Connect with us

Latest Aproko

Apple Profits Slips But Revenue Grows Slightly Amid Pandemic

A closed Apple Retailer in Washington, DC, on April 29, 2020, forward of their anticipated first-quarter earnings report after market shut on April 30.


Apple on Thursday reported income slipped within the first three months of this yr as income inched larger regardless of the pandemic’s hit.

Apple mentioned it made a revenue of $11.2 billion on gross sales of $58.three billion within the quarter, in comparison with web earnings of $11.7 billion on income of $58 billion in the identical interval a yr earlier.

“Despite COVID-19’s unprecedented global impact, we’re proud to report that Apple grew for the quarter, driven by an all-time record in services and a quarterly record for wearables,” chief government Tim Prepare dinner mentioned in an earnings launch.

Apple shares had been down practically two % in after-hours trades that adopted launch of the earnings figures.

Income from iPhones — the massive earnings section for Apple in recent times — dropped some seven % from a yr earlier to $29 billion in a interval the place smartphone gross sales have been sagging.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *