Original post: Apple
- meets EPS
- misses on revenue
- shares
will plunge ... and they did ... could fall as much as $8.00 after
hours; trading at $145.00. Comment: anything over $145 is fine.
- demand robust; supply chain issues
- if Apple can't get chips, no one can get chips;
- Tim Cook, guidance: still expects a record 4th quarter
- more at Macrumors.
But as the numbers come in and more information is released, a completely different picture.
Revenue: a lot was being made of missed revenue forecast, but spend some time on this graph:
For the quarter:
- revenue: $83.4 billion vs $64.7 billion, same quarter one year ago;
- new quarterly profit: $1.24 / share; vs 73 cents same quarter one year ago.
- September quarter:
- a record
- Mac and Services both set all-time records
- but look at this, gross margin was 42.2% vs 38.2% same quarter one year earlier
- dividend unchanged, to be paid November 11; record date, November 8, 2021
For the full fiscal year, 2021: shattered company records with $365.8 billion in sales; $94.7 billion in net income, up from $274.5 billion in sales and $57.4 billion in net income for fiscal 2020.
- $366 vs 275 ..... billion ... wow.
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