The world’s largest technology company also announced a four-for-one stock split after its shares surged more than 80% in the past year.
Fiscal third-quarter revenue came in at $59.7 billion, a record for the June period. That was up 11% from a year earlier and smashed analysts’ estimates of $52.3 billion, according to data compiled by Bloomberg.
The pandemic is keeping people at home, which has spurred demand for Apple devices to help millions of consumers use the internet to keep in touch with friends, family and co-workers.
The pandemic likely boosted iPad and Mac sales due to lockdown rules and an increase in remote learning, while Apple store closures are weighing on iPhone sales.
Apple’s cheaper iPhone SE, released in April, was also well timed for leaner economic conditions. The company plans to launch new Mac computers with its own processors, a cheaper HomePod, and a slew of new iPhones later this year.
APPLE STOCK PAST 1 YEAR
(SOURCE : NASDAQ)
(SOURCE : NASDAQ)
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