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How is Jan 27, 2021 “Q1”?

Apple's fiscal year starts in October.

Even with this good news, Apple is down 3% in the after hours market. Ouch!

5 posted on 01/27/2021 7:29:55 PM PST by KarlInOhio (The greatest threat to world freedom is the Chinese Communist Party and Joe Biden is their puppet.)

How is Jan 27, 2021 “Q1”?

It isn’t. It’s the day they report the finalized, audited results of 1st quarter fiscal 2021, which ended December 26, 2020. We’re are currently in the first month of the 2nd fiscal quarter for Apple which will end on Saturday March 27, 2021.

Apple’s fiscal year runs from the 5:00pm on the last Saturday in September until 5:00pm of the last Saturday of September in the next year. Fiscal year 2020 ended for Apple on September 26, 2020. Thus the first fiscal quarter of fiscal year 2021 runs from that Saturday of September 26, 2020 through the last Saturday of December 26, 2020 at 5:00pm.

13 posted on 01/28/2021 2:42:47 AM PST by Swordmaker (My pistol self-identifies as an iPad, so you must accept it in gun-free zones, you hoplophobe bigot!)