Apple (NASDAQ: AAPL), an American multinational technology company, was featured in a recent analysis report that discussed its performance following a pandemic-induced surge. The report, written by LikeFolio Founder Andy Swan, reads, “In 21Q2, Apple demand growth slowed: +6% YoY. In the prior quarter, demand increased +17% YoY. Seasonally speaking, this is not a big quarter for AAPL (Q4 and Q1 encompass keynote drops and holiday season). Work-from-home trends boosted iPads and Macs last year, but normalization is occurring and evident in a product breakdown: comparative weakness across the board on a YoY basis. Apple Happiness is stable (64% positive), so existing customers are happy. This isn’t a consumer flee event, rather a slow down vs. COVID-induced growth recorded last year.”
About Apple Inc.
Apple is an American multinational technology company headquartered in Cupertino, California, that designs, develops and sells consumer electronics, computer software and online services. It is considered one of the Big Tech technology companies alongside Amazon.com Inc. (NASDAQ: AMZN), Alphabet Inc./Google (NASDAQ: GOOGL), Microsoft Corporation (NASDAQ: MSFT) and Facebook Inc. (NASDAQ: FB). For more information about the company, visit www.Apple.com.
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