Earnings Summary | Sales of Mac and Services Hit Record, but Market Reacts Cold
On October 29, $Apple (AAPL.US)$ announced its latest quarterly earnings after hours. The overall Q4 performance was slightly better than previously expected. The report showed promising development in many sectors of Apple's business.
The sales of Mac and Services hit record new high. Mac sales were $9 billion, a significant up of 29%. And the Services revenue was $14.5 billion, which was 16.3% higher. Due to the lack of iPhone 12, the sales of the iPhone in this quarter dropped by 20%.
It seems that the market was not satisfied with the Q4 report. The stock closed high at 115.32 today. But in after-hours trading, right after the earnings were released, the price dipped more than 5%. Some analysts suggest it is a golden opportunity to buy-in.
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Kittykiki : Buy it in low point, and it should go uppers.
Charles : Don’t buy the dip. It is gonna be red.
Blaazin1 Charles : ok.thanks
Rich yo Blaazin1 : uh huh. no one knows where the market is going. only those who pull their millions out. for the rest of us small fish. just swimming in the sea.