![]() ![]() The company said its net income was recorded at $21.7 billion against $11.25 billion in the year ago period. In the previous quarter, Apple reported revenue of $81.4 billion, up from $59.68 billion in the year-ago period. Revenue growing strongĪpple is the largest technology company in the world going by its $2.5 trillion market capitalization. On average FAANGM stocks have gained 31% so far in 2021 with Google gaining the most at 66%. Facebook has rallied 40% this year while Microsoft is up 38%. The bull run seen across global markets since the end March 2020 has helped technology stocks in the US gain significantly. Despite this, Apple stock trades at a price/earnings ratio of just 29x - far cheaper than Indian IT stocks. High-flying Apple stock has surged more than 19% so far this year, adding to its 131% rally between March and December 2020. Apple is the largest technology company in the world going by its $2.5 trillion market capitalization. ![]()
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