New record earnings of Apple

News of the day, Friday, April 29

Apple ($AAPL) reported a successful quarterly report. The revenue grew about 9% year over year. Apple’s earnings per share reached $1.52, which was higher than the forecast of $1.43 per share. The company’s gross margin expanded to 43.7% from 42.2% in the previous quarter. The iPhone sales, which account for about 60% of the company’s total revenue, rose about 5.5% to $50.57 billion, compared to the analysts’ forecast of $47.88 billion.

Oil prices rose for the fourth day in a row as supply fears of Russian crude exceeded the impact of Covid-19 lockdowns in China, the world’s biggest oil importer. Brent crude futures increased by 0.8% after a rise of 2.1 in the previous session. WTI crude rose 0.5% after an increase of 3.3% previously.

"Oil market volatility is set to continue, with the potential for more widespread and prolonged lockdowns into May and beyond, skewing the near-term risks for China's oil demand – and prices - to the downside."

The price of Brent crude is $108.90, WTI — $106.50, GBP/USD — 1.2558, EUR/USD — 1.0576, and gold costs $1915.90 per ounce.