Apple posted the financial results from its second fiscal quarter of 2021 on Wednesday, reporting $89.6 billion in revenue for the period, up a massive 54 percent year over year. Following are the notes of interest from both the report and the subsequent analyst conference call, with remarks from Apple CEO Tim Cook and CFO Luca Maestri.
Apple earned $89.6 billion in revenue for the second fiscal quarter of 2021, a huge Wall Street beat attributed in large part to strong growth in iPhone, wearables and services.
Apple will announce its financial results for the second quarter of 2021 on Wednesday, April 28. Here's what to expect from the earnings report and conference call.
Apple on Tuesday released new iPad Pro and iMac devices powered by the M1 chip, along with AirTag, a refreshed Apple TV 4K, a new podcasting service, and a purple iPhone 12. Here's what analysts thought about the Apple event.
Apple in the coming months may reveal new details or information "laying the groundwork" for the rumored "Apple Car," according to one analyst.
Investment bank Wedbush is expecting the "Spring Loaded" Apple Event to focus on iPad models but says that "a few surprises" could also be in the works.
JP Morgan believes investors are primed for softer AAPL earnings results in Q1 2021, but believes that Mac and Services could still drive upside.
Investment bank JP Morgan believes that several proposed tax rate changes could "almost completely" reverse the benefits of prior tax reductions for Apple.
Analysts are weighing in on the latest smartphone shipment data out of China, which suggests solid demand for iPhone models but casts doubt on a "super cycle."
Microsoft has acquired speech recognition systems company Nuance in an all-cash deal valued at $19.7 billion, giving it control over the firm that helped Apple process Siri queries.
Apple saw remarkable revenue growth during the holiday quarter and throughout the pandemic, and according to one analyst, that growth will continue through the second quarter of 2021.
It should come as no real surprise that Apple Chief Executive Tim Cook says he'll "probably" leave the company within the next 10 years, given that the man is 60. But, it does raise the question of who is in line to replace him — AppleInsider ranks the current best options.
With Apple predicted to sell a record-breaking 240 million iPhones in 2021, Wedbush has named AAPL one of its top technology stocks heading into the earnings report season.
Investment bank Cowen believes Apple News+ is a key pillar in growing Apple Services, and forecasts that it could reach 19 million paid subscribers by 2023.
Morgan Stanley has raised its 2021 and 2022 Apple Services revenue forecast, but has revised its AAPL price target down to $156 to reflect warier investor outlooks surrounding the company's peers.
Goldman Sachs believes that a slowdown in App Store growth and the possibility of an end to Apple TV+ free trials presents "significant downside risk" to Apple's investors looking ahead to 2022.
Investment bank UBS has upgraded AAPL to a "Buy" and raised its price target to $142, based on a stable iPhone backdrop and the possibility of Apple entering the car market.
Apple has announced that its quarterly earnings call for the second fiscal quarter of 2021 will be held on April 28. Tim Cook and chief financial officer Luca Maestri are expected to detail the company's health.
Apple's iPhone 12 is enjoying high demand and equally high production levels, and the "iPhone 13" could arrive in October, analysts from Wedbush believe.
Apple chip partner TSMC will issue bonds worth NT$21.1 billion (US$743 million), in a bid to fund efforts to expand its production, allowing it to make more chips like Apple Silicon.
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Neil Hughes
Malcolm Owen
Mike Peterson
William Gallagher
