Apple quarterly revenue exceeds USD 100 billion for the first time
Apple's brand value increased by 87 per cent to 263.4 billion US dollars, the highest value of any brand worldwide, according to Brand Finance. Apple benefited from the new iPhone models in the Christmas business despite delayed product launches. Strong demand for tablets and laptops also continued. The stock was initially little changed in after-hours trading, but has already gained about 80 per cent since the beginning of the year. Although many people around the world are suffering from the economic consequences of the Corona pandemic, net income in the first quarter of the new financial year (ending December) rose by 29 per cent to 28.76 billion dollars or 1.68 dollars per share. This exceeded market expectations. Analysts had expected a surplus of 24 billion dollars or 1.41 dollars per share in the Factset consensus.