While many expected catastrophic, or at most modest, months
for the giants, American Apple announced strong results on
Thursday, as it achieved annual increases in various categories
of sales and regions in light of consumers resorting to their
products and services, whether for work and learning, from
home during the Covid pandemic – 19.
The results exceeded market expectations, and included
increases even for some shaded product categories, such as
the iPad tablet and Mac computers.
IPhone sales increased by nearly $ 4 billion above analysts’
expectations, according to results that coincide with its
announcement with data showing the collapse of US gross
domestic product 32.9 percent year-on-year in the second
quarter of the year, in economic performance that is the worst
since the Great Depression.
The company said iPhone revenue was $ 26.42 billion, while
analysts’ forecasts were $ 22.37 billion, according to IPS data
from Refinitiv.
Apple accounts for 60 percent of its sales in foreign markets.
The revenue for the third quarter of the company’s fiscal year
was $ 59.69 billion, and earnings were $ 2.58 a share,
while analysts expected $ 52.25 billion and $ 2.04 a share.
