Apple posted record $111.4 billion quarter


New iPhone 12 sales helped to deliver record profit. Quarter sale were $111.4, which is for the first time that Apple sales top $100 billion per quarter. This was a great news and it was thanks to delaying iPhone sales with 5G. Apple wasn't only company which reported earnings, another two giants reported as well and it was Facebook and Tesla, which missed on earnings in case of Facebook and Tesla delivered mixed earnings when they missed on earnings per share which was only $.80 while analysts expected $1,07, but it was still their first fiscal year profit, but they delivered on their revenue, but in case of all, investors are scared that this rapid growth wont continie thats why all companies are down on premarket. (Higgins, Wall Street Journal)

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