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What happened
Actions of Apple (NASDAQ: AAPL) it was up 12.3% in December, according to data provided by S&P Global Market Intelligence.
The iPhone maker is seeing its shares trade near an all-time high; they are up almost 77% this year.
Image source: Getty images.
And that
Apple has benefited from the coronavirus pandemic as sales have remained strong as more people buy the company’s devices to stay in touch with their loved ones. For the full fiscal year ended September 30, total revenue increased 5.3% year-over-year to $ 274.5 billion, while net revenue increased 3.9% year-over-year to $ 57.4 billion. These numbers show that the tech giant still has room for continued growth even with a large profit base.
What was interesting, however, was the increase in sales of wearable devices and services, two divisions that posted double-digit revenue increases year-over-year. Wearables, which include Apple Watch and Airpods, posted a 25% year-over-year revenue increase to $ 30.6 billion and accounted for 11.2% of Apple’s total revenue, up from 9.4% the previous year. Services, a division that promises consistent recurring revenue for Apple, now accounts for nearly a fifth of total revenue, up from 17.8% last year.
Now what
Apple’s line of innovative products has not lost a beat, with news that the iPhone maker intends to create a foldable phone similar to that offered by its close competitor Samsung Electronics. The product will supposedly fold like a shell, but it is still early in its development as the design of the new phone has yet to be confirmed. The product is scheduled for launch in 2022 or 2023.
There have also been rumors surrounding what has been dubbed “Apple Car,” an autonomous car that Apple has been working on for years that promises to be a breakthrough in terms of battery technology and automated vehicle technology. Although this project has been kept under wraps, the company is rumored to be planning to launch this new car starting in 2024. If this is true, it is probably the most interesting product Apple has created so far, aside from his hand. celebrated gadgets and wearables.
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