Highlights

  • We were pleased with Apple’s results as FY2020 (ended September 2020) revenue (up 5.5% YoY) missed our estimate by just 0.2%. Net income (up 3.9% YoY) missed our estimate by just 0.04%. However, Apple did beat consensus estimates. Q4 revenue beat consensus by 2%, and EPS beat by 4.5%.
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