So far, so good. The group of Reddit traders who are trying to take down some big time short sellers on Wall Street are following the call to "hold the line." GameStop rose bigly in aftermarket trading and hasn't seen a significant dip since. It's a fascinating reminder of what retail traders are capable of when they are really motivated. Good reminder for each one of you as well! Did you know that thereâs a special website that tracks biotech stocks like Amazon tracks your packages? Wouldnât it be great to learn how and why they do it? And how that method could help you identify the best biotech trades? Good news! We know someone whoâs an expert in that area. Our good friend Lou Basenese is sharing his 7-step system for finding biotech trades and the ticker symbol of his current favorite. [Click here to reserve your spot](
(By clicking this link, youâll automatically be opted into the briefing, as well as periodic updates from Louâs Trend Trader Daily ([privacy policy]( and Rob ([privacy policy]( Stock of the Year 2020: TSLA Even after having dropped over $100 from its Monday high this week, Tesla stock owners don't have much to complain about. 2020 was a phenomenal year for the stock, which made founder Elon Musk the richest man in the world. Want all the details on just what 2020 did for the EV manufacturer? [Read our article here]( (By clicking this link, youâll automatically be opted into the briefing, as well as periodic updates from Louâs Trend Trader Daily ([privacy policy]( and Rob ([privacy policy]( There's a Store for That? Looking to commemorate the week retail traders took down Wall Street? We've got you covered with our friends over at Financial Wars. Their brand new store features limited-time deals on shirts like this, plus your favorite DPP brands like Strike Zone, the Exotics Club, and the 1K Club. Check out this shirt and everything else in the store [by going here](. Apple and Logitech Profit from Tech Boom Dear Investors,
In the previous business year, Apple was able to grow its revenue by 5.5% to reach 274.5 billion USD and its profits by 3.9%, reaching 57.4 billion USD. The revenue for iPads increased by 11.4% to reach $23.7 billion. Revenue for the Mac computer grew by 11.2%, reaching $28.6 billion. Apple recently launched its first Mac computer to be furnished with the M1 processor they developed themselves, saying goodbye to their long-time supplier Intel.
Apple turns to proprietary chips
Apple's new processor is more powerful, more energy-efficient, and significantly cheaper than those from Intel. The price difference will also be visible to the customer. The cheapest MacBook Pro with an Intel processor costs $1,799; the one with the Apple processor costs only $1,299. Right now, Apple is still selling a variety of models with Intel processors, especially for high-performance computers.
Services have become Apple's second-largest field. Revenue from streaming, cloud, and app services rose by 16.2% to $53.8 billion. Revenue from iPhones sank by 3.2% to $137.8 billion. Right on time for the Christmas quarter, Apple presented four variations of the iPhone 12 at once. With their own 5G modem, Apple is hoping to decrease reliance on the supplier Qualcomm for iPhone production.
Company portrait
Apple is one of the globe's leading electronics companies. The company designs, produces, and markets hardware and software solutions for private and business use. Their most famous product is the iPhone. Apple makes devices in every category, from smartwatches to high-end PCs and premium goods. They consistently hold the top slot in international market rankings.
Logitech surpassed expectations by a significant margin
From July to September, this supplier of computer parts and accessories increased its revenue by 75%, reaching $1.26 billion. For the first time in their history, they made more than one billion dollars in a single quarter. Profits jumped from 73 million to 267 million. This means that, in just three months, Logitech earned more than half as much as they made in the entirety of 2019.
Impressive cash flow development
With a cash flow surplus of $399 million in their operating funds, the company took in nearly as much cash in 6 months as they did in the entire previous year. These positive numbers are reflected in their balance sheets. On the asset side, they have a mountain of liquid funds piling as high as $917 million. This is a significant part of the balance total. And signs point to further growth.
Logitech sees the trend toward working from home and the growing market for computer games as long-term propellers of new growth. The current business year should see revenues increase by 35â40%, up to four times as fast as has been predicted so far. Their EBIT should lie between 700 and 725 million dollars, significantly above their previous numbers ($410â425 million).
Company portrait
This Swiss company is a leading global manufacturer of computer parts and accessories such as wireless mice and keyboards, remote controls, gaming accessories, joysticks, PC/MP3 loudspeakers, and webcams. They are active as electronics retailers.
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