Company Of The Day: Apple
What?
Apple (NASDAQ:AAPL) published a mixed set of Q4 FY’21 results. While EPS for the quarter came in at about $1.24, roughly in line with estimates, revenues fell short of estimates, coming in at $83.36 billion.
Why?
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Although key product categories including the iPhone and iPad saw strong growth, with revenue rising 47% and 21% respectively year-over-year, Apple has been facing headwinds on account of the global semiconductor shortage and Covid-19 related manufacturing issues.
So What?
Apple has also indicated that it expects the impact from supply constraints in the holiday quarter to be larger than it was in the September quarter. Apple stock fell by about -2% on Friday.
See Our Complete Analysis For Apple
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