34% over the past three months as the S&P 500 has risen 5%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":91,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803815518,"gmtCreate":1627431699334,"gmtModify":1633765103939,"author":{"id":"3581824405978890","authorId":"3581824405978890","name":"CarmenGrace","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581824405978890","authorIdStr":"3581824405978890"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803815518","repostId":"2154990921","repostType":4,"isVote":1,"tweetType":1,"viewCount":224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803818554,"gmtCreate":1627431541778,"gmtModify":1633765106476,"author":{"id":"3581824405978890","authorId":"3581824405978890","name":"CarmenGrace","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581824405978890","authorIdStr":"3581824405978890"},"themes":[],"htmlText":"👍🏻apple ","listText":"👍🏻apple ","text":"👍🏻apple","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803818554","repostId":"2154691065","repostType":4,"repost":{"id":"2154691065","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1627423500,"share":"https://www.laohu8.com/m/news/2154691065?lang=&edition=full","pubTime":"2021-07-28 06:05","market":"us","language":"en","title":"Apple profit nearly doubles as iPhone sales boom, but company projects growth slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2154691065","media":"Dow Jones","summary":"Supply constraints and foreign exchange expected to drive lower growth rate in September quarter. Apple Inc. just posted its strongest June quarter ever, with a near doubling of profits and a huge revenue beat for its iPhone business, though shares slipped in the extended session after the company projected slower growth for the current period.Apple's $$ revenue for the quarter rose to $81.43 billion from $59.69 billion, while analysts had been anticipating $73.34 billion. The biggest positive s","content":"<font class=\"NormalMinus1\" face=\"Arial\"> <p> MW Apple profit nearly doubles as iPhone sales boom, but company projects growth slowdown </p> <p> By Emily Bary </p> <p> Supply constraints and foreign exchange expected to drive lower growth rate in September quarter </p> <p> Apple Inc. just posted its strongest June quarter ever, with a near doubling of profits and a huge revenue beat for its iPhone business, though shares slipped in the extended session after the company projected slower growth for the current period. </p> <p> The company posted fiscal third-quarter net income of $21.74 billion, or $1.30 a share, up from $11.25 billion, or 65 cents a share, a year earlier. Analysts tracked by FactSet were expecting earnings per share of $1.01. </p> <p> Apple's <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> revenue for the quarter rose to $81.43 billion from $59.69 billion, while analysts had been anticipating $73.34 billion. The biggest positive surprise came in the iPhone segment, which exceeded revenue expectations by more than $5 billion. </p> <p> The smartphone giant delivered $39.57 billion in iPhone revenue, up from $26.42 billion a year prior and far ahead of the FactSet consensus, which called for $34.19 billion. </p> <p> Once again, Apple declined to provide a numerical revenue forecast for the current period but offered \"directional insights.\" </p> <p> Apple expects \"very strong double-digit\" year-over-year revenue growth in the September quarter, though with a growth rate not as high as the 36% seen in the June quarter, according to Chief Financial Officer Luca Maestri. The company anticipates a less favorable impact from foreign exchange, a return to \"more typical\" growth for the services business, and a greater impact from supply constraints relative to the June quarter. </p> <p> Though the company was able to limit the impact of supply constraints in the June quarter such that the impact was slightly below the low end of the $3 billion to $4 billion that executives had originally projected, Apple expects a higher number in the September quarter, with impacts mainly to the iPhone and iPad businesses. </p> <p> Chief Executive Tim Cook noted that Apple \"is paying more for freight costs than I would like to pay,\" though component costs are falling in aggregate. </p> <p> Shares were off 2.2% in after-hours trading. </p> <p> The company had been seeing strong performances from its iPad and Mac businesses amid the pandemic as the remote-work boom fueled demand for those devices, and Apple posted growth once again in the June period. Apple generated $8.24 billion in Mac revenue for the quarter, up from $7.08 billion a year prior, as well as $7.37 billion in iPad revenue, up from $6.59 billion a year ago. Analysts were projecting $7.86 billion and $7.17 billion, respectively. </p> <p> Apple saw revenue for its services unit climb to $17.49 billion from $13.16 billion a year ago, above estimates for $16.26 billion. The services revenue total was an all-time record. </p> <p> The company posted $8.78 billion in revenue from its wearables, home and accessories segment. That compares with $6.45 billion a year prior and the $7.83 billion FactSet consensus. </p> <p> Shares of Apple have gained just over 10% so far this year as the Dow Jones Industrial Average , of which Apple is a component, has risen upwards of 14%. </p> <p> -Emily Bary; 415-439-6400; AskNewswires@dowjones.com </p> <pre>\n \n</pre> <p> <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires </p> <p> July 27, 2021 18:05 ET (22:05 GMT) </p> <p> Copyright (c) 2021 Dow Jones & Company, Inc. </p> </font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple profit nearly doubles as iPhone sales boom, but company projects growth slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple profit nearly doubles as iPhone sales boom, but company projects growth slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-07-28 06:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\"> <p> MW Apple profit nearly doubles as iPhone sales boom, but company projects growth slowdown </p> <p> By Emily Bary </p> <p> Supply constraints and foreign exchange expected to drive lower growth rate in September quarter </p> <p> Apple Inc. just posted its strongest June quarter ever, with a near doubling of profits and a huge revenue beat for its iPhone business, though shares slipped in the extended session after the company projected slower growth for the current period. </p> <p> The company posted fiscal third-quarter net income of $21.74 billion, or $1.30 a share, up from $11.25 billion, or 65 cents a share, a year earlier. Analysts tracked by FactSet were expecting earnings per share of $1.01. </p> <p> Apple's <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> revenue for the quarter rose to $81.43 billion from $59.69 billion, while analysts had been anticipating $73.34 billion. The biggest positive surprise came in the iPhone segment, which exceeded revenue expectations by more than $5 billion. </p> <p> The smartphone giant delivered $39.57 billion in iPhone revenue, up from $26.42 billion a year prior and far ahead of the FactSet consensus, which called for $34.19 billion. </p> <p> Once again, Apple declined to provide a numerical revenue forecast for the current period but offered \"directional insights.