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2021-04-29

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Apple rose nearly 3% in premarket trading

Apple rose nearly 3% in premarket trading, Q2 revenue increased by 54%, and announced a $90 billion

Apple rose nearly 3% in premarket trading

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Apple said it would increase its existing share buyback program by $90 billion.</p><p>Apple announced earnings per share of $1.40 on revenue of $89.58 billion. Analysts polled by Investing.com anticipated EPS of 98 cents on revenue of $76.71 billion.</p><p>iPhone revenue, which makes up about half of total revenue, rose to $47.94. billion from $28.96 billion a year earlier, beating estimates of $40.8 billion, driven by strong demand from the latest slate of iPhones.</p><p>Revenue from Apple’s service business including Apple News, Apple TV+ and iCloud, grew to $16.90 billion from $13.3 billion, beating estimates of $15.53 billion.</p><p>Wearables, home and accessories generated $7.8 billion in revenue, up from $6.3 billion, beating consensus of&nbsp; $7.45 billion.</p><p>Apple declared a cash dividend of 22 cents per share, an increase of 7%.</p><p>\"These results allowed us to generate operating cash flow of $24 billion and return nearly $23 billion to shareholders during the quarter,\" Apple said in a statement.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162866378","content_text":"Apple rose nearly 3% in premarket trading, Q2 revenue increased by 54%, and announced a $90 billion repurchase of stock.Apple Delivers Blowout Q1, Lifts Buybacks by $90BApple reported Wednesday better-than-expected first-quarter results as revenue hit a record high following a surge in services and iPhones growth. Apple said it would increase its existing share buyback program by $90 billion.Apple announced earnings per share of $1.40 on revenue of $89.58 billion. 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Apple rose nearly 3% in premarket trading

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