Friday, October 30

Apple Earnings

Apple Earnings, iPhone News

Apple 2020 Q3: Revenue of $59.7 Billion, Stock to Split 4:1

Apple has just announced its fiscal results for the third quarter of 2020 ended June 27, seeing $59.7 billion in revenue, up 11% compared to the year-ago quarter. The company says international sales took up 60% of the quarter’s revenue. “Apple’s record June quarter was driven by double-digit growth in both Products and Services and growth in each of our geographic segments,” said Tim Cook, Apple’s CEO, in a statement. “In uncertain times, this performance is a testament to the important role our products play in our customers’ lives and to Apple’s relentless innovation. This is a challenging moment for our communities, and, from Apple’s new $100 million Racial Equity and Justice Initiative to a new commitment to be carbon neutral by 2030, we’re living the principle that what ...