Sat. Oct 16th, 2021

Yesterday we discovered the quarterly results of the company Apple, which have once again managed to exceed market forecasts, once again reflecting the excellent period in which the company is.

The firm earned quarterly revenue of $ 81,434 million, 10% more than market expectations.

This is the company’s best third fiscal year in its history, with a 36% increase in revenue over that three-year period.

The presentation of its results shows the diversification of the company whose income is divided into:

  • iPhone: $ 39.577 billion.
  • Mac: $ 8.235 billion.
  • iPad: $ 7.368 billion.
  • Household items, household goods and accessories: $ 8.775 billion.
  • Services: $ 17,486 million.

These results highlight the increase in sales of iPhone phones thanks to the push of its latest model, the iPhone 12. It also highlights the good evolution of the digital services segment.

Source: Admirals MetaTrader 5, AAPL, dario – Data range: from March 26, 2021 to July 28, 2021, held on July 28, 2021 at 11:30 am CET. Note that past performance is not a reliable indicator of future results.

The image above shows the daily evolution of Apple’s stock price, from March 26 to today. In this image it can be clearly seen that since June 1, the shares have shifted sideways in an uptrend channel with a range of approximately $ 4. The latest bullish attack on July 6 managed to break the resistance of this figure and it seemed that traders opted for an even more pronounced concentration of Apple shares.

However, a week later this movement lost momentum and the action headed to the end of the canal.

Shares rebounded yesterday after touching the support of this channel located near $ 145.50.

Receiving the results could lead the action to the upper zone of this rising front, near the psychological level of $ 150, where an increase in trading volume is expected.

With the Admirals Trade.MT5 account, you can exchange Contracts for Differences (CFDs) with Apple and more than 3,000 shares. CFDs allow traders to try to benefit from the bullish and bearish markets as well as the use of leverage. Click on the following banner to open an account today:

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