Apple delivers blowout earnings amid COVID-19, market shrugs off iPhone delays

Apple's stock split may not be good for the Dow

“I think the economic stimulus that was in place - and I’m not just focused on the U.S., but more broadly - was a help,” Cook told Reuters. “China remains a key ingredient in Apple’s recipe for success as we estimate roughly 20% of iPhone upgrades will be coming from this region over the coming year,” Daniel Ives of Wedbush Securities said in a note.

Sales in its services segment, which also includes offerings such as iCloud and Apple Music, rose 14.8% to $13.16 billion, compared with and analyst expectations of $13.18 billion. Cook told Reuters that Apple has 550 million paying subscribers on its platform, up from 515 in the previous quarter.

Bully for them! Wait. We're taxing them, right?

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.

Five Startups Helping Companies To Survive And Thrive Beyond Covid-19Few businesses emerged from Covid-19 lockdown unscathed. Some didn’t survive. Yet a surprising number used the challenges and difficulties they were experiencing to help others not only survive the pandemic but be in a better position to thrive once lockdown restrictions are eased. remove curse and negative energy permanently Spirituality
Source: Forbes - 🏆 394. / 53 Read more »