Apple’s quarterly revenue broke the record

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Apple’s quarterly revenue broke the record

02.11.2020 News

American gadget manufacturer Apple Inc. in July-September reduced net income to $ 12.67 billion, or $ 0.73 per share, compared to $ 13.68 billion, or $ 0.76 per share, for the same period in 2019.

Stock analysts forecast a rate of $ 0.71 per share. Apple’s quarterly revenue grew 1% year on year to $ 64.7 billion.

This record value for the third quarter was achieved due to the growth of sales of Macs, as well as iPad and digital services of the company during the coronavirus epidemic.

Apple’s revenue increased despite a decline in iPhone sales due to the postponement of the launch of the new line of gadgets to October, which traditionally falls in September.

Apple’s revenue from Mac sales soared by 29% to a record $ 9.032 billion, service revenue from the App Store, Apple Music, Apple Pay and iCloud increased 16% to $ 14.55 billion, which is also a record.

Sales of iPad increased by 46% to $ 6.8 billion, mobile devices and accessories – by 21% to $ 7.88 billion. At the same time, sales of iPhone sales fell by 21% to $ 26.44 billion.

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