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Apple releases first-quarter fiscal 2021 results, after-hours stock price declines nearly 3%
Today, Apple declared its results for the first quarter of fiscal 2021. Apple’s first-quarter revenue and earnings per share exceeded Wall Street analysts’ expectations, but its stock price still fell after the market.
On the other side, Apple’s stock price fell by 1.10 US dollars in Nasdaq regular trading to close at 142.06 US dollars, a decrease of 0.77%. So far, Apple’s stock cost has fallen nearly 3% in after-hours trading.
In the past 52 weeks, Apple’s highest cost was $145.09 and the lowest cost was $53.15. As per the report, Apple’s first-quarter net revenue was US$111.439 billion, an increase of 21% from US$91.819 billion in the same period.
Last year, a record high, net profit was US$28.755 billion, a rise of 29% from US$22.236 billion in the same period last year. Among them, revenue in Greater China was USD 21.313 billion, an increase of 57% from USD 13.578 billion in the same period last year.
(Source)