\" </p> <p> Apple expects \"very strong double-digit\" year-over-year revenue growth in the September quarter, though with a growth rate not as high as the 36% seen in the June quarter, according to Chief Financial Officer Luca Maestri. The company anticipates a less favorable impact from foreign exchange, a return to \"more typical\" growth for the services business, and a greater impact from supply constraints relative to the June quarter. </p> <p> Though the company was able to limit the impact of supply constraints in the June quarter such that the impact was slightly below the low end of the $3 billion to $4 billion that executives had originally projected, Apple expects a higher number in the September quarter, with impacts mainly to the iPhone and iPad businesses. </p> <p> Chief Executive Tim Cook noted that Apple \"is paying more for freight costs than I would like to pay,\" though component costs are falling in aggregate. </p> <p> Shares were off 2.2% in after-hours trading. </p> <p> The company had been seeing strong performances from its iPad and Mac businesses amid the pandemic as the remote-work boom fueled demand for those devices, and Apple posted growth once again in the June period. Apple generated $8.24 billion in Mac revenue for the quarter, up from $7.08 billion a year prior, as well as $7.37 billion in iPad revenue, up from $6.59 billion a year ago. Analysts were projecting $7.86 billion and $7.17 billion, respectively. </p> <p> Apple saw revenue for its services unit climb to $17.49 billion from $13.16 billion a year ago, above estimates for $16.26 billion. The services revenue total was an all-time record. </p> <p> The company posted $8.78 billion in revenue from its wearables, home and accessories segment. That compares with $6.45 billion a year prior and the $7.83 billion FactSet consensus. </p> <p> Shares of Apple have gained just over 10% so far this year as the Dow Jones Industrial Average , of which Apple is a component, has risen upwards of 14%. </p> <p> -Emily Bary; 415-439-6400; AskNewswires@dowjones.com </p> <pre>\n \n</pre> <p> <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires </p> <p> July 27, 2021 18:05 ET (22:05 GMT) </p> <p> Copyright (c) 2021 Dow Jones & Company, Inc. </p> </font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154691065","content_text":"MW Apple profit nearly doubles as iPhone sales boom, but company projects growth slowdown By Emily Bary Supply constraints and foreign exchange expected to drive lower growth rate in September quarter Apple Inc. just posted its strongest June quarter ever, with a near doubling of profits and a huge revenue beat for its iPhone business, though shares slipped in the extended session after the company projected slower growth for the current period. The company posted fiscal third-quarter net income of $21.74 billion, or $1.30 a share, up from $11.25 billion, or 65 cents a share, a year earlier. Analysts tracked by FactSet were expecting earnings per share of $1.01. Apple's $(AAPL)$ revenue for the quarter rose to $81.43 billion from $59.69 billion, while analysts had been anticipating $73.34 billion. The biggest positive surprise came in the iPhone segment, which exceeded revenue expectations by more than $5 billion. The smartphone giant delivered $39.57 billion in iPhone revenue, up from $26.42 billion a year prior and far ahead of the FactSet consensus, which called for $34.19 billion. Once again, Apple declined to provide a numerical revenue forecast for the current period but offered \"directional insights.\" Apple expects \"very strong double-digit\" year-over-year revenue growth in the September quarter, though with a growth rate not as high as the 36% seen in the June quarter, according to Chief Financial Officer Luca Maestri. The company anticipates a less favorable impact from foreign exchange, a return to \"more typical\" growth for the services business, and a greater impact from supply constraints relative to the June quarter. Though the company was able to limit the impact of supply constraints in the June quarter such that the impact was slightly below the low end of the $3 billion to $4 billion that executives had originally projected, Apple expects a higher number in the September quarter, with impacts mainly to the iPhone and iPad businesses. Chief Executive Tim Cook noted that Apple \"is paying more for freight costs than I would like to pay,\" though component costs are falling in aggregate. Shares were off 2.2% in after-hours trading. The company had been seeing strong performances from its iPad and Mac businesses amid the pandemic as the remote-work boom fueled demand for those devices, and Apple posted growth once again in the June period. Apple generated $8.24 billion in Mac revenue for the quarter, up from $7.08 billion a year prior, as well as $7.37 billion in iPad revenue, up from $6.59 billion a year ago. Analysts were projecting $7.86 billion and $7.17 billion, respectively. Apple saw revenue for its services unit climb to $17.49 billion from $13.16 billion a year ago, above estimates for $16.26 billion. The services revenue total was an all-time record. The company posted $8.78 billion in revenue from its wearables, home and accessories segment. That compares with $6.45 billion a year prior and the $7.83 billion FactSet consensus. Shares of Apple have gained just over 10% so far this year as the Dow Jones Industrial Average , of which Apple is a component, has risen upwards of 14%. -Emily Bary; 415-439-6400; AskNewswires@dowjones.com \n \n $(END)$ Dow Jones Newswires July 27, 2021 18:05 ET (22:05 GMT) Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
