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US Stocks Earnings Highlights: Apple, Facebook, Starbucks, and More
By Seedly  •  July 29, 2021
So far this week, a couple of US-listed companies released their earnings. Let’s look at some of the key highlights from their latest announcements here. Apple Inc (NASDAQ: AAPL) Apple continued its strong business performance into the fiscal 2021 third quarter (three months ended 26 June 2021). For the latest quarter, Apple posted a revenue jump of 36% year-on-year to US$81.4 billion, setting a new June quarter record. iPhone revenue grew around 50% to US$39.6 billion, exceeding Apple’s own expectations as the iPhone 12 family continues to be in high demand. Apple also saw:
  1. new revenue highs in each of its geographic segments,
  2. double-digit revenue growth in each of its product categories, and
  3. an all-time high for its installed base of active devices.
With that, Apple’s net profit almost doubled to US$21.7 billion, up from US$11.3 billion in fiscal 2020 third quarter. Apple has declared a dividend of US$0.22 per share for the quarter, up from US$0.205 per share...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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