Get to know your offshore companies: APPLE INC. (NASDAQ: AAPL)

Apple reported strong fiscal third-quarter earnings on 27 July 2021. The company beat market expectations and saw growth of over 12% across all major product lines. Earnings per share significantly beat the market consensus of $1.01 by 29%, coming out at $1.30. Total revenue increased by 36% to $81.41bn (Q3 2020: $59.7bn), with annual growth in its two largest operating regions, the Americas and Europe, of 33% and 34%, respectively.

Apple declared a dividend of $0.22 per share. The board returned approximately $29 billion to shareholders during the quarter. Apple’s share price reacted relatively flat to the results as markets remain fearful over the new Delta (Covid-19) variant and continued inflation worries. Management expects  strong double digit year-over-year revenue growth during the September quarter.

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