3 Signs Apple Just Had a Stellar Quarter
Apple (NASDAQ: AAPL) headed into its fiscal 2021 first quarter with high expectations from investors. The highlight of Apple's quarter was the launch of the iPhone 12, the tech titan's first 5G smartphone. Investors anticipated robust sales as wireless carriers push their 5G networks and build excitement around the new iPhones. All signs indicate Apple's delivered on those expectations.
Here are three of the most noteworthy developments bolstering Apple's stock heading into its earnings report later this month.
It's been more than two months since Apple released the iPhone 12 Pro, and customers buying today still need to wait up to three weeks for delivery. That might as well be forever in the age of next-day delivery. By comparison, it took just six weeks for iPhone 11 demand to reach equilibrium with supply last year, according to Credit Suisse analyst Matthew Cabral.
Source Fool.com
