Apple's Bolstering the Economy With Slew of New Products Along with Other S&P Tech Stocks
In a Year of Tumultuous Change due to the Outbreak of COVID-19 worldwide, Apple Along with High-Performing S&P Tech Stocks, Bolsters the Economy
Image via Apple
Data via Refinitiv; Graph by Julia Horowitz, CNN
On Thursday, Apple announced financial results for its fiscal 2020 fourth quarter ended September 26, 2020 with a record September quarter revenue of $64.7 billion and quarterly earnings per diluted share of $0.73. Live streaming of Apple’s Q4 2020 financial results conference call is now available at apple.com/investor/earnings-call/ for two weeks. Consolidated financial reports can be viewed here.
Other notable S&P tech stocks keeping the economy going strong include Alphabet’s Google, Amazon, Netflix, Facebook and Microsoft.
Data via FactSet, Image via Financial Times, Mamta Badkar
Over the course of the last three months starting in September, Apple has been releasing a slew of new products with one event per month.
September’s Event brought a new Apple Watch SE, an eighth generation iPad, iPad Air and iOS 14.
Image via Apple
October’s Event brought a brand new iPhone 12 with Pro and Max versions and a new HomePod Mini.
Image via Apple
This month on November 10th, Apple is expected to release new products such as updated MacBook Pros and the debut of Apple Silicon Macs.
Image via Apple
COVID-19 has brought on many challenges, but it has also brought opportunities from increased product delivery at home for Amazon, which has seen its revenue skyrocket to $96 billion in the past quarter - a new record - to an increased demand for Apple’s products as more people work from home.