Apple has released its 2020 wrap up with an earnings report this 2021, featuring the company's achievement and performance in the last quarter (Q4) of the previous fiscal year that ended on December 31. The Cupertino giant showed how much its revenue grew and improved, with the iPhone 12 leading the company with a record of its highest quarter sale.
The most valuable technology company, Apple, was optimistic to share its achievement and growth for 2020, ending the year with the most profitable quarter in its history, brought primarily by the flagship smartphone. The pandemic has been terrific for Apple, as it did not affect its sales, and even pushed it further with the massive demand for technology.
2020 was the year of COVID-19 to hinder several industries and norms in the world, with a massive effect on all industries, including school and the working industry. However, like Microsoft's growth in stocks, Apple also is a big earner for the year 2020, with the coronavirus pandemic contributing to the demand and growth of technology and the digital age.
Apple's Record-Breaking 2020 Q4: iPhone 12 Made it Possible
According to Wall Street Journal, the Cupertino giant has earned a total of $111.4 billion in terms of quarterly sales with their performance last 2020, earning a record high of $100 billion in its quarterly revenue.
The main proponent or reason for the massive earnings is the highly anticipated smartphone release of the Cupertino giant, the iPhone 12, particularly the demand over its high-end variants the Pro and Pro Max. Apple's iPhone 12 featured the first 5G-ready iPhone with LiDAR capabilities, 5nm A14 Bionic Chip, iOS 14, and one of the world's best smartphone camera.
Apple's success was also followed by its different releases last 2020, including its most powerful Mac in existence, the Silicon-powered computers known as the M1 chip, that left Intel behind with its processors. Moreover, Apple also debuted its next-generation iPad lineup, featuring a flat-edged design with the iPad Pro 2020, and the iPad Air Generation 4.
Apple's After Hours Trading is Not the Most Impressive Last 2020
However, despite the massive success of Apple and impressive performance in the last quarter of 2020, and the total revenues and earnings of the past year, some experts are not convinced in several aspects. The record-topping high of Apple with the last quarter should have been enough to impress its experts, but it seems the company did not please everyone.
According to Yahoo Finance's review of Apple's performance in 2020, Jared Blikre, Adam Shapiro, and Seana Smith have mentioned something about the Cupertino giant's performance in "after-hours trading." This method of stock trading occurs during the market's closure for the day, and where purchases or transactions occur as well.
Apple was regarded by these Finance experts to have substandard performance, or not quite as good as they have portrayed, as after-hours trading prove to also be an important factor in quarterly earnings.
Related Article : MacBook Pro M1 2021 Redesign Leaks: 5 Reasons Why You Should Wait for Official Release Date!
This article is owned by Tech Times
Written by Isaiah Alonzo
