Apple Inc. (AAPL), a company that designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories, has slightly increased by 0.052% in aftermarket trading session. As a result, AAPL stock is trading at $174.42 at the time of the writing. This slight increase is the representation of the market scenario as the stocks are slightly increasing ahead of the Federal Reserve final monetary policy of 2021. On Tuesday, AAPL stock closed the day at $174.33 after a nominal decline of 0.80%. Let’s discuss recent developments related to AAPL stock.
AAPL Q4 2021 Operational Results
On 28th October, AAPL released the operational results for the fourth quarter of the fiscal year 2021. The quarter ended on 25th September 2021. The company generated total net sales of $83.3 billion during the quarter against $64.6 billion for the same period of 2020. The total operating expenses bore by the company during the three months were $11.3 billion against $9.9 billion for the same period of 2020. The net income generated by the company during the three months was $20.5 billion against $12.6 billion for the same period of 2020. The net earnings per basic and diluted share for the period were $1.25 and $1.24 against $0.74 and $0.73 for the same period of 2020. premiersolarcleaning.com
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FY2021 Operational Results
Alongside the quarterly results, AAPL also released the operational results for 12 month period ended 25th September 2021. The company generated net sales of $365.8 billion during the year against $274.5 billion for the same period of 2020. The total operating expenses for fiscal 2021 were $43.8 billion against $38.6 billion for fiscal 2020. The net income generated by the company during the 12 months was $94.6 billion (or $5.67 and $5.61 per basic and diluted share) against $57.4 billion (or $3.31 and $3.28 per basic and diluted share) for fiscal 2020.
Tim Cook, AAPL CEO, while commenting on the results said that the record quarterly results marked an end to a tremendous fiscal year where the company achieved strong double-digit growth. The combination of record sales performance, unmatched customer loyalty, and strength of the company’s ecosystem drove the active installed base of devices to a new all-time high. The company continued to make progress toward the goal of reaching a net cash neutral position over time.
What’s Ahead for AAPL?
Being a gigantic entity, AAPL stock could see a tremendous rise or absolute low unexpectedly. Hence, investors should remain conscious while investing in these sorts of stocks. As for now, the stock looks in great shape to provide benefits to investors.