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Financial News: Apple up, defying doubters

Financial News:

Apple up, defying doubters

Tim Cook, Apple CEO

Apple reported record revenue of $123.9B in 2021 Q4, an 11% increase over the same period, previous year. Shares soared 5% after hours yesterday.

Apple's services business soared. Chip shortages were primarily limited to iPad sales. iPhone and computer company's net profit in the final three months of the year increasing by 20% to $34.6B, much above predictions of $31.1B. Revenue exceeded experts' projections of $119 billion and the $111.4 billion recorded a year ago.

Apple's shares soared 5% after the company's earnings report was released late yesterday.

Photo: Timothy Donald Cook, born November 1, 1960, is an American business executive who has been the chief executive officer of Apple Inc. since 2011. Cook previously served as the company's chief operating officer under its co-founder Steve Jobs.

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Content ID: 1643367452 Created Friday, January 28, 2022 10:57 AM UTC by Aaron Stipkovich, Updated Friday, January 28, 2022 2:05 PM UTC by Aaron Stipkovich.