Apple exceeded expectations: positive development in China

The end of the crown pandemic in China has helped Apple generate profits and sales above experts’ expectations in the last quarter. “China is developing in the right direction,” Apple CEO Tim Cook of Reuters news agency said of the trade figures released on Thursday.

However, due to the uncertainties of the pandemic, no prospects can be given for the current quarter. China is very important both as a market and a production facility for Apple.

In the second fiscal quarter through the end of March, the US group generated sales of $ 58.3 billion (€ 53.77 billion), exceeding analyst expectations of 54.5 billion. At $ 2.55, earnings per share were also above the forecast of $ 2.46.

Apple had plunged its sales expectations in February due to the pandemic. At that time, the epicenter of the plague was still in China. The sales warning scared investors on the stock exchanges. The California company had originally forecast sales of $ 63 billion to $ 67 billion for the second quarter.