Apple Inc. showed the technology industry’s resilience amid the pandemic, reporting a better-than-expected 11% increase in quarterly sales from a year earlier as it benefited from strong demand for apps and work-from-home devices and avoided a downturn in its iPhone business.
The tech giant posted revenue in its fiscal third quarter of $59.69 billion, even as a new wave of coronavirus outbreaks across the U.S. led the company to again close stores. Profit rose about 12% to $11.25 billion, or $2.58 a share.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
hm ...
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
One investor explains how to make sense of Thursday's tech earnings crunch: Watch AppleWith four of the five most valuable tech companies reporting earnings on Thursday, investors may be most focused on comments from Apple to understand the macro picture.
Source: CNBC - 🏆 12. / 72 Read more »
Apple Q3 2020 earnings preview: Analysts look to iPhone 12 launch - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 🍎 wins... Wait what? fyi eacarer
Source: BusinessInsider - 🏆 729. / 51 Read more »
Google, Amazon, Facebook and Apple Report Earnings — Live Updates - WSJ.comThe Big Four tech companies—Alphabet’s Google, Amazon, Facebook and Apple—all report earnings after the closing bell. The results follow Wednesday’s congressional antitrust hearing in which the CEOs of the four companies faced relentless criticism for their business practices. The feds really need to get after Jack Dorsey. Big Tech needs to be broken up fast. Fortunately the GOP has moved away from the free market cultism that plagued it from 1980-2012. We might get some antitrust measures soon. Can't stop growth, not in the economy and not in cultures. I had a wonderful chat I tonight with an amazing moroccan. Please check this fun talk out! It will definitely show how wonderful those people are and well mannered!!
Source: WSJ - 🏆 98. / 63 Read more »
Apple beats on earnings and announces stock split, sending shares toward record highApple Inc. brushed off the COVID-19 crisis to report record June-quarter results that came in ahead of expectations, and the company said in plans to split... AAPL UP AMZN UP MARKET UP TRUMP WINS AGAIN
Source: MarketWatch - 🏆 3. / 97 Read more »
Jim Cramer reacts to Amazon, Apple, Facebook and Alphabet earnings'These big tech stocks have been roaring because they either benefit directly from the pandemic or they've figured out how to thrive in spite of it,' the 'Mad Money' host said. That’s great and all but I’d rather hear what stoolpresidente has to say.
Source: CNBC - 🏆 12. / 72 Read more »
Option traders are bracing for big post-earnings moves from Amazon, Apple and FacebookNew for subscribers: Option traders are bracing for big post-earnings moves from Amazon, Apple and Facebook Check out CNBCPro for a free trial. Pro Always wondered how much money do options traders actually make. I'm talking regular people (not professionals) who want to beat the market.
Source: CNBC - 🏆 12. / 72 Read more »