News & Analysis

Apple reports Q3 results

29 October 2021 By Klavs Valters


Apple reported their Q3 financial results after the closing bell on Thursday, missing Wall Street analyst expectations.

The company reported revenue of $83.36 billion on the third-quarter (up by 29% year-over-year), below analyst forecast of $84.85 billion. Earnings per share at $1.24 a share, in line with the forecast.

  • iPhone revenue at $38.87 billion vs. $41.51 billion forecasted
  • Mac revenue at $9.18 billion vs. $9.23 billion forecasted
  • iPad revenue at $8.25 billion vs. $7.23 billion forecasted
  • Other products revenue at $8.79 billion vs. $9.33 forecasted
  • Services revenue at $18.28 billion vs. $17.54 forecasted

”This year we launched our most powerful products ever, from M1-powered Macs to an iPhone 13 lineup that is setting a new standard for performance and empowering our customers to create and connect in new ways,” said Tim Cook, Apple’s CEO.

”We are infusing our values into everything we make — moving closer to our 2030 goal of being carbon neutral up and down our supply chain and across the lifecycle of our products, and ever advancing our mission to build a more equitable future.”

Apple chart (1Y)

Shares of Apple fell by around 3% in the after-hours trading following the latest results. The share price is up by 37.20% in the past year at $152.57 a share.

Apple is the largest company in the world with a total market cap of $2.522 trillion.

You can trade Apple (AAPL) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD. Click here for more information. Trading Derivatives carries a high level of risk.

Sources: Apple, Refinitiv, TradingView, CompaniesMarketCap

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