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Posts tagged as “demand”

Stay-at-Home Demand Drives Apple Growth

Apple described sales growth throughout all its products, with iPads and Mac computers in unique benefiting from the change to working and mastering from household.

Apple’s all round sales rose eleven% in the 3rd quarter to $ billion and gains improved twelve% to $eleven.twenty five billion. Earnings came in at $2.fifty eight per share.

Analysts experienced anticipated earnings of $2.04 per share on $52.3 billion in earnings.

“In unsure times, this performance is a testament to the essential role our products play in our customers’ lives and to Apple’s relentless innovation,” Apple CEO Tim Prepare dinner said in a information launch.

On information of the earnings, Apple shares rose six.4% to $409.55 in right after-several hours buying and selling even while the firm also declared that its most current iPhones will be delivered marginally later on than normal this 12 months as the coronavirus disrupts world wide supply chains.


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