Cut unnecessary costs with one simple change to your banking + MORE Dec 13th
How financial journalists plan their own retirement + MORE Aug 15th
Where should working retirees put extra income: A TFSA or an RRSP? Jan 11th
How to stay the course with your retirement plan during market volatility + MORE Apr 11th
Stock news for investors: Air Canada profit drops more than 50% in Q2 amid “challenging environment” Aug 1st
Making sense of the markets this week: November 5, 2023
– moneysense.ca
Apple earnings are solid if not spectacular
When a company makes a habit of achieving record-breaking growth, it can be hard to give proper context to earnings reports. (All earnings figures in the first two sections are in U.S. currency.)
On Thursday, Apple (APPL/NASDAQ) released its quarterly earnings numbers.
Earnings per share came in at $1.46 (versus $1.39 predicted) and total revenues were $89.5 billion (versus $89.28 billion predicted).
Despite slightly beating expectations, shares were down 3% in after-market trading as the market seems to hold Apple to a higher standard.
It can be hard to visualize just how massive this company is at times.
Apple performance highlights
Here are a few Apple facts for you:
Apple has more than $162 billion on hand in cash. That means they generate around $5 billion per year in interest income alone—or roughly the same as the entire annual profits of CN Rail, which is one of Canada’s biggest companies…
