Apple Inc. (AAPL) Stock Falls 2.01% Today
Apple Inc. (AAPL) stock closed at 143.00 USD on 31 Jan, 4:23 am GMT-5, after losing 2.93 USD or 2.01% from its opening price of 144.96 USD. In pre-market trading, the stock further dropped to 142.14 USD, losing 0.86 USD or 0.60%.
The stock’s highest point was 145.55 USD, and its lowest was 142.85 USD, with a market capitalization of 2.26 trillion USD. The P/E ratio of the stock was 23.39, and its dividend yield was 0.64%.
The 52-week high of AAPL stock was 179.61 USD, and its 52-week low was 124.17 USD.
Apple Inc. is a leading technology company that produces and sells a wide range of products, including smartphones, laptops, and wearables. The company is known for its innovation and has been a leader in the technology industry for many years. Despite the recent dip in its stock price, Apple remains a strong player in the market and is expected to continue to grow in the future.
Investors are encouraged to keep an eye on the company’s financial performance and stock price as it moves forward. The company’s future growth and success will be key to determining the future of its stock price.
Apple Inc. (AAPL) released its financial results for the period ending September 2022, and the results have exceeded expectations. The tech giant reported a revenue of $90.15 billion, an increase of 8.14% year-over-year (Y/Y).
The net income for the period was $20.72 billion, up 0.83% from the previous year. This resulted in a diluted earnings per share (EPS) of $1.29, an increase of 4.88% Y/Y. Apple’s net profit margin stood at 22.99%, with a 6.73% increase Y/Y.
The operating income for the period was $24.89 billion, a 4.66% increase Y/Y. Apple’s cost of revenue was $52.05 billion, up 8.02% from the previous year.
Apple reported a net change in cash of -$3.88 billion, which is a significant 694.79% increase Y/Y. The company did not provide information on its current cash on hand.
The financial results have been received positively by the market and investors, with the stock price of AAPL rising following the release. Apple has continued to perform well, despite the challenging economic environment, and the results demonstrate its resilience and ability to adapt to changes in the market.
In conclusion, Apple’s financial results for the period ending September 2022 show a strong performance and demonstrate the company’s ability to generate growth and profitability in challenging times.