Apple reported $207.06 B in cash... If you invested $10,000 in 2010, here is how much you would have made
- Posted on January 29, 2020
- Editors Pick
- By admin
Revenue came in at $91.8 billion versus $88.4 billion expected
Earnings per share also came in at $4.99 versus $4.55 expected
iPhone revenue blew the numbers, Apple reported $55.96 billion versus $51.50 billion expected
Services revenue: $12.72 billion versus 12.98 billion expected
Apple Earnings Q2 Expectation
The Q2 2020 guidance was also above expectations for the tech giant, coming in at $63 billion to $67 billion compared to Wall Street estimates of $62.33 billion.
The company’s stock was up about 3% shortly after the announcement. And the stock was also up by 2.8 percent during the day before the report came out. The stock was trading at $317.67 + 8.74 ( + 2.83%).
In January 2010, Apple was trading at $27.44 per share. If you invested $10,000 at $27.44 per share, you will own about 364.9 shares of Apple Stock. And by now, your $ 10,000 would have turned to $115,970 .803. Yes, Apple is creeping to 2 trillion and it may get to 2 trillion this year.
- revenue between $63.0 billion and $67.0 billion
- gross margin between 38.0 percent and 39.0 percent
- operating expenses between $9.6 billion and $9.7 billion
- other income/(expense) of $250 million
- tax rate of approximately 16.5 percent
Apple's Massive Cash Pile
Previous Q4 2019 - $205.9 B
Q3 2019 . - $210.6B
Q2 2019 . - $225.4 B
Q1 2019 . - $245.B
Apple Inc. (AAPL)
- 2020-01-28 21:00:01
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