This Week Highlight - APPLE Makes Historical Earnings

After the U.S. market closed on 27 January, APPLE Inc announced its quarterly earnings for the Q1 2021 ended December 2020. The company compiles its fiscal year from the 1 October of every work year. Before the report was released, APPLE shares have elevated for past 1 week and climbed from USD130 - USD143 per unit. The news release was upbeat despite Nasdaq 100 Composite fell 355 points on Wednesday close. For the Q1 season of 2021. APPLE has booked the historical highest earnings above USD100 Billion over 3 months. The reported earnings of USD111.4 Billion is 21 percent higher than the same quarter on year-on-year basis. Earnings per share is at USD1.68 compared to USD1.41 estimate. On 28 August 2020, APPLE shares went into a stock split of 1-4 ratio and the market prices re-started trading at USD140 per unit after the split. Currently, the market prices have protruded this top and seem to be ready for another new hike. Till date, the market capitalization of APPLE stock is est