Apple earnings report: No major news today
Posted On July 18, 2021
The Dow Jones Industrial Average closed at 20,914.60, the S&P 500 finished at 2,902.93 and the Nasdaq finished at 4,879.13.
Apple’s earnings report today is expected to show a net loss of $2.1 billion on revenue of $11.8 billion.
Apple has announced that its earnings per share for the quarter ended June 30 was $1.85, down from $2 a year earlier.
Apple announced today that its iPhone 7 will ship to consumers in the US on June 28, 2018, a date that was earlier moved from September.
Apple CEO Tim Cook announced in April that Apple was ending support for the iPhone 7.
Cook said that the company would continue to support the iPhone series “until we’ve seen enough to determine that there’s a better, better, more reliable way to use them.”
Cook said at the time that he expected to release the iPhone 6S “next year,” but later stated that he wanted to wait until 2019.
Apple shares rose more than 5 percent to $155.70 in afternoon trading